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on 05-05-2021 07:42 PM
I honestly thought your original post regarding AML/CTF was jovial sarcasm.
I've been dealing with Aus. track (there's an irony - that the department name cannot be correctly typed here in this forum ) since about 2004-05 , when they were restricting my faxed manufacturing import order transfer requests from o/s, and in turn delayed such transfers requiring posted letter request instead.
All the while, as it turns out , the large corporations were running rampant.
If you're implying that by charging a new 2.5% fee for overseeing an Australian bank to bank transfer eBay are attempting to rid the evil of money laundering or that their decision has been forced upon them by Govt regulators, then I'd surely like to see conclusive evidence of that. Especially given PayPal continues to conduct business within AML laws. Unlike eBay, PayPal is also registered with and governed by Australian financial institution regulatory bodies.
May I suggest this gutterpunkz05 , next time you need to do a bank transfer of say $1000 to someone I can manage it for you for a 2.5% fee. You can pay me the $1000 and I guarantee I will then forward that payment on. I understand your transfer to me is free under banking regulations, and my onward transfer is also free, however my 2.5% would possibly be a pleasing option for you , especially given I can describe it as an "enhanced ~buying and selling~ experience"
I have no doubt it has been instigated to enhance eBay Australia profit margins. I also have a feeling that this, coupled with recent format changes, may have been a shot in their own foot for eBay.