Paypal Is Out Of Control

I recently sold an item valued at $1100 on Ebay.

     The buyer did an instant payment through buy it now.  When I tried to withdraw the funds to ship the item, I was told by Paypal that the funds were pending, but was given no reason why.

     After hours on the phone with Paypal and being hung up on twice while trying to speak to a supervisor, I was told my seller account had been "flagged by Ebay".

     I have 161 feedbacks.  Every one of them positive.  I have 100% postive feedback and have been a member of Ebay since 2004.  What possible cause would the have for withholding my funds.

     The item sold yesterday.  I shipped it within 2 hours of the sale.  It arrived and has been confirmed delivered by UPS AND BY EBAY.  I was told by EBAY that they are holding the funds for 3 days because I have not sold an item on Ebay in the recent past.

     THIS IS ABSOLUTELY NOT RIGHT!!!  WHAT RIGHT DO THEY HAVE TO WITHHOLD MY MONEY FROM ME.  I WENT ABOVE AND BEYOND TO SHIP THE BUYERS ITEM THE SAME DAY, SHE ALREADY HAS IT!  EBAY HAS NO RIGHT TO WITHHOLD MY MONEY FOR THIS TRANSACTION.

     Why should they be allowed to sit on $1200 of my money and draw interest on it when they have no justifiable cause to withhold my funds?

     Their customer service people hide behind apologies and say "It's a new policy put in place by Ebay."

     IF THERE ARE ANY CLASS ACTIONS LAWSUITS BEING GENERATED BY EBAY'S NEW POLICY, PLEASE LET ME KNOW.

     They know the buyer has gotten the item I sold.  They confirmed it today. What right do they have to hold fund from me.  Oh, that's right, they OWN Paypal too, so I guess they don't need a reason.  It's a monopoly and they have been allowed to get completely out of control with OTHER PEOPLE'S MONEY!!!!

> THIS NEEDS TO STOP NOW!!!!!

Tonya

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