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-   -   Still not able to withdraw all the funds from my account (https://www.aspkin.com/forums/amazon/119781-still-not-able-withdraw-all-funds-my-account.html)

inneedofhelp 08-29-2018 01:36 PM

Still not able to withdraw all the funds from my account
 
Hi everyone.
Although I've been selling on amazon for a year and a half and I also did a verification process months ago (giving an official bank letter/statement, when I passed the 11K or 13K of sales), but I still don't understand why I cannot withdraw all my money. It only allows me to withdraw a small fraction of the overall amount. I know other sellers that at the end of the week literally withdraw 100% of what they have. It's so frustrating. What is wrong?
Your help is very much appreciated.
cheers!

phaz0rz 08-29-2018 01:38 PM

Re: Still not able to withdraw all the funds from my account
 
Sounds like your Amazon account has a risk-based rolling reserve

inneedofhelp 08-29-2018 01:41 PM

Re: Still not able to withdraw all the funds from my account
 
Quote:

Originally Posted by phaz0rz (Post 940385)
Sounds like your Amazon account has a risk-based rolling reserve

What does that mean? I never had problems, only 5 stars feedbacks, no troubles at all.

phaz0rz 08-29-2018 01:51 PM

Re: Still not able to withdraw all the funds from my account
 
I'm not an active Amazon seller, but this is commonly done by Paypal to accounts they deem as high-risk because of their selling activity. The items you're selling or the category you're selling in will trigger the rolling reserve - not a history of disputes or cases on your part.

Wait for the input of other more Amazon-literate members on how to proceed. Sounds like a typical reserve to me but I wouldn't know how to remove it.

Freakzilla 08-29-2018 02:10 PM

Re: Still not able to withdraw all the funds from my account
 
As a new seller (since August 2016) you will only be paid for each order from 7 days after the last estimated date of delivery of that order - irrespective of the type of selling account you have.

Hence Amazon will never disburse the full amount to you (unless you close for a couple of weeks holiday for example)

inneedofhelp 08-29-2018 02:54 PM

Re: Still not able to withdraw all the funds from my account
 
Quote:

Originally Posted by Freakzilla (Post 940395)
As a new seller (since August 2016) you will only be paid for each order from 7 days after the last estimated date of delivery of that order - irrespective of the type of selling account you have.

Hence Amazon will never disburse the full amount to you (unless you close for a couple of weeks holiday for example)

How long will I be a 'new seller'? Or it's the rule for everybody starting after August 2016? And so it will last forever..?

Freakzilla 08-29-2018 03:38 PM

Re: Still not able to withdraw all the funds from my account
 
Will last forever.

Quote:

Originally Posted by inneedofhelp (Post 940408)
How long will I be a 'new seller'? Or it's the rule for everybody starting after August 2016? And so it will last forever..?


garry9061 08-29-2018 04:41 PM

Re: Still not able to withdraw all the funds from my account
 
Yes, Freakzilla is correct. Its 7 days from the day of delivery, so generally 9-10 days from the date of sale.

Oh the days of same day withdrawals, they were the great days!

Freakzilla 08-29-2018 04:56 PM

Re: Still not able to withdraw all the funds from my account
 
The worst is if you're selling on .com from the UK. Takes forever to get funds on a new account.

inneedofhelp 08-29-2018 05:48 PM

Re: Still not able to withdraw all the funds from my account
 
Quote:

Originally Posted by garry9061 (Post 940424)
Yes, Freakzilla is correct. Its 7 days from the day of delivery, so generally 9-10 days from the date of sale.

Oh the days of same day withdrawals, they were the great days!

I thought that this limitation was not gonna last forever. Not happy :(

Freakzilla 08-30-2018 04:30 AM

Re: Still not able to withdraw all the funds from my account
 
It does clearly state that when you sign up.

Quote:

Originally Posted by inneedofhelp (Post 940440)
I thought that this limitation was not gonna last forever. Not happy :(



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