posted on December 2, 2005 10:53:12 AM
eBay to Dip into PayPal Accounts of Deadbeat Sellers
By Ina Steiner
AuctionBytes.com
December 01, 2005
eBay said it is making changes to its User Agreement, including the addition
of a policy allowing it to collect overdue balances (more than 180 days old)
from its seller's PayPal accounts. The new policy is effective immediately
for new registered accounts and takes effect for users with an existing eBay
account on February 1, 2006.
posted on December 2, 2005 11:56:19 AM
Now, what would be impressive is if they would somehow come up with a way to place a hold on a PayPal balance when a bidder places their bid -- or some sort of what to help move the purchase process along (and seriously minimize those deadbeats everyone hates here -- the buyers who don't "buy" anything...
Wayne
Never explain -- Your friends do not need it and your enemies will not believe you anyway.
~ Elbert Hubbard
posted on December 2, 2005 12:10:34 PM
Since so-called "deadbeat sellers" have their selling accounts frozen LONG before it ever gets to the 180-day stage, eBay must be thinking they're using their PayPal accounts for non-eBay transactions.
I'm just trying to think what those might be.
Hey, if "deadbeat sellers" are doing good business elsewhere using PayPal, I sure want to know where.
