@oz-e-seller wrote:
I'm thinking of changing to weekly payouts, just to simplify income a bit. Only have to check the bank once a week etc. Any reasons against weekly payout that y'all can think of? Postage costs upfront aren't a concern as I have a large buffer to cover that. Are there any other issues that might crop up that I'm not aware of?
I do weekly payouts in 3 out 4 shops (only one of those is on eBay), the fourth I have set to monthly as it's not as high turnover as the other three. Very occasionally am I tempted to do a manual withdrawl (which is an option, I guess on ebay you would have to temporarily switch to daily for a bit, then switch back).
I'm pretty happy with this setup and haven't really ever considered going to daily. One of the main reasons is if you have daily payouts, and need to do a refund, the other sites draw on your attached bank account if your site account balance is $0 (and with one of them, this can incur foreign transaction fees, which I want to avoid), so I like to have available funds as much as possible. I used to think if there was an option to have say a $100 "float" in a payment account, then I might consider doing daily, but I'm used to having lump sum payments now, rather than dribs and drabs. I guess the biggest plus side for daily is that if there's a stuff up on a payment, it will affect a smaller percentage of your weekly revenue.
PS I did a refund via ebay the other night for a buyer that overpaid postage - I had $0 available funds as my first payout had been initiated, but there were funds in "processing" and the refund was taken from processing funds, in case anyone finds that info handy.
