1. Please take 30 seconds to register your free account to remove most ads, post topics, make friends, earn reward points at our store, and more!  

What is "cleared" payment?

Discussion in 'Off Topic [BG]' started by Bob Clayton, Aug 30, 2008.


  1. Bob Clayton

    Bob Clayton My P doesn’t have flats or tort Staff Member Supporting Member

    Aug 14, 2001
    Philly Suburbs
    When selling something on eBay, what is considered a "cleared payment"...

    When their money is in my PayPal account?
    or
    When the money is done transferring from PayPal to my bank account?
     
  2. fenderhutz

    fenderhutz Supporting Member

    Jan 28, 2007
    Harpers Ferry WV
    I am guessing to your bank account, about 3 business days.
     
  3. Bob Clayton

    Bob Clayton My P doesn’t have flats or tort Staff Member Supporting Member

    Aug 14, 2001
    Philly Suburbs
    hey steve,

    i read that too, but they didn't specify whether they meant the paypal account or the bank account. i just sold something to someone, and he bought it using the buy it now feature. and he's pissed off that i'm not shipping immediately because he paid immediately.
     
  4. Trevorus

    Trevorus

    Oct 18, 2002
    Urbana, IL
    I'd generally say when they are free and clear in your paypal account. Somtimes an e-check takes a bit to clear. If that's what it is, tell him to just wait until it clears. When it's a regular paypal transfer, it's your money right then, so ship asap in that case.
     
  5. You can't just walk into a convenience store, pay with a bank card, and walk out without making sure the transaction is actually completed.
     
  6. Steve Clark

    Steve Clark

    Jan 9, 2004
    London ON
    I never think of buy it now as ship it now. I think of it as I'm not waiting for the auction in case it goes too high for me so I'll buy it now and avoid the rush.
     
  7. +1

    Also, if it's free shipping, just say you need the money to ship the item :D
     
  8. fenderhutz

    fenderhutz Supporting Member

    Jan 28, 2007
    Harpers Ferry WV
    Actually. If the money is in your Paypal account. Paypal considers the transaction a done deal. You have your funds if it was an instant payment.

    What you do with your money at that point is your business and shouldn't affect you shipping an item.

    If he paid by e-check it does take a few days to clear, thus a few days to ship.

    If you advertised fast shipping and I did an instant payment, I would be irate as well. If the money is in your paypal account you could in theory respend it before you ship what I bought, so it's as good as cash in your Paypal account.

    I shouldn't have to wait for you to transfer it to your account.
     
  9. wld3

    wld3

    Jun 22, 2008
    +1

    If the funds are in your PayPal account, then you have been paid and should ship.


     
  10. fenderhutz

    fenderhutz Supporting Member

    Jan 28, 2007
    Harpers Ferry WV
    Paypal is considered the sellers "account". Paypal is a bank.

    Item should be shipped when payment is received unless it is e-check.
     
  11. Bob Clayton

    Bob Clayton My P doesn’t have flats or tort Staff Member Supporting Member

    Aug 14, 2001
    Philly Suburbs
    Cool

    Thanks, that is the info I was waiting on and was confused by.

    Though even if I ship it today, he won't get it for a while, no shipping tomorrow and monday.
     

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.