PayPal Holds eBay Seller's Money for 2 Months

According to one eBay seller, PayPal has not deposited his funds into his bank account in spite of their promises to do so. For at least 2 months, PayPal has, apparently, been sitting on approximately $20,000 belonging to this powerseller with feedback numbers totaling more than 7500 and with over 12,000 transactions since joining eBay on Feb-23-99.

This South African eBay seller says, in part:

"I made arrangements with Paypal some years ago to transfer funds to my US bank account and have been doing so without problems for years. Two months ago the system disallowed this. After numerous phonecalls, emails etc on a few occasions I was told by staff that this would be allowed but they would need to transfer the funds instead of me doing it on the system. I completed and faxed the necessary forms, they acknowledged receipt and said it would be attended to - I have this in writing from them on more than one occasion."

He is desperate for answers and assistance. Following many sleepless nights, he states:

"I have now decided that my only course of action is to highlight my problem to the financial authorities in the US and Singapore as well as financial editors of major newspapers in the US."

He has now become suspicious of PayPal's reasons for holding his funds. [See post #5]

Another longtime eBay member gives him this advice:

"File embezzlement charges against PayPal, and file them now. It is apparent that they have no intention of giving you access to your money. A friend of mine from Okayama (Western Japan) had GBP 6,000 stuck for months (request to withdraw to a Japanese account was stalled, PayPal came up with new excuses on a daily basis). Embezzlement charges remedied the situation."

Is this what it takes now to withdraw your funds from a PayPal account? You must threaten to sic law enforcement on them? First the 21 Day Hold on some sellers' money, using the Safer Payments excuse... now this BS?

No wonder so many people think PayPal sucks.