NonSports Forum

Net54baseball.com
Welcome to Net54baseball.com. These forums are devoted to both Pre- and Post- war baseball cards and vintage memorabilia, as well as other sports. There is a separate section for Buying, Selling and Trading - the B/S/T area!! If you give an opinion of a person or company your full name needs to be in your post. Contact the moderator at leon@net54baseball.com should you have any questions or concerns. Enjoy!
Net54baseball.com
Net54baseball.com
ebay GSB

Go Back   Net54baseball.com Forums > Net54baseball Main Forum - WWII & Older Baseball Cards > Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions

View Poll Results: How many days should an auction house wait to ship items after payment has cleared?
1 day 53 31.74%
2 days 51 30.54%
3-5 days 43 25.75%
6 days to 10 days 17 10.18%
11 days to 14 days 2 1.20%
15 days to 21 days 0 0%
22-30 days 0 0%
31+ days 1 0.60%
Voters: 167. You may not vote on this poll

Reply
 
Thread Tools Display Modes
  #11  
Old 10-10-2011, 11:55 AM
edhans's Avatar
edhans edhans is offline
Ed Hans
Member
 
Join Date: Apr 2009
Location: Buffalo, N.Y.
Posts: 759
Default Re: Auction House Shipping

All sellers should have the right to wait until the funds have cleared before shipping. Problem is, different types of payments take varying times to clear and most financial institutions do not report when an item has cleared; only when it didn't. Hence the long wait times from some auction houses.
Reply With Quote
  #12  
Old 10-10-2011, 02:34 PM
calvindog's Avatar
calvindog calvindog is offline
Jeffrey Lichtman
Member
 
Join Date: Apr 2009
Posts: 4,682
Default

Ed, in today's day and age, banks clear checks in a matter of hours or maybe a couple days. When you access your account online it is made very clear what has and what has not cleared. There is not a bank in the country which takes 14 days to clear a check unless if it's perhaps a foreign check.
Reply With Quote
  #13  
Old 10-10-2011, 04:46 PM
GemMintAuctions's Avatar
GemMintAuctions GemMintAuctions is offline
member
 
Join Date: Jul 2011
Posts: 19
Default

Quote:
Originally Posted by calvindog View Post
Ed, in today's day and age, banks clear checks in a matter of hours or maybe a couple days. When you access your account online it is made very clear what has and what has not cleared. There is not a bank in the country which takes 14 days to clear a check unless if it's perhaps a foreign check.
You can see if your check has cleared your account, but you can not see if someone else's check has cleared their account unless you have access to their account. If I deposit a check today it will usually show as part of my available account balance immediately, but that does not mean that the check has cleared the account of the person who wrote the check. According to the manager at my bank, that process can take several days and Ed is correct in that you are not notified when a check has cleared, only when it doesn't.
Reply With Quote
  #14  
Old 10-10-2011, 05:02 PM
egbeachley's Avatar
egbeachley egbeachley is offline
Eric Bea.chley
 
Join Date: May 2009
Posts: 761
Default

I can't see how anyone can expect it to go out in 1-2 days if it's the first few days from the auction end when many payments are coming in at once. Either you have hired too many employees to cover the excess, increasing overhead, or you are hiring temps that need to be watched.
Reply With Quote
  #15  
Old 10-10-2011, 05:03 PM
calvindog's Avatar
calvindog calvindog is offline
Jeffrey Lichtman
Member
 
Join Date: Apr 2009
Posts: 4,682
Default

So the banks make it so easy to commit check kiting? You can send me a check for 500K, it clears my bank in a day or two -- without clearing the sender's bank -- then I immediately remove the 500K funds, and then the check is revealed as bad and I walk away with 500K? Wow, didn't realize that in 2011 banks make it that easy to steal.
Reply With Quote
  #16  
Old 10-10-2011, 05:04 PM
glchen's Avatar
glchen glchen is offline
_G@ґy*€hℯη_
Member
 
Join Date: Apr 2010
Posts: 2,471
Default

I personally like Legendary's policy, which may be shared by a few other auction houses also. They say that the first 3 wins, they will take the full 2 weeks for the check to clear. However, any wins after that, they will ship immediately to you upon receipt of your check. I assume that this is within reason, e.g., if you have 3 small wins, but then have a 10K win, they'll probably still wait for your check to fully clear. If you want your wins immediately, you should send a money order or bank cashier's check (or paypal if the auction allows it). For those, I think the auction house should ship immediately. Cashier's checks often have a few, but you may want to check w/ your bank. My bank (Chase) has free cashier's checks because I have a premium checking account w/ them, which is also free since Chase also holds my mortgage. If you have winnings from one of the smaller auction houses, shipping can take a bit of time even if you paid via Paypal. A lot of these don't have a dedicated shipping department, and it might only be one person doing all of the shipping. Therefore, if a bunch of people paid by paypal immediately after auction close, the person is going to be overwhelmed. This happened to me before, which is fully understandable.
Reply With Quote
  #17  
Old 10-10-2011, 05:14 PM
sbfinley's Avatar
sbfinley sbfinley is offline
Steven Finley
Member
 
Join Date: May 2009
Location: Nashville, Tn
Posts: 1,182
Default

I voted for 3-5 days, as that seems reasonable. I have no prior auction house experience, but I would assume that the largest majority of winning customers pay electronically or by mail within the first two days following the auction. Considering the size of the auction I don't find it unreasonable for the house to take a couple of days to double check winnings, combine won items, package securely, and ship out.

That being said, our hobby is one of wants not necessities. So if waiting two weeks to receive my auction winnings is the largest annoyance I have in a month, I can consider that a good month.
__________________
Always looking for rare Tommy Bridges items.
Reply With Quote
  #18  
Old 10-10-2011, 05:33 PM
barrysloate barrysloate is offline
Barry Sloate
Member
 
Join Date: Apr 2009
Location: Brooklyn, NY
Posts: 7,598
Default

Wasn't the survey question how long an auction house should wait to ship after a check has cleared? Once it clears, the orders should be sent ASAP.
Reply With Quote
  #19  
Old 10-10-2011, 05:51 PM
vintagechris vintagechris is offline
Member
 
Join Date: May 2009
Posts: 372
Default

Quote:
Originally Posted by calvindog View Post
So the banks make it so easy to commit check kiting? You can send me a check for 500K, it clears my bank in a day or two -- without clearing the sender's bank -- then I immediately remove the 500K funds, and then the check is revealed as bad and I walk away with 500K? Wow, didn't realize that in 2011 banks make it that easy to steal.
Banks put a hold on checks at a certain amount.
Reply With Quote
  #20  
Old 10-10-2011, 06:22 PM
edhans's Avatar
edhans edhans is offline
Ed Hans
Member
 
Join Date: Apr 2009
Location: Buffalo, N.Y.
Posts: 759
Default Re: Auction House Shipping

Jeff,
GemMintAuctions and vintagechris are correct. The funds appear in your account as available within a day or two, but they often haven't cleared the payer's bank by then. They will freeze some larger transactions depending on the history and size of your account. The point was that while most domestic checks do clear in a day or two as you correctly stated, certain types of accounts and checks drawn on off-shore banks can take significantly longer.
Reply With Quote
Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
American Memorabilia . com Auction House Shoeless Moe Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 3 01-18-2011 07:17 PM
Best Damn Auction House Period! V117collector Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 16 05-20-2009 11:45 AM
Choosing an auction house for selling Autographs Archive Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 15 03-31-2009 10:35 PM
Major Auction House Material - 5-10 Years Ago Vs. Today Archive Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 4 02-12-2009 07:26 PM
Memory Lane Redux? Archive Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 162 04-18-2007 06:51 PM


All times are GMT -5. The time now is 04:35 AM.


ebay GSB