Re: Payout Times on Suspended Account
Ebay set up Billpoint with Wells Fargo Bank so buyer could use credit card to pay sellers,before Billpoint,sellers would take cash,money order,personal check.
Then Paypal moves in and offered $10 if you open an account and another $10 for referring someone to sign up with PAYPAL,finally Ebay just bought Paypal and retired Billpoint.
Then Ebay is no longer a growth stock and to beef up profit,they decide to spin off Paypal and use Ayden instead,by doing so,Ebay is able to collect a few pennies more from each transaction.
I dont know if Ebay profits from the spinoff,it should be in its annual report if there is any gain or losses doing so.
Billpoint is worthless,just a few clerks managing the desk and many sellers were scammed when buyer used stolen credit cards,some retails stores which sell designer gowns were scammed by an Eastern European buyer,one store was completely wiped out,they hired a lawyer to go after Ebay,I dont know the outcome.
Paypal went thru its own learning curve as well with Russian scammers .
Ayden has its own website ,you can fnd it online
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