mam98031 • Volunteer Community Member • Buyer/Seller since 1999
Consider this. No one can earn interest on money they do NOT have in their account. So since when payments are Pending the money has not yet been received from the funding source, then earning interest on this money during this timeframe is simply NOT possible.
Once the money clears the Pending Status and moves to Available, it is transferred out to the seller on the next Business day for those with Daily deposits or the next Tuesday for those with Weekly deposits. So when that happens the money moves into the ACH Banking system to which MP has NO control over and the money is no longer in MP so there is no way for them to earn interest of funds they do NOT have. Once the money is transferred the banking system has control of the funds, not MP and the banking system determines how fast your money moves to your bank and your account, NOT MP.
On the right side of Payment's Community board are several threads by the Managed Payments team. You should take a peek at them as there is information there that you will most certainly need to understand.
When a buyer submits a payment the seller is considered PAID at that point. There funding source has been pinged and they payment will clear. The next step is for MP to clear the pending payment which takes 1-2 days. But understand there is NO RISK that this payment will not be paid to you. Once a buyer submits a payment, they cannot change it, cancel it or otherwise mess with it in any way. The same held true when we used PayPal. But it takes MP 1-2 days to get the literal money moved from the funding source to your MP account.
Once it is no longer Pending it moves to Available. That means that on the next BUSINESS day if you are on Daily deposits, your transfer will be sent to your bank. If you are on Weekly Deposits, then it will transfer on the next available Tuesday. Once MP makes the transfer into the ACH banking system, they no longer have control over that money; it is in the hands of the banking system. Normally it takes 1-4 days for it to arrive at your bank.
For me, I do Weekly deposits. It is sent every Tuesday morning and before noon on Wednesday my money is at my bank. I do bank with a major bank, for those using smaller more local banks, it can take longer.
Many sellers in MP ship right away as there is NO RISK to the money actually getting to your bank account unless you are having problems with your account that MP has likely notified you about.
Other sellers for whatever reason they have wait until the money is in there bank. While this is not necessary to do as it does not increase the security of you receiving your money, this is what some sellers decide to do. If you lean this way, I suggest that after you are more comfortable with how MP works, with experience, that you reconsider this decision.
Keep in mind the Selling Rules of Ebay do NOT change when you enter MP. What is required of sellers, the policies and rules remain the same. One of those rules is we must ship within our stated handling time. There will be no grace period or anything else just because you are in MP and you choose to wait until the money is in your bank before you ship.
To do that without changing your listings will result in Late Shipment Defects and certainly damage the health of your selling account. So if you are leaning towards shipping after the money is in your bank, then make sure you change your handling time on your listings BEFORE you start this practice. If you don't, then you will likely be in the penalty box before long and that pesky additional FVF of 5%.
So either way is fine, just make sure you look out for yourself, make the decision that is best for you and proceed forward. You will be fine.
MP isn't that difficult to adapt to for most sellers. It is difficult to adapt to for some Casual Sellers. These are usually sellers that don't have enough listings to warrant having a store of any level. This transition is very hard for most of these sellers. I really respect that.
The thing to consider is, do you make a profit or enough profit on what you sell here to remain selling on Ebay. Likely that answer is yes. And if your answer is yes, it is in your best interest and the best interest of your wallet to do your best to adapt.
It is like working with a budget. And believe me I HATE budgets, but they are a good tool. While you won't have access to your money instantly like you did in PP, you will usually have access to the money by this time next week. Learn to get over the hump. I understand and respect that this hump can be much harder for some than others. But once you have passed over this, things will smooth out and be easier to deal with.
In some threads you will find that sellers that really thought they could not live with this change has found out that they actually don't spend their money as fast and some find that they don't spend as much as they did when the money was instant.
I wish you nothing but the very best.
@craigsdieselrepair wrote:My weekend sales payments were 'pending' until today. They've been 'available' now for most of the day and it showed that the deposit would be made on the 29th. I just checked my MP page, and now it's saying the deposit will not be made until the 30th- Even though the payments are all 'available' and have been 'available' all day. Wonder why they changed the day to Wednesday as the deposit day? This means I will get access to NONE of the money from my weekend sales until Thursday of this week.
It is part of the process MP has consistently told us about. I realize that many if not most of us wishes the process was faster, but wishes don't change the way the program works. MP has always said it takes
1-2 days for Pending payments to move to Available for transfer. So payments on Sunday could take until Tuesday to Clear. Saturday payments that does appear to be a bit long, but it would depend on the time of day the payment was received and maybe even the funding source. For example American Express payments take a little bit of extra time just because of Amex's process.
If your money didn't move from Pending to Available until today, it should transfer to your tomorrow if you are on Daily Deposits. It processes on the NEXT available business day, not same day. The 30th is tomorrow, so that is right on schedule.
I know this process can be difficult for some sellers. I respect that. I'm just explaining the process in which MP does things, not my personal opinions or endorsements. Simply how the system works.
![Video [Russian Language]: Answers to common Payoneer registration issues](/t5/image/serverpage/image-id/750612i41F587DBC26EF24C/image-size/large?v=v2&px=999)
