Holding funds by a gigantic company like Paypal allows them to generate interest on those funds. It might not seem like much, but consider that many millions are held in "escrow" at all times, which is essentially free money for the company, and no money for you until the arbitrary time period is over.
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