Just a heads up I received this email from Ebay yesterday
Your funds will be available for payout once we receive delivery confirmation
We are making changes to the way we process payments on eBay. Going forward, we’ll make your funds available for payout within 48 hours after we’ve confirmed delivery of the item. Until then, you’ll see a “hold” on your funds. This process helps keep our marketplace safe.
It’s in the new Payment Terms and Conditions starting 4th February 2025. For private sellers funds will not become available for payout until 48 hours after delivery confirmation. If there is no confirmation, i.e. untracked or just not updated, it is 14 days after presumed date of delivery.
I was laughing this weekend. Totally forgot to bid on a bike for my lad, ended up unsold and relisted. So I messaged the seller and offered him £50 for it, and he accepted. But even though eBay weren’t making any money out of the transaction, the old message spies were all over us in minutes making sure we completed the sale through eBay, even though literally no-one benefitted.
It must cost money to keep that sort of shit up, which makes no sense why they’d bother chasing people for no money.
Well is back to Craigslist and Reverb for sales. If there wasn’t a pending recession I’d say this would kill eBay.
There will certainly be a lot of unhappy sellers filing complaints. Not to mention all the overdraft fees buyers will get hit with from their banks when a transaction is randomly drawn a week later. They do need to cut down on the fraud, but 2 business days after delivery, not to mention bank process time is ridiculous!
This is constructing a massive impediment for users, everyone expects payment shipping and deposits nearly instantly not days/weeks later.
Just experienced this exact issue while selling a synth. eBay member since 2014 or 2015 ish with hundreds of transactions and perfect score feedback. Never using the site again.
I never send the goods until I have the money in my bank account, so for me, in this scenario, I would be cancelling the sale and not using eBay again.