If You are new to EBay, PayPal may hold funds until you establish history with EBay. Because you are a new seller with EBay, while you establish your selling track record, buyer payments may be held. These holds will continue until all three criteria are met:
• It’s been more than 90 days since your first successful sale
• You’ve had more than 25 sales transactions with US buyers, and
• You’ve had more than $250 in sales
EBay wants to make sure that customers are receiving their items and in a timely manner. This hold is explained and how to speed up the process in Module 12 of the Pro training. Once your tracking number is put into eBay and PayPal the funds will be released within 72 hrs. after delivery to the customer. During this time you may have to pay for items up front until the criteria above is met. That is why it is suggested in modules (I believe it is Module 12) to sell small items that you are able to possibly pay the cost up front or sell items from around your home until the holds are lifted.
For the small items, put the item in to the shopping cart as if you are going to purchase so that you can get the total cost. You can just add the shipping and handling to the cost plus 8% to cover possible taxes to the buy it now price so that you can continue to offer free shipping for the items…or just add shipping to your listing.
I had PayPal holds as well when I first started. It is temporary until your history is established and when you provide the tracking number, and once the item is delivered your PayPal funds are usually released promptly within 72 hrs.
If you have any questions or need assistance please do not hesitate to send me a message on Facebook: http://facebook.com/adriane.e.jolly
~Adriane
~Adriane
No comments:
Post a Comment