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Etsy Direct Checkout

I'm confused about how long it takes to receive payment with direct checkout. I've only done it once and it was with someone I trusted so I didn't mind sending it right away, but he should have gotten it by the time I received notice that the money had been deposited (about five days since the order). Is this always the case that it takes so long to receive payment?

21 Responses

the money is held for 3 days after the item is shipped, but there is a waiting period when you first sign up for direct checkup on top of that. did you join the team for direct checkup? there is lots of information there.
Good to know. I'll check out that team. Thanks!
First, there is a one-time 10 day waiting period that starts the day you signed up. Once you get past that, you can get your money 3 days after the sale OR after you ship, if it's longer than 3 days.

Etsy will automatically transfer your funds every Monday. You can also start a transfer sooner. You can transfer daily if the funds are available.

Once Etsy initiates a transfer, it can take from 1-7 days to transfer, depending on your bank or credit union. It takes 2 days for me.
Is there any risk to not getting the money? I've had that happen with PayPal - takes a few days, then doesn't go through. This is the only part that makes me a little nervous.
my bank holds the monday deposit until wednesday morning, but all banks are different.

once etsy notifies you that you had a sale, the money is yours, you just have to wait the 3 days to access it.
Before paypal put a 21 day hold on my account, I found the money arrives in my bank account in about the same time as paypal funds. However, I ship my orders within 1-2 days. My etsy funds make it to my bank 2 days faster than paypal funds after the transfer. So, for me, it was about 5 days with both methods to actually have the funds deposited in my bank account. I do schedule earlier deposits from my etsy payment account (not just Mondays) when the funds are available. If I do it before 4:30 they transfer same day:)
Now I'm really confused....I normally ship the same day I receive an order if it's before evening time. With PayPal you know you're mone has cleared within minutes right? Wouldn't this be a big risk to go ahead and ship something if it takes 3 days for the money to clear?
Opps...typo....I meant to say *Money* not Mone...lol
Char from Charsbeads4U says

Now I'm really confused....I normally ship the same day I receive an order if it's before evening time. With PayPal you know you're mone has cleared within minutes right? Wouldn't this be a big risk to go ahead and ship something if it takes 3 days for the money to clear?
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The money has already cleared on the customer's side. It just takes time to get it from Etsy to your bank.

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