a2retro

To: comp.sys.apple2
I thought I would try selling a few Uthernet cards on eBay.
It has been awhile since I have tried selling anything through their system.

I sold my first one today only to find out they now plan on holding all
my sales for 21 days after the transaction is completed but I am
expected to ship the item right away.

https://www.paypal.com/ca/cgi-bin/?c...yments-outside

Seems like an flimsy excuse to hold funds for interest bearing reasons
just like the big banks do.

I've been a member for 10 years and have 100% feedback, score of 66.

I am not impressed one bit.

:|

Osgeld

On Sep 9, 7:59*pm, Steven Hirsch <snhir...@gmail.com> wrote:
> On 09/09/2010 08:24 PM, a2retro wrote:
>
> > To: comp.sys.apple2
> > I thought I would try selling a few Uthernet cards on eBay.
> > It has been awhile since I have tried selling anything through their
> > system.
>
> > I sold my first one today only to find out they now plan on holding all
> > my sales for 21 days after the transaction is completed but I am
> > expected to ship the item right away.
>
> >https://www.paypal.com/ca/cgi-bin/?c...curitycenter/s....
>
> > Seems like an flimsy excuse to hold funds for interest bearing reasons
> > just like the big banks do.
>
> Precisely! *Heads they win - tails you lose. *eBay are ethically lower than
> pond scum. *But, they are the only game in town.

and how much interest do you expect they are getting off of 21 days?
my mom just told me she is dropping her credit uinion cause after a
month it only accrued 76 cents on 10K after a month and its going down
lower than 0.x percent

it takes time to transfer money, and with the obscene amount of screws
now days they probably want to escrow it for a minimum time to cover
their butts + the time it takes to do the deed

hate to say it, but if you dont like it, sell it on your favorite user
group, or forums ... and deal with it in small claims court over
interstate or international

Osgeld

On Sep 10, 7:25*am, Steven Hirsch <snhir...@gmail.com> wrote:
> On 09/10/2010 12:55 AM, Osgeld wrote:
>
>
>
> > On Sep 9, 7:59 pm, Steven Hirsch<snhir...@gmail.com> *wrote:
> >> On 09/09/2010 08:24 PM, a2retro wrote:
>
> >>> To: comp.sys.apple2
> >>> I thought I would try selling a few Uthernet cards on eBay.
> >>> It has been awhile since I have tried selling anything through their
> >>> system.
>
> >>> I sold my first one today only to find out they now plan on holding all
> >>> my sales for 21 days after the transaction is completed but I am
> >>> expected to ship the item right away.
>
> >>>https://www.paypal.com/ca/cgi-bin/?c...curitycenter/s...
>
> >>> Seems like an flimsy excuse to hold funds for interest bearing reasons
> >>> just like the big banks do.
>
> >> Precisely! *Heads they win - tails you lose. *eBay are ethically lower than
> >> pond scum. *But, they are the only game in town.
>
> > and how much interest do you expect they are getting off of 21 days?
> > my mom just told me she is dropping her credit uinion cause after a
> > month it only accrued 76 cents on 10K after a month and its going down
> > lower than 0.x percent
>
> With volume of cash flow that eBay/PayPal maintains, you can earn a sizable
> amount of interest overnight - never mind 21 days. *All enterprises play games
> with cash for this purpose.

fine dont deal with ebay simple isnt it , but there is no need to
instantly assume that is the only sole reason, and start a "down with
the man" rant

Daniel Perez Ojeda

On 10 sep, 01:55, Osgeld <osg...@cheesefactory.us> wrote:
> On Sep 9, 7:59*pm, Steven Hirsch <snhir...@gmail.com> wrote:
>
>
>
>
>
> > On 09/09/2010 08:24 PM, a2retro wrote:
>
> > > To: comp.sys.apple2
> > > I thought I would try selling a few Uthernet cards on eBay.
> > > It has been awhile since I have tried selling anything through their
> > > system.
>
> > > I sold my first one today only to find out they now plan on holding all
> > > my sales for 21 days after the transaction is completed but I am
> > > expected to ship the item right away.
>
> > >https://www.paypal.com/ca/cgi-bin/?c...curitycenter/s...
>
> > > Seems like an flimsy excuse to hold funds for interest bearing reasons
> > > just like the big banks do.
>
> > Precisely! *Heads they win - tails you lose. *eBay are ethically lower than
> > pond scum. *But, they are the only game in town.
>
> and how much interest do you expect they are getting off of 21 days?
> my mom just told me she is dropping her credit uinion cause after a
> month it only accrued 76 cents on 10K after a month and its going down
> lower than 0.x percent
>
> it takes time to transfer money, and with the obscene amount of screws
> now days they probably want to escrow it for a minimum time to cover
> their butts + the time it takes to do the deed
>
> hate to say it, but if you dont like it, sell it on your favorite user
> group, or forums ... and deal with it in small claims court over
> interstate or international

You know, ebay is an international company as PayPal, and they make
their earnings through bank interests in countries like mine
(Argentina) where they get 10% per year, but if they turn dollars to
the local currency, and put it to earn interests from the banks, they
get as much as 35% annually and the exchange rate had been the same
since almost a couple years, so they buy pesos, deposit them, get a 30
to 35% of annual interest (almost 3% monthly) and then buy again
dollars. Imagine such earnings with the volume this companies move
every day. That's their game ;-) .

Daniel

a2retro

To: Osgeld
On 9/10/2010 12:55 AM, Osgeld wrote:
> On Sep 9, 7:59 pm, Steven Hirsch<snhir...@gmail.com> wrote:
>> On 09/09/2010 08:24 PM, a2retro wrote:
>>
>>> To: comp.sys.apple2
>>> I thought I would try selling a few Uthernet cards on eBay.
>>> It has been awhile since I have tried selling anything through their
>>> system.
>>
>>> I sold my first one today only to find out they now plan on holding all
>>> my sales for 21 days after the transaction is completed but I am
>>> expected to ship the item right away.
>>
>>> https://www.paypal.com/ca/cgi-bin/?c...curitycenter/s...
>>
>>> Seems like an flimsy excuse to hold funds for interest bearing reasons
>>> just like the big banks do.
>>
>> Precisely! Heads they win - tails you lose. eBay are ethically lower than
>> pond scum. But, they are the only game in town.
>
> and how much interest do you expect they are getting off of 21 days?
> my mom just told me she is dropping her credit uinion cause after a
> month it only accrued 76 cents on 10K after a month and its going down
> lower than 0.x percent
>
> it takes time to transfer money, and with the obscene amount of screws
> now days they probably want to escrow it for a minimum time to cover
> their butts + the time it takes to do the deed
>
> hate to say it, but if you dont like it, sell it on your favorite user
> group, or forums ... and deal with it in small claims court over
> interstate or international


Why only eBay sales? I do transactions outside of eBay, no with holding.

Like I said both my paypal and eBay accounts are in good standing ...
I feel they don't have a reason to with hold my funds ... they it
appears feel otherwise ...

I just want to make other folks aware as I had not realized eBay/Paypal
policy had changed.

Guess I had better read the fine print next time

IUnknown

On Sep 9, 5:24*pm, "a2retro" <a2re...@a2central.com.remove-10iu-this>
wrote:
> * To: comp.sys.apple2
> I thought I would try selling a few Uthernet cards on eBay.
> It has been awhile since I have tried selling anything through their system.
>
> I sold my first one today only to find out they now plan on holding all
> my sales for 21 days after the transaction is completed but I am
> expected to ship the item right away.
>
> https://www.paypal.com/ca/cgi-bin/?c...curitycenter/s....
>
> Seems like an flimsy excuse to hold funds for interest bearing reasons
> just like the big banks do.
>
> I've been a member for 10 years and have 100% feedback, score of 66.
>
> I am not impressed one bit.
>
> :|

This happened to me as well... but there *IS* hope.

I sold a guitar... for a few hundred $$'s.... paypal held the funds
for 'up to' 21 days.

The buyer left positive feedback on ebay, which according to paypal
*should* automatically release the funds (here comes the kicker).....
when ebay notifies paypal that the buyer was happy. The problem was
that ebay and paypal don't have real-time systems to flag a
transaction as being satisfied, despite the fact that they are
effectively the same organization.

A quick call to paypal and a 5 minute chat with someone of indian
descent fixed the issue. They were able to verify that the buyer had
left positive feedback and the funds were *immediately* released.

So, there are 2 things you need to heed.

1 - make sure to link the paypal transaction to the ebay auction .....
and also put in a tracking # if possible.
2 - politely ask the buyer to leave positive feedback if he is
satisfied with his purchase...... a simple "Hi there. I saw that your
uthernet card was delivered. If you are happy with the card, I would
sincerely appreciate if you could leave positive feedback as to
expedite processing at PayPal"

..... works wonders for me when I sell items on eBay...

Steven Hirsch

On 09/10/2010 09:20 AM, Osgeld wrote:

>> With volume of cash flow that eBay/PayPal maintains, you can earn a sizable
>> amount of interest overnight - never mind 21 days. All enterprises play games
>> with cash for this purpose.
>
> fine dont deal with ebay simple isnt it , but there is no need to
> instantly assume that is the only sole reason, and start a "down with
> the man" rant

http://games.slashdot.org/article.pl.../09/10/1713217

I guess we all have to reach our own conclusions about eBay's integrity and
motivations. Last I'll say on the subject, since this is admittedly off-topic.

datajerk

On Sep 9, 6:24*pm, "a2retro" <a2re...@a2central.com.remove-10iu-this>
wrote:
> * To: comp.sys.apple2
> I thought I would try selling a few Uthernet cards on eBay.
> It has been awhile since I have tried selling anything through their system.
>
> I sold my first one today only to find out they now plan on holding all
> my sales for 21 days after the transaction is completed but I am
> expected to ship the item right away.
>
> https://www.paypal.com/ca/cgi-bin/?c...curitycenter/s....
>
> Seems like an flimsy excuse to hold funds for interest bearing reasons
> just like the big banks do.
>
> I've been a member for 10 years and have 100% feedback, score of 66.
>
> I am not impressed one bit.
>
> :|

Did you ask eBay why? I recently sold something on eBay (2 weeks
ago), got paid (paypal), and spent the dough all before the item
reached the seller. And before I got any feedback.

metronid

On Sep 11, 4:13*pm, datajerk <dataj...@gmail.com> wrote:
> On Sep 9, 6:24*pm, "a2retro" <a2re...@a2central.com.remove-10iu-this>
> wrote:
>
>
>
>
>
> > * To: comp.sys.apple2
> > I thought I would try selling a few Uthernet cards oneBay.
> > It has been awhile since I have tried selling anything through their system.
>
> > I sold my first one today only to find out they now plan on holding all
> > my sales for 21 days after the transaction is completed but I am
> > expected to ship the item right away.
>
> >https://www.paypal.com/ca/cgi-bin/?c...curitycenter/s....
>
> > Seems like an flimsy excuse to hold funds for interest bearing reasons
> > just like the big banks do.
>
> > I've been a member for 10 years and have 100% feedback, score of 66.
>
> > I am not impressed one bit.
>
> > :|
>
> Did you askeBaywhy? *I recently sold something oneBay(2 weeks
> ago), got paid (paypal), and spent the dough all before the item
> reached the seller. *And before I got any feedback.- Hide quoted text -
>
> - Show quoted text -

http://cgi.ebay.com/ws/eBayISAPI.dll...STRK:MESELX:IT

a2retro

To: datajerk
On 9/11/2010 4:13 PM, datajerk wrote:
> On Sep 9, 6:24 pm, "a2retro"<a2re...@a2central.com.remove-10iu-this>
> wrote:
>> To: comp.sys.apple2
>> I thought I would try selling a few Uthernet cards on eBay.
>> It has been awhile since I have tried selling anything through their system.
>>
>> I sold my first one today only to find out they now plan on holding all
>> my sales for 21 days after the transaction is completed but I am
>> expected to ship the item right away.
>>
>> https://www.paypal.com/ca/cgi-bin/?c...curitycenter/s...
>>
>> Seems like an flimsy excuse to hold funds for interest bearing reasons
>> just like the big banks do.
>>
>> I've been a member for 10 years and have 100% feedback, score of 66.
>>
>> I am not impressed one bit.
>>
>> :|
>
> Did you ask eBay why? I recently sold something on eBay (2 weeks
> ago), got paid (paypal), and spent the dough all before the item
> reached the seller. And before I got any feedback.

Paypal is holding the funds because I don't meet all the eBay criteria
on that web page I referenced.

I learned long ago to not waste my time arguing with them about
"policy". Years ago I wanted to use the same credit card on more than
one account. They wouldn't budge and I didn't want to apply for another
card that was only needed to fulfill their requirement in order to get
verified.