Managed Payments

[jennur_10]

Well I have to say I'm really not impressed with the new managed payments. Why does it take 3 days to deposit into my bank? It says daily deposits but payments from Monday wont be processed until tommorrow and the rest are held till whenevr the next ebay deposit day is. How does everyone else feel about managed payments?

[t_bjarnason]

eBay does not willingly withhold money (unless you're a new seller or have an open case as per their policy). I've even seen posts where people honestly believe eBay holds the money to make 3 day's interest off of it and that's completly obsurd! 

The delay, both from getting the money from the buyer to eBay and eBay to you, is completely in the bank and financial institutions hands. They have checks and balances that need to happen, and they take time. It's those same checks and balances that allow Canadian's one of the most secure and healthy financial systems in the world. 

The time it takes depends on your bank. For me personally, orders are processed and cleared  by the next business day after the sale, eBay sends the payout the morning after that and it's in my account by that evening.  

eBay has its reasons for going the chequing account route, much of it having to do with security and payment integrity through their payment processor Adyen.