I recently sold a luxury watch on eBay and funds were settled through PayPal. Because the item was sold with "no warranty, no returns" the timepiece was sold $2,000 under market value. The buyer confirmed receipt and is fully satisfied with the purchase. However, PayPal has placed a 180-day hold on the funds citing that it has to protect itself against a charge back, even though my eBay T&Cs were "no returns" and clearly known to the buyer. Concurrently, eBay is requesting payment of $750 from me for the transaction fee. I have told eBay the situation and that the sale is not complete until I have received the funds in full. eBay is stating that they cannot control PayPal's hold and are therefore enforcing collections. What are my rights? Is there a commercial code violation?
Ebay no longer owns Paypal... they are separate companies now. Have you talked to Paypal?
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