New Crap From Paypal: Important Read For Sellers, Seems They Are Going To Control Your Money |
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New Crap From Paypal: Important Read For Sellers, Seems They Are Going To Control Your Money |
914Sixer |
Nov 28 2023, 05:55 PM
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#1
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914 Guru Group: Members Posts: 8,989 Joined: 17-January 05 From: San Angelo Texas Member No.: 3,457 Region Association: Southwest Region |
I got this notice from Paypal. IF your sales exceed $2K a month they CAN HOLD your money for up to 21 DAYS (3 weeks) for the amount OVER $2K. (IMG:style_emoticons/default/WTF.gif) I applied to up my amount to $5K. Said they would get back to me. IS this the IRS going after you and me? Back to checks and money orders
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jim_hoyland |
Nov 28 2023, 09:54 PM
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#2
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Get that VIN ? Group: Members Posts: 9,418 Joined: 1-May 03 From: Sunset Beach, CA Member No.: 643 Region Association: Southern California |
It may be a play to earn overnight interest on all that money they are holding.
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Mikey914 |
Nov 29 2023, 12:34 AM
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#3
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The rubber man Group: Members Posts: 12,711 Joined: 27-December 04 From: Hillsboro, OR Member No.: 3,348 Region Association: None |
It may be a play to earn overnight interest on all that money they are holding. Used to be a thing. I actually flew bank checks for Ameriflight for about a year. The small branches would consolidate in small townsm fly into Portland. Portland, San Diego, and LA would fly to San Francisco, to the Federal reserve, and the then They would be flown to a destination mid US for exchange with the East coast and central check, and fly back. At the end, the trans cons could have over a Billion dollars worth of checks. Not quite the same now. The interest alone made economic sense to operate the planes. |
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