I have an issue with PayPal's bank-dipping when Sellers have enough funds in their PayPal accounts to cover all their expenses. The Buyer paid, but PayPal wants to hold the money for 3 weeks. They're kind enough to ALLOW me to ship it with the Buyer's money, they'll release that much.
But, then, tell me that in 3 weeks the funds will be released. And, at that same time, they will recoup the shipping cost FROM MY BANK ACCOUNT. When I said, if you're releasing the payment in 3 weeks, the money for the shipping is then in my account, why would you take it from my bank? They just don't answer you! Because it makes too much sense, that's why! 😛
Furthermore, we are out two duplicate invoice payments from Ebay for almost $200, BECAUSE of this habit of bank-dipping that PayPal has developed in the last 6 months. If they were not doing this, the theft wouldn't have occurred. I call it theft, because I can prove I made 2 payments for the same thing in both October and November, yet they refuse to return the money. I've had an entire team, including a certified public accountant look at it, and they all say, yes, PayPal took 2 payments for the same thing. Yet, all PayPal says is, everyone is wrong, and they don't owe a thing!
My partner and I had to pull all our items offline, from 2 accounts and close a store, because we can't afford to do business like this, when all our profits are being taken by PayPal! We sell children's items, we're lucky to make $5 profit sometimes. Takes a lot to add up to $200. 😛
We did business for years with Ebay with no probs until the bank-dipping started. When that stops, we'll come back.
