Ok so I have just made my first sale on ebay. The funds are now in Pending. The buyer is collecting tomorrow. How do the funds get transferred to my account as he collects
As this is your first sale on eBay, funds can be held for up to 21 days as per the agreement. As the buyer is collecting the item there will be no tracking or delivery confirmed, so as has happened with me it is possible the funds will be held for 21 days then released. This will happen until you have a good seller status and after 90 days since your first sale. Hope this helps. Kudos are good for the soul.
Ebay and Paypal are 2 separate companies and have 2 separate policies for holding funds for 'new sellers'.
If yours was an Ebay transaction then its an Ebay hold and Ebay authorise when paypal can release the funds. Normally for Ebays hold funds are released when tracking shows the item as delivered + 3 days (if you use Ebay / paypal postage).
You should never use paypal for an item that is to be collected or personally delivered as you have 0 seller protection.
Your buyer can collect the item and then file a dispute for non receipt of item. As you would have no tracking number to prove delivery of the item to him then you would lose the dispute.
That is why Ebay give you the option of 'cash on collection' and you can state in your decription that that is the only payment you will accept. If a buyer pays with Paypal then you are allowed to refund that payment and re-state 'cash on collection'.
That way you have cash in hand / no wait / no fee / no risk of a dispute.
Advice is voluntary. Kudos / Solution appreciated.
