PayPal and eBay
Held $1209.33 From Online Sales, Demanded Proof of Sale

PayPal placed a hold on $1209.33 of my money from items I sold on eBay. They sent me an e-mail explaining that I must provide proof of sale for the items I sold, as if I were a criminal. This is a privacy issue as far as I am concerned. I have a right to protect how I earn my money and not give away my trade secrets.

PayPal is only an accounting business, not a bank, law firm or police department. They are not licensed to even make money off interest from sales. They need to be federally regulated. The Attorney General needs to look into these matters:

1. What percentage of accounts are placed on hold for 180 days?
2. What happens to the funds when this is done?
A. Do they move these funds on the market to make a profit?
B. Do they move these funds into an escrow account?

If the funds are moved, are they obligated to pay interest on the funds that are locked away from their customers? I received a final letter from them saying they will no longer do business with me. Does that not terminate my account, and on demand must they not return my money from the items I sold?

I have letters from all my buyers, and every buyer was very satisfied with the items I sold them. Any chargebacks that could be filed would be past the date of sale, even if that were not the case. It would not matter, because PayPal does not pay for chargebacks, since they are not a bank.

So let us define what PayPal is: a third party that takes money and makes money off that money. Sort of like a bookie? The Mafia? Defined perfectly.

Company: PayPal and eBay
Country: USA
State: California
City: San Jose
Address: 2211 N First St
Phone: 4029352050

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