What is the best option to choose?

[yasara_00]

what is the best option to have your payouts daily, weekly or monthly? Is it good or bad? Any reasons from your all! Thank you!

[a_c_green]

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@yasara_00 wrote:

what is the best option to have your payouts daily, weekly or monthly? Is it good or bad? Any reasons from your all! Thank you!

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It's daily for me; I see no reason to delay the amount of time before my funds are deposited in my account, as my bank has no limit on the number of fee-free on-line deposits they will accept per month. If yours does have a limit, then you might need to consider weekly deposits instead, but a better solution might be to just find a more cooperative bank. It simplifies things immensely if you have a separate checking account for your eBay business anyway, and not commingle funds with your personal account.

[dhbookds]

I prefer wkly.......just easier for me to keep track of..........  As far as I know there is no monthly.......A C makes good points.........  but at some point some Ebay person said they are considering a "wallet" so one could use the proceeds before being paid out.......so we may change our methods.

[mr_lincoln]

@yasara_00   It depends on your accounting burden and selling.  I prefer Weekly which means I only have to make one entry in my checking account.  When I was with PayPal I only took money out once  a month so Weekly minimizes the accounting.

Now, I will warn you ... with Weekly Payouts eBay ONLY gives you the choice for Tuesday to be your Payout day, they will NOT budge on that and intentionally selected that day for Weekly payouts so they can hold Sellers's money 6-8 times per year for an extra week due to Monday bank closing holidays ... we have on average 6-8 of those each year here in the US.

I specifically asked eBay when I went in to MP if they would change that day to Wed or Thurs and they flat out said no.  Below is a chart with holidays over the next (approx) 10 years ...

Some members have said no problem just switch back and forth from daily to weekly around those holidays ... SERIOUSLY?  That's ridiculous to have to perform extra maintenance on this supposedly wonderful payment process ... they could make the change themselves but again, refuse to and those my friend are the facts ...

[inhawaii]

It really doesn't matter to  me.

I just figured the sooner the better so I selected daily.

[bbravo65]

...the dollar is losing its value...and inflation...

...long-live daily payout...

(...actually, it's not really daily, it's about 3 days waiting...)

[mam98031]

@yasara_00 

There is no right or wrong answer to that question.  You simply need to chose what will work best for you and your cash flow.

For me, I do Weekly Payouts.  They come like clockwork every Tuesday Morning Ebay releases the Payout and before noon on Wednesday I have an email from my bank telling me the deposit has arrived.

I did not want to mess with a bunch of deposits every month.  4-5 is plenty.  Accounting is easier and cleaner.  And it works well for my cash flow needs.

MP does NOT have a monthly option yet.  It is just Daily or Weekly.

A new thing to know about the Payout process.  Just last weekend MP started doing Payouts on weekends again.  So for those doing Daily Payouts this will speed up your payouts a little bit.  But know that the ACH banking system is NOT open on the weekends, so all these Payouts go into the Queue for the ACH system and will not start processing to your bank until Monday morning as long as that is not a federal holiday.

And something else I've noticed since this started last weekend.  Pending / Processing money seems to be processing a bit faster which is good news for all sellers.

[chapeau-noir]

Weekly.  It's a job - I don't need to be paid daily.

[fab_finds4u]

You need to work on your feedback rating that's less than body temperature.  You're selling a lot of items and a rating of less than 98.6 is considered horrible. Some buyers won't buy if the seller's rating is less than 99.  Low ratings are bound to happen when you dropship. You have no idea of the quality of the item when you are purchasing from a product catalog and you get the blame when your dropshipper doesn't ship or shorts their order.  I hope you don't end up with defects because that can lead to higher fees and sometimes selling restrictions. 

And people looking at your listings are potential buyers so you should change from "Happy Selling" to "Happy Buying!"

[mam98031]

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@fab_finds4u wrote:

You need to work on your feedback rating that's less than body temperature.  You're selling a lot of items and a rating of less than 98.6 is considered horrible. Some buyers won't buy if the seller's rating is less than 99.  Low ratings are bound to happen when you dropship. You have no idea of the quality of the item when you are purchasing from a product catalog and you get the blame when your dropshipper doesn't ship or shorts their order.  I hope you don't end up with defects because that can lead to higher fees and sometimes selling restrictions. 

And people looking at your listings are potential buyers so you should change from "Happy Selling" to "Happy Buying!"

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That is not necessarily true.  If the seller does their job in a responsible manner it is no more dangerous to your FB than selling stuff you have in your possession.  Sellers have to vet their potential vendor they choose to use as a drop shipper carefully.

I drop shipped for years.  I had no more problems with my buyers than I did on things I stock myself.  But it was a whole lot of work keeping up on it all.  

The OP has some significant issues because they are using a drop shipper out of China.  Right now they there are issues with that and getting shipments delivered in any reasonable time.

You are likely right, if the OP continues down this path, they are going to likely get into trouble with Ebay.