Faster payment for lower cost items

[jckl1957]

The new faster payment for items under £10 seems to now be up and running.

I sold a necklace for £7.95 on 16th Feb.  Sent untracked.

Buyer has left positive feedback and the payment (£10 including postage) is available for me to withdraw today.

From the Ebay Announcement:

We’ve also heard your feedback and understand that shipping costs are particularly top of mind for low price items. When you’re selling a single item for £10 or less, and it’s sent untracked, funds will now be available 24 hours after you receive positive buyer feedback. This will be live by the end of February.

[**peaseblossom**]

Thanks for letting us know.     🙂

[cliffwebbimperial]

Great for sellers, and I am glad for them, but why cannot buyers choose not to have tracked etc. for under £10 items where it adds huge percentage

[jckl1957]

It is not the buyer's choice.  It is the sellers' choice.

Items under £10 and under 100g in a wide range of categories can still be sent untracked if that is what the seller decides.

I send small items under £10 with a Large Letter stamp on and charge £2.05 which coveres the postage, a new padded envelope and bubble wrap etc.

Tracked postage is, in any case, for the seller's protection as they have to refund any buyer who claims an untracked item has not arrived.

[tressygirl]

There's been an update on that value for when feedback kicks in and releases a payout sooner,  it's now items under £25 .

We’ve also heard your feedback and have expanded the scenarios where funds will be released after positive buyer feedback is received. When you’re selling a single item for £25 or less, funds will be available instantly if positive feedback is received from the buyer*. This will apply on both tracked and untracked orders. This change will be live mid-March.

I can't keep up with all these changes, @jckl1957  🙄  😐

[a45heaven]

What are they measuring their systems merits against ?

Have they forgot Paypal did, and still does on other platforms,  give the seller funds in their bank instantly when the Buyer pays.

However they dress it up , it still comes very short.