mam98031 • Volunteer Community Member • Buyer/Seller since 1999
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@mam98031 wrote:
@broto_64 wrote:There exist two payment methods:
Standard (takes more time)
And Express (takes less time)
The fee is for people who can not wait for the money.There are four methods other than the Express Payout to choose from.
@mam98031 this is not about payout timeframe as both on demand and scheduled payouts can be set to go to a debit card, any payout to a debit card (whether scheduled or on demand) is called an Express Payout and will be charged the fee.
This is where I think a lot of the confusion is happening - eBay has not done a good job of clearly defining the terms.
Express Payout = any payout processed to a debit card, can be On Demand or Scheduled.
On Demand = Any payout that is manually triggered through the On Demand payout process and can be either Express Payout to a debit card for a fee or standard payout to bank account for free (this is an old screenshot from when the fee was 1.5% instead of flat $2 but the current process still looks pretty much the same.)
Scheduled Payout = any payout that is automatically processed on a daily, weekly, biweekly, or monthly schedule (assuming there are funds available to payout), which again can be either an Express Payout to a debit card for a fee or a standard payout to a bank account via ACH for free.
Somewhere along the line eBay seems to have confused the issue to where many sellers seem to think that Express Payout is the same thing as On Demand Payout and that's just absolutely not the case.
On Demand and Scheduled simply refer to the timing of when the payout is initiated - either manually trigged at any time or automatically occurring on a set schedule - but both allow the option to select either Express Payout to debit card for a fee or Standard Payout to bank account via ACH for free.
@cl_89851 it sounds like you have a debit card set as the default payout method for your scheduled payouts and so you are being charged the $2 fee for each and every one of those scheduled payouts.
If you don't want that to happen, you'll need to change your preferred payout method to a bank account.
To check your preferred payout settings, you'll need to go to the Payments tab in Seller Hub.
On the summary page, if you scroll down, it should show you your current payout method.
If that is set to use your debit card as the preferred method, you'll need to navigate through the "manage" link to change it to a bank account to avoid the fee - but remember that will then route payouts through the usual ACH bank account payout process which is not as fast as to a debit card (ACH is typically 1-3 business days, depending on your bank.)
@cl_89851 wrote:I'm getting charged $2 per payout for an Express Payout Fee. Can anyone tell me what that is and the basis of assessment?
Thanks.
What do you mean? It is the fee for asking for an Express Payout. If you don't want to pay that fee, choose another payout timeframe. The other options do not have a fee.
@broto_64 wrote:There exist two payment methods:
Standard (takes more time)
And Express (takes less time)
The fee is for people who can not wait for the money.
There are four methods other than the Express Payout to choose from.
@cl_89851 wrote:I'm getting charged $2 per payout for an Express Payout Fee. Can anyone tell me what that is and the basis of assessment?
Thanks.
You're getting charged because YOU opted in to express payouts.
@mam98031 wrote:
@broto_64 wrote:There exist two payment methods:
Standard (takes more time)
And Express (takes less time)
The fee is for people who can not wait for the money.There are four methods other than the Express Payout to choose from.
@mam98031 this is not about payout timeframe as both on demand and scheduled payouts can be set to go to a debit card, any payout to a debit card (whether scheduled or on demand) is called an Express Payout and will be charged the fee.
This is where I think a lot of the confusion is happening - eBay has not done a good job of clearly defining the terms.
Express Payout = any payout processed to a debit card, can be On Demand or Scheduled.
On Demand = Any payout that is manually triggered through the On Demand payout process and can be either Express Payout to a debit card for a fee or standard payout to bank account for free (this is an old screenshot from when the fee was 1.5% instead of flat $2 but the current process still looks pretty much the same.)
Scheduled Payout = any payout that is automatically processed on a daily, weekly, biweekly, or monthly schedule (assuming there are funds available to payout), which again can be either an Express Payout to a debit card for a fee or a standard payout to a bank account via ACH for free.
Somewhere along the line eBay seems to have confused the issue to where many sellers seem to think that Express Payout is the same thing as On Demand Payout and that's just absolutely not the case.
On Demand and Scheduled simply refer to the timing of when the payout is initiated - either manually trigged at any time or automatically occurring on a set schedule - but both allow the option to select either Express Payout to debit card for a fee or Standard Payout to bank account via ACH for free.
@cl_89851 it sounds like you have a debit card set as the default payout method for your scheduled payouts and so you are being charged the $2 fee for each and every one of those scheduled payouts.
If you don't want that to happen, you'll need to change your preferred payout method to a bank account.
To check your preferred payout settings, you'll need to go to the Payments tab in Seller Hub.
On the summary page, if you scroll down, it should show you your current payout method.
If that is set to use your debit card as the preferred method, you'll need to navigate through the "manage" link to change it to a bank account to avoid the fee - but remember that will then route payouts through the usual ACH bank account payout process which is not as fast as to a debit card (ACH is typically 1-3 business days, depending on your bank.)
I understood the thread. Please stop correcting things that don't need correction. The post I was responding to was clear. While the info you provide is valuable to many, it was unnecessary to call me out and suggest what I posted was incorrect, which it wasn't.
@ckimodog wrote:Could you send me the link for payouts on demand? I never knew about this and if I ever have a sale again (joke) it would be good for me to access. Tough times. Thanks VR. Tina
You can see the option in your Seller Hub Payment Tab.
Top option.
https://www.ebay.com/mes/payout-schedule
