30 DAY HOLD ON FUNDS | Selling

freakona4 · 2022-10-26T03:56:47.588000Z

We sold a brand new collectors item, Star Wars Phaser signed by William Shatner, on October 20, 2022 for $1,500 to a friend who is a Star Wars seller and collector who lives in Iowa. I was told the funds would be available when the item was delivered on 10/24/2022. I called eBay today on 10/24/2022 and spoke with a gentleman who told me the funds would be on hold till November 4th, 2022. I requested that the funds be released because I need my money and I'm an 85 year old handicapped woman. The gentleman checked and came back on the phone and said it's going to be released in a few hours. The funds were not released all afternoon so I called back this evening and spoke to a female representative who said that they're going to hold on to the funds for 30 days because it's a larger transaction amount. I requested to speak with the manager who refused to help me out and also stated that the funds are going to be on hold because it's a larger transaction amount. We have already sold 10 different items and have 100% positive feedback. There is no law or statute anywhere that gives any company a right to hold on to somebody's money whether it's a large or small amount. The item was delivered and actually picked up at the post office by our friend who purchased it. I need my money to make a car payment or my vehicle is going to be repossessed! I sold this item because I needed the money to survive. My funds that have already been paid to eBay for an item that has already been delivered are going to be on hold for 30 days!? I have bills to pay. eBay stated they no longer use PayPal for transactions because of the previous problems associated with doing business with PayPal. So now eBay is just doing the same thing and for absolutely no reason. EBAY NO RIGHT TO HOLD ON TO PEOPLE'S MONEY WHO HAVE CHOSEN TO BRING THEIR BUSINESS TO EBAY AS AN AGENT FOR THE SELLER TO SELL THEIR ITEMS. THE ITEM IS SOLD, THE BUYER HAS RECEIVED THEIR PURCHASE, AND EBAY WANTS TO HOLD ON TO THE FUNDS THAT WERE PAID TO THE SELLER FOR 30 DAYS.

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