Now that eBay has eliminated PayPal, they deposit your money in your bank account after a 3-4 day delay. American Express made a fortune playing with the float time they created between the receipt of payment and the payout. eBay's lowering of the fees related to payment is more than compensated for by the profits they will generate with the float. We can always hope that another player will enter the market place to compete with eBay. Only through competition pressure will eBay return to respecting their customers.
Done selling on eBay, they are demanding my social security number to sell
They are forcing everyone into what they call "Managed payments" that requires you to give them bank account information and your social security number. Looks like I'll be selling here from now on. I know I gave it to PayPal years ago so they have it, but I'm done giving it out. I called and the rep told me they are legally required to have it in order for me to sell. That is a load of crap.
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- 51 posts total
- 51 posts total