Managed Payments - slow bank payouts?

[bbqhqnet]

Hi guys, has anyone else been affected by increased wait times for eBay sales funds to come across to your Bank accounts? It used to be 18 - 24 hours with PayPal - now seems to be taking DAYS?

Steve

[davewil1964]

12 hours later that the money still hasn't even left eBay

Correct.

It is usually next day, then transfer time to bank account.

As you're not paying postage, it hardly matters, does it?

[aussiecooter]

Yes it does matter. It's none of your business about what matters to me or not.

Postage has nothing to do with anything.

I've not changed anything, sLowbay has.

Turns out my first "Daily" payment under sLowbay, has only just left the sLowbay's system after 2 days and is still yet to be cleared by my bank until they open later after 9am (5.20am at the moment) today.

Ridiculous. ☠️

[austparrot]

Previously with Paypal, when buyer purchased money was there immediately and could be used from Paypal.

My experience with new Ebay system processing takes 2 - 3 days and to Bank takes 1 - 2 days, even through have payments set to daily. Also, seems weekends extend processing.

[biotech_qld]

Correct, so ebay sales slump big time. It takes 4 days to receive money. You have to keep hundreds on hand from other savings to cover freight. Paypal was instant with a 1% fee and I used to purchase a lot off ebay with my sales money. Not now, paypal is empty so I buy nothing. F them

[davodinkem]

yeah payments are a joke now. i dont even think i can sell because i dont even have a driver license or passport. now I will never get the money from the items I sell. ebay owns paypal yet the change the system. if they really wanted more control over fees cant they deducted fees before going into paypal account? why does it have to be a bank account now? stupid

[padi*0409]

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@davodinkem wrote:

yeah payments are a joke now. i dont even think i can sell because i dont even have a driver license or passport. now I will never get the money from the items I sell.

All your listings show G Pay as a payment system so you are already on MP, and if you don't provide the ID they want then you won't get your money.

ebay owns paypal yet the change the system. if they really wanted more control over fees cant they deducted fees before going into paypal account? why does it have to be a bank account now? 

Wrong, eBay does not own Paypal, they separated years ago............

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[robbins3910]

Hi, yes I'm finding that.

When I sold something the funds went into Paypal immediately and I could post straight away which is what I prefer.

Now I have to wait 2 to 3 days for payment into my bank account.

I sell rarely so have sympathy for the big sellers.

Thanks

Melissa

[jillywinkle]

My payouts also take 3 days. I am with ING bank. It's regular but painfully slow. Three days. Pathetic. Etsy also do the managed payments scheme, but it's only 2 days wait there. And like clockwork...jilly

[katistrophik]

Just FYI to all posters : Shipping can be paid out of pending funds so you do not need extra cash on hand

[davewil1964]

Only if the seller uses eBay labels.