Echeck Payment - Coin Community Forum

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Author	Replies: 4 / Views: 1,773
collect4fun Pillar of the Community United States 1151 Posts	Posted 02/13/2005 4:57 pm Susan, I had someone purchase a coin from me on ebay and I got notification that they paid with an "ECheck" thru paypal. What exactly is that? Sounds like a regular check because I have to wait for the check to clear. Larry Report this Post to the Staff

Susanlynn9 Forum Mom United States 5877 Posts	Posted 02/13/2005 5:21 pm An e-check, for all intents and purposes, is the same as a regular check. If a buyer pays with Paypal but does not have the amount in their account to cover the purchase, Paypal then draws on the bank account attached to the Paypal account. It takes roughly 3-4 business days for the funds to clear to Paypal. Once the payment clears, you should get an email from Paypal letting you know that the funds are clear and you can ship. Report this Post to the Staff
collect4fun Pillar of the Community United States 1151 Posts	Posted 02/13/2005 5:52 pm Thank You. Report this Post to the Staff
Susanlynn9 Forum Mom United States 5877 Posts	Posted 02/13/2005 7:53 pm You're very welcome - as always Report this Post to the Staff
bobby131313 Forum Dad United States 24173 Posts	Posted 02/13/2005 9:40 pm Larry, It might be wise to send your buyer a polite email and let them know that it has to clear first. We had a buyer once that never realized that it went through as an eCheck and got a little upset that it took so long to ship. The problem is that if you have $500 in your Paypal account and the payment is $500.01, the entire thing goes through as an eCheck. Waiting for a penny for 3-4 days is kind of silly, but that's the way it is. Just thought I'd give you a heads up on it. Shop CCF Members on eBay. Edited by bobby131313 02/13/2005 9:40 pm Report this Post to the Staff
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