ebay ripping off sellers with new payment scam

[direwolf]

I'm glad ebay finally ditched PayPal, but unfortunately they've adopted their illegal tactics. 

I sold an item on Wednesday, they wanted my banking info and I gave it to them.  They said it would take two days to get my funds.  Today (Friday - two days later) I got an email saying that I hadn't filled out the requested info.  This time they wanted new info - info they didn't ask for in the first place.  Then they said it would take ANOTHER two days to get my money - that's Sunday, I can't ship on Sunday.

Meanwhile, my dashboard says I'm late with shipping?! 

IOW, my seller rating will slip because of *EBAY'S* delays.  It's obvious that they're just playing games with the intent of keeping my money in their pocket as long as possible.  

I am not comfortable giving ebay my bank account information in the first place, but I have no choice if I want to sell on ebay.   I have no recourse if I have a dispute with ebay - not only are they are judge, jury, executioner and banker, but they've already got my money in their pocket. 

That's blatant monopoly behavior.  

If you're unhappy with this newest scam, write to your state attorney general's office.  It's not like ebay will change their behavior just because you're unhappy about it.

[mam98031]

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@cosmicstuff2010 wrote:

I'm patiently waiting for law suits and TOTAL accountability from these criminals. Holding monies in the tune of millions a day is criminal at best. Rest assured it's being processed in a holding company or ten, off shore and fully garnished with daily interest dividends. The kick backs must be exponential.

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Interesting.  You should look outside of Ebay.  Ebay is not the first site to have their own money processing system.  They are actually the last of the bigger sites to do so.  MP is not new to the internet, just new to some sellers.

Especially sellers that have only sold on Ebay.  This MP business is a very big surprise, but for those of us that sell on multiple sites, we know it is pretty common.  Venture out and take a peek at the payment policies of other sites like Amazon, Etsy, Mercari, Poshmark, Offerup, etc.  Some are very close to the MP system on Ebay others are even harder to deal with.  

@cosmicstuff2010 

[kyv-7]

hmmm yes but they didn't tell us they were going to withhold paying sellers and hang onto millions worth of our customers money in some cases for over a month though did they.

[mam98031]

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@kyv-7 wrote:

hmmm yes but they didn't tell us they were going to withhold paying sellers and hang onto millions worth of our customers money in some cases for over a month though did they.

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Where did you read that they were holding that much in seller funds?  Is that a guess, assumption or did you get it from somewhere?

[kh-jean]

Hi 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.