My bank processes debits and credits within 24 hours and when I make a withdraw from PayPal the funds are in my account the next business day so I respectfully disagree.
Anyone Ever Buy and/or Sell on Tradesy?
- Thread starter iluvmybags
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PP was owned by eBay at one point, they facilitate funds availability to ease transactions. They can change policy at any given point in the future. PP has disclaimer that it CAN take 1-3 days for transfer when it fact its 1 biz day
Your funds availability is dependent on your history and bank balance. Yes they debit same day but not credit. Generally if the deposit is greater than your balance or greater than a certain limit they will prolong the credit. This practice in the industry is known as “float”. File a complaint with CA Attorney General if you think Tradesy is up to something nefarious, their website explains all this and within their regs. I’ve already done the research
Yes, my money is typically released at midnight on the 9th day, then it takes around 8 days for the money to make it to my Paypal.
As I posted earlier Tradesy deliberately holds money, they do actual transfer the day before it hits your account (it's always the next day for my bank, and the next minute for my PP). Some honest customer rep told me about actual timeline of their transfers when I had a situation with them. They won't tell you now.
the same here, 9+ days for inspection, 8-11 days until actual transfer plus delay if there were any holodays.
Surprise! I just got funds released at midnight on the 5th day! Are things improving, or did they make a mistake?
hmmm, the funds for my item were also released last night (day 7 for me though)
I wrote to them a few days ago complaining about their delay in getting our funds.
Very curious as to what the honest customer service rep told you about their procedures?
It wouldn't be the first time. It's too bad they don't really fix the issues and address the complaints."somebody" from tradesy is also a tpfer???
Like they were holding funds to the max at the end of the year to improve the bottom line, now they eased it a little. I wonder if they met the goal to become profitable in 2017?
I know RealReal is doing really well, items are sold out in no time and lots of new inventory every day.
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they reversed payment to me before my funds hit bank account, so they took my personal funds. I was like how can you do that and why my funds are not deposited yet (it's been 5th day since I sent it)? they were sorry and explained that "transfer" doesn't happen until they do it on 5th night (bank afterhours, so it's additional business day). now it's 7-9th day.
Speaking of Mercari, I put a couple items on there, sold one within a few days, and had my money in less than a week. It was so easy! I don't like is that you can't do it on a desktop, and I don't like that you can only have 4 pictures. You have to have the app to set up listings. I had to spend quite a lot of time answering my buyer's questions before the sale - I don't know if that is common.