Ebook success: Guide to writing, marketing, delivering and selling your ebook » paypal echecks http://e-booknow.com/blog Complete guide to writing, marketing and selling your ebook Mon, 26 Jul 2010 19:13:01 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Why does paypal say that an echeck is pending? http://e-booknow.com/blog/2008/02/28/why-does-paypal-say-that-an-echeck-is-pending/ http://e-booknow.com/blog/2008/02/28/why-does-paypal-say-that-an-echeck-is-pending/#comments Thu, 28 Feb 2008 20:40:00 +0000 ebooknow http://e-booknow.com/blog/2008/02/28/why-does-paypal-say-that-an-echeck-is-pending/ I’ve received so much traffic from writing about paypal echecks and other disasters that I’ve decided to reward the viewing public with another post about paypal echecks.Why does paypal say that an echeck is pending?This is a question that I received recently. It reflects a fundamental misconception about paypal echecks. Here, let me spell it out.PAYPAL ECHECKS ARE NOT – I REPEAT – ARE NOT INSTANTANEOUS TRANSFERS OF MONEY

I hope you got that. If not, back up and read it again. An echeck usually takes THREE TO FOUR BUSINESS DAYS to clear. What are business days? They are days other than weekends and holidays. So your paypal echeck could take 7 days to clear if you add in a three day weekend.


I received another related question. When should I ship the product if I receive an echeck?

When the echeck clears – is the right answer.

Here’s another related question. How does this affect the buyer?

The buyer will be very unhappy to wait because they think that an echeck is an instantaneous transfer of money. If you get such a buyer, refer him/her to my ALLCAPS bold statement above.

Thankyou and have a nice day

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