How are funds released to you after successfully selling an item on ebay? - Small Business Forums

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Forums / Public / Small Business / How are funds released to you after successfully selling an item on ebay?

Author	Message
Doughnut Members 585 posts Location: Benin Occupation: Costermonger Age:	#300311 2008-05-19 10:21 GMT
	Hi there, I am just in the process of selling a few things on ebay and wondered if anyone knew the procedure for releasing funds into your bank after a completed sale? I am a member of paypal too, however the last time I tried to retrieve the money the buyer had sent me paypal didnt send it to my bank for a very long time! Do you need to do a specific thing or just wait? What did I do wrong?!! Thanks Guys xx !!


SecretCelebrity Members 547 posts Location: Barbados Occupation: Gynecologist Age:	#300312 2008-05-19 10:26 GMT
	You transfer funds from your Paypal account to your bank account. It can take up to 7 working days.

Musicmaker Members 614 posts Location: Andorra Occupation: Journalist Age:	#300313 2008-05-19 10:28 GMT
	once you have the money in paypal, go to your paypal acount, click on withdraw funds, select the bank account you want it to be withdrawn to, then wait about 5 days. yeeeee

SugarRush Members 579 posts Location: Guatemala Occupation: Magazine Editor Age:	#300314 2008-05-19 10:30 GMT
	First review your Account Type and how much you can withdraw from your Paypal in a month. Personal accounts I think are limited to $500 a month. Make sure that your Paypal account is correctly connected to your bank account. Go to MY ACCOUNT --> PROFILE --> ADD/EDIT BANK ACCOUNT --> Check if the account listed is CONFIRMED In our case, transfering from Paypal to bank account takes at most 2 days so there must be something going on if yours takes a very long time

Foxglove Members 618 posts Location: Nigeria Occupation: Bhikkhu Age:	#300315 2008-05-19 10:35 GMT
	Yes I agree with the majority. If you go into the Ebay Sellers bit there is normally something that you can click on to transfer funds (been a while since I sold things!). But remember with Paypal, that if your funds are under £85 then they will normally take a small commission from you. So what I did was wait until I had sold a few things and then wait until my funds were over £85 so I didnt owe Paypal anything. The best thing you can do if you get stuck though is to contact Ebay, they are quite good about getting back to you quickly. Hope this helps.

oddperson Members 612 posts Location: Indonesia Occupation: Businesswoman Age:	#300316 2008-05-19 18:46 GMT
	After the winner paid, you'll need to go to PayPal and transfer the money to your bank account. 1) log on to Pay Pal 2) click on withdraw 3) click on transfer to bank account 4) type in the amount you want to transfer and select the bank you want the fund to be deposited to 5) click submit 6) you're all set. It usually takes 3~5 business day to complete the process. But I always receive it in 2 days.