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When to ship the item after it is sold

Hey Everyone,

 

It's been a while since I have sold something on ebay and I seem to be a bit confused about something.

 

First, let me say I understand that I pay for Insurance and do not pass that onto the seller.

 

Back in the day when I sold an item, I would receive funds into Paypal and immediately send it my bank.

 

But now, Paypal is gone and you connect your bank directly to ebay, I get that.

 

So, my item sold yesterday and the funds seem to be on hold (it does show it on ebay) and ebay states my funds will be available 3 days after the buyer receives the item and makes sure it's good.

 

So, is that how it works now? I have to first ship it out and once the buyer receives the item, then ebay will actually transfer the funds to my bank account?

 

Or do I wait first for the funds to appear in my bank account and then ship? This is how I thought the process would work.

 

Any feedback is appreciated.

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When to ship the item after it is sold

So the item was delivered and I received my funds a few days later.

 

Thanks for everyone's feedback and you some of you stated, I was just jumping the gun.

 

I see how things work with Ebay.

 

Now onto my next sell (hopefully 😁)

 

Thnx

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