Not even 10 days ago I wrote a post about the eBay (NASDAQ: EBAY) boycott. Well, now that fire has died out, eBay seller’s have turned their attention to another aspect of the controversial set of policy changes, a proposed plan to hold payments for up to 21 days through PayPal.
The change is meant to protect buyers from fraudulent, lazy, or lying sellers. Suspicious wagging tongues are sure this move is a secret agreement between eBay and PayPal, as the broker earns interest on all the money it transfers. Analysts and PayPal assert the money accrued from interest is minimal and hardly enough motivation for the move.
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