Quote:
Originally Posted by Leon
I wonder if they are trying to make money on the float period? Three days with millions and millions of dollars of interest might amount to something. Hard to understand, but Money is always the answer.
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More than likely.
They are actually holding the money for an average of 7 to 10 days since the funds are not released to the seller until 3 days after confirmed delivery. So, the interest on that is probably pretty substantial.
I can totally understand if the policy was in place for new sellers, sellers with a track record of returns / problem transactions, or for other situations that merit the payment hold - But to make it a blanket policy even for well-established sellers in good standing, most likely means it is in place for eBay to make interest off the funds.