eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home

eBay Suspended & PayPal Limited Forums

eBay Suspended & PayPal Limited Forums (https://www.aspkin.com/forums/)
-   PayPal Talk (https://www.aspkin.com/forums/paypal-talk/)
-   -   Paypal not paying interest (https://www.aspkin.com/forums/paypal-talk/117159-paypal-not-paying-interest.html)

Kajunrook 05-03-2018 10:56 AM

Paypal not paying interest
 
How can Paypal get away with not paying interest on money they are holding for 180days. Just curious. I bet it is in tens of million dollars.

JamesNorth101 05-03-2018 11:02 AM

Re: Paypal not paying interest
 
Its in their terms and conditions just like everything they get away with

nickopedia 05-03-2018 11:02 AM

Re: Paypal not paying interest
 
Simple, one big reason is because they don't have to. They are not a traditional bank, and they are not required to as per their User Agreement.

yankee 05-03-2018 11:03 AM

Re: Paypal not paying interest
 
Same way as all other credit card processors. By-the-way, paypal is the most LENIENT.

ebaystealth1974 05-03-2018 11:09 AM

Re: Paypal not paying interest
 
OFF TOPIC:

The IRS owed me some money, once, and also paid me interest on it. I thought that was weird!

phaz0rz 05-03-2018 11:35 AM

Re: Paypal not paying interest
 
When they were first starting out, they paid interest on balances held in Paypal (on regular accounts, not sure about limited accounts). At some point over a decade ago they decided to stop doing that, and instead use it as an extra cash stream for themselves.

Learned this from yankee. Surprised to see him not mention it.

yankee 05-03-2018 11:42 AM

Re: Paypal not paying interest
 
Paypal Money Market.....I used to leave huge balances in paypal back then. Huge interest rates. Then they did not have card limits or sending limits so I just used paypal as my bank for business and daily purchases.

That was a while ago....The good old days :) Now I dont leave many dollars :(

Verificationguy 05-03-2018 01:52 PM

Re: Paypal not paying interest
 
paying interest is not a law lol its a term or agreement


All times are GMT -5. The time now is 01:46 AM.

vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger


Aspkin Group

All times are GMT -5. The time now is 01:46 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58