You have to provide a valid tracking # which shows that the item is delivered to an address in the destination town. A delivery confirmation # will do, which will say something like "This item has been delivered on 4:20pm on 10/21 in Des Moines, IA". <-- Hypothetical example.
Note that a delivery confirmation will only show the town that the item is delivered in, so you could theoretically ship to any address in that town and delivery confirmation will be your "proof" that you delivered it.
I believe ebay and Paypal requires signature confirmation for items of $250.00 value or more, at least this was their policy at least a year ago. I would not be surprised if they changed it.
If you did not purchase delivery confirmation, then you will have to wait for the buyer to post feedback, and then the money should be released within the next 72 hours, assuming the buyer doesn't file a dispute. If you did not purchase delivery confirmation and the the buyer does not leave feedback, then you will have to wait 21 days for the money to be released. You should have some type of delivery confirmation and/or tracking on all of your packages anyway. It's just good business.
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