Managed payments are daylight robbery

[pbes9548]

So today after waiting 5 days for ebay to give me some clarification of why there is a hold on my account I spent over 40 mins with a 'team leader' from ebay on the phone who basically could not answer any questions.

I have 100% feedback on nearly 600 items but they have no idea why its blocked. The guy basically told me that a computer makes the decision, and the team that review the decision do not have phones? EBAY is descending into absolute clown world.

I'm sorry but I'll just say it as I see it, this is a massive con, a way for ebay to hold funds and make money on them whilst sellers once again get screwed over.  They can't even explain why they do this. Total and utter cowboys.

[tressygirl]

eBay do not hold the money,  they have no facility to,  they are a selling platform.

The main delay lies with your bank.

eBay take 1 - 2  business working days to take their fees and your bank then takes 1 - 4 business working days to process those funds.

Being a weekend it will delay the process further.

I'm no banner waver for Managed Payments,   preferred Paypal, but it's here to stay,  and  I found once eBay told  me the money was sent to my bank,  it was there in less than 24 hours.

So seems some banks work more efficiently than others.