Re: eBay going to 100% electronic payments only
If I'm not mistaken, Ebay owns paypal.
...ebay collects its listing fee from the seller, then collects its % at the completion of the auction, then paypal takes 3% from the total the seller receives, and finally if the seller is slow to request paypal to transfer the money to their personal bank account it sits in the paypal account ( and guess who's making the interest on that $$?)
and finally when you request your money transfered from your paypal account to your personal account, it takes @ 3days...can you say float?
I think thats it in a nutshell.
Seems like the time would be ripe, as stated earlier, for a "new" motors type auction service...but would it too be forced to be as forthcoming with the government?
I think this is going to hurt Ebay's bottom line in a BIG way.
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Dave C.
68 SS396 Camaro
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