My wife used to audit banks years ago. It's amazing how much money the make on these few day holds. I think after the first hold with stripe the fastest payout is 2 days for the US unless it's considered a high risk then it's 7 days. It also varies by country.
Funds held in Stripe Dashboard?
Newbie question...
I have completed my very first Audiogon transaction!!! I sold some equipment and the funds were paid to my Stripe account. For some reason, they are being held for a week before transfer to my bank account. Are these funds secure, and can the buyer retrieve them? (I'm not saying he would, just asking if he can.) Am I safe to ship the equipment before the funds actually transfer to my account? Thanks for any insight.
Craig
I have completed my very first Audiogon transaction!!! I sold some equipment and the funds were paid to my Stripe account. For some reason, they are being held for a week before transfer to my bank account. Are these funds secure, and can the buyer retrieve them? (I'm not saying he would, just asking if he can.) Am I safe to ship the equipment before the funds actually transfer to my account? Thanks for any insight.
Craig