I would like to check on the money that you are holding for a recent eBay transaction. I tried speaking with your virtual agent, Sarah, but she carefully skirted around the issue by pointing me back to the eBay Learning Center when I kindly asked for the hold to be lifted. Since it appears that I have to wait for the hold to be automatically lifted 3 days after delivery confirmation, or 21 days from the payment date, I would like to receive regular updates about how my money is doing.
You see, these days one never can be too sure what a pseudo-bank might be doing with one's money, which is why I chose to require immediate payment for my eBay item to begin with. So, after paying you $27 for the convenience of putting a hold on my money in an account that bears a breathtaking .32% interest rate, I think I should be privy to exactly what you are doing with my money. AIG seems to be still selling credit default swaps for instance, and to some toxic assets are as exciting a risk/reward opportunity as the next big penny stock run up. I'd like some assurance that the big brains at eBay are not trying to squeeze every penny out of sellers like me by entering in to a risky proposition with my money by drumming up some "marketplace safety" spiel to make margin by putting large payments in to a 21 day escrow to compensate for lost sales-- or worse, funding ridiculous executive compensation to people who think its a good policy decision to keep my money for a month.
How's this for a good idea: my Paypal account is attached to my credit card. Should there be a dispute, you can charge back the amount of payment and put it in escrow until such time as the dispute has been settled. That way, I get my money, and the buyer gets the same assurance. Brilliant!
Sincerely, Rob
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