blondie

Interview with eBay CEO and CFO at Goldman Conference

Ebay is nothing more than a HUGE monopoly! They feel they have the right to dictate every move their sellers make, while trying to gain more trust from their buyers. Ebay has done the exact opposite! First, they are not your buyers, they are MY buyers. Taking away someones right to leave feedback, yet allowing the buyer to leave any type of feedback they feel is appropriate is slowly backfiring on Ebay. And if the feedback changes or the outrageous fee's don't get you, just wait, PAYPAL WILL!!! Being a Power Seller myself and selling over $16,000 a month, I found myself paying $3,000+ a month in Ebay fee's and another $7,000 a month in PAYPAL'S NEW 21 DAY HOLDS!!! To make this short and sweet, the $7,000+ that Paypal held, they can issue refunds to those buyers. I REFUSE TO SHIP MERCHANDISE THAT I HAVEN'T BEEN PAID FOR, PERIOD!! EBAY AND PAYPAL'S NEW 21 DAY HOLDS ARE NOTHING MORE THAN A SCAM!!! Basically, they say they will hold the funds for 21 days or until you receive positive feedback, BUT IF YOU SO MUCH AS BREATH WITHIN THAT 21 DAY PERIOD, GUESS WHAT?? EBAY AND PAYPAL NOW HAVE THE RIGHT TO HOLD YOUR FUNDS FOR UP TO SIX MONTHS. ISN'T THIS FUN?? When I refused to ship items that Paypal held the funds for, Ebay then suspended me. The same day, Ebay and Paypal sent emails to every customer telling them to file a dispute and request a refund. Several of my customers emailed me this email and it disgusts me! Being a Power Seller, I sold up to 100+ items week. So, now I have almost 100 sellers that have paid for items that will never be shipped to them. What is even worse, when I log in to Paypal I now see they have released some of the funds that were on hold and didn't refund the customer. Why? Paypal and Ebay now say I owe them over $11,000.00 and my response to that is "NO, NO, NO EBAY AND PAYPAL, I WOULD NEVER KEEP YOUR MONEY, I'M JUST HOLDING IT FOR 21 DAYS. THIS IS BETTER FOR YOU AND WILL HELP YOUR CUSTOMERS TO FEEL SAFE. IF YOU BREATH DURING THIS 21 DAY PERIOD, IM SORRY TO SAY I WILL HAVE TO KEEP THE FUNDS FOR UP TO SIX MONTHS OR UNTIL THE MATTER IS RESOLVED. YOU WILL SEE IN THE FUTURE THIS WORKS BETTER FOR ALL THE EBAY SELLERS AND BUYERS. How does it feel Ebay and Paypal? You will not get a dime from me, ever! If anyone knows of a class action suit that has been filed please let me know and I will be one of the first to jump on board!! No more will Ebay or Paypal take advantage of me, my customers or MY MONEY!!

HEADS UP-
If you have a Bank of America account, watch out because Paypal uses Bank of America. If you try to contest the charges that Ebay and Paypal will try to take from your account once you have been suspended, it will be a lot harder because BOA is PRO-EBAY and Paypal. In my opinion, they are all three scum of the earth!! You can Google Bank of America, Paypal and Ebay and you will get page after page after page of complaints! Be careful!!
Blondie