How Long Does The Buyer Have To Pay?

I had a guy just yesterday that bought and did not pay until this morning. I took the package to work just in case he did pay this morning and he did, I would have rather he'd paid right away but shipping doesn't start until they pay so I got an automatic 5 star shipping rating even if they don't leave feedback. If they do leave feedback they can't change the shipping speed option. Nice ebay feature IMO.

As a buyer, I will usually pay as soon as possible unless I am watching/bidding on other items from the same seller. Most sellers will have their policy as to how long they allow a buyer to wait to remit payment.

With all of the hard-handedness that ebay uses on its customers, it is sometimes hard to remember that we are not " ebay sellers" (or whatever other venue we use), but sellers of our own entity, whether it is a business or private party. Your policy is your policy. You can make it 24 hours, 3 days, 4 days, a month, or even immediately. Your auction or fixed price listing is a legal contract between only you and the purchaser.

If you want to utilize ebay (or other venue) services, you must abide by their contract with you. So, if you want to get ebay (the venue) involved in mediating a payment dispute with your customer, you must wait four days from the time the listing ended.

My company has a five business day policy for payment, and are lenient on the matter. However, we are in the business of holding inventory on the supplies we sell. So, it's not like we are "holding" on to a specific coin that we only have one of to get rid of. Even when we do have coins for sell, we still hold our five business day policy.

Some clients pay immediately, some do not. Some of our repeat clients will even take the full alloted time to pay because they wanted to "reserve" a special promotion price, but may not have had the money right away to pay. Especially with coins, someone may be trying to "lock in" a price that they are willing to pay, but may need to wait a few days to get the money transfered to PayPal or whatever.

If you do not have any policy posted, then it is also possible the buyer may be waiting for an invoice, as well. Everybody is different, and there is no "right" or "wrong" way of buying and selling, except that each party should abide by the agreement. If there is no posted policy, then the courteous thing to do would be for one party or the other to make contact and clarify the situation, even if it is post facto of the listing closing.

As a seller, I always take the prerogative in such a situation to make sure that the buyer is truly committed to the agreement and understands my terms. I would send an invoice to the buyer and instruct them that payment would be appreciated within whatever specified amount of time is within your own liking.

What did I buy and not pay for yet?

Sounds like it's a lot easier being a buyer, than a seller!

24 hours to remit payment is my golden rule, if I am waiting for other listings to close in order to ship together, I will send a courtesy email to let the seller know of my intentions. So they aren't left hanging and guessing. It works like a charm.

ROFL

Uh - Buy it Now - MEANS - Buy it Now

If you click the button to buy it you are obviously at your computer and should pay immediately
That is the way I run the store