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@digital*ghost wrote:

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@lyndal1838 wrote:

It looks to me that the sticking point is the length of time for funds to clear to ebay before ebay transfers those funds.

 

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The funds clearing to ebay has no bearing on the time taken for ebay to transfer the funds to your bank account.....they will not transfer them till they have cleared.

 

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I snipped the middle as these were the only two points I wanted to reply to.

 

If the buyer's payment doesn't clear instantly, I presume it doesn't shift to the "awaiting postage" section, unless eBay is going to be happy to cover all payments that bounce after telling sellers to post items without them actually receiving cleared payment, so the funds clearing to eBay is not the bone of contention, rather it's the amount of time it takes for cleared funds to become available to sellers to initiate a transfer to their bank account

 

I've only been on MP since Thurdsday (was switched later Wednesday night), and all of my payments since then, while cleared (in the sense eBay told me they're ok to post), but none of the funds have become available to transfer. Going by some other posts / info, it seems I should expect Thursday's funds to become available on Monday, and Friday's to become available on Tuesday, at which point they will pay out to my bank account and take X time to hit that (mine is being paid to a Commonwealth account, so I expect it will be in the next day). 

 

That is extremely slow in comparison to other systems established elsewhere. On Et*y, for example, the funds become available to transfer the next day, without fail, even over weekends, and even if the order was made one hour before it's the next day (at least, for sellers who have been operating for 3+ months. New sellers have to wait 7 days for funds to become available, for the first 3 months). Over there, you can also receive orders where - for one reason or another - the payment doesn't instantly clear, and in that case it's marked with "not Paid" in red, and you are advised not to ship (there aren't awaiting payment and awaiting postage tabs like there is here, unless you create them and manually shift unpaid orders over). 

 

This is actually an issue with eBay - the verification of an online payment either happens instantly or it doesn't. If it happens instantly, eBay obviously tells the seller to post. If it doesn't, then it should be either a declined payment, or awaiting payment (orders that were paid for via eCheque prior to MP were always in "awaiting payment" until the eCheque cleared, then they shifted to awaiting postage). 

 

 

I've mentioned before that this isn't an issue for me, but I feel that's a relatively lucky position to be in, and while waiting up to around a week to have access to cash may not be a huge imposition for some, for others it has at least the potential to make things harder, and in any case, it's a fairly big step back from the availability / accessibility of funds via PayPal. 

 

 

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That's the confusing part - awaiting postage, processing, funds being held temporarily - it says something different depending on which page you're looking at.

We also assume that eBay will cover all payments as they have told us to post, but nothing is certain.

The processing time is a bit much, although we do receive the funds quickly once the transfer is actually initiated.