Weekly Payouts ... lets talk ...

[mr_lincoln]

Weekly Payouts are made every Tuesday in managed Payments, and they will NOT allow Sellers to pick which day of the week they want their Weekly Payouts ... I know because I asked.

Most of my sales are on weekends, eBay knows that of course because they have the sales history ... I would surmise they wrote algorithms early on to determine the best Weekly Payout day for them that would pay Seller something but retain $$ for them for another week.  They didn't just say. "oh, lets make Tuesday the Weekly Payout day!"

Since Aug 7 there have only been 3 weeks where 100% was paid from the previous week ... and one of those was that double payment Tuesday after they had that Daily Payout glitch on the preceding Monday ... October around a holiday if memory serves.  They have withheld between 5% - 60$ of monies owed.

This week they withheld 22% and sometime in the AM before 8 they sent their message that a Payout was sent (NOT the money- just the message).  At 9 AM I checked the Payments tab and another 6% shifted from Pending to Available ... then at 1 PM I checked again and the remaining 16% shifted ... so BEFORE the end of the business day and on their designated Payout Day 100% was Available but they won't send any more then what they ended with late Monday night.

So here's where it gets interesting.  before entering MP I signed up with a new bank and spoke to them at length about timing of them processing 3rd party electronic payments from when it first appears on their servers ... they were very open about their process. Payments made early in the day (like before opening) get processed and posted the same day, they might show "pending" but they get posted ... payments that come in to their servers later in the day post the next day.  Well, just after 6 PM I checked my online banking and NO MONEY!  NO PENDING PAYMENT!  NOTHING!

So to me Tuesday, the Weekly Payout day, is ALL day, not the night before for final calculations ... to me all the $$ that switched from Pending to Available on Tuesday should be paid out by days end Tuesday ...

[kh-stanley1]

Hi everyone,

Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread HERE if you wish to continue to discuss this topic.

Thank you for understanding.