eBay - funds on hold

[CageyH]

Having just sold my Audio-GD DI2014 on eBay, I see that my funds are on hold until the 15th March.
The seller has received the DI2014, and left positive feedback.

Is this normal?

Are eBay keeping the funds to make money on the interest?
This puts me off using eBay now.

[brian2957]

That's not right Kevin. I sold some speakers on Sunday and the funds were in my bank account yesterday. Of course Ebay in France may be different.

Hope all is well BTW

[vinylmagic]

Sometimes it's to do with how many sales you complete with them, it's happened to me before but I was actually paid in a week. It was the last time I used eBay to sell anything

Sent from my SM-S918B using Tapatalk

[struth]

used to be only vwith new sellers or folk who had had issues before. i'd contact them

[guy]

Sometimes it's to do with how many sales you complete with them, it's happened to me before but I was actually paid in a week. It was the last time I used eBay to sell anything

Sent from my SM-S918B using Tapatalk

I had same with sale of a pair of monoblocks - when i contacted eBay they said it was standard for goods above certain value (can’t remember how much now, possibly £200+ ?) when seller had little in the way of previous sales. I think it took a week or so to sort out.

[willbewill]

Here's ebay info

https://www.ebay.co.uk/help/selling/...s-hold?id=4816

[CageyH]

The parcel has been delivered, 5 star feedback left by the purchaser, but they are still holding the funds until the 15th March, in case there is a problem. More than 30 days, as I got the feedback last week. They are taking the mickey, and it is probably the last time I use eBay.

I have “spoken” to customer support. They say it is because I have not sold much, as I was forced to open a new account as they could not transfer my account to France, due to their stupid rules. I have pointed out that maths is not their strong point, as the date the parcel has been received, 5 star feedback left, with a 30 day delay does not equal the 15th March.

I am not impressed with their new rules.

[mikeyb]

Yes it's normal practice these days, doesn't happen all the time but it can do.

[CageyH]

I would not call it normal. They are taking the pi$$.
How to encourage new vendors on eBay. From the date of sale, they are keeping my money for six weeks, and the vendor has already left positive feedback. A sale of €180, so hardly expensive.

[willbewill]

You have to blame it on the scammers who use new accounts or hunt down inactive ones.