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-   Etsy Discussions (https://www.aspkin.com/forums/etsy-discussions/)
-   -   temporary funds reserve what is this (https://www.aspkin.com/forums/etsy-discussions/150677-temporary-funds-reserve-what.html)

humungouswhat 07-04-2023 07:59 PM

temporary funds reserve what is this
 
hi guys/gals


i have created acc 6 month ago and started aelling 4 or 5 days ago ... b4 yesterday sold 1 prod , yesterday 3 and got a message sayingthat my funds were on reserve bla bla ...

i did not understand exactlywhat that means ..

in my panel funds reserve says 0 i dont understand what is it for ...

currently i am waiting for bank deposits so i dont have balance to transfer ...

after i input deposits i should have 130 euros to withdrawal ..


whith this reserve thing it means i will receive funds in 90 days ?

how this impact my account and funds i should receive?


if someone can help me to understand what is this, how it is triggered and how it affects my furure payments to my bank please ?!

if i sell other products what happend ? should i take any special care ?

thank a lot for helping

degsey69 07-07-2023 05:17 PM

Re: temporary funds reserve what is this
 
When you first start selling they will place a hold on the funds for about 14 days, this enables the buyer to receive the item and report any issues, after 14 days they consider it safe to pay you.

Ignore Yobar he is an idiot who uses ChatGBT and spouts useless information that is generally inaccurate or a cut and paste from eBays Q&A which you can lookup anyway.

agent006140 07-09-2023 08:41 AM

Re: temporary funds reserve what is this
 
He is selling on Etsy,not Ebay

rsot 07-10-2023 06:57 AM

Re: temporary funds reserve what is this
 
what category of products are you selling OP?

Pedroalva 07-10-2023 10:01 AM

Re: temporary funds reserve what is this
 
Quote:

Originally Posted by humungouswhat (Post 1220920)
hi guys/gals


i have created acc 6 month ago and started aelling 4 or 5 days ago ... b4 yesterday sold 1 prod , yesterday 3 and got a message sayingthat my funds were on reserve bla bla ...

i did not understand exactlywhat that means ..

in my panel funds reserve says 0 i dont understand what is it for ...

currently i am waiting for bank deposits so i dont have balance to transfer ...

after i input deposits i should have 130 euros to withdrawal ..


whith this reserve thing it means i will receive funds in 90 days ?

how this impact my account and funds i should receive?


if someone can help me to understand what is this, how it is triggered and how it affects my furure payments to my bank please ?!

if i sell other products what happend ? should i take any special care ?

thank a lot for helping

There are periods when they reserve funds

They release also when the tracking added show delivered

humungouswhat 07-10-2023 01:39 PM

Re: temporary funds reserve what is this
 
Quote:

Originally Posted by Pedroalva (Post 1221438)
There are periods when they reserve funds

They release also when the tracking added show delivered

this is digital product ... how does it work ? i deliver item in message

humungouswhat 07-18-2023 09:54 PM

Re: temporary funds reserve what is this
 
someone knows how to avoid this i burn that acc starting a new one but want to avoid this old . is it possible or all new accounts get this hold ?

thanks

henryfalmore 07-18-2023 11:13 PM

Re: temporary funds reserve what is this
 
Quote:

Originally Posted by degsey69 (Post 1221224)
When you first start selling they will place a hold on the funds for about 14 days, this enables the buyer to receive the item and report any issues, after 14 days they consider it safe to pay you.

Ignore Yobar he is an idiot who uses ChatGBT and spouts useless information that is generally inaccurate or a cut and paste from eBays Q&A which you can lookup anyway.

15 days* for me

humungouswhat 07-23-2023 08:06 PM

Re: temporary funds reserve what is this
 
this is not about ebay is etsy account !

JamesNorth101 07-24-2023 01:00 AM

Re: temporary funds reserve what is this
 
Quote:

Originally Posted by humungouswhat (Post 1222102)
someone knows how to avoid this i burn that acc starting a new one but want to avoid this old . is it possible or all new accounts get this hold ?

thanks

They will get it by default

Just start selling slowly at first. It will drop off after a bit of time

humungouswhat 07-31-2023 07:14 AM

Re: temporary funds reserve what is this
 
Quote:

Originally Posted by JamesNorth101 (Post 1222349)
They will get it by default

Just start selling slowly at first. It will drop off after a bit of time

so all acounts will get this hold correct no mather what ?

humungouswhat 07-31-2023 07:15 AM

Re: temporary funds reserve what is this
 
Quote:

Originally Posted by JamesNorth101 (Post 1222349)
They will get it by default

Just start selling slowly at first. It will drop off after a bit of time


what is bit of time ? how long please ?

agent006140 07-31-2023 09:33 PM

Re: temporary funds reserve what is this
 
Just read an article on this Etsy reserve,UK sellers who sell handmade furniture ,etc are getting sales proceeds withheld for too long.
see if you can find the article
https://www.bbc.com/news/business-66362229

rsot 08-01-2023 07:25 AM

Re: temporary funds reserve what is this
 
Quote:

Originally Posted by humungouswhat (Post 1222806)
so all acounts will get this hold correct no mather what ?

not necessarily - a lot of factors are at play...however, chances are higher that you will get a hold on the accounts so work with that premise

agent006140 08-01-2023 11:57 AM

Re: temporary funds reserve what is this
 
All sales venues have tightened their policy,no one here can tell you how much and how long Etsy will hold your fund.
Charge back can come within 180 days,read that article I just posted/some have their fund held for 45 days

Automasters 08-01-2023 02:57 PM

Re: temporary funds reserve what is this
 
My Etsy account of over 2 yrs suddenly has a payment reserve now, after a customer opened a dispute, the first and only dispute ever on the account. They are trying to mitigate risk

agent006140 08-01-2023 07:17 PM

Re: temporary funds reserve what is this
 
Etsy must have suffered some losses,chargeback can come in 6 months and shop is long gone.

rsot 08-08-2023 06:47 AM

Re: temporary funds reserve what is this
 
Quote:

Originally Posted by Automasters (Post 1222912)
My Etsy account of over 2 yrs suddenly has a payment reserve now, after a customer opened a dispute, the first and only dispute ever on the account. They are trying to mitigate risk

while that is rough action based on 1 dispute...that does explain the reserve now

Pedroalva 08-14-2023 06:21 AM

Re: temporary funds reserve what is this
 
The payments reserve happen also in temp periodic reviews that etsy make sometime ,when the tracking shows the item is delivered they release the funds

agent006140 08-14-2023 07:26 AM

Re: temporary funds reserve what is this
 
Quote:

Originally Posted by Automasters (Post 1222912)
My Etsy account of over 2 yrs suddenly has a payment reserve now, after a customer opened a dispute, the first and only dispute ever on the account. They are trying to mitigate risk

2 years old is not exactly an old account,selling digital goods with no tracking is the reason/


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