PayPal and eBay
I get a notice yesterday from eBay to continue selling that I have to connect a bank account to eBay, so that, payment of fees, charges and expenses can be managed directly by eBay. No more PayPal payments processing fees or separate monthly fee payments. I sell a few coins on eBay as part of my collecting but i am not sure that I want eBay with direct access to my bank account.
Today I get a notice from PayPal that they are putting a hold of a recent eBay coin sale of $600 because of account inactivity. I have over 30 transactions since the first of the year, but I have not sold any coins in the last 30 days. In the last 5 years I have sold and purchased over 60K using PayPal, but still get a hold for a $600 sale.
I guess the good news is that effective May 21st PayPal won't be able to put a cash hold on a sale of a coin.