Originally Posted by
MetalPedaler
"eChecks" can take up to a WEEK to clear. Yes, it will show at your end that it was withdrawn from your account...but it still takes anywhere from 3 days to a week for it to "clear" [I believe PayEnemy is just using the aggregated funds as a fl;oat and drawing interest on the bazillions of dollars held in limbo in such a manner].
PayEnemy tells the seller when it has "cleared" and when it is safe to ship. They don't tell the consumer this, however, so the consumer thinks it's the seller's fault....and this can lead to bad feedback and low DSRs for the seller, and actually ruin his business and shut him down- THAT is why Ebay reeks!
If you want fast service through PayEnemy and Ebay, always fund your purchases through a crtedit card- in addition to them clearing right away that way, you'll have an additional level of protection beyond the time alotted through Ebay and PayEnemy's protection service, in that you could also do a charge-back through the credit card.
Some sellers are also drop-shippers, or actually selling from Asia with or without disclosing that fact- which is another story- but those usually don't last very long.
Good post. I always buy with my credit card and never my bank account. Further, I accrue 1% cash back on my CC purchases...only way to go.