PayPal Glitch Freezes Sellers’ Cash For Weeks
October 16, 2008 · Filed Under eBay News, Online Shopping
A problem with some PayPal payments being held by the company was just a glitch, not a cunning plan to claw more money out of buyers.
Earlier this year PayPal introduced a scheme to flag certain transactions it regarded as suspicious. Payment for items where eBay determined the buyer might be dissatisfied would be held for 21 days, or until the seller received positive feedback from the buyer. Then the funds would be transferred.
This article from The Register 16 October 2008
Read more of this article at The Register site.
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