Echeques,tell me how they work.

[NORMANTHEDOG]

Someone has paid me on ebay by echeque,now i presume this is a internet bank account thing,but not sure how it works,anybody help to explain how they work etc,etc.

[noxlumos]

E-cheques are ok but they can take ages to clear, over 12 days in one instance with me so don't let the goods go until after that whatever you do. It's literally paypal' method of debiting money straight from someone's bank account and it's something I'd avoid if I had a choice although I have been paid via this method several times successfully, the problem is it just takes ages to clear. there's info on it on paypals website.

[NORMANTHEDOG]

thanks

[fastfocker]

An eCheque is an electronic funds transfer that withdraws money directly from your bank account. It's just like writing a cheque, only it is done electronically. When you send money with an eCheque, the transaction will be held as pending for seven to nine working days, until the electronic funds transfer has cleared your bank.

[neo.]

you werent that fast to answer