Quote:
Originally Posted by Sly
eBay recently instituted a holding period for newer sellers. Sellers will not receive their money until X amount of days have passed, I think 21.
There are a number of requirements that must be met to take this hold off. The one requirement I am stuck on is amount of feedback. You need a minimum of 25 feedback. I have 12. I sell very high ticket items, so my volume is very low.
To get around this I can start selling cheap items. This is doable but a lot of work and time will be involved.
My question is, if I purchase 13 cheap items and get good feedback from those, would that count towards my minimum of 25?
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Dont' count on the feedback of 25 to remove your hold. We run quite a few accounts, and several of them have been selling for over 10 years now and still had the hold placed on them. Some have not, and there does not seem to be any pattern that we can figure out with their logic. All of our accounts are 100% feedback positive, and a few are also power-seller and top-rated seller status. Some of our accounts even use the same PayPal account and some of the transactions the money will be held and some wont.
From what I gather this is possibly a testing phase they are doing where they will ultimately roll it out across the board holding all funds first, but who knows. Basically we have just learned to deal with it for the most part, but it certainly is annoying.
I've actually heard rumor also that eBay will at some point be moving to collect the monies themselves and will then payout after the holds, whereas the money wont even go to you, it will go to ebay, held and then at a later date, you will be paid. Ultimately removing your ability to even get to know who the customer was at all via the email address to begin with like you do now when you get paid via paypal.
Their process definitely sucks, and if you check out their forums lately it is pretty much one huge bitch-fest about the whole process.