Andre81 Posted September 26, 2011 Share Posted September 26, 2011 I noticed lately that, when you open a case, PayPal takes the funds from the seller and then does nothing for weeks and months. PayPal now allows themself 3 weeks for a decision but after 3 weeks I just get an email "we are sorry, we need longer". Last time it took them 3 months (!) to refund my payment. So it seems to me it is now policy at PayPal to just keep the money for as long as possible. Quote Link to comment Share on other sites More sharing options...
Wayne2072 Posted September 26, 2011 Share Posted September 26, 2011 I wouldn't doubt that they are holding it in an interest-bearing account for as long as possible. I know that sounds crazy, but financial institutions do it frequently. And, if they do that to enough people, it would add up over time. This happened to us, though in a different arena, when we refinanced our home. Our previous mortgage company owed us for a payment that occurred right when the refi occurred, plus unused escrow. They held it for a couple of weeks, despite my calling to check on it, as the closing attorney advised me that they would do. Quote Link to comment Share on other sites More sharing options...
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