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FEEbay reported to the Federal Trade Commission
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......
kh-christelle
·7 months agoHi everyone,
Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread if you wish to continue to discuss this topic.
Thank you for understanding.
coreygustin
·7 months agoI filled mine
jonathanbrightlight
·7 months agoVery old thread.
fab_finds4u
·2 years agoIf 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.
monroe67
·2 years ago"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
·2 years agoIm sure the FTC filed that report in the proper receptacle.
12345jamesstamps
·2 years agoI 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.
monica-sells
·2 years agoOK...curiousity got the best of me...
How did you 'initiate' a payout (not sure how to do that)
and were the funds available or processing?
Unavailable member
·2 years agoI "initiate" mine using On Demand payouts ...no fee for that. There is also 1-3 day wait for funds to go through depending on your bank. I receive mine within a few hours except weekends and holidays.
monica-sells
·2 years ago@ebooksdiva
is that the method that is not available when you have 'daily' chosen?
I ask because I do not see that option....(I am always learning)
Unavailable member
·2 years ago@monica-sells
That is correct. If you have Daily payouts you can't request an On Demand payout.
chicompany
OP2 years agoWill look into that.
I understand and accept the 1-3 days transfer window, but FEEbay admitted a delay of 48 hours.....
NUTS!
chicompany
OP2 years agoHello,
Go to Seller Dashboard, Payments, Summary
Your Financial Summary
Available Funds - REQUEST PAYOUT
That is how you initiate a manual payout.
Yes, funds were available for transfer.
soh.maryl
·2 years agoPLEASE -- if you have an actual complaint about eBay, you need to direct it TO eBay.
When you post here, you're addressing a large group of eBay buyers and sellers, not eBay itself or its employees.
chicompany
OP2 years agoI did inform FEEbay. Now I am letting the FEEbay community know of a financial scam perpetuated on us all (money floating).
kensgiftshop
·2 years agoWhere's the scam?
Unless you paid for the instant payout, there is no scam.
chicompany
OP2 years agoDelaying 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.
kensgiftshop
·2 years agoAgain, 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?
house*of*paws
·2 years agoHi @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.]
jameshen1
·2 years agoThe odds of the FTC doing anything with this complaint are even slimmer.
chicompany
OP2 years agoYour are correct, but we have to take a stand against FEEbay **bleep** somewhere and somehow....
kensgiftshop
·2 years agoWhere is the fraud?
Did you pay for the instant pay out?
buyselljack2016
·2 years agoThanks for posting, but you may want to consider sending that information directly to eBay as these community boards are just comprised of other eBay buyers, and sellers.
The likelihood of "eBay" seeing it is slim.
chicompany
OP2 years agoYep, 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.
bonjourami
·2 years ago"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.