06-08-2024 12:37 AM
I've sold over 2,000 items regularly. If someone buys an item on Monday, I usually receive the payment in my account by the next morning. The processing time typically takes 30-60 minutes. However, over the last week or two, I've been waiting 24-40 hours for sold items to be processed and available as funds. For example, today is the 5th, and one transaction has dragged on to the 6th, taking more than 24 hours. Has anyone else noticed delays in payouts and processing times?
06-08-2024 2:19 AM
21-10-2024 12:06 PM
Yes mate something is definitely going on literally for the last few months all my sold items are taking 24 hours or more to process my funds used to be available asoon as someone paid now eBay are holding that money until midnite before releasing it , eBay has gotten terrible to sell on they charge extremely high fees there's no buyers on there no more everyone just watches items and sends ridiculously low ball offers for everything I don't think eBay is the way forward any more since they took over gumtree that's also gone down hill everything U try post on there says it's against there rules never had this issue in all the years I used gumtree now literally anything I post on there is against the rules , eBay I believe are plummeting and the sellers are paying for it
05-11-2024 1:13 AM
Mine is taking days so ovwr my processing linot time and struggle to get it sent out on time as need to pay for the goods before I can post
20-11-2024 7:50 PM
I experienced the same sort of delay. They takes 48hours for crediting money even to my ebay account and then if I withdraw money that takes another 48 hours. In result, eBay holding sellers money with them 4 days and I have made complaints about this. They say, that’s the processing time!! In the modern era of electronic transfers, I can’t believe eBay needs 4 days processing time/ holding time to actually release the money to a bank account. They say money in eBay account can be used for purchases on eBay. This is ridiculous as it only took few hours in the past.
20-11-2024 8:13 PM
"as need to pay for the goods before I can post" does that mean you are dropshipping ?.
You might want to make some of your items "private" 🤐
25-11-2024 10:28 PM
That is how they are making their money now by gaining interest on it by delaying everyone's payouts... I am thinking of packing ebay in.
25-11-2024 10:31 PM
They are holding on to OUR money to gain interest on it... Thinking of packing ebay in myself.
26-11-2024 3:55 AM
And the new regulations and the fact private sellers don't pay fees but businesses do and still have to pay for the shop.I had 2 bad reviews due to the courier and ebay put me to below average seller after I was a top seller.I have 184 good reviews and 2 bad so pay more charges.if I sell something for £110 and cost me £85, I make -36p profit *bleep* is that all about.I would start Amazon but i a one person buisness and need the payment from Ebay to buy off my supplier and amazon pays every 2 weeks, so had to extend my handling times by 2 days and as now below Standard then I can't promote my items.
19-01-2025 4:30 PM
I work as the Treasurer for a major Fortune 500 firm, which includes a large cross-border payments business
The eBay payment processing for transactions can easily be done within less than 30 minutes (especially given that they are small-value payments).
The long eBay processing has nothing to do with security checks (since 99% of transactions are between existing customers nor does it have anything to do with external intermediaries like PayPal, Visa, Mastercard etc).
By holding payments from buyers to sellers for short periods of time, effectively gives eBay free money and allows eBay to earn additional interest income (and a lot of it).
According to the most recent eBay Financials, eBay has on average 2 billion transactions per day, which equates to over 500 billion transactions per year.
Assuming the average transaction amount + the cost of postage is $10 (it could be a little less or even a lot more), but at $10 per transaction it means that eBay is holding $20 billion of cash on average in its bank accounts every single day because of this new/updated so-called "payments processing". And because it is being done on a rolling basis (i.e., when eBay payout $20 billion to sellers 24 hours after receiving the money from buyers, it is simply replaced by the next day's $20 billion of payments from buyers, which will be held by eBay for at least 24 hours).
As such, eBay is effectively using money that technically belongs to the sellers as free money and earning interest on it.. all without compensating the sellers for these short term loans that they provide eBay.
A simple calculation shows that the additional interest earned by eBay from holding the funds for just 1 extra day is material. If interest rates are at 5%, eBay earns an additional $1 billion per year in interest by delaying payments to buyers for just a single day.
Sellers will notice eBay has no payment processing time issues when it comes to taking listing fees or advertising fees from buyers upon a sale. These funds are taken immediately.
Buyers will also notice that oddly eBay has no payment processing time issues when it comes to taking payments for goods purchased. Such payments are moved instantly from the bank accounts of buyers to an eBay bank account.
It's just when money has to be moved from an eBay bank account when suddenly it takes eBay time to process payments.
As mentioned, I work as the Treasurer of a major listed company with nearly $100 billion in revenue and deal with more than a 100 currencies both at an institutional level and at a retail level, and for retail payments (which is what eBay deals in), there should be no payment processing delays for small value payments (i.e., less than a million dollars per transaction).
Hope that helps.
19-03-2025 6:20 AM
Sold an item on Saturday, buyer collected same day and collection code entered at point of collection. Today is Wednesday and funds still not available. I'm value £120, feedback in excess of 500 with 100% rating.
Have vowed now not to sell in ebay as many more selling platforms about.
My pet hate is the Buyers protection fee, this is unfair to buyers as inflates a selling price, note this only applies in the UK at present so another ripoff for buyers.
Tend to purchase more from Amazon since the implementation of the buyers fee, prices are often now cheaper on Amazon and deliveries are significantly faster.
Sure eBay will not care but hopefully people will wake up to the ripoff buyer protection fee, be interested to see what would happen if they implemented it into the states.
Rant over, have a great day.