New payment method via Ebay payment

[albert-jackson]

I sold an item and was told by Ebay to post the item, the buyer expected to receive it, I told the buyer I had not received the money,  he said the money had gone from his account, I refused to send it until I received the money in my account.

After two days Ebay informed me that it was arranging to send my money and it could take up to four days for me to reeceive it,  no way will I release anything until the money is in my account.

At least with PayPal it showed up immediately,  I am not at all happy with this new payment system.

AJ. 

[redwick1]

You dont seem to have grasped how the new managed payments work

The buyer pays and ebay takes the payment

You post when they say they have it

You cant wait until you get the money in your bank. It can take a few days especially if it is over a weekend or a bank holiday

Then once ebay have taken their fees then they put the remainder into your bank account

If you dont post the buyer can open a not received dispute and if you cant prove Delivered

you will have to refund possibly get bad feedback and a defect on your account

We all have to use this system now if we want to sell and it seems to be working OK

https://www.ebay.co.uk/help/selling/getting-paid/introducing-managed-payments-ebay?id=4795

[albert-jackson]

Rest assured I do grasp it, electronic payments are instant just as the payment is from the buyer to Ebay, Ebay take that instantly, the hold up for whatever reason is for Ebay to pass that payment on to the seller within the same time frame is a problem.