eBay

wcaw1786 · ‎01-10-2025

So I have been a member of ebay for a number of years now. I usually buy, but I have sold a number of Items over the years as well. I have a 100% rating, never had a complaint. So this week, I sold a couple of items and shipped them promptly as usual. They are both domestic, standard USPS. Today is the 10th of January. So the items have already been paid for but, looking at the dates here, Im seeing the funds for one item are on hold until the 25th and the money for the other item is on hold until the 8th of next month. Im not understanding why. Now I know some business's will hold onto money as long as possible to keep in high interest accounts until new money comes into take its place as to maintain a certain balance yielding the high interest but, were talking about days. This is ebay. And they're holding onto it for 2 WEEKS on one item AND A MONTH on the other?!?! Whats the deal? They've held onto my money before but, that was just for a couple days. This is ridiculous. There has to be some type of legality or regulatory body that calls them on this. Its not right. Had I known this, I would have sold these things somewhere else, because this is really going to screw me up. I have a bill I need to pay, that isnt going to get paid on time now, which in turn is going to trigger this whole domino effect. Its the reason I sold the items. THEY NEED TO TELL PEOPLE BEFORE HAND IF THEY INTEND ON HOLDING YOUR MONEY FOR THIS LENGTH OF TIME!!!

h494_21 · ‎02-04-2025

Ok, Thanks for finally acknowledging what I was asking About earlier.

mam98031 · ‎02-04-2025

@h494_21 wrote:
Ok, Thanks for finally acknowledging what I was asking About earlier.

Want to be more specific or just leave us guessing?

mam98031 • Volunteer Community Member • Buyer/Seller since 1999

h494_21 · ‎02-09-2025

Think you're saying they are a for profit company and making money on held funds/ managed payment setup..Some of your earlier posts sounded like that wasn't the case. also you Assumed that I'm mad at them (which I'm not) and then assumed that I have problem with them making money (which I don't). not sure where you got that. anyhow Thanks for the info and replies.

mam98031 · ‎02-09-2025

@h494_21 wrote:
Think you're saying they are a for profit company and making money on held funds/ managed payment setup..Some of your earlier posts sounded like that wasn't the case. also you Assumed that I'm mad at them (which I'm not) and then assumed that I have problem with them making money (which I don't). not sure where you got that. anyhow Thanks for the info and replies.

No, I didn't say that and I don't know why that is your take away. Money held on New or infrequent sellers is site security driven. It is something Ebay has done for many years, even before they became our Money Processor or had any way to earn interest on held funds. Until November of 2023 Ebay did not earn interest on held funds.

I did assume you were mad by what and how you posted your concerns. I'm glad to hear that you are not.

mam98031 • Volunteer Community Member • Buyer/Seller since 1999