21 day holds when selling on ebay
Hello, I have a couple of simple questions regarding selling on eBay. I do not sell in high quantity. I usually sell stuff found in yard sales, personal items, and my favorite; items from friends, relatives, etc. I usually sell and spend the money rather fast. It's worked in the past but as of late, PayPal seems to have an eye out for me. I want to get back in the eBay scene since I've been selling on different forums and stuff, getting paid directly to PayPal. I can get a brand new sellers account and start selling my used item regardless of price or do I too have to start off slowly? I know eBay and Paypal have that 21 day hold and that doesn't really worry me, but what worries me is how long do I have to wait to spend the money if I am paid via eBay to Paypal?
For example, I sell my item, I ship out the item and add tracking information, the buyer receives the item and is content, they leave positive feedback, perhaps Paypal releases the funds early and if not, I just wait out the remaining of the 21 days.
Can I spend the money as soon as they release the funds or what? Has anybody had any experience doing this? I know everyone on here is different and most of you guys make your money selling A LOT of stuff, but again, I just sell 2-3 items a month. (Sorry for the lengthy post!) |