I responded to this also... I am pasting what I wrote... It looks like all I see are people **bleep** about the cr** that Paypal does to us!! What about a solution!! Can't ANYONE out there, (Isn't this moderated? Isn't there a moderator?), tell us how we get our FU***NG $$$ if someone WON'T leave feedback??? I AM SICK AND TIRED OF PEOPLE USING ME!! PAYPAL USES US TO GET A FEE FOR SELLING, THEN THEY USE US TO GET INTEREST ON OUR MONEY. (I think they should have to pay us every dime in interest they collect with OUR money!!) WHAT IF ALL THE PAYPAL USERS GOT TOGETHER AND DID A CLASS ACTION LAWSUIT??? We could sue them for the interest on the money they make and not giving us a way to follow their procedures. HEY! THEY set the policies and we folow them, right? Then why if they have a policy that our money can be released earlier if it can be verified the item was delivered, do they NOT give us a way to get this info to them to get our $$ released? I will tell you why... I did medical billing for a TPA, (Third Party Administrator), called Coresource. They would stamp claims received and we would have ten days to process these claims... Well, we would restampt them after ten days and because we would have identified how much $$ we would pay out the people would have to pay Coresource and then Coresource HOLDS the millions in the bank for additional time JUST TO COLLECT THE INTEREST!! I believe this is common practice in industries world wide and people like you and me get **bleep**ed ECERY time! So... What happens? Paypal charges us a fee from what we sell, they hold it for up to ?? many days till either a feedabck or the tiem limit runs out. THEN they take 3-5 business days to transfer that money to my bank. (So if your money is relased on Friday afternoon adn you start the transfer on Friday afternoon, they get to collect interest from Friday to possibly the next Thursday! A week's worth of interest on HOW MUCH $$ overall. They say we can use another service if we don't like it? First, go back to Ebay and see if you can accept anything other than credit cards or Paypal. NO! Anyway, NOT the point. If you provide a service and promote that service to the masses, then you have an obligation to not take advantage of the people who do business with you. Isn't that called "operating in bad faith"? That used to be the soul of a business. If you operated in bad faith you could be shut down. The ONLY way for them to prove that they are not doing this is to show WHY it takes three to five business days to "electronically" transfer my money to my bank. All banks do it, but it ain't right!!! And why it takes 20+ days to release MY money. What if... I go to...say... the grocery store. I buy $100 of food and pay with a check. Then they have made me pay for my food but NOW hold my food until my check clears? How long would this be tolerated? What about ANYTHING we buy with other than cash?? You don't get it till your money clears the bank AND then it could take us 3-5 business days before you have access to ?? item(s) Am I stretching this a bit. Sure I am, but the principal is the same.
... View more