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Funds in escrow ?
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Hi guys. We got an order and the receipt say the funds are in escrow. Does anybody know what that means ?

asked over 10 years ago

thunderroseleather
Reputation: 14
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4 Answers
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It means they will send the amount to the bank account you have on record, as soon as the payment clears. The person paid by credit card. Meanwhile you can ship.

I have had several credit card purchases, and they were all good.

answered over 10 years ago

Ms_Prissys_Patterns
Reputation: 366
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2 Comments

thunderroseleather says: February 16, 2015

Thanks for your response. So it goes to our bank and not paypal ?

ccmom says: February 16, 2015

If the buyer chose direct checkout credit card option, through bonanza…yes, goes to bank. If they choose the credit card option through paypal..then it goes to paypal. Since it says it is in escrow, the buyer chose direct checkout with credit card through Bonz

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We didn’t know that Bonanza had a form of direct checkout.

answered over 10 years ago

thunderroseleather
Reputation: 14
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2 Comments

tomwayne1 says: February 16, 2015

It is something you actually had to sign up for, which included giving Bonanza your bank account information so that you could accept the direct checkout payments.

ccmom says: February 16, 2015

you signed up for it…it is on your items….

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I just had this happen to me yesterday, too…I must have signed up, too, but don’t recall doing it. Would someone mind checking to see if I did? How long will we have to wait for the $$$ to go to my bank? It is not there today.

answered over 10 years ago

iloveoldstuff
Reputation: 32
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1 Comment

ccmom says: February 17, 2015

yes you have it too…just look at your own listings…

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Here is the information on the Direct Checkout…

[URL removed]

click on terms of service..to see how long it will take for deposit (it will be at least 2 weeks)

answered over 10 years ago

ccmom
Reputation: 12648
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