mam98031 • Volunteer Community Member • Buyer/Seller since 1999
tree*fern
This was just announced by Ebay and I just wanted to make sure we have as many sellers as possible seeing this.
We've recently enhanced our payout scheduling options to bring you more flexibility when managing your eBay earnings. In addition to the existing daily and weekly payout schedule options, now you have two more options for when to have your payouts sent-biweekly or monthly. Remember, choosing a longer payout schedule may mean that more funds are available to use towards selling costs such as shipping labels and refunds.
Monthly, biweekly, and weekly payouts will include the Available funds earned from sales with confirmed payments through the Sunday prior to your payout date. In the event of a bank holiday, the payout will be made on the following business day.
When to expect your payouts:
- If you choose to receive payouts monthly, payouts of Available funds are sent to your bank on the first Tuesday of the calendar month.
- If you choose to receive payouts biweekly or weekly, payouts of Available funds are sent to your bank on Tuesdays.
- If you choose to receive payouts daily, payouts of Available funds are sent to your bank 2 business days after the buyer’s payment is confirmed.
Once eBay sends payouts, your bank will generally take 1-3 additional business days to make the funds from these payouts available to you.
Review your payout schedule here. Learn more about payouts in the Help Hub.
As always, thank you for selling on eBay,
The eBay Selling Team
@richard454 wrote:So basically- if Adyen makes money on interest...eBay does too....
Are you not aware of this?
Adyen (ADYEN:AMS) issued 403,724 shares following eBay Inc.'s exercising of the first tranche of the warrant that entitles eBay Inc. to acquire a fixed number of Adyen shares in a series of four tranches subject to certain processing milestones being met. Dec 21.2021
What I realize is it is very important for a few posters to keep this subject alive for whatever reason they have. It doesn't matter what the truth is, it is simply important to some to sling mud. Ebay has repeatedly said they do not earn interest on MP funds but some insist they do, yet are never able to provide proof.
Now I see you want part of the contract between Ebay and Adyen to appear to be something it is not. Ebay has said from the beginning that part of the contract between them and Adyen will be that Ebay over the next few years will be getting stocks in Adyen, up to 5% by the time they are done. I realize you want to make it seem as if something is wrong with that, I simply don't. It has been disclosed since the negotiated the contract.
@mam98031 wrote:
@tree*fern wrote:
@mam98031 wrote:
Yes. You can try them all if you like until you find what fits you if you'd like. It is wonderful to have options. And the Instant Transfer many have wanted all along
I couldn't find any info about Instant Transfer. Please explain, thanks.
Whoops my bad. I thought that option was going to be in the same announcement as the other options.
Well it is coming, but I don't know when. Soon I would think. They must have discovered an issue and decided to release that at a later date. Sorry that I got your hopes up, but it is coming.
@mam98031 Would you please point me to where eBay disclosed that this option was coming? I'd like to read more about what they discussed. Thanks.
@wastingtime101 Thanks! So on-demand payment will cost a "small fee," and will be coming sometime later this year.
or those that think eBay does not earn interest on cash on hand you need to study business operations in more detail.
True. But most posts I have seen here complaining eBay "earning interest" have been from people on daily payouts complaining about eBay earning interest during the 1-3 day period before a buyer's payment clears the ACH process and becomes "available funds". I don't think eBay can earn interest on money they do not have yet.
Ah but eBay/Adyen does have the money sitting in accounts payable. It's the cash exchange between that account and the bank where the float fund interest is accrued. The 1-3 day complaints are numerous but there are also the longer periods of up to 30 days that also pop up.
While it's not much my checking account earns interest. I would rather be earning the interest that letting eBay earn it.
True. But the best I could do was 0.1% interest, so $10,000 earns me 2.7 cents a day. I would benefit fan more - both financially and physically - by eating one less slice of bread a week
For you and I the return is indeed small and most of us really do not care but for a company dealing in millions/billions of dollars in accounts payable the interest can become significant. The same goes with paying your bills early. Most of us don't care about the minute amount of interest we would have earned between the time we paid the bill and when it was actually due but most major corporations, at least the smart ones, do not pay their accounts payable until the date they are due. Again it's minor to us but for the multi million dollar corporation it can be a significant amount.
