Ebay/Paypal has started holding funds for up to 21 days until customer receives item & leaves positive feedback. New policy apparently.
So meanwhile I had to ship my item (out of pocket) without receiving funds. Sounds crazy right?
Apparently If you haven't sold much in awhile they put you on new seller status & penalize you by holding your money.
Your basically at the mercy of the buyer, they can- claim they never received item, leave negative feedback etc. Totally leaves seller open to scam.
Also your money is earning interest for a cool 21 days.
What's more is that Ebay & Paypal has collected their fees.
Can you believe this shit?
I hear this is happening to a lot to people on Ebay.
Know of any good alternatives?
Replies
Braxton,
Understand your frustration, especially with eBay / PayPal setting themselves up as arbiters, but it could be worse. Did you ever read these?:
http://en.wikipedia.org/wiki/The_Weapon_Shops_of_Isher
Tom said:
I am both a seller and buyer and use both PayPal and Ebay. And while it was close to a year since my last sale/purchase I did not experience this pattern you mentioned. I am sure its about the money. Always sems to be, but I see it as a great customer protection plan. Lots of crap beig sold out there. And there is always confirmation delivery to be had.
And it sounds like once over the newbie hurdle ( and there are always hurdles ) you're getting the monies due right away.
Another thing -- where's the checks and balances to say that a buyer who doesn't report receiving the goods OR doesn't leave feedback is penalized?
-WY
Interesting. Of course, I have had no issues, but then again I would say its a matter of time. According to PayPal policy:
So for some reason, It seems ebay/PayPal are trying to curb and scammers which I think is not going to work as its buyer-centric and buyers are the ones who in my opinion would be the ones scamming. If you pay, and it ships, release the money. Whats to say a buyer will ever leave feedback at all OR how will PayPal ever really know if the item was received?
Sounds like a cluster-F if you ask me.
-WY
keni lee said it best...EBAY IS KING....period............just deal with it and the cash will be there, They do that to everyone from time to time., me too.....and Esty and Amazon and all those other sites will not give the exposuer and sales that ebay will..expect to really starve and end your sales......its sucks, but as long as your selling just stay a step ahead and you be jammin'!
Keni Lee Burgess said:
Hello Braxton,
I understand your frustrations, but as far as online selling goes, Ebay is king.
You have a choice to play by their rules or leave.
They are simply a large "publically traded" corporation that makes money by providing a venue for sellers to list their goods.
They need to pay their investors and find creative ways to bring in more revenue.
If you consider the three charges; listing fees, final value fee and pay pal fees, you are well below the expenses needed to sell in a physical retail store. You need to price accordingly. Many times customers are not aware of all these expenses.
I have tried Amazon, but it is not as easy as Ebay. I found the problem to be the listing titles and finding my items.
I believe they are better for brand name items that have UPC codes. (You will need to purchase these too) Like selling a Sony color TV etc...
The real trick is to attract attention to your product through websites like youtube, facebook, etc.
Then customers will just go were you direct them.
Simply, you need money to make money. Ebay has grown well beyond your basic home owner selling their junk.
I have read online information about this change. As large retailers see the public's interest in ebay, they are moving inventory onto it too. It may be just a matter of time until finding items will be rather difficult.
I hope you find this information helpful, Keni Lee