3 ms·
Why not keep the money in an interest bearing account and give the interest to the people who own the money? It's not so much about eBay earning interest, it's
by SoftwareMaven 15y ago
Why not keep the money in an interest bearing account and give the interest to the people who own the money? It's not so much about eBay earning interest, it's about me not earning interest (among other things). eBay not earning interest doesn't fix that.
- Lazare 15y agoWhat eBay is trying to do is protect themselves from the allegation that they are flagging accounts so that they can profit from the interest on the float. The easiest and cheapest way to do that - for them - is to simply hold the float in a non-interest bearing account. By contrast, giving the interest to the sellers would add a lot of paperwork and complications relating to taxes and such.