eCheck payment Question

Discussion in 'Payment Processing' started by Sony_Lover, Mar 16, 2008.

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  1. #1
    Hello guys,

    Yesterday i sold a site the buyer sent me payment to my paypal it shows uncleared status and shows payment by eCheck says that it may take 7-9 business days to funds to be added to my account.Does it mean that paypal will take minimum of 7 days for sure.??

    And one more thing can the buyer reverse the funds?? :(
     
    Sony_Lover, Mar 16, 2008 IP
  2. cknight99

    cknight99 Peon

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    #2
    You guys really need to understand the payment services you are using. The echeque takes up to 7 days to clear to your PP account. Yes the person can still do charge back.
     
    cknight99, Mar 16, 2008 IP
  3. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #3
    Click on that transaction where you can find estimate date of clearing that echeck. It is advisable to send site to buyer once echeck clear in your account.

    DON.
     
    deluxdon, Mar 16, 2008 IP
  4. eddy2099

    eddy2099 Peon

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    #4
    Basically, treat the transaction as pending at the moment until it is shown as Complete. Do not ship anything so if the transaction is reversed during this time, you lose nothing. Only ship when you actually get the money.

    When a customer pays using his bank balance in paypal, it is called an e-check. It takes time for this to clear.
     
    eddy2099, Mar 16, 2008 IP
  5. filemp3

    filemp3 Peon

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    #5
    yes...dont ship anthing after your echeck cleared.
     
    filemp3, Mar 17, 2008 IP
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