Express Payout Method for Sellers (Replacement for Current Payout Method or Backup??)

[swarbstore]

Hi Everyone,

I have been trying to research the Express Payout Option for sellers, but I cannot seem to figure out if it is a permanent replacement for the current payout method I am using, or if it is a backup option?

For example, I use Daily Payouts with a typical Bank Account, but was wondering if I can add my Debit Card information for Express Daily Payouts & replacing my previous Daily Bank Account Payout Method.

Or is Express Payouts to Debit Cards just a backup I can use when I specify when I want to use it rather than my regular Daily Payout Method.

[kensgiftshop · Accepted solution]

@swarbstore 

From what I understand, the only difference is, they charge you a fee and the funds are supposed to get to your checking account a little faster.

My funds are already in my account the day after they send them, so that's fast enough for me and it doesn't cost anything.

[valueaddedresource]

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@swarbstore wrote:

Hi Everyone,

I have been trying to research the Express Payout Option for sellers, but I cannot seem to figure out if it is a permanent replacement for the current payout method I am using, or if it is a backup option?

For example, I use Daily Payouts with a typical Bank Account, but was wondering if I can add my Debit Card information for Express Daily Payouts & replacing my previous Daily Bank Account Payout Method.

Or is Express Payouts to Debit Cards just a backup I can use when I specify when I want to use it rather than my regular Daily Payout Method.

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@swarbstore  eBay says you can either use it for your scheduled daily payout or on demand

You can select your debit card as your preferred payout method for scheduled payouts, or request a payout to your debit card on demand. Funds requested to your debit card on demand typically arrive in 30 minutes.

https://www.ebay.com/help/selling/fees-credits-invoices/setting-changing-payment-method/update-bank-... 

That being said, given the extra 1.5% fee every time you do it, I personally would only use it on demand in an absolute emergency situation - but your mileage and business needs may vary.