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Thanks Carly!!
I've seen several references to Etsy making all the interest from holding of funds. What interest? Have you checked CD rates lately? They're about as close to zero as you can get.

I presume Etsy does make a small profit from our use of DC. So does PayPal. This is a good thing as no one offers new products or services out of the goodness of their heart. Profit is the driving force behind innovation.
Douglas Erwin from cobcobbler says

I've seen several references to Etsy making all the interest from holding of funds. What interest? Have you checked CD rates lately? They're about as close to zero as you can get.

I presume Etsy does make a small profit from our use of DC. So does PayPal. This is a good thing as no one offers new products or services out of the goodness of their heart. Profit is the driving force behind innovation.


the % may be small, but that too is a lot of money when you are talking about 100,000's of dollars and millions. and its fine that etsy makes money on it, same as paypal, but etsy is getting greedy and holding a lot of sellers money for weeks or months. the issue is that they are holding that money, not that they are collecting interest on the money in their accounts
It has to have been 3 days before the funds become available.
The funds aren't available for 3 days, and then they deposit on the following Monday. I DID use the "schedule an earlier deposit" option last week when I had a large sale. It said my funds would be deposited on the 12th (last Thursday) and they showed it going out on the 12th.

However, it did not actually go into my account until the 16th, the original deposit date. Will try it again this week, but I think the button is a placebo.
Etsy sent the money on the day they indicated. It can take anywhere from 1 day to 5 days to show up in your bank account, depending on your bank. Some banks process it within 24 hours. My bank takes two days.

You have to add in the weekend too. If I transfer on Monday, it shows up Wednesday. If I transfer Wednesday, it shows up Friday. If I transfer Thursday, the money won't show up until Monday, because of the weekend.

Sounds like your bank handles it the same way.

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