Can someone explain the new pymt terms in simple English?!?!

[sergio_a_aguirre_jr]

I get all the Legal jargon!! But for those who don’t have 7 hours to read and decipher it the Ts and Cs.

Can eBay simplify by explaining in 5-10 bullet points?

[mtgraves7984]

I've been in for a year-and-a-half. I don't think it can be explained in 5-10 bullet points. Give us your 5-10 questions...

[rebell45]

In simple terms:

1. You agree to give eBay access to your money wherever they can find it, whenever they want.

2. And you have no recourse.

[eburtonlab]

See here, particularly the graphic in the middle, "Getting Paid on eBay":

https://pages.ebay.com/seller-center/service-and-payments/managed-payments-on-ebay.html

[loveyourimagination49]

If you’re talking about the New Terms of Use, I’m of no use. I didn’t bother to open it. 🤣

There was a thread started earlier: Let me find it.

https://community.ebay.com/t5/Payments/Payments-Terms-of-Use-Update-Feb-1/td-p/31565221/jump-to/firs...

[eburtonlab]

If you are asking specifically about the new payment terms of use update, there is some discussion here:

https://community.ebay.com/t5/Payments/Payments-Terms-of-Use-Update-Feb-1/m-p/31565221#M106315

[tdumonde2014]

Buyer pays, takes a couple of days for eBay to process , and eBay sends you the payment and it's in your account in two to three days.

[veronicabooksandart]

See the "Reserve" clause.
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