eBay

needsmorerobots · ‎03-02-2021

I've encountered my first problems with the Managed Payments system.

I've double checked my account and I'm set up for a daily payout but the sales I made on February 27th did not payout until today.

I could understand with the sales received on a Saturday (early) I would at least get paid out Monday but it didn't do that. Technically a daily payout should mean a daily payout.

Has anyone else encountered this?

Any creative solutions or is this how things will be?

ypdc_dennis · ‎03-02-2021

might be related to the problems ebay was having on Sunday (Feb 28)

pjcdn2005 · ‎03-02-2021

Daily payouts doesn't mean that you will get the money the next day or business day. It means that you will get the money the day that it is ready to be paid out vs getting all of your payouts once a week.

recped · ‎03-02-2021

Sales on Friday, Saturday & Sunday usually stay in the "processing" state until early on Monday. Too late for the Monday payout.

I'm on weekly payouts so all my weekend sales are included in the Tuesday payout, a few times I've had Monday sales go to "completed" status in time for the Tuesday payout but it's kind of rare, had one in today's payout but it was a sale from 5:00am Monday.

Today with no sales I think it's the first time I have $0.00 in Available, $0.00 In Processing and $0.00 in On Hold.

I should give somebody a small refund just to see what happens when you have no funds of any sort available to cover it.

"What else could I do? I had no trade so I became a peddler" - Lazarus Greenberg 1915
- answering Trolls is voluntary, my policy is not to participate.

silverpinups · ‎03-02-2021

"I've double checked my account and I'm set up for a daily payout but the sales I made on February 27th did not payout until today".

Unfortunately, that is the normal time frame (4 days) for daily payouts using Managed Payments.

intimewithmusic · ‎03-02-2021

@pjcdn2005 wrote:
Daily payouts doesn't mean that you will get the money the next day or business day. It means that you will get the money the day that it is ready to be paid out vs getting all of your payouts once a week.

Huh? My understanding is this has to do with accounting. If you have a high sales volume and want larger groups of individual sales combined into one payout per week so that entering the sales data into your acc receivable system ia much easier then choose "Weekly". If your sales volume is smaller, you don't mind entering more AR data, but you want to speed up eBay's payouts going into your bank account then then choose "Daily".

Can you please correct me if my perception is wrong? Thanks!

recped · ‎03-02-2021

I think is has a lot more to do with how desperate you are for cashflow than anything else!

"What else could I do? I had no trade so I became a peddler" - Lazarus Greenberg 1915
- answering Trolls is voluntary, my policy is not to participate.

needsmorerobots · ‎03-02-2021

@recped wrote:
Sales on Friday, Saturday & Sunday usually stay in the "processing" state until early on Monday. Too late for the Monday payout.

I'm on weekly payouts so all my weekend sales are included in the Tuesday payout, a few times I've had Monday sales go to "completed" status in time for the Tuesday payout but it's kind of rare, had one in today's payout but it was a sale from 5:00am Monday.

Today with no sales I think it's the first time I have $0.00 in Available, $0.00 In Processing and $0.00 in On Hold.

I should give somebody a small refund just to see what happens when you have no funds of any sort available to cover it.

Good to know. Perhaps I'll change it to a weekly payout. It'll be easier on the books and I won't have to stress like I would if I were to keep tabs on tracked mail.

I'll save the Pepto Bismol for a rainy day.