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RE: The Life Of An Entrepreneur....You Get Punched A Lot!
I am wondering though...is it legal to hold your funds without any explanation or justification? I mean, you cannot refuse that is absolutely in their right to deny their services to somebody but keeping somebody's money is something altogether different!
The fact that they have been known to hold on to other peoples money for lengthy periods of a time was the first turn off I had from them and that was way back around 2005 when I sold something on ebay and they decided to hold my money for 30 days even though I had already sent the item, they have been doing it for years.
Hmmm...perhaps for eBay they can be justified in doing it because of the money back guarantee they give to customers. The guarantee, if I remember correctly, extends also to not be satisfied with the item..etc.
I suppose it was a good idea at the time and they meant well, however it still does not justify holding money which is not rightly theirs, if you are running a legitimate business or selling to the public there are all ready laws in place for guarantee's, refunds etc.
Oh they will say...You agreed to our terms and we can do whatever we like. What's sad, is that we're not the only company that has had this happen to them. Scary how much control one company has...
Jon, I don't know of course the money involved, and if it's worth it, but have you asked for a legal advice?
Even contracts can sometimes be void if they don't take into consideration the interests of both parties. I am not a lawyer, of course, and the little I know is from Cyprus law...which was based though on English law.
We're thinking about it. But honestly, they have much more powerful lawyers and could out 'counsel' us anyday.
Yes, that's true! ...it's a battle that even if you win, the victory could prove to be a Pyrrhic one! I mean financially.