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10-26-2011, 04:12 PM

egbeachley egbeachley is offline

Eric Bea.chley

Join Date: May 2009

Posts: 920

Quote:

Originally Posted by Ronnie73

Ebay just wants to make interest on everyones money for a few days before they turn it over to you.

I hear this often, but I seriously doubt this has any impact to their decision. With the 1-month LIBOR currently at around 0.02%, if they withheld $600 for 3 days the interest would be almost exactly 1 cent.

Yes, I'm sure it adds up over time. But the amount they lose if just 1% of the people who have their money delayed were to stop listing would be far more than they would ever make on interest.

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