elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
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| Posted: Sun Jan 08, 2012 8:53 am Post subject: Paypal ‘not able’ to comply with new EU Law |
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Jane Bell is one of the top eBay Education Specialists in Brirtain and provides consultancy to a host of eBay businesses. Today she looks at PayPal:
Watching BBC Breakfast news this morning, it’s been reported by Paul Lewis of BBC R4′s MoneyBox that Paypal is unable to comply with the new EU law requiring electronic bank transfers to arrive in the recipients bank account by the following day. Paypal say they will not have the system in place until later in the year so it will still take 2-3 working days for money to transfer. Paul Lewis advised people who have complaints regarding Paypal (who declined to comment on the programme) and these later payments should contact the Ombudsman. Pod cast of programme here (article 6:35 in Paypal 11:38 in)
I have to ask why Paypal didn’t get this sorted out in time and why they should be the exception to the rule of law? I can’t think of any excuse, if other financial businesses managed to sort it in time why haven’t Paypal? Oversight? This just isn’t good enough, perhaps the amount of interest they will gain by late implementation of this should be forfeited.
http://tamebay.com/2012/01/paypal-not-able-to-comply-with-new-eu-law.html |
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