I just had my first sale with Direct Checkout and I am very happy with the process. I was informed that May 1st would be the first day I could make deposits, but I had already had one sale by that time. I was online a few minutes after midnight and checked on the status. It indicated that I could now make deposits and the next one would be made on May 7th (since that would be the first Monday after activation), but I clicked the button to schedule an earlier deposit. Much to my surprise, the date was changed to May 1st! On the 1st, I received an e-mail from Etsy indicating a payment had been sent to my bank and on the 3rd, the deposit was made there (I understand that different banks have different waiting times and mine is generally very slow!!).
So...so far so good! I know this is only one sale, but the process seemed to go well for me and I just wanted to let the admins of Etsy know this and to thank them for including me in Direct Checkout, as well as inviting me to join this team.
Betty