Barrettscv 

Thank you Jim,

The changes to the text are a improvement all-around.

Michael

KonAaron Snake 

The waiting time varies with how long it takes to ship and how long it takes the buyer to leave feedback. It can be several weeks, or even longer. I find it likely they will determine your funds will be frozen if you haven't sold bikes before. I am not willing to do business that way.

Try Serotta.

miamijim

I've never had to wait to receive funds......

KonAaron Snake 

I've sold around 10 bikes and had 50-60 sales of parts, with no problems, and am on their freeze policy. Their terms and conditions state I am not subject to it based on my sales success, but they do it anyway. I've been asking for a year to have the freeze removed, or have an explanation given, and have gotten neither. I've been told that their legal terms and conditions are binding on customers but not on them. It is absurd and offensive and has lead to multiple class action law suits, which they've settled. It is not just me having the problem. I have decided not to deal with them and to do my best not to give them money whenever possible.

Barrettscv 

These pictures show the bike with the normal amount of seat-post showing and with the bars rotated forward;

cehowardGS

That is WRONG INFO!!

If you are a new ebayer/seller, Paypal CAN hold your funds for 21 OR when POSTIVE FEEDBACK IS RECIEVED(that could be the next day after the sale if overnight shipping is used).

My wife was a new ebayer.. She sold several things right off the bat. Buyer #1 got their item and posted feedback. End result, PAYPAL RELEASED THE FUNDS 3 days after sale. She made a point of telling buyers that she was a new ebayer, and when they got their item, and everything was as advertised to leave positive feedback.

Another way Paypal releases funds to new buyers is to show the tracking information. Paypal releases the funds 3(SOMETIMES IN 2 DAYS) days after tracking info shows the item was delivered.

Example, somebody wins or buys your bike off Ebay. They pay, and you ship the bike. Paypal RELEASE THE FUNDS without positive feedback, 3 days after tracking information shows that the item was delivered.

You will NEVER have to wait 2 or 3 weeks. Only way you have to wait several weeks to get paid from Paypal, is that you are delivery takes that long.

If you are in doubt call Paypal, you will get the CORRECT INFO!!

Luck to you on your sales,

KonAaron Snake 

The above information is incorrect. Paypal can and does hold payment until the buyer releases funds or until a month goes by DEPENDING ON THE ITEM FOR SALE. Paypal/ebay often considers bicycles to fall under their high risk categories. The fun thing about their high risk category is that they determine what falls under it on a case by case basis and can apply it to anything. They don't explain their decision process should you be unlucky enough to fall under it, and the number of your sales, history, type of sales all play a role. The problem with Paypal is that they make unilateral decisions, often after the fact/sale, and there is nothing you can do about it...even if their terms and conditions refute their decision. Your option is to sue them, but who wants to do that?

If the buyer feedback IMMEDIATELY, and IF shipment goes out quickly, it is POSSIBLE to get your funds quickly. It doesn't always happen that way. I have personally waited 6 weeks to get my money. Additionally, when shipping overseas tracking isn't always possible or economically realistic.

The poster above does not have the experience with ebay or paypal to be commenting. Take it with a strong grain of salt. Because it is possible to get your payment quickly does not mean it always happens. Do a Google search on Paypal class action law suits and you will find out about some of their policies. Advice on the internet is free, and you get what you pay for in many cases.

Barrettscv 

I know that PayPal and eBay has their own set of rules. A few years ago, I took an E Marketing class at Northwestern University as a part of a continuing education program. My final paper was an analysis of the terms and conditions at both eBay & PayPal.

It was an eye opener.

I hope to be able to sell the Ti bike locally and have a potential buyer visiting tomorrow. Cash & carry is better than PayPal.

Michael

cehowardGS

First, "buyers don't release funds". Buyers "pay funds"

If you are a new ebayer, Paypal will hold funds, but NOT FOR 2 OR 3 WEEKS, and for sure not a month.

If this is the OP's FIRST SALE on Ebay and with Paypal, and he sold his bike to me for $300 on the 1st of the month. I paid as soon as I won the auction or buy it now, he shipped the bike overnight, I got the bike on the 2nd day of the month. Left positive feedback, the OP would he get his money on the 2nd day, and at worst on the 3rd.

Even if OP sold me the bike for $3000, the same would occur. The OP would get his money on the 2nd day, no later than the 3rd day..

cehowardGS

On New Ebayers, Paypal will put a temporary hold on funds..And rightfully so. This keeps people from get swindle..However, the hold can be as short as 2 days, or how long it takes for the item to be delivered.

Maybe the peeps that get their funds held by paypal for a month HAVE A BAD RECORD OF PAYING, SWINDLING OR SOMETHING!!

KonAaron Snake 

It's becoming hard not to be rude and/or patronizing.

Again, I have personally waited 6 weeks and it isn't that uncommon. Google paypal law suits. The policies can change depending on what is being sold, and they have the ability to almost randomly decide things are high risk. I am telling you sales with bicycles are more difficult, especially for casual sellers. Jim probably didn't have a problem because he was a high volume seller before the policies went into effect. I have 10 full bike sales and about 50 for parts, with no disputes, and they do apply it to me, against their terms and conditions. The policy is that unless the buyer releases positive feedback, they wait a month to release your funds...and it can get longer with International transactions.

I have personally spent hours on the phone with paypal, I have waited over a month for payment and I spoke with an attorney about lawsuits. I also researched existing lawsuits. You can believe who you like, but I'm telling you low transaction sellers with bikes often become a problem and Paypal is not a seller's friend.

AltheCyclist

I'd go with CL .. ebay has potential for much hassle. With CL, you need patience, though, as mentioned, it's early in the season for bike sales. Might want to try putting a couple ads on CL - try posting to nearby cities as well. And remember the patience part ... might be months before you get a real buyer.

cehowardGS

I agree, CL is the prefered way, because you don't have to deal with the hassle of shipping, and the funds issue. My last two bikes I sold, I sold them on CL. Didn't put them on Ebay. Packing and shipping bikes ain't fun..

Also, on all my sweet finds, most of them have been on CL, the two good ones I got of Ebay, were pick ups, and item and cash exchanged right there..

I was just commenting because didn't want people to get the wrong info on how Paypal works. When I post items on Ebay, I specify Paypal only.. My wife didn't mind a couple days hold either..

Again, luck to the OP on their sale...

gomango

.....and this is precisely why I stopped using Paypal, except for our kids' lunch accounts.

Oh, I used it for my membership here as well.

That's it in one year, and I must say I am happier for it.

If I see a bike, part, or clothing item, I contact the seller and see if a check is ok.

I send it and it's always good.

When I sell items, I'll take a personal check, cash it, and then ship for a larger item.

I still always get my money faster when I am the seller using this method.

Can I get everything I want on ebay using this method?

You'd be surprised how often I end up with an item after an auction goes south on a seller.

As for the local CL, it has turned into a waste of time for the most part, so I rarely bother.

Everybody and their dog flips up here, and it has degenerated into ad after generic ad of garage sale bikes marked up to $300.

Many of them are absolute pieces of wasted metal. Some aren't, but the bad sellers have ruined the market, and you see the same overpriced bikes for months on end.

So the fun has been sucked out of this little venture for me.

vjp

So much better!!

Give CL a shot first and then try the bay.

Good Luck!!

cehowardGS

Another important point, that seems not being mentioned. If there is some FUNNY STUFF going on, say "buyer" and/or "seller" is not satisfied, or course Paypal is going to hold funds until the dispute is settled.

Other than that, Paypal will RELEASE funds as soon at the buyer gets their item and leaves positive feedback. Or 3 days after tracking info is confirmed that the buyer did get his/her item..

But, barring any disputes, Paypal will released the funds quickly, and this is ONLY for new ebayers. Ebayers with good records get their funds released INSTANTLY, such as yours truly..

As all others have AGREED, go to CL first, it is quick, fast and no shipping.

But, has anybody mentioned the stick-ups that have happened on CL??

gioscinelli 

I've had positive experience with Ebay and Paypal over the years and would recommend them. As for Paypal holding money, that's only if there is a E-Check or funds transferred to Paypal and they recommend waiting until they give the ok to ship. Like most money institutions they will hold money transferred electronically to your account for sometimes 7 to 14 day's even though it take milliseconds at the speed of light to transfer, they get interest while in the loop. I don't ship any item until I have all the money in my account. Nice TI bike Michael! Thought you had a Litespeed? Let this auction run on the 2008 Lynskey Titanium, no sale then consider parting it out, you'll get more and it's easier to ship a frame than a whole bike. Seeya on the Road, Mike

cehowardGS

Thanks for that explanation! For a while there I thought I was speaking a different language!!

If you sold me a bike for $5000, and even if this is your first sale, and I transfer the $5000 right from my bank, no e-checks, just a straight transfer of funds, you ship me the bike overnight, I post positive feedback the next day, you would get your $5000 in 2 days.

Other people are talking about disputes, such as the item is not as advertised, or whatever, or course paypal is going to hold funds on disputes. Also, if LAWYERS are involved, then that is PLAINLY a DISPUTE.

We were not talking about DISPUTES!!

Barrettscv 

Hi Mike,

I'm feeling pretty good about the ti bike selling this week. I have an appointment with a local Craig's List buyer tomorrow. He has been discussing bike fit and I have his cell phone, he sounds like a solid buyer.

I've had 300 views and 30 "watching" on eBay since Sunday 9PM. Based on my prior history, that means multiple bidders.

I'm taking my time with the Paramount. It has not been listed anywhere yet.

Cheers,

Michael

gioscinelli 

I have never experienced Paypal or Ebay holding funds. I usually maintain a few hundred dollars in my Paypal account and transfer the rest to my checking account. There are times that I will sell a complete bike and have a balance well over a few thousand dollars. If a buyer uses a Credit Card, then that's when you transfer at least 90% of the money to your bank. Not that I'm paranoid, but if the buyer disputes through their credit card company, that company will automatically deduct from Paypal and Paypal will take the money from your account, where upon you have to go after the buyer and the credit card company. But, if Paypal has to use their money, because your account has insufficient funds to cover, they will help you to their best interest to resolve the problem. There are scams out there that once the product is received they then dispute the sale through the credit card holder and your stuck holding air, that's why you need a interested partner who has a vested interest.

KonAaron Snake 

I am really done with the argument...I have explained that it happens. I have explained that it doesn't always happen. There are multiple law suits about it. You can read about their high risk categories on paypal's ts and cs. I have said that it happened to me and that I researched the issue thoroughly. What else is there to say? I'm glad it didn't happen to you.

Barrettscv 

Well, Craig's List was a flop but eBay quickly produced a quality sale.

I had one shopper look at the Ti bike from Craigs List. It was almost humorous, the shopper wanted to impress me by his riding history and was making stupid criticisms of the bike. He stated that tred-less tires could not provide good traction. He also needed substantial help and instruction as to how to shift and where to grip the handlebars.

After a three mile test ride, he asked about my $1200 starting price on eBay. I explained that the item had more than 35 "watchers" and that right at the last minute, several bidders will push the price of the sale up to $1400.

I told him that if he wanted the bike, I would accept $1400, but no less. This was a $300 discount off the price listed on Craig's List. He told me he didn't have that kind of money. I was glad to watch him leave.

Yesterday my eBay listing expired. During the last minute, the sale went from zero offers to four offers from three different bidders. It sold for $1390 plus $99 for packing & shipping.

KonAaron Snake 

I'm curious to see what the Paramount goes for. My bet? 1150-1200?

Congrats!

Barrettscv 

Yeah, that would be my guess and not much more.

KonAaron Snake 

I wish I could have afforded to make you a better offer.