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  #1  
Old 05-13-2024
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Default 20 day holds on new stores?

Hello again everyone,

I recently started a new Etsy store in the UK and noticed that there's a 20-day hold on my funds. This seems to be a new measure for new sellers, but I haven't found much information about it.

Is anyone else experiencing this?

Cheers Again
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  #2  
Old 05-13-2024
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Default Re: 20 day holds on new stores?

New update from the beginning of the last month
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Old 05-13-2024
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Default Re: 20 day holds on new stores?

Yes, as they mentioned before, the new store will be available for sale and will be retained for 20 days
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Old 05-13-2024
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Default Re: 20 day holds on new stores?

Seems like every single platform out there wants to hold your funds for at least 3 weeks.
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Old 05-14-2024
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Default Re: 20 day holds on new stores?

Quote:
Originally Posted by SaiJin View Post
Seems like every single platform out there wants to hold your funds for at least 3 weeks.
Yeah, I can see why but at the same time it gets really annoying. You literally ship your items out and wait in good faith that they won't screw you over.
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Old 05-14-2024
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Default Re: 20 day holds on new stores?

It has become a popular method on different sales platforms, perhaps they expect you to comment on a mistake and take your money.
Although I have a friend who has been here for a long time who claims that they use retained money to invest in markets and cryptocurrencies. (it's something they say)
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Old 05-16-2024
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Default Re: 20 day holds on new stores?

Quote:
Originally Posted by laoyu View Post
Yes, as they mentioned before, the new store will be available for sale and will be retained for 20 days
Welcome to the forum OP - all the best as you master stealth

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Old 05-20-2024
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Default Re: 20 day holds on new stores?

When scammers make 100 new stealth accounts to commit fraud this is what happens. Now when you sell a $5000 item and ship nothing and close your account, etsy wont get stuck refunding the buyers.
Etsy learned this was an inevitable step later than most other platforms.
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Old 05-20-2024
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Default Re: 20 day holds on new stores?

Things are not good out there,I see more security guards at retail stores,not just Walmart or Target or Home Dept,BEST BUY ,.but grocery stores as well
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Old 05-25-2024
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Default Re: 20 day holds on new stores?

Yes, everything is getting more difficult...
Now we have many security people who love you
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Old 06-04-2024
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Default Re: 20 day holds on new stores?

Quote:
Originally Posted by supplies View Post
When scammers make 100 new stealth accounts to commit fraud this is what happens. Now when you sell a $5000 item and ship nothing and close your account, etsy wont get stuck refunding the buyers.
Etsy learned this was an inevitable step later than most other platforms.
Constant evolution - scammers jump on things quick and make things harder for future sellers
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Old 07-21-2024
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Default Re: 20 day holds on new stores?

In my experience new shop without risky items has a 3 days hold and 3 weeks, if items considered risky. So that may be an indicator now how they look at your business model.
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  #13  
Old 07-21-2024
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Default Re: 20 day holds on new stores?

They use third party to check up on you,they know more about us than they will admit.
Charge back can come in 6 months,so 3 weeks is fair .
I recall Etsy can access your bank account to not just deposit fund,but to withdraw as well
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Old 07-21-2024
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Default Re: 20 day holds on new stores?

Quote:
Originally Posted by johntusk View Post
In my experience new shop without risky items has a 3 days hold and 3 weeks, if items considered risky. So that may be an indicator now how they look at your business model.
interesting hold analysis - makes sense
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  #15  
Old 07-22-2024
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Default Re: 20 day holds on new stores?

Quote:
Originally Posted by johntusk View Post
In my experience new shop without risky items has a 3 days hold and 3 weeks, if items considered risky. So that may be an indicator now how they look at your business model.
Can you make a new thread with what you just said and add more details?
This thread is getting a little old.
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  #16  
Old 07-28-2024
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Default Re: 20 day holds on new stores?

well,from my experience, 1-18days.Mostly 5-11days.
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