Local Collection - when is the sold fund available to business seller?

[diytoolbox]

If item is arranged for local collection, buyer pays, arranges collection with the seller.

Buyer comes along with the collection code / QR code number sent by eBay, and gives it to the seller.

Seller writes down the collection number (or scan the QR code), and hands over the sold item to the buyer.

Buyer has gone away with the good, but the business seller still has no fund received.  Is this the case?

When is the funds available to the business seller?

In this case - the status of fund availability after the good was collected by buyer, same for private and business seller?  => not yet available until the code entered / QR code scanned, and wait for a day or two until funds come from eBay?  Or is it not the case?  Not sure how it works, as never experience this type of transaction.

[tressygirl]

There have been some recent changes to receiving payouts that is if your account is in good standing as below, your payout may be received within 24 hours of the buying paying:

Your account needs to:

• Complete at least 10 sales with a total of £150 or more within the last 5 years 
• Maintain 2 or fewer cases in the last 12 months 

Also, if you are a new or returning seller your initial payouts may be held a little longer.  Returning to sell after a break, sudden selling activity raise red flags to eBay as it could be a sign of hackers using the account,  so payouts are held can be up to 21 days until eBay are satisfied the genuine seller has returned to sell on the account.

@diytoolbox 

[diytoolbox]

So, when buyer paid for the item, and still to arrange collection, within 24 hours, the funds will be available to the seller to withdraw (if the account is in good standing)?

Would it be the same for business and private sellers?

[*vyolla*]

Once the code has been entered then your payment should be paid out within 24hrs unless there's any kind of hold on your account.

If a code isn't entered then payment may take 14-21 days to be released for a collection item.