Payment initiated but no completed.

[58_collector]

We have had several "so called" sales lately where people have committed to purchase but money doesn't come thru and the sale just sits there with a "payment initiated" status against it. Trouble is, in eBay's eyes this constitutes a sale and includes all the final valuation fees even though there has been no physical transfer of money to the seller! This is a total scam that is ripping money out of a lot of unsuspecting sellers!!!

[curraone]

I assume it is the new ebay management payments - ebay hold your money for a few days - there are several threads about it already.   If  you receive an email saying "your item sold and has been paid for" you are expected to post the item.

[wide-world-of-stamps]

Have they paid by eCheque through Paypal?

They do generally clear eventually, and the payment status changes when that happens.

[padi*0409]

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@curraone wrote:

I assume it is the new ebay management payments - ebay hold your money for a few days - there are several threads about it already.   If  you receive an email saying "your item sold and has been paid for" you are expected to post the item.

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I doubt it curra, the OP's selling coins which are on the MP exclusion list.

[curraone]

Oh sorry, I didn't know that.

[padi*0409]

Here you go curra :-

https://www.ebay.com.au/help/policies/selling-policies/managed-payments-restricted-items-policy?id=5...

[58_collector]

No the email says the item is sold but when I look at it in my summary it is tagged as "payment initiated". I dont, and probably best that I didnt, agree to post the item once I receive that email because the oldest of those items is now 14 days old, no payment in my PayPal account and no resposes to my request emails to them. I would have been well and truly duped had I sent the item... 

[58_collector]

No the email says the item is sold but when I look at it in my summary it is tagged as "payment initiated". I dont, and probably best that I didnt, agree to post the item once I receive that email because the oldest of those items is now 14 days old, no payment in my PayPal account and no resposes to my request emails to them. I would have been well and truly duped had I sent the item... 

[silver-fox-bullion]

Have ya got the option to send it to an unpaid item???

[silver-fox-bullion]

line of thinking here is rise an unpaided claim to flag it to ebay