FEEbay reported to the Federal Trade Commission

[chicompany]

Dear FEEbay,
On 4/14 I initiated a payout. It is now the 18th and we have seen no money deposited into our Nat'l bank acct.
On the morning of the 18th, I spoke with a CSR in your "payouts" dept. and was told that the payout was not initiated by ebay until the 16th - 48 hours AFTER I initiated the transfer.  I am now told that I MAY have access to MY MONEY on the 19th!!!!!

Feebay, you sat on MY MONEY for 48 hours. With the four digits worth of funds I "own" and in addition the thousands of other sellers you do this to, I wonder how many TENS OF MILLIONS OF DOLLARS YOU MAKE IN INTEREST INCOME WITH MY/OUR MONEY!!!!   Yet, for only and "extra fee", you can transfer funds "immediately".....     YOU ARE PERPETUATING A SCAM...... therefore....

On 4/18 You were reported to the Federal Trade Commission for fraud:   Case # 172077072.

Have a nice day.... FEEbay......

[chicompany]

Will look into that.
I understand and accept the 1-3 days transfer window, but FEEbay admitted a delay of 48 hours.....
NUTS!

[12345jamesstamps]

I have "Express Payouts"...took a while to obtain it. But I took like $20. out last night for .25 cents. Not a big cost to received "available funds" 365 days a year after 10PM if you have available funds.

Here's the catch...one has to be clinked into "Tuesday Payouts"....nothing else. Not everyday payouts.

And when one sees"0.00" in payouts...one has to clink and wipe out zeros and add how much money you want. It is now like a savings account for a week...where you can withdraw how much you want before Tuesday at midnight. It was a little complicated at first...but it works cool now.

[bonjourami]

"Yep, you are correct. Just letting others know that if FEEbay "floats your money", they are earning MILLIONS in interest income "on the float" before sending to you."

Those held funds would have to go into an account to gain interest...they dont.

[kensgiftshop]

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@chicompany wrote:

Delaying a transfer is a scam on US.   Money is in FEEbay's accounts; MILLIONS OF $$$  !
They float the money and earn interest income on OUR money.
They DELAYED THE EXECUTION of transfer for 48 hours - TWO days!    Keep in mind, this isn't a person executing the transaction; it is all computer controlled. They say transfer w/in 1-3 business days;   They DELAYED TRANSFER FOR TWO DAYS..... That sir, is the scam and fraud - against their very own policy. 

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Again, did you pay for instant payout?

If not, there's no fraud or scam.

If they say 1-3 days and they did it in two days, where is the problem?

[monroe67]

"On 4/18 You were reported to the Federal Trade Commission for fraud:   Case # 172077072."

Thank you.  This is good to know.  The case number helps us keep track of your report. 
I say "us" as a general word that applies to anybody who reads your post.  
I don't think anybody who really works for eBay will read your post, let alone lose any sleep over it.  

BTW, I'm pretty sure the Federal Trade Commission (FTC) has procedures that will immediately notify eBay's Legal Department/Division about your report.  

[bonjourami]

Im sure the FTC filed that report in the proper receptacle. 

[fab_finds4u]

If I ran the company and you made fraudulent claims against my company to the FTC,  and  besmirched my name (FEEbay)  I would close your account.

[house*of*paws]

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@chicompany wrote:

I did inform FEEbay. Now I am letting the FEEbay community know of a financial scam perpetuated on us all (money floating).

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Hi @chicompany 

But the only response you’re like to get from the Community when you use outdated, juvenile names for eBay is 🙄.

[Your credibility (and age) is automatically questioned … especially when you insert false information about eBay collecting interest on holds.]