Hey guys, I changed my bank details recently and all have been verified. However, it normally states when the funds should be deposited. Currently, it says that the funds are on hold. Could this mean that my shop could potentially get suspended or would this have something to do with the recent bank change?
Yes, it is because of the recent banking change. Your shop is not getting suspended due to that. However, the listings in your Music section could cause some problems.
From a Help article:
''Once you’ve updated your bank account, your Etsy Payments funds will be on hold for 5 days to protect your account from any possible misuse. This means your Etsy Payments sales funds can be deposited into your new bank account from 5 days after you update your bank details.''
Yes, it is because of the recent banking change. Your shop is not getting suspended due to that. However, the listings in your Music section could cause some problems.
From a Help article:
''Once you’ve updated your bank account, your Etsy Payments funds will be on hold for 5 days to protect your account from any possible misuse. This means your Etsy Payments sales funds can be deposited into your new bank account from 5 days after you update your bank details.''
Thank you so much! I will address those music tees now thank you