Quote:
I've found that eBay and PayPal are very serious about protecting their buyers.
They'll probably not immediately release the purchase money paid to this new seller.
This seems to be their practice.
And they thus have enormous leverage with respect to the transaction - they are in control of the funds for a length of time
immediately following payment. The seller isn't.
Quote:
Do you know how long this policy has gone on, or whether it applies to all sellers? I was scammed a long time ago, but I can definitely buy with more confidence if Paypal maintains control of the funds now.
I'm not sure how long it's been in effect; I'd say at least a year now.
And it doesn't apply only to new holders of PayPal accounts - even long time account holders, if they begin having issues with their account
(such as an overabundance of buyer complaints), PayPal will not allow that account holder (eBay Seller) to withdraw funds from the account.
In other words, PayPal will put a "hold" on the funds for a time.
So if a genuine issue develops, and an eBay Buyer files a complaint in the PayPal Resolution Center (which must be done in a timely manner)
against that Seller, eBay/PayPal are in control of the funds. If they decide in favor of the Buyer after looking things over and hearing from both sides,
they can simply send the "held" funds directly back to the Buyer.
It's all spelled out in PayPal's "Terms of Use"; there are no unfair surprises for the crooks who would attempt to scam buyers on eBay.
(BTW, I'm assuming everyone here is aware that eBay owns PayPal.)