mam98031 • Volunteer Community Member • Buyer/Seller since 1999
I understand that, however it is processed as I previously described.
Have you ever looked at your own credit card transactions on line. Have you ever noticed there is a section that says PENDING. The items that appear in that section are from places you have placed an order or purchased something from and they pinged your account to make sure you had funds available. Once the vendor processes the transaction it will be removed from the Pending section on your card and move to being a CHARGE on your card.
This is exactly why Ebay MP has a small delay from when you get a payment from a buyer, it appears as processing on your Payments Summary report. It moves to Available funds as soon as the actual transaction clears their funding source. That is when the actual money is moved.
Not a cleared payment. In a blink of an eye they can get an approval for the charge from the funding source, but not the actual money. That happens usually within the next 24 hours, however it can take a little longer depending on the funding source.
It is why we have a Processing money amount on our Managed Payment Summary page and an Available amount [cleared money].
There aren't "instant' payments, they take a little bit of time to get it all correctly processed. This is not just on Ebay. It is the same on PayPal, Amazon, Etsy and everyone else.
@ajs_coins_and_alchemy wrote:Getting ahead of mam here in case she sees my post and corrects me lol 😉 I said cleared payment, I shouldve said approved payment. My bad. Noticed my mistake when I read her post. Cleared generally refers to cleared funds. Approved is the confirmation of order / commitment to pay... or whatever legalese the Financial Industry uses
OMG, I did exactly that. LOL 🤣
Good points again. For me I see it differently. Other similar sites have required payment when you purchase something for years. Ebay is way behind on this stuff. IMHO if they want to buy the item, they should pay for the item.
Now auctions I see a little differently as many times, especially when I use to run them, buyers bid on multiple items, so I wouldn't do it on auctions. But for other sellers that typically only sell one to a buyer, it stops all the non payers they have to deal with.
Certainly a decision for each one of us to make so that it fits our needs. It is not one size fits all.
As for IPR, that has always only been for the Fixed Price on a listing. It has never applied to Make and Offer if that is an option on the listing.
@ajs_coins_and_alchemy wrote:I'm cracking up over here 🤣 I knew the moment I read your post, you would get me on the "cleared" payment, but I'm so glad I beat you to it. That was priceless 🤣🤣🤣
I had to keep my laughter down as my husband is asleep. But dang your post was priceless and it really made me laugh hard. Always a welcomed thing. I love to laugh!!!
@ma-647837 wrote:
@hphepic2 wrote:That’s not true it tells you before you accept the offer here’s a shot of what it looks like. In this case i still haven’t been paid.
I accepted another like it earlier that day and got paid in less than a minute.
Although eBay pre-approved the default payment method and promised you a quick payment
- the automatic payment failed e.g. due to a valid but insufficient credit card which eBay cannot predict
- and eBay has sent the buyer several messages instructing that they manually check out.
Then when they do, the buyer will select a good credit card instead -- or methods not available with automatic payments such as their balance, PayPal Credit, Pay-in-4, etc. -- to pay at checkout.
That's an interesting thought. That would mean when the buyer puts in their funding source when they make the offer, Ebay doesn't ping it for authorization. I did not know they skipped that step on these transactions. Thank you for sharing. Would you share where you got that info from. I'd like to learn more.
