Quote:
Originally Posted by Seminole
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.
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There are certain restrictions on doing that per state because you are in essence acting like a bank.