I am a beginner in this area. This is a really helpful subject for me. The payment method on eBay is something that should be understood in great detail.
Unfortunately, most people tick the 'I have read and agreed to' in the selling terms, where all the information is given in full, when they have not read even one line, and then come here to blast everyone else for them not knowing
This is true, but reading endless pages of legal mumbo jumbo should not be a requirement. A high level understanding of the payment system should be within reach without retaining a corporate lawyer.
No doubt this information is somewhere, but judging by the volume of people coming to this forum clearly ignorant of this arrangement makes it clear Ebay is doing a poor job of informing potential sellers.
This forum is barely worthwhile because of the flood of identical posts about MP. Ebay is clearly not doing enough to convey this to sellers.
This is true, but reading endless pages of legal mumbo jumbo should not be a requirement. A high level understanding of the payment system should be within reach without retaining a corporate lawyer.
No doubt this information is somewhere, but judging by the volume of people coming to this forum clearly ignorant of this arrangement makes it clear Ebay is doing a poor job of informing potential sellers.
This forum is barely worthwhile because of the flood of identical posts about MP. Ebay is clearly not doing enough to convey this to sellers.
I agree with the last sentence.
I haven't sold for years but decided to click in to 'selling'help just to check things out.
The first thing that struck me was ebay definitely wants to make it easy for someone to list an item. There's a big blue clickable link that obviously tempts many new sellers, just 'list an item' before they even get to the information below.
For the new seller who keeps reading though, there is quite a bit of information.
The fees are the first thing mentioned-How much does it cost to sell on ebay?
So there really is no excuse for anyone new to say they had no idea of the fees etc as that info is prominent and easy to find.
I pretended to be a keen new seller and started to make a listing and the information on holds is there, in fine print, way at the bottom. It says new sellers may have a hold on funds, usually of about 14 days.
There are other places to find the details but I do agree that ebay could & should make it much easier for new sellers. It wouldn't be hard. Just start with something like-are you new to selling on ebay or are returning to selling on ebay, then go from there with a step by step guide.
There is certainly a clear guide on how to create an account and how to get verification, but I do think there should be a special effort made to present all the information for new sellers in one list and I really don't think the hold on funds is as clear as it should be.
From what I have read, some new sellers are also able to list without being signed up for managed payments either, in which case they would apparently never receive the funds into their account. That is an aboimination too, in my book.
You've been selling since 4th December, so those funds would have cleared by now. It is a rolling 30 days holding period for the first couple of months, after which your funds will be deposited according to the schedule you set up in your Seller Hub.
Just keep sending within your handling time with tracking (preferably) and eventually you'll move to normal payouts.
You have basically answered your own 'question' in your heading
Your funds are on hold because you are new to eBay
As agreed to when signing up to sell and listing your items
You still need to post the items you have sold, you do not get to wait until the funds are released or you will have a very short selling career (due to eBay defects for not posting items within the handling time you specified)
blechkro_0
·3 years agoI am a beginner in this area. This is a really helpful subject for me. The payment method on eBay is something that should be understood in great detail.
sandypebbles
·3 years agoYou are 100% right
Unfortunately, most people tick the 'I have read and agreed to' in the selling terms, where all the information is given in full, when they have not read even one line, and then come here to blast everyone else for them not knowing
p9games
·3 years agoThis is true, but reading endless pages of legal mumbo jumbo should not be a requirement. A high level understanding of the payment system should be within reach without retaining a corporate lawyer.
No doubt this information is somewhere, but judging by the volume of people coming to this forum clearly ignorant of this arrangement makes it clear Ebay is doing a poor job of informing potential sellers.
This forum is barely worthwhile because of the flood of identical posts about MP. Ebay is clearly not doing enough to convey this to sellers.
imastawka
·3 years agoHow hard is it?
Go to Help and type in 'start selling'
Start selling on eBay | eBay
All the info needed is there.
Also for this particular thread, just type 'payment on hold'
Payments on hold | eBay
People need to use the Help button more often
springyzone
·3 years agoI agree with the last sentence.
I haven't sold for years but decided to click in to 'selling'help just to check things out.
The first thing that struck me was ebay definitely wants to make it easy for someone to list an item. There's a big blue clickable link that obviously tempts many new sellers, just 'list an item' before they even get to the information below.
For the new seller who keeps reading though, there is quite a bit of information.
The fees are the first thing mentioned-How much does it cost to sell on ebay?
So there really is no excuse for anyone new to say they had no idea of the fees etc as that info is prominent and easy to find.
I pretended to be a keen new seller and started to make a listing and the information on holds is there, in fine print, way at the bottom. It says new sellers may have a hold on funds, usually of about 14 days.
There are other places to find the details but I do agree that ebay could & should make it much easier for new sellers. It wouldn't be hard. Just start with something like-are you new to selling on ebay or are returning to selling on ebay, then go from there with a step by step guide.
There is certainly a clear guide on how to create an account and how to get verification, but I do think there should be a special effort made to present all the information for new sellers in one list and I really don't think the hold on funds is as clear as it should be.
From what I have read, some new sellers are also able to list without being signed up for managed payments either, in which case they would apparently never receive the funds into their account. That is an aboimination too, in my book.
jellybirddesigns
·3 years agoYou've been selling since 4th December, so those funds would have cleared by now. It is a rolling 30 days holding period for the first couple of months, after which your funds will be deposited according to the schedule you set up in your Seller Hub.
Just keep sending within your handling time with tracking (preferably) and eventually you'll move to normal payouts.
sandypebbles
·3 years agoYou have basically answered your own 'question' in your heading
Your funds are on hold because you are new to eBay
As agreed to when signing up to sell and listing your items
You still need to post the items you have sold, you do not get to wait until the funds are released or you will have a very short selling career (due to eBay defects for not posting items within the handling time you specified)
countessalmirena
·3 years agoDid you read about the hold on payments for new sellers?
countessalmirena
·3 years agoAre you verified for Managed Payments? As a new seller, you should be both ID-verified and bank account-verified.
Read this thread:
https://community.ebay.com.au/t5/Selling-on-eBay/Verifying-my-Bank-Account/qaq-p/2509501/comment-id/38880#M38880
prthpowercleaning
OP3 years agoYes I am