@mcgoos59 wrote:This new fee and payout format will spell the end of eBay. ... I give eBay about 12-14 months on this current path. I've already started looking to other avenues.
Be sure to check out Amazon - they have a huge footprint in eCommerce. They also make you wait for twice-a-month payouts of payments based on the status of the shipment.
As to your deposit delay - are you using an online bank, B&M bank, or credit union? I've noticed differences in the clearance of deposits in all three. My online bank clears my deposits in 24hrs. My B&M banks are mixed - one is 2 days with $100 available immediately, the other is 3 days period. My credit union account can take nearly a week for a deposit from any source to show up. If you're having serious concerns about the delays, talk to your bank! They have the data to be able to tell you if it's the way the deposit is being handled, some kind of restriction (federal or in-bank) on Ayden, or if it's just getting to them later than eBay says. Start with your bank - you can sit across the desk and look them in the eye when they answer your questions. Body language alone will be a big clue as well.
-Bob.
@downunder-61 wrote:People have been crying out about eBay's demise since the introduction of Paypal years and years ago.
It is not new, they have been transitioning to managed payments since 2018 and will complete at the end of this year.
Rather than start 'another' done to death thread, feel free to browse through the 50 or so that have already been started, answered and posted on.
But you gotta give them credit for holding onto that one "obvious" belief for all these years! 🙂
-Bob.
@a_c_green wrote:The funds themselves are not "pending;" it's the transfer to your bank that's pending. eBay already has the buyer's payment, which is why you can use a portion of it to purchase the shipping on-line.
I'm not certain eBay is holding the funds - it could be Ayden. There's been no clear statement, at least none that I've seen, stating who is making the deposits into our accounts. Yes, they say they are from eBay, but when I'm doing Customer Service for my employer, I am using his name so as to not confuse the buyers, or getting them to thinking that we are bigger than we actually are. We want them to think we're a bit bigger, but not 24/7 with 5 minute response time bigger. 🙂
Actually, whose holding the funds for the 1-3 days it takes to get into your account is a moot point. All the sites I've set up for work have had similar processing. Amazon holds our funds for 1/2 a month before transferring to our bank, if the order is in the proper status. And when you think about it - your B&M bank has been holding your funds for days with each deposit as well... remember when deposits could take "as much as 7 yo 10 days for the payment to clear and your funds become available"? 1-3 days is rather speedy in comparison.
-Bob.
@2013grotz wrote:
@duffy4444 wrote:What is this "big bonus" you say that Ebay is getting from "arden" in a few years?
https://tamebay.com/2018/06/ebay-in-line-for-5-adyen-share-options.html
Explains a lot about why Ebay is forcing sellers onto MP, for sure.
Het Financieele Dagblad, a dutch newspaper is reporting that eBay could be getting a 5% Adyen share options bonus as part of their deal to roll out eBay Payments to replace their PayPal agreement.
..
eBay will be awarded the share options based on performance and how much of their payments volume they divert to Adyen. As the default payment system on eBay has been PayPal there is little reason why most, if not all, of this payment volume will go through Adyen.
Ever follow major league sports? It's called a signing bonus. I used to get them when I was contracting -- the companies would offer a signing bonus as an enticement to get their preferred selections to sign. As I've looked into this more, it's amazing how prevelant signing bonuses are amongst the highly-paid, highly-degree-required employment positions. Some can goes as high as 10% of the annual salary... just for agreeing to accept the employer's offer!
So Ayden offering a signing bonus to eBay doesn't seem all that big a deal. If the Feds think otherwise, they'll let eBay know, I'm sure. My guess is it's already been vetted by some very expensive, very experienced legal firms.
-Bob.
@postingid7659 wrote:Nothing the OP complains about is unreasonable. With modern technology there really is no reason for your funds to not transfer to you as instantly as they leave the buyer. But they float the money and there must be some advantage in it or they would not do it. Even PayPal was one business day. I would believe eBay would lie to us before telling us the full truth.
Banks have float because they are required to process thru the Federal Reserve system. Things have gotten better as the system has gone paperless and banks now accept images of paper checks for deposit via their smartphone apps. But the data still has to go thru the Federal Reserve. Ayden make get the funds from the credit card fast because credit cards are not part of the Federal Reserve system, or it would take 1-3 days for your credit card charge to be approved! But once Ayden or eBay asks to transfer those funds from one account to another (theirs to yours), it becomes a banking transaction and follows the same wonderous rules as paper checks deposited at the counter. Any delays would be based on how your bank processes online deposits.
-Bob.
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