PayPal does the same thing. Funds are withheld from the seller until 7 days after shipping. This is to make sure the shipment actually happens and the buyer receives it. I have gone through this several times myself. Patience is required!
Funds held in Stripe Dashboard?
Newbie question...
I have completed my very first Audiogon transaction!!! I sold some equipment and the funds were paid to my Stripe account. For some reason, they are being held for a week before transfer to my bank account. Are these funds secure, and can the buyer retrieve them? (I'm not saying he would, just asking if he can.) Am I safe to ship the equipment before the funds actually transfer to my account? Thanks for any insight.
Craig
I have completed my very first Audiogon transaction!!! I sold some equipment and the funds were paid to my Stripe account. For some reason, they are being held for a week before transfer to my bank account. Are these funds secure, and can the buyer retrieve them? (I'm not saying he would, just asking if he can.) Am I safe to ship the equipment before the funds actually transfer to my account? Thanks for any insight.
Craig
- ...
- 11 posts total
Never heard of PayPal holding onto any sellers funds tbh. Never happened to me. But I know reverb.com does the same for new sellers as you have here. They hold the funds in escrow if you like for your first couple transactions until you have built up some sales history. Not sure how long this has been applicable to audiogon as I never had this on my first few sales here. |
Thanks for the replies! Just to clarify, this is not PayPal. This is a system called Stripe, which was suggested by Audiogon when I signed up. https://stripe.com/get-started?&utm_campaign=paid_brand&utm_medium=cpc&utm_source=google... I do not have a PayPal account. |
- 11 posts total