Yeah don't do it. Long holds on funds, although when I was using them in large volumes I was getting funding from Amazon in the form of low interest loans up to about $200k when banks said no.
But you open yourself up to fraud and the holdings, which are worse than PayPal. At least with PayPal you can use balance to spend on whatever, or withdraw. Amazon payments not the case.
Welcome to the forums OP - as Micky stated, all info is on the website. Make sure you read the website well before diving into Amazon - it's not for the faint of heart.
Long holds on funds, although when I was using them in large volumes I was getting funding from Amazon in the form of low interest loans up to about $200k when banks said no.
So, let me get this straight. Mobazon 'puts a hold' on your money and then they are kind enough to charge interest for lending you your own money?
Still, I don't think their loan would be for the whole $200k either.
What a great business model! 1. Force sellers to lend them money at 0% for 'security reasons', 2. Lend money back with zero cost and zero risk, 3. Cashiiing.
Last edited by rfloubo; 12-29-2015 at 01:59 PM.
The Following User Says Thank You to rfloubo For This Useful Post: