Ebay Sales Payouts

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1bottlerocket
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Re: Ebay Sales Payouts

Post by 1bottlerocket »

Dr Tony Balls wrote: Mon May 17, 2021 3:15 pm If its anything like the way Reverb works they hold your funds till the item is shipped. And by "shipped" I mean when the tracking number is scanned in by the carrier. Cant comment on Ebay though. But, the long and short of it, IMO, is you just gotta deal with it if you wanna use that service to sell stuff.
You’re right. I have already tried to sell other ways as much as possible but some of the things eBay just reaches a wider audience. I have always considered the fees as part of the deal but holding the money stinks.
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tigerdriver
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Re: Ebay Sales Payouts

Post by tigerdriver »

I think about how many things I bought/sold through ebay in the dark ages when everyone used money orders...suppose it could be worse.
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superslidetail
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Re: Ebay Sales Payouts

Post by superslidetail »

Yea I use to send personal checks...20 years ago lol.
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Steve
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Re: Ebay Sales Payouts

Post by Steve »

I sold a guitar a while ago and had no idea that they changed the way payments are processed. As soon as the buyer sent the money i got a message stating that eBay were going to hold the money for 21 days.

I contacted the buyer and told him I won't be sending the guitar until I have the funds in my bank account. We ended up mutually agreeing to cancel the sale.
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1bottlerocket
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Re: Ebay Sales Payouts

Post by 1bottlerocket »

Wow! they wanted to hold your money for 21 days?! That is insane. It seems like they want to pass it off as how much better for the seller it is, but the reality is that it moves the seller further out of the loop.

I checked in with eBay and they indicated the money would be there on Monday. It has now been updated to Tuesday. I am going to change my handling time to 5 days with this new system. Paying for shipping upfront and not actually having the money in your account seems too risky.
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daCod
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Re: Ebay Sales Payouts

Post by daCod »

tigerdriver wrote: Mon May 17, 2021 8:23 pm I think about how many things I bought/sold through ebay in the dark ages when everyone used money orders...suppose it could be worse.
oh man, those were the days!
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Dr Tony Balls
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Re: Ebay Sales Payouts

Post by Dr Tony Balls »

daCod wrote: Tue May 18, 2021 1:29 pm
tigerdriver wrote: Mon May 17, 2021 8:23 pm I think about how many things I bought/sold through ebay in the dark ages when everyone used money orders...suppose it could be worse.
oh man, those were the days!
before the widespread availability of digital cameras one could buy vintage Fenders all day for a steal as long as you knew how to read serial numbers.
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redeyeflight
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Re: Ebay Sales Payouts

Post by redeyeflight »

Reverb had the exact same thing with their payouts now as well. And of course we all pay sales tax now regardless of where the item comes from. Seems like the middle men are doing just fine! Lol
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1bottlerocket
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Re: Ebay Sales Payouts

Post by 1bottlerocket »

redeyeflight wrote: Tue May 18, 2021 7:02 pm Reverb had the exact same thing with their payouts now as well. And of course we all pay sales tax now regardless of where the item comes from. Seems like the middle men are doing just fine! Lol
You got that right.
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windjamma
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Re: Ebay Sales Payouts

Post by windjamma »

This is a shame, and probably why i have only ever bought off of ebay. If they keep everybodys money in a high interest account, they're quids in the barstewards.
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