Will eBay refuse to deposit the money to you from the buyer until you mail the item?

[tricon7]

I'm going to be selling items in excess of $1K on eBay, but if eBay thinks I'm going to mail out such an expensive item without getting paid first, now that they've ditched Paypal, eBay management has rocks in their head. What if the buyer refuses to pay? What if he holds things up with bogus disputes? What if there's a glitch in eBay's system? I can conjure up many scenarios where I'm suddenly out a very expensive item and have no cash to show for it. I heard that eBay will hold your item after the buyer has *paid eBay* (not you) until they've verified that you've mailed out the buyer's item - without you getting your money first. True?

Just to be on the safe side, in my seller's notes for my listed item, I added that it will be mailed out as soon as *I* receive payment (not eBay). I don't know if eBay will consider that a valid stance or not, but I'd rather take a hit from a seller for a late shipment than be out a grand.

[7794heather]

The best advice I've gotten here-don't sell what you can't afford to lose.

I'll let the rest have at ya!

Good luck!

[chapeau-noir]

@tricon7  I think you'd better go back and read up on managed payments.

https://pages.ebay.com/seller-center/service-and-payments/managed-payments-on-ebay.html

[north40sales]

have you inquired with eBay as to how a large value transaction will be paid and if they will withhold payment from you.  If they advise they will hold payment, be sure to ask about what the payout schedule would be.  

Be sure to look at the fee structure so you price your item accordingly. 

Good Luck.  

[tricon7]

Oh, I won't lose anything. Because I won't ship until I get paid.

[north40sales]

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@tricon7 wrote:

Oh, I won't lose anything. Because I won't ship until I get paid.

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Be sure to read up on eBay's Money Back Guarantee for buyers and how they fund that program.  

Have a great evening  🙂

[alcoforever]

Buyers will just open an item not received case after the item was supposed to be delivered.   Ebay will refund the buyer (out of your money of course) and you will get nothing.   But you will still have your item.   A few more like that and your ebay selling career will be over.

I bet the scammers are drooling waiting for you to list those $1000 items.

[stainlessenginecovers]

You won't ship until you get paid? You think you won't/can't lose anything once you have the $$? Boy are you in for a surprise.

Holding out before shipping protects you the same as a coat of Turtle Wax protects your car from a Hail Storm. 

When you make a purchase at Walmart, do they tell you to come back to get your stuff next week when your credit card has fully processed? PP was a fluke, a fluke that is no longer here (or most anywhere else).

Bottom line- buyer paid, you need to ship. 

[me298530]

I'm going to be selling items in excess of $1K on eBay,

Looks like you already have done that.

What if the buyer refuses to pay?

Don't ship! Ebay will let you know if they paid. Then the funds are processing.

When a buyer pays, you can use the processing funds to buy shipping labels before the funds hit your bank A real potential problem is any buyer can file a false or real damage or not as described claim and get a refund after returning the item or even something else, or if you failed to respond to the case properly.

Your no return policy is voided in such cases.

Copied from ebay

[kensgiftshop]

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@tricon7 wrote:

Oh, I won't lose anything. Because I won't ship until I get paid.

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You won't get paid if you don't ship.

For items that sell for $1000 or more, they've been holding the funds for 21 days.

[katzrul15]

@tricon7 

You sold (2) high-dollar items on August 10th.  How did e-Bay handle those transactions for you?  I would bet any additional item(s) sold that are considered HV, will be handled in the same way.

Many of us are seasoned LT Sellers.....and many of us have dealt with fraud on items this year much less than $1k per item.  

This venue is not for everyone and everything.  E-bay can and will hold funds for the period they deem necessary to keep their sight safe.  I may not agree with everything they do, but they treat all Sellers the same if we have not sold in a while.  They can and will potentially treat you as a "new-er" Seller and implement holds, especially if everything you are selling is HV, etc.

Not certain why you posted on this, as you should already have your answered from your August 10th sales?

[luckythewinner]

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@tricon7 wrote:

Oh, I won't lose anything. Because I won't ship until I get paid.

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On eBay, any buyer can steal any item from any seller at any time by filing a fraudulent dispute.

Thinking you are in the clear just because you took the cash out of your bank account does not change that. All that does is genrate overdraft fees and get your debt sent to a collection agency. 

Selling on eBay is a risk, and it sounds like you are not willing to accept the risk of selling here. 

[itscalledapostingid]

Your plan of delaying shipments until money is transferred to your bank can potentiallly cause you to lose your money. Consider this scenario:

You delay shipment for a few days...

The buyer opens an Item Not Received case a day after  you ship it because it's already late and they are already annoyed...

You upload the tracking number to the case but the shipment takes a few extra days to get there for some reason...

Buyer gets a refund and keeps the item for free.

BTW your additional seller terms in the listing description does not hold any weight and it's actually a violation of ebay's rules.

[dryophelia]

@tricon7 

Buyers who pay with a credit card or PayPal have 180 days to file for a refund. Some credit cards allow more time. Just because you have seen the money doesn’t mean you get to keep it. 

[tricon7]

I think the phrase "when a buyer pays" should be clarified because eBay's various policies like to throw this term around. There's "the buyer pays eBay" and "the buyer pays the seller." Most of the time the term eBay uses is "the buyer pays eBay."

Yes, I did sell two expensive items on eBay recently. On the first one, the buyer sent me several messages after the auction ended, asking when I was going to ship the item because I kept waiting for the funds hit my bank account. After about a week they finally appeared, and I shipped the item. The process went about the same way for the second item, but after about five days of waiting the seller claimed that the item was a birthday gift for a family member and he needed it before that date. I had no way of knowing if that was the truth (yes, I know that there are zero scammers on eBay), so I took pity on him and went ahead and shipped it - without getting paid first. But I'm also mentioning that from now on, regardless of eBay's policies or the appeals, I won't be shipping without *me* getting paid first, not eBay.

I personally don't know any business merchant who will hand over merchandise that they're selling on trust without me paying first. If eBay holds payment for 21 days because I haven't shipped yet, I won't ship for 21 days. If I get horrid reviews, I'll just permanently move to another auction platform that doesn't insist on the seller mailing out unpaid-for merchandise first against all common sense. But I'm not selling on credit, which is basically what this is.