What Is Approximate Time For Weekly Payouts To Reach Bank?

[mozartbach1971]

I recently enrolled in weekly payouts.  If I receive payments on Sunday and assuming there are no problems with the bank I use, and there are no disputes , can anyone give an estimate on when the payments will reach my bank?

[buyselljack2016]

@mozartbach1971 

My buyer payments made by Sunday often finish processing in time for my Tuesday (weekly) payout.

If yours does not make it that Tuesday, it will be on the next Tuesday.

If a buyer payment does not clear for Tuesday, and you do not want to wait a week you can temp switch to "Daily", and then back to "weekly" if you desire.

My "payouts" are posted to my CU checking account the next "business" day after they are made.  YMMV

[1grandmashope_1]

Available funds,  if these Funds are deemed available,  are processed on Tuesdays and, for me,  are in my credit union by Wednesday. 

Hope that is of help, 

Grandma 

[geo2061]

@mozartbach1971 

 i have only been enrolled in MP since the New Year and a small time Seller at best,  but so far (Holiday Weekend Excluded) half of my typical  weekend sales (4-6 items / Fri-Sun) will clear in time for my Tuesday (weekly) Payout.

  As @buyselljack2016 Points out - If you have a need for  your cash a little quicker opting for the Daily Payout option might better suit your needs. 

  Personally i like the Weekly Payout - Less clutter in my personal account and any money still Processing will usually just be eaten up Shipping Future Sales.

[buyselljack2016]

@geo2061 

Agree the "weekly" is less clutter.  I started with the "daily". Back when I "opted in" the payouts were 6 days a week. No Sunday.  Credit Union did not process on Sat/Sun anyway, so in reality only 5 "paydays".    With my second account going it it would have been even more deposits.

The 2 per week (one per account) works OK for me.  Not a problem this week. Sales are strangely down with none on one account, and only 2 sales in 8 days on the other with one asking to cancel☹️ 

Wife's stuff is selling like gangbusters. Will have to hit her up for a loan to go source inventory. Plan on sourcing this week, but now a bit reluctant with nothing moving out.

I did the switch back to "daily" for one payout as a test after the holiday weekend to see how it worked out.  Switched over, got payment, and switched back with no problems.