As a new seller, Ebay are holding my profit for 21 days. will they invoice before funds are released

As a new seller, Ebay have advised that they will hold on to my funds for 21 days. Will they take the fees before that money is realeased to me? Also, is there a set date of the month that they take the fees? 

Many thanks

 

Accepted Solutions (1)

Accepted Solutions (1)

Ebay's selling fees are applied the second an item is bought or an auction won, not when the buyer pays. This is because payment can be made in ways other than PayPal, such as cash on collection, cheque, postal order, bank transfer, and so on.   All fees are instantly added to your Ebay account (any listing fees incurred are added at time of listing), and you are billed for these monthly. Ebay will send you an email well in advance to let you know the date they'll be called for.

 

PayPal's fees are taken when your buyers' payments hit your PayPal account.

 

Everything you need to know about selling on Ebay - including how the 21-day payment hold works (and how it can be released earlier), and how Ebay's fees are applied etc - is in the Seller Centre (link at foot of any page). You also have the Help pages with their integral search to refer to (links at top and foot of any page). 🙂

 

@karen0001 

 

 

Answers (1)

Answers (1)

eBay take the fees as soon as the item sells, whether you list the goods via an Auction listing or as a Buy It Now.  The reason for the twenty-one day hold is because eBay don't know if a new seller is a genuine seller who can be trusted, or a scammer who's just going to take the money and run.  However, once you start accumulating a lot of positive feedback from happy buyers and show a consistent pattern of receiving positive feedback eBay are more likely to relinquish any selling restrictions on your account, and should allow you a higher sellilng allowance, both in terms of the maximum amount of items you can list each month and the maximum amount that you can earn each month from sales.

 

When you post sold items out always upload the tracking number as quickly as possible after posting the item to the buyer.  That should help to minimise the risk of a buyer opening a false Item Not Received case against you, as if you can prove to eBay that the item was indeed delivered to the address that was given to you by PayPal then the buyer's case will fall to pieces and eBay will decide the matter in your favour.  

 

Another advantage of always adding the tracking details is the fact that it also expedites the release of the payment into your PayPal account.  If you don't add the tracking details then it will delay the release of the funds into your account.  However, as you become a more established seller on the site and end up with a good reputation PayPal will relinquish the twenty-one day hold on your funds, in which case if you sell items after you've been selling regularly for a while then you should find that the funds are made available to you straightaway.