Does bonanza hold funds from your sales like ebay does

I just averted a disaster with my eBay account. I was having problems getting my listing posted into my eBay account so I opened a store there and got 23 items listed and a warning popped up that all my funds would be held for a period of time. I totally forgot about this from selling years ago, but, I had all my items in my possession. I ended up having to close my store and delete my items. Does Bonanza do the same thing? If so I won’t be able to sell here either. I design my items and then send them to be printed and/or framed. I don’t have the funds to order and then wait on my money.

On a bright note, I googled “memorials for children” and one of my portraits was listed second in Google Shopping from Bonanza!

asked over 6 years ago

6 Answers

Curious to know if any of you have an idea as to why eBay is eliminating Paypal as a payment method for their shoppers. I wonder why they just do not offer it along with the new payment method like we do here with Amazon pay and Paypal?

I love having my Paypal debit card on me. It’s just really too bad that eBay is doing this.

answered over 6 years ago

10 Comments

DragonflyMemories says: October 10, 2018

It probably has something to do with being to greedy and not caring about their sellers. I think it’s Amazon whose employees are on food stamps while the CEO is the wealthiest man in the world. I know he just gave his employees a pay raise after he got a lot of flack from it I think it’s Amazon.

DragonflyMemories says: October 10, 2018

The PayPal Debit Card issue is it just for eBay sellers?

kattinsanity says: October 10, 2018

Ebay changed to Ayden (sp?) as it’s payment processor because of not being able to come to some kind of agreement with PP. Also, they get to sit on sellers $$ and collect interest until they deposit it into sellers bank accounts. That’s quite a chunk of change every day in interest they collect.

EmpressDepot says: October 10, 2018

Dragonfly, no. Sorry. eBay not using PayPal will not have anything to do with us or other sites that offer PayPal, too.

EmpressDepot says: October 10, 2018

Ty for the info u two. I checked Ayden and it looks a little bit cheaper for sales under $20 but not over that. Still though, I’ll stick to PayPal anyday of the week. It has worked well for me for years.

tomwayne1 says: October 11, 2018

eBay wants the 2.9% + transaction fee for money processing instead of having PayPal collect it from sellers.

bridgetown says: October 11, 2018

eBay is not eliminating PayPal. They have a beta version of the new payment that doesn’t include PayPal because of programming and research, but after all is said and done PayPal is still an option in 2019.

EmpressDepot says: October 12, 2018

I am really glad to hear that bridgetown…REALLY glad because I do still like to list on eBay from time to time when I know I have a hot item to sell.

EmpressDepot says: October 12, 2018

I’m wanting to make sure I understand 100%. Will Paypal still be an option after 2019?

zappys_closet says: October 16, 2018

Read carefully if you opt into the beta test you can’t opt out and go back to PayPal, they invited me to give it a try but decided not to with the no opt out

This is an official Bonanza response.

Hi there! We do not hold funds from your sales here at Bonanza. Once you make a sale, your customer sends the money directly to your linked PayPal or Stripe account. It’s possible that PayPal may hold your funds, so if that happens you’ll want to reach out to PayPal directly to figure out why this is happening to you.

answered over 6 years ago

1 Comment

DragonflyMemories says: October 10, 2018

Thanks, I’m truly relieved to here that! You guys ROCK!

Did you by chance sign up for(or get involved in) their new “managed payments” where you can no longer accept paypal as a payment option? If you somehow got into that, ebay collects the $$ from your buyers and deposits it into your bank account and there is a time delay in receiving your deposits from ebay. If you have any listings up check and see if you have paypal as an accepted payment method.

I just came back here last week due to their new “managed payments” which everyone will be in by the summer of 2019~~no choice. There is no way I want to operate my business with ebay collecting my $$ from my buyers and then I have to wait for ebay to give it to me. I think a LOT more ebay sellers (and buyers) will be coming here and to other venues due to that change.

answered over 6 years ago

I forgot eBay holds your funds until they are delivered. New accounts they release after 21 days. The guy I spoke to said I should say there is a 30 business day before shipping. I said I do want to make sales. Duh I have to pay my manufacturers up front so 21 days isn’t going to work. I almost started crying but I am so grateful I caught it before I made a sale. I researched the PayPal option with eBay. They owned pay pal and they separated in 2014. eBay has invested in another company. You can use PayPal until 2020 but you can have it as your payment option. It’s not going to be their main payment company. I can understand why people are leaving eBay now.

answered over 6 years ago

1 Comment

kattinsanity says: October 10, 2018

By mid 2019 every ebay seller will be required to be in “managed payments”. Right now, anyone in MP is NOT allowed to accept PP. Sellers like myself who aren’t in MP yet can still take PP. PP MAY be back available to everone in MP in Mid 2019 BUT the $$ will still go to ebay from PP/not to seller

No. The payments goes right into your PayPal account as soon as the buyer pays. It usually takes PayPal a day or two to release the funds though.

answered over 6 years ago

1 Comment

kattinsanity says: October 11, 2018

If it goes back to everyone being able to go back to paypal why would they require every seller to be in their managed payments program? MP means ebay collects all the payments even from paypal.

Ebay is just a bunch of goofballs who dot know what they’re doing they’re just making things harder for buyer and sellers such as adding a fee for everything making seller pay back to buyer without returning the item and banning a bunch of innocent buyers and seller clearly bonanza is better than ebay and if they try to remove paypal they’re going to lose a lot of buyers and sellers I’m talking up to 50%

Don’t sell or buy on ebay they’re is too much danger and plus it’s not worth selling with a bunch of feed and a ludoristly complicated system

answered over 4 years ago

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