Visit our 2014 Holiday Gift Guides
Home > >

Why is my buyer's eCheck taking so long to clear?

POST A REPLY
 
Thread Tools
Nov 8, 2007, 3:16pm   #1
lorihmatthews's Avatar
Thread Starter
lorihmatthews
A taste for the arts
I sold my black LV Speedy to a buyer with 5 positive feedback. She sent me an eCheck via Paypal for payment. It is going to take 10 days to clear. This seems extraordinarily long. Usually eChecks take 2-3 days. Can anyone shed light on this one?
Nov 8, 2007, 3:20pm   #2
g
gtomad
Member
I have been paid by echeques in the UK a few times and each time l have been told that they would take 10 days to clear and have had to email the buyer as this seems extortinate. I think they must hold on to the payment and gain extra interest on other peoples money. In the UK even withdrawing your funds from Paypal can take up to seven days, it's a joke.
Nov 8, 2007, 3:26pm   #3
designermummy's Avatar
designermummy
Member
No it really is 10 days I have had some take 12 days!

Just make sure your buyer is aware of this as they are the ones who normally get funny not believing it is going to take so long.
Nov 8, 2007, 3:48pm   #4
LVobsessed415's Avatar
LVobsessed415
Member
strange, I just had someone pay me with an e-check and it cleared in 4 days. I would contact paypal and see what they say.
Nov 8, 2007, 3:57pm   #5
designermummy's Avatar
designermummy
Member
is the echeque from the US or UK?
Nov 8, 2007, 4:14pm   #6
lorihmatthews's Avatar
Thread Starter
lorihmatthews
A taste for the arts
Originally Posted by designermummy
is the echeque from the US or UK?
We're both in the US.
Nov 8, 2007, 5:17pm   #7
r
razorbackbelle0
Account Deactivated
That's weird, it only takes 5 days for me, that's how I paid for my new Hermes bag.
Nov 8, 2007, 6:34pm   #8
kolibriszuka's Avatar
kolibriszuka
Fleur's Mom
I hate eChecks, but I've had people do it and have it take a long time to clear. I think it all depends on how much money they have in their bank account at the time, and how high risk they are. I think if someone has a higher rate of bouncing checks (even regularly) it can take longer just because the system needs to see if they are going to try to take the money out before it clears. I would just wait it out, and explain to the buyer that you can't send until it clears.
Nov 12, 2007, 1:41am   #9
filtered vanilla's Avatar
filtered vanilla
berry good
I had a buyer from Canada pay me by e-check (I'm in the US), and it took 14(!) days to clear. Have no idea if this is normal or not, but there ya go. o.O
Nov 12, 2007, 8:09am   #10
Shopstomuch's Avatar
Shopstomuch
Member
It is odd because I used them on a couple occassions because when I was new PayPal put a cap on how many instant transfers I could do. Well, most took like 3 days to clear, but there were a couple instances (2) that it took almost 10 days. Never could figure out why though either.
Nov 12, 2007, 8:10am   #11
MissusB's Avatar
MissusB
Member
They're a pain! I sold an expensive item a few years ago using PayPal and the buyer (who had perfect feedback and a lot of it) used e-check. It was in December and I had hoped to use the money for Christmas shopping. It took every bit of ten days to clear and I was a nervous wreck until it did.

I was in constant contact with the buyer, who was as perplexed as I was...I seem to recall that after the money was taken from her account, there was a period of a few days before it showed up in mine. She actually scanned and showed me the transaction record on her account. All I could do was sit and wait (and wait and wait).

Ugh! If anybody does talk to PayPal and gets the scoop on e-checks I'd like to know what it is!
Last edited Nov 12, 2007 at 8:11am. Reason: Spelling error
Nov 12, 2007, 8:45am   #12
Shopstomuch's Avatar
Shopstomuch
Member
Missus, I called and asked and never could get an answer. I had all perfect feedback, never had a problem w/ anything either. Money was also, like hers, taken out of my account within like a day yet it took almost 9 days to get to theirs. PayPal gave me multiple reasons including banking routing etc... nothing made sense and still doesn't. I don't use them at all, but was kinda backed in a hole by PayPal to do so. Normally I would have just used my debit/credit card but I put limits on mine so no more than X amount of dollars could be spent in a day to prevent fraud (had my card stolen once). The ONLY positive thing about echecks is that for a seller the fees paypal charges are less than any other form of payment. Had a MPRS seller tell me that and I checked into it.
Nov 12, 2007, 9:56am   #13
lorihmatthews's Avatar
Thread Starter
lorihmatthews
A taste for the arts
Well, her echeck still hasn't cleared ... PP is telling me that it's clearing on the 14th, so I'm still waiting. I'm not too worried, I'm just going to wait it out.
Nov 12, 2007, 10:49am   #14
lovemyangels's Avatar
lovemyangels
Member
I have sold an item on Nov. 6 and the buyer paid with eCheck. PP first indicated it would be cleared on Nov. 12. Until today, the eCheck hasn't been cleared but status changed to Nov. 26!!! We both are in U.S. I contated the buyer but haven't heard from her yet.
Nov 12, 2007, 1:07pm   #15
nyhockeymom91's Avatar
nyhockeymom91
Member
I've had buyers echecks take anywhere from 5 to 10 days to clear..don't understand why either
POST A REPLY
  HOME > >  
TOP

Thread Tools