eBay offers new payout options for Managed Payments, it officially announced on Wednesday. Payouts are how eBay sellers retrieve their funds from their sales earnings.
In addition to the existing daily and weekly payout schedule options, sellers can request payouts to be sent-biweekly or monthly.
eBay reminded sellers that they could use funds to pay fees: “Remember, choosing a longer payout schedule may mean that more funds are available to use towards selling costs such as shipping labels and refunds.”
It also offered a reminder that sellers’ banks generally take another 1 – 3 days to make those funds available.
You can find details about payout schedules in Wednesday’s announcement.
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.
“Remember, choosing a longer payout schedule may mean that more funds are available to use towards selling costs such as shipping labels and refunds.”
LOL. That was just corporate-speak for “We want to hold on to YOUR money as long as possible so we can earn interest on it and NOT share any with you dimwits”.