Automatic Payments from eBay

[knit-in-styles]

Does anyone know if you can stop the automatic quarterly payments that eBay will make to your bank account? My account is set up with "on demand" but each quarter eBay send the funds through to your bank.

Since giving up my Royal Mail business account I now purchase postage through eBay so always keep a few pounds in there to cover potage costs, more so on my private account where I may have to wait for up to 2 weeks for the funds to be cleared. 

eBay have today taken all the funds from both my business and private account which means any sales over the next few days I am going to have to create single payments back from my bank for each postage cost. Even worse my shop fees are due today and my balance in my eBay funds is now zero so again, they are going to have to withdraw this from my bank account.

[therenewalworkshopltd]

As far as I'm aware it's simply not possible to make Ebay keep hold of your money.

And the longest period that you can leave it for is 3 months.

So as an alternative, why not take some of the money withdrawn and put it in a paypal account, then use that to pay the postage?

[knit-in-styles]

Thanks yes I could do that. I can understand eBay paying the money after 3 months IF you have not withdrawn any. I should have said in my OP I take out money weekly and as I say leave a few pounds in to cover postage so the fact I am taking it out on demand which is normally weekly, you think you could stop the automatic quarterly payments.

I have read through the info pages and clicked about the payments section from my hub and I cannot see that you can stop this.

kat@ebay dave@ebay  Could this be fed in please as a suggestion.

[bravergrace]

If you purchase postage through eBay, can't you use your eBay balance "on hold" to fund that purchase?  I'm sure this used to be possible - but I haven't tried it for years, so I may be out of date here.

  I mean, if you sell an item for £15, and the postage costs £3, eBay USED to allow you to buy that postage out of the sale proceeds, even though they were technically still on hold.

[knit-in-styles]

I don't think it does. I haven't sold anything this morning but will check and report back if I do. I am pretty sure since the recent changes it does not take from pending funds. It definitely doesn't on private accounts.

[vinylscot]

I can see the point of the compulsory payments, but it's rather a blunt tool. I have small balances in Paypal, and another online platform, and, to be quite honest, most of the time I completely forget about them.

It shouldn't be beyond eBay's capabilities to only make the payments to those who have had no transactions, in say the last fourteen days. (Perhaps there could also be a maximum amount which could be held?)

The issue with the monthly shop subscriptions is just plain stupidity from eBay. I'm in the same boat as OP; a payment will be taken from my bank account although I had funds sitting in my eBay balance on the day that payment fell due (this happens every time the first of the month is a Tuesday). Again, it shouldn't be rocket science to deal with shop subscription payments before sending payments out to sellers. Not doing so just gives everyone a bit more admin - eBay, the banks, and the sellers. How pointless. If they can't time the payments properly, they could at least introduce an option for sellers to keep a certain amount in their balance to cover subs.