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Direct credit cards payment for bonanza
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I would like to know does direct credit cards for bonanza holds back your payment for 90 days i read a review some where that said bonanza direct credit card payment does that and that it’s no good bad for your business.

asked almost 9 years ago

ReidsBoutique
Reputation: 12
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1 Answer
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Accept hover

Here is the correct info directly from Bonanza’s FAQ [URL removed] [URL removed]

It also [URL removed] "How long before funds from completed purchases are transfered to my bank account?

It varies depending on your history with Bonanza, whether you provide a tracking number, and many other factors. In most cases, funds are transferred 5-10 days after a purchase is complete, but you can read much more detail about how and when money is transferred in our Direct Checkout Terms of Service (see sections 4 and 5)."

In MY opinion, accepting credit cards will NOT hurt your business in any way. Accepting credit cards directly might be the difference in a buyer shopping with you. You might have to wait awhile for your funds to become available. Bonanza is not holding your money. The credit card processing company that Bonanza uses to allow individual sellers to accept credit cards is the one that is holding your money. For them, it is “insurance” that items are delivered by sellers before funds are released to you. The more payments they process on your behalf, the shorter the wait before you get your funds.

selected by Bonanza as the best answer

answered almost 9 years ago

tomwayne1
Reputation: 8637
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4 Comments

ReidsBoutique says: July 18, 2016

Oh ok thank you

EmbellishMart says: July 19, 2016

@tomwayne1 Great info! Have heard really, REALLY bad things about companies like Stripe, that fraud is easy to perpetrate, is rampant, and that these cc processing companies do not support the seller, but take the side of the buyers. What’s your take on that?…

EmbellishMart says: July 19, 2016

…Storenvy tried to force seller to convert from PP to Stripe in order to continue selling in the marketplace, and was a complete disaster. Sellers revolted and SE had to reverse their decision. Many on eCrater complain about the problems and trouble these cc processing services are….

EmbellishMart says: July 19, 2016

Some, but not as many, say they have had no problems, but I’ve seen many more problems and horror stories.

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