Security of PAYPAL

eCheques not cleared

After almost 2 weeks, the problem associated with paypal australia echeques is still not resolved. Unhappy ebays who were paid with echeques on the 23 October still have not been able to receive their money from the ebay buyers who purchases items.

Communication to the ebay buyers has resulted mostly in an understandable response, however the Australian public were told that paypal is safer and that seller receive their money faster. It was highlighted at the time that echeques can take up to 1 week after the buyer has paid, however the buyer is never told this.. Paypal should send a email to the buyer stating that "as you have paid by echeque, then we will keep the money in our account for up to one week before passing the monies onto the seller".

As reported in Auctionbytes this is not a isolated incident and is impacting many ebayers, however on auctionbytes it is inferred that this problem is related to IRS reporting, however this is also impacting Australian buyer who have noting to do with the IRS or the US tax system.

This morning Australian ebayers woke up to a new message to indicate that their ebay account has been credited to the amount which is being held by payapl and when the monies are clear in paypal then the money from paypal will be debited... Do ebay truly believe sellers are going to send the item when they have not received the money just because ebay has credited their account with the amount which is missing in paypal... No thankyou ebay we will wait to for the money to clear and shoudl you take any longer then we will be asking the buyer to cancel the payment and pay by normal bank deposit (a far safer and faster method to pay ebay sellers...)

written by One on One Training

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