Comparison of the “Old” and “New” Abebooks Payment Schedules
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New Payment Schedule |
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1. Orders in “Shipped” status: Sunday 1 – Thursday 5
2. The first Friday in the month: Offset billing applied and payment total calculated. Email of payment amount sent. Friday 6
3. Funds released by your bank – Friday 13
4. Payment sent via EFT. Processing period before deposit finalized. Approximately, Saturday 7 – Thursday 19. (Varies depending on the bank.)
5. Friday 20 : Maximum date of deposit to your bank account
An example of our old payment schedule:
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Old Payment Schedule |
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1. Books in "Shipped" status: Thursday 5 - Wednesday 11
2. Period for order adjustments by bookseller: Thursday 12 - Saturday 14
3. Abebooks payment processing: Sunday 15 - Wednesday 18
4. EFT payment sent to banks. Email sent informing of payment: Friday 18
5. Deposit made to bank account (Varies bank-to-bank.): Thursday 19 - Friday 20
