Why is PayPal controlling eBay now? They withold payments into your account for up to 21 days?

[cat_toys73gb]

I am a small seller who is on a fixed income & now when you sell, PayPal can withold your funds for up to 21 days if you don't have 100% Positive Feedback? So I ended all my auctions & don't want to sell on eBay anymore. PayPal is making interest off of all moneys that they withold on people from all-over-the-world. I am very unhappy about this. I only had one dispute against me which doesn't make me a high risk seller.....How many other sellers are being treated this way????

[karl*katz]

Even with 100% feedback they could still hold your money for 21 days.

And they are not earning interest on it.

There were several law suits launched over this in the United States and paypal furnished documentation showing that the money was held in non interest accounts.

The official paypal policy is here.

https://www.paypal.com/ca/webapps/mpp/security/paypal-funds-availability

[pierrelebel]

"PayPal is making interest off of all moneys that they withold on people from all-over-the-world"

That is incorrect.

Money withheld from sellers (as per stated policy) is kept in trust non interest bearing accounts.