I just sold an A-2 for $250 and only received $210, eBay kept $40! What a rip offSo with the break away from Pay Pal for getting paid from an EBay sale, you must now provide all of the same information about your checking account and bank routing numbers to EBay by a certain date or you will not be allowed to sell on EBay . So I complied and followed the I instructions provided, because occasionally I’ll sell a few things on their site. So now the new procedure is that you sell your item and the buyer pays EBay the money. Now prior to this new system you could see that money hit your PP account within minutes and know that the money was paid and ship your item ( often all in the same day). Now however , the magnificent idiots at EBay hold on to your money for between 2 and 5 days before it goes into your personal checking or bank account . Now I used to have a certain amount of personal pride by mailing out my sold item on the same day I was paid , because that’s what I would like to have happen if I bought something . It used to piss me off when I paid a guy on Monday and he didn’t ship it out until Saturday . Well now that the magnificent idiots have gotten involved the confirmation of payment process takes 2 days and then what they call the “Pay Out “ process can take another day or two before you see the money in your account . Now here’s where the it gets interesting , from what I can see , EBay still expects you to ship your item out within a 3 or 4 day window or face a naughty feedback report from them and the buyer . So from what I’m understanding EBay expects you to have faith in their oversight and ship your item without actually having the money in your account prior to the shipping . Well with a $900.00 Good Wear …. That ain’t happening Heisenberg !!…Now if I’ve gotten any of this screwed up or wrong please anyone feel free to correct me …actually I hope I’m wrong because I just sold a jacket that the buyer paid for according to EBay, but I have no money in either my PP or my checking account and I’ve been instructed by EBay to ship the jacket by Thursday . So I saved the best part until last . EBay sells this new program by telling you that it will expedite the transaction and will save you money because PP fees have now been eliminated . However , it seems that EBay added a small handling charge to complete the financial exchange for the sale and while they did save the seller money it was about 4 tenths of a percent .
Waiting to hear you from you guys and any experience you’ve had with this new system .
Someone please tell me I’m wrong about all this .
Or vice versa me buying from UK to Spain, sadly I get heavily stuffed by customs now
Yeah, I buy and sell on vintage European sites now, easier without all the red tape and bs, I used to sell lots of militaria to the UK about 5 years ago, some good stuff sourced here in Europe, Pitney Bowes waded in later and handled shipping for fleabay
Continually Smithy, I don't blame you, I've been shafted a couple of times, once on a antique Zulu shield I sent to a guy in the UK not telling me he redirected it and sent it through Australian customs for him to collect when he was home, obviously they seized it, animal product, he should have know better, I lost all, greed bay found in his favour
