@lightrasp wrote:
Second experience with the 'new' payment system: Sold an item and the entire process from customer payment to being available in my bank account took SIX DAYS! In the meantime, the customer received the package in 4 days - TWO WHOLE DAYS BEFORE I HAD ACCESS TO MY PAYMENT!
Methinks someone is pulling my taffy here...
comments?
When you go to the store and pay with your credit card, you walk out with bags of merchandise immediately, but the retailer does not receive payment until it finishes processing between financial institutions which can take several days. This is no different.
PayPal spoiled small sellers by fronting the money before they had it- eBay isn't doing that.
On Amazon I get paid once every two weeks, and each payment has a reserve withheld in case of returns- which means I may not see funds until a month or more after the transaction.
You can still be a hobby seller on this site- but your payments will be handled as most business transactions are.
For what it's worth- eBay has shortened the payment processing time to 2 days (or less). The payout time is dependent on your bank's processing speed. When I first signed up a couple years of ago, I had a few payments in the processing state for about 10 days if the buyer used AmEx or Discover. eBay changed things to the 2 day rule (it's even written into the policy pages) and everything is moving faster. Either that- or eBay is fronting any funds that haven't cleared after 2 days- I'm not sure. Whatever they did on the backend- eBay is getting funds to sellers much faster than even a year ago.
