
09-14-2021 10:47 AM
I have over 500 transactions (100% positive feedback) and have been on Ebay for many
yeras. I registered for managed payments and have had several sales since then. My funds
have usually arrived in my bank within 5 days. A recent sale (last week) was sent with tracking and
is almost at the customer's destination. Ebay has advised me that the funds for this transaction are
on hold. I called Ebay and have been advised that I have to make another 25 sales and wait until the
item is delivered to the buyer before my funds will be released. After completing the 25 sales I can then
expect my funds to be released, once again, within 5 days. Has anyone else heard of this ? Is this a new
Ebay policy ? Am I being penalized for some reason ? Needless to say I am not pleased !
06-02-2023 08:27 AM
Agreed. Once positive feedback is received for a sale, there is no reason for eBay to continue the payment hold except to accrue interest on the funds. In such cases, eBay is effectively giving the buyer an extended warranty on the item.
06-02-2023 09:03 AM - edited 06-02-2023 09:06 AM
This is 2023 and this is eBay's site, eBay's rules and policies...
Sellers accept,adapt,adjust and carry on OR move on!
and IF you think other selling sites don't do same (i.e.withhold funds), well you are in for a big surprise!
and BTW, PayPal also reserves the right to withhold your funds at any time or for any reason deemed necesary...
and FWIW, eBay does NOT accrue interest on your funds...
and relying on eBay sales monies for income requires forethought, pre-planning, budgeting and knowing there are NO guarantees in online selling!
Want instant $ for your items? Sell LOCALLY!
Good luck and Bye Bye!
06-02-2023 09:31 AM - edited 06-02-2023 09:46 AM
Most of your points are true. But using a platform and abiding by its policies doesn't mean that one can't be critical of those policies.