topic Re: e-Check payments - Why must I accept them? in Selling

e-Check payments - Why must I accept them?

apat09 — Fri, 10 Jan 2014 01:31:33 GMT

Why does ebay not allow me not to accept e-Check payments? It should be the sellers choice not to accept them or not. I get uptight when buyers use them to manipulate prolonging payments.

Re: e-Check payments - Why must I accept them?

mtg-c4rdm4n — Fri, 10 Jan 2014 01:52:13 GMT

Buyers dont use it to prolong payments. Its the same as any bank transfer, takes 3-5 business days to clear..

And why not except it.

Id much rather take an echeque over no payment at all.

Youve made the sale, the payments pending, its a no stress situation. Well at least in my opinion anyways.

Re: e-Check payments - Why must I accept them?

tstore — Fri, 10 Jan 2014 02:01:38 GMT

It is prolonged as most bank transfers done before the cutoff time appear the next morning (or same day, same evening). Buyers then mark you down DSR stars for postage because of this. Payment initiated date also appears as the payment date in eBay when it clears, not when it has been processed - many new eBayers do not realise payment is not instant either and had a few nasty buyers who message me 'where is the item?' 'Why has it not be marked posted' etc.

Re: e-Check payments - Why must I accept them?

digital*ghost — Fri, 10 Jan 2014 02:10:29 GMT

@apat09 wrote:
Why does ebay not allow me not to accept e-Check payments? It should be the sellers choice not to accept them or not. I get uptight when buyers use them to manipulate prolonging payments.

If you offer PayPal on eBay, you have to accept them (there is a setting in PayPal to prevent them, but not for eBay payments). But, if you sell on eBay, you don't have to offer PayPal - the alternatives are Paymate (always CC funded) and direct credit cards if you have a merchant account, so you do have a choice.

Unless the buyer doesn't have enough funds in their bank account to cover the payment, the money is taken from their account within 24 hours, so from their perspective it's not a way to prolong payment, but a safer method to pay for an item where their only other choice might be bank deposit, and for the most part it just delays postage, so while the (completely unnecessary, IMO) clearance delay can be a bit inconvenient, this is a service for the buyer that you have to provide as part of offering PayPal on eBay.

That being said, it's not unheard of for buyers to intentionally pay without having enough funds, and I know that could get quite frustrating if it happens regularly. I've had a few do that with bank deposit payments, too (that is, tell me they've paid when they haven't, but at least with a PayPal eCheque they can't do what several have done in the past with bank deposit - intentionally pay less than the total due).

Re: e-Check payments - Why must I accept them?

putney32 — Fri, 10 Jan 2014 05:28:25 GMT

I like echequ payments, unlike payments made via a c/card on paypal, an echeque payment cannot be done as a ''chargeback'' weeks or months down th line

echeque good

Re: e-Check payments - Why must I accept them?

ajarnjenny — Fri, 10 Jan 2014 05:51:11 GMT

I don't mind if they pay with an e-cheque, but I do mind when they email you the next day saying that they have noticed that their item still says 'unshipped', and you offer 1 day shipping, so why haven't you posted it?

Re: e-Check payments - Why must I accept them?

i-once-was-bump — Fri, 10 Jan 2014 10:39:18 GMT

d*g it takes at least two days from the Paypal transaction to when the funds are taken from my bank acocunt and when receiving an e-cheque as a seller it has taken 3 or 4 days to get the email from Paypal that it is OK to post the item.

However when I make a payment it states it is instant because of the credit card back up.

Re: e-Check payments - Why must I accept them?

digital*ghost — Fri, 10 Jan 2014 10:51:07 GMT

@i-once-was-bump wrote:
d*g it takes at least two days from the Paypal transaction to when the funds are taken from my bank acocunt and when receiving an e-cheque as a seller it has taken 3 or 4 days to get the email from Paypal that it is OK to post the item.

However when I make a payment it states it is instant because of the credit card back up.

Could be dependent on the bank, I guess - I haven't paid with an eCheque in a really long time but I do sometimes fund from my bank account (with debit card as a backup so it's processed as instant) and my balance goes to that "half-way" stage immediately where my balance is still the same, but available funds are less the amount sent.

Paper cheques take a few days to clear because there's a physical item with a signature that needs to travel to the issuer's bank to be verified - no such thing has to happen with an electronic payment via PayPal, so the processing and clearance times are completely unnecessary, IMO.

Re: e-Check payments - Why must I accept them?

gem-boy-g — Fri, 10 Jan 2014 11:08:37 GMT

I always send a message to echeque payers thanking them for their payment and pointing out that it takes a few days to clear, then tell them I'll let them know when the item is posted.

Re: e-Check payments - Why must I accept them?

*crikey*mate* — Fri, 10 Jan 2014 11:16:33 GMT

question: when someone pays by eCheque, doesn't this show up on their info page?

Re: e-Check payments - Why must I accept them?

digital*ghost — Fri, 10 Jan 2014 11:29:18 GMT

@crikey*mate wrote:
question: when someone pays by eCheque, doesn't this show up on their info page?

There have been reports of PayPal processing payments as an eCheque when the buyer expected them to be instant due to their funding source (I vaguely remember in one instance, it was shown as cleared on the buyer's side, but a pending eCheque on the seller's, but even if that does happen, it would be a rare exception), other than that, some just don't know how long it takes to clear to the seller, and/or don't look at all of the available information.

I send messages too, explaining how I process orders paid that way etc, and so far they seem to have served me well.

Re: e-Check payments - Why must I accept them?

5kazam — Mon, 13 Jan 2014 04:00:15 GMT

They are not prolonging payment. All it means is they do not have a CREDIT card linked to their PayPal account.

And so PayPal dreamed up this idea of an e-Cheque. Whereas with normal banking practice it takes 3 days for a paper cheque to clear, PayPal stretches it to 5 days, even though the money has been taken from your bank account on the day payment was made - wonder how much money PayPal makes on the short term money market...!!!

Re: e-Check payments - Why must I accept them?

5kazam — Mon, 13 Jan 2014 05:42:47 GMT

Meant to also say that even when I did have a credit card linked to PayPal, any purchases came out of my everyday account, never paid by credit card.

So really it should be the equivalent of an EFTPOS transaction - if you've got the money in your account to pay, then the transaction should be approved immediately, there is no need for a 5 day delay by PayPal. PayPal's got the money, the seller has to wait.

Re: e-Check payments - Why must I accept them?

boggo58 — Mon, 21 Sep 2015 05:41:59 GMT

?????? It takes up 4 WEEKS to clear a Echeck. How you come across its the same as a bank transfer. or a personal cheque that takes only up yo 5 days.. I better take another drink

Re: e-Check payments - Why must I accept them?

cmcoins2000 — Mon, 21 Sep 2015 06:14:46 GMT

@5kazam wrote:
Meant to also say that even when I did have a credit card linked to PayPal, any purchases came out of my everyday account, never paid by credit card.
So really it should be the equivalent of an EFTPOS transaction - if you've got the money in your account to pay, then the transaction should be approved immediately, there is no need for a 5 day delay by PayPal. PayPal's got the money, the seller has to wait.

Ah - but PayPal - get up to 5 days interest on all that cash - before having to pay it back.

Re: e-Check payments - Why must I accept them?

lyndal1838 — Mon, 21 Sep 2015 06:16:54 GMT

Four weeks?? You must be joking?

Are you sure they are not being rejected because the buyer does not have enough funds. Paypal will try again to collect the funds.

Re: e-Check payments - Why must I accept them?

davewil1964 — Thu, 24 Sep 2015 13:05:18 GMT

@boggo58 wrote:
?????? It takes up 4 WEEKS to clear a Echeck. How you come across its the same as a bank transfer. or a personal cheque that takes only up yo 5 days.. I better take another drink

Maybe you should check with your bank before reviving an almost 2 year old thread.

I doubt you would find anybody (other than you) who would be silly enough to let an e-cheque payment pend for that time.