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      09-06-2012, 11:03 AM   #18
smyles
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Drives: X5
Join Date: Jan 2012
Location: DC


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Quote:
Originally Posted by Seminole View Post
Not sure what their policy on holding money is, but it's a brilliant idea on their part. How many millions upon millions of dollars worth of items gets exchanged on Ebay each day? If they hold the money for X number of days and deposit it in a short term CD they could be earning a ton of money off the interest (depending on the amounts deposited and rate they get) all while the sellers sit around waiting for their money.
Have you checked the LIBOR lately?