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-   Etsy Discussions (https://www.aspkin.com/forums/etsy-discussions/)
-   -   Does etsy keep funds if account suspended (https://www.aspkin.com/forums/etsy-discussions/80671-does-etsy-keep-funds-if-account-suspended.html)

depifish 05-10-2020 03:35 AM

Re: Does etsy keep funds if account suspended
 
Quote:

Originally Posted by Kontajes (Post 1090086)
I just got suspended today for no reason and all my funds were kept with no explanation

They keep your funds for 4-6 months. I believe the reason for this is for refunds in case some your customers are not satisfied and need to take their money back. You'll get your money back eventually, but they also have to be covered too. And yes, etsy started as a marketplace for handmade products only but this has changed a lot. However, they are still very strict for non handmade products, so yoy have to be prepared and really careful.

rsot 05-10-2020 05:26 AM

Re: Does etsy keep funds if account suspended
 
Quote:

Originally Posted by Kontajes (Post 1090086)
I just got suspended today for no reason and all my funds were kept with no explanation ETSY IS CRIMINALS DO NOT USE THEM YES COMPETITORS WILL REPORT BULL**** ON U AND U WILL GET KICKED OFF WITH NO REASON OR EXPANATION AND YOUR MONEY WILL BE KEPT AND REFUNDED TO THE CUSTOMERS I SENT OUT 8 ****IN ORDERS AND I PUT THE TRACKING NUMBERS IN AND THEN IMMEDIATLY GOT SUSPENDED AND THEY STOLE 300 ****IN DOLLARS

Very sad to see this but hopefully you will be able to sort this out

Duab 08-07-2020 07:07 AM

Re: Does etsy keep funds if account suspended
 
Funds are automatically disbursed within 180 days.

Experience from 80~ suspended accounts.

yobar 08-15-2020 12:17 PM

Re: Does etsy keep funds if account suspended
 
When your Etsy shop gets suspended, you also lose access to any funds in the PayPal account that’s linked to Direct Checkout.

You will most likely get your money back even if you don’t get your shop back, but that process can take a long time and that can cripple your business if the money you need operate your business is frozen in your Etsy accounts.

Keep your balances in your Etsy accounts as low as possible and transfer your money regularly into an account that you are in control of so that you still pay your bills even if your Etsy shop is suspended

Tlp77 08-24-2020 03:40 PM

Re: Does etsy keep funds if account suspended
 
Seems like the only sellers who are successful using Etsy are the dishonest ones that ruin it for everyone else. :(

Tlp77 08-24-2020 03:41 PM

Re: Does etsy keep funds if account suspended
 
Etsy suspended me a couple months ago. I had 850.00 in there and have yet to receive my payment. I have tried to contact them to ask when I will receive it and they ignore me. It feels wrong to me.

cocopuffsss 02-23-2024 01:28 AM

Re: Does etsy keep funds if account suspended
 
Quote:

Originally Posted by Tlp77 (Post 1112014)
Etsy suspended me a couple months ago. I had 850.00 in there and have yet to receive my payment. I have tried to contact them to ask when I will receive it and they ignore me. It feels wrong to me.

How long has it been? Did you ever get your money?

Okom 03-21-2024 12:52 AM

Re: Does etsy keep funds if account suspended
 
Quote:

Originally Posted by cocopuffsss (Post 1236166)
How long has it been? Did you ever get your money?

They ususally back money after 180 days after suspension. but bank account must be valid.


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