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Navigating Payment Processes in Our Community
Summary: margcarp-37 initiated a discussion about different payment methods for work, covering topics like direct deposit and digital wallets, as well as challenges such as delays. jacbarcollectibles shared their experience with a platform's managed payment system, highlighting the verification process for sellers and the conditions under which payouts are released. They explained how new sellers might face payment holds initially until they establish a good reputation. This exchange provided practical insights into managing payments efficiently.
Many of us are curious about the different ways we receive payments for our work. Whether you are freelancing, part of a larger organization, or venturing into new forms of income, understanding how payments are processed can be crucial.
Discussion Points:
What are the common methods available for collecting payments? Direct deposit, digital wallets, or other options?
Have you experienced any challenges or delays with receiving payments? How did you resolve them?
Do you have any tips for ensuring payments are processed smoothly and securely?
How do you keep track of incoming payments, and do you have strategies for managing them once received?
Feel free to share your insights and experiences! Your advice could be incredibly helpful for someone navigating this aspect of their work for the first time.
comics-scifi-collectibles
Mentor1 week ago@margcarp-37 Here's how to set up your seller account.
All buyers payments are managed by eBay and sent to your linked checking account. eBay doesn't offer the debit card payout option at first. Debit card payouts do have a $2 fee.
You need to create your first listing directly on eBay to get your seller account set up.
Complete these steps in this order.
a) Draft a listing on eBay, click submit or "list it". The system should guide you through setup. If not, follow these steps:
b) Verify/update/complete your Profile Registration: Name, address, phone number, identity information (profile) on your eBay Account: https://accountsettings.ebay.com/profile
-- Use your Street Address, even if you don’t get mail there.
-- Make sure to use your full legal name and that it matches your bank account and government ID ( drivers license etc)
c) And add a Checking Account ( it must be a brick and mortar checking account) and
Credit/Debit Card: https://ppcapp.ebay.com/myppc/wallet/list
You will need to provide a SS# or ITIN to receive your payouts.
Please check to see if you have BOTH a Checking account marked for "Used for payouts" and a credit/debit card. One of these (bank account or card) needs to be marked for "Preferred for selling costs" I use a credit card for selling costs so that refunds and other fees don't come from my checking account.
Here is a page with everything you need to know to start getting paid on eBay
https://www.ebay.com/help/selling/getting-paid/start-getting-paid-ebay?id=4795
Here is a page with everything you need to know to start selling on eBay
https://www.ebay.com/help/selling/selling/start-selling-ebay?id=4081
jacbarcollectibles
Mentor1 week agoeBay's managed payments system handles all payments from buyers and will also handle payouts to sellers. For a seller to receive a payout they must verify a checking account with the system. The checking account information must match exactly with the sellers eBay information on file. A new seller can have their payout held for up to 30 days until they build a seller reputation for excellent service. Once they have sold enough without any problems eBay will then release payouts about two days after tracking shows the item was received by the buyer. And then if a seller is still not having problems payouts can be made about two to three days after the buyer pays for the item.