[CR]Ebay / Paypal policy

(Example: Events:BVVW)

From: Thomas L. Hayes <hayesbikes@nls.net>
To: "Nick Zatezalo" <nickzz@mindspring.com>, <classicrendezvous@bikelist.org>
References: <25314180.1107445063384.JavaMail.root@wamui08.slb.atl.earthlink.net> <092501c50a1b$67ee1c60$4c02f918@home1fankkhk9z>
Date: Thu, 3 Feb 2005 13:42:47 -0600
Subject: [CR]Ebay / Paypal policy

I find it odd with Paypal, though I am pretty sure I understand why they do it, but if one transfers money from a checking account into one's Paypal account, the money is debited from the checking account within three to twenty-four hours, but the money does not appear in the Paypal account for at least five business days. It would seem to me, unless they are indeed getting the play on the money, that if it was debited that quickly it could also be credited with the same speed, but then I teach English and collect bikes, so what do I know?

Cheers.

Tom Hayes
Chagrin Falls, Ohio


----- Original Message -----
From: Retrofan531
To: Nick Zatezalo


<classicrendezvous@bikelist.org> Sent: Thursday, February 03, 2005 12:08 PM Subject: Re: [CR]Ebay / Paypal policy


> I have had it happen to me twice recently...first as a buyer and then when I
> was selling an item.
>
> Turned out the reason it was not an instant transfer, in both cases, was
> that the credit card used as a back-up had expired. Once I updated my credit
> card information, the next payment I made went through as an instant
> transfer.
>
> The buyer was concerned that there was something on my account that was
> keeping him from doing an instant transfer, but when I related my experience
> to him he discovered his cc had expired also.
>
> Frank Phillips
> McAlester, OK
>
> ----- Original Message -----
> From: "Nick Zatezalo" <nickzz@mindspring.com>
> To: <classicrendezvous@bikelist.org>
> Sent: Thursday, February 03, 2005 9:37 AM
> Subject: [CR]Ebay / Paypal policy
>
>
> > Have any of you ebay sellers experienced receiving an e-check
> > for payment and had Paypal hold the funds for 4-7 working days?
> >
> > Paypal is worth the fees to have instant access [well almost] to funds,
> > but the above mentioned practice is ridiculous. Bank transfers occur
> > within seconds and they are just milking a few extra days of interest.
> >
> > I would rather send a self addressed stamped envelope and accept a
> > check than to use this new format.
> >
> > Nick Zatezalo
> > Atlanta,Ga