Re: State board levy against Amazon suspended account? Quote:
Originally Posted by GhostOfAmazon At least Amazon wouldn't be getting interest on it.
I think the point is revenge/payback, not getting an advantage himself.
They hold the funds to gain interest. It's dirty. | The "real" reason for the 90 day hold is that buyers have 90 days to submit an AZ Claim and Amazon doesn't want to risk having to pay out a single penny to uphold that policy. Amazon does gain some interest, but we're talking about a company that does this for $500 holds for most sellers and the occasional $20,000 holds - it's not making a "killing" doing it when their revenue is as high as it is.
That said, it still feels "dirty" to me. Especially if you got suspended for a reason that doesn't apply to fraud (bad shipping/CS performance but not a bunch of "not as described" claims).
Oh and if you do successfully figure out how to do that - I have a feeling lots of people here will be very happy. Fortunately, I haven't had that happen in a year (when I had $22k and $10k locked up) due to changes in how I do things. Also, if you have good credit, apply for a couple 0% credit cards - that should cover your expenses to $20k for the time being. That's what I did anyway. HELOC is also great if you have equity.
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