Paypal at one time was a great service for customers and sellers to use for their eBay purchases. It was fast, convenient, and easy to set up. I have used Paypal myself to purchase items from eBay, and enjoyed the experience. However, if you are a seller on eBay and with to use Paypal, you need to be aware of feature within Paypal called Rolling Reserve, which will hold 30% of your transaction revenue for up to 90 days. As any business would agree, having your funds limited for this length of time would cripple, and in the end, destroy your business. Paypal’s excuse? It is for your own protection.
Posts Tagged ‘Scam’
Late Thursday evening President Obama signed into law an extension for the Cash for Clunkers program. The extension allows an additional $2 billion in funding to the already $1 billion that apparently already spent. The Senate voted 60-37 to approve the extension late Thursday Evening. It is unknown how long the money will last.
When the cash for clunkers program was implemented, I did not have much opinion on it. I did not give it much thought, and figured it was a way to get old cars scrapped and to get more environmental friendly cars on the road. On those points I did not have a problem, and would have considered using the program if I had an old car that did not run well, and I was in the position to buy a new car. Today I got an e-mail stating the Cash for Clunkers program is in part a scam for the government to gain access to your computer and your files, legally.