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How do I add a payout to Facebook Marketplace?

How do I add a payout to Facebook Marketplace?

Facebook Marketplace allows users to buy and sell items directly through Facebook. As a seller, you can list items for sale and collect payments from buyers. Once a sale is completed, you need to configure payout settings in order to receive the money you earned. This article will explain how to set up and manage payouts for Facebook Marketplace sales.

Prerequisites for Facebook Marketplace Payouts

Before you can receive payouts on Facebook Marketplace, you need to meet a few requirements:

  • You must have a Facebook profile in good standing. Your account cannot have any restrictions or blocks.
  • Your profile needs to be confirmed with your real name and date of birth. Facebook does not allow anonymous or fake profiles to participate in Marketplace.
  • You must provide a valid debit card or PayPal account. Facebook will deposit Marketplace earnings into a linked financial account.
  • If using a debit card, it must be issued in a supported country. Debit cards from most major banks are accepted.
  • Your Facebook profile and financial account must match the same name and country.

Once those prerequisites are met, you can start the payout setup process within Facebook.

Adding a Payout Method

To add a payout method for Facebook Marketplace:

  1. Open the Facebook app on your mobile device or navigate to Facebook in a desktop browser.
  2. Click on the Marketplace icon, which looks like a small shop front.
  3. In the left menu, click on “Selling Tools.”
  4. Select “Payout settings.”
  5. Choose to add a debit card or PayPal account. You will need to provide account details.
  6. Follow any additional prompts to confirm your payout method.

Once the payout method is successfully added, any Marketplace earnings will be deposited into that account automatically. It may take 1-2 business days for earnings to show up after a sale.

Changing Your Payout Method

If you need to update your payout information, it’s easy to change your linked debit card or PayPal account:

  1. Go to “Payout settings” under the Selling Tools menu.
  2. Click on “Change” next to your current payout method.
  3. Select the option to change to a debit card or PayPal.
  4. Enter the new account details when prompted.
  5. Confirm the change to save the updated payout method.

Your new payout account will be effective immediately for all future Marketplace earnings.

Troubleshooting Facebook Marketplace Payouts

If you are not receiving Marketplace payouts properly, here are some troubleshooting tips:

  • Make sure your payout account is confirmed and validated in Facebook. This is required before any money can be released.
  • Check that your debit card or PayPal account is active and allows incoming transfers. Contact your bank or PayPal if your account has any restrictions.
  • Verify your name, country, and other account details match exactly between Facebook and your linked financial account.
  • Look for any notifications about pending withdrawals in the Activity Log or your email. Transfers can take 1-2 days to process after a sale.
  • If your account is disabled or suspended, you cannot receive payouts. Resolve any account issues before payments can be released.

You may also need to allow 1-2 billing cycles for earnings from your first Marketplace sales to be disbursed. Facebook reviews new sellers and accounts as a fraud prevention measure.

Facebook Marketplace Payout Timeframes

Here are the typical timeframes for receiving Facebook Marketplace payouts into your linked debit card or PayPal account:

  • Instant Payouts via PayPal – Funds appear in real time if you have PayPal Instant Transfer enabled. A fee applies.
  • Standard Payouts via PayPal – 1 business day for earnings to reflect in your PayPal balance.
  • Payouts to Debit Card – Can take 1-2 business days to post to your bank account.
  • First Payout – May be delayed up to 14 days for new sellers or accounts.

Payouts are processed Monday to Friday only. Transfers will not occur on weekends or holidays. All times are based on the time zone configured for your Facebook and PayPal accounts.

Viewing Your Facebook Marketplace Payout History

Your payout history is available within Facebook so you can track completed and pending transactions:

  1. Go to the Marketplace Selling Tools menu.
  2. Select “Payout history.”
  3. Review your statement of all paid and pending transfers.
  4. Filter by date ranges or transaction statuses.
  5. Click a payout to view additional details and processing times.

The payout history statement will show earnings, taxes deducted, processing fees, and net amounts paid into your linked debit or PayPal account per transaction.

Automatic Taxes on Facebook Marketplace Payouts

Facebook will automatically deduct applicable taxes from U.S. Marketplace sellers before disbursing payments. Here are some key points on Marketplace taxes:

  • Taxes are only collected for sellers with over $600 in total annual gross sales.
  • A 1099 tax form is issued if you exceed 200 sales transactions and $20,000 in gross sales per calendar year.
  • Sales tax collection and remittance varies by state based on economic nexus laws and seller details.
  • Income taxes on net earnings are your own responsibility based on your tax bracket and filing status.

Be sure to track your Marketplace transactions and set aside taxes appropriately. Consult a tax professional if needed. Facebook does not offer specific tax advice.

Minimum Payout Threshold on Facebook Marketplace

Facebook will only process and disburse Marketplace payouts that meet the following minimum thresholds:

  • PayPal Payouts – Must accumulate to at least $2.00 before transferring out.
  • Debit Card Payouts – Must total a minimum of $15.00 to issue payment.

Earnings will accumulate across multiple transactions until the threshold is reached. Balance is paid out on the next payout processing cycle.

Fees for Facebook Marketplace Payouts

When you receive Marketplace payouts, Facebook does not charge any fees or commissions. However, there are some costs associated with instant transfers or cross-border payments:

  • PayPal Instant Transfers – 1% fee, minimum fee of $0.25 USD per payout.
  • Foreign Exchange Fees – 2.5% for converting earnings to non-USD currencies before payout.
  • Cross-Border Fees – When funds are paid out to a country other than where the sale occurred.

To avoid fees, use standard bank payouts in your currency and country. PayPal also charges their own transaction fees – be sure to review their fee policies.

How Long Does it Take for Facebook Marketplace Payouts?

The time it takes to receive your Facebook Marketplace earnings depends on:

  • Payout method – PayPal is fastest at 1 day, debit cards take 1-2 days.
  • Processing times – Weekdays only, can take longer for first payouts.
  • Minimum thresholds – Must meet $2 or $15 minimums before paid out.
  • Account reviews – Extra delays if Facebook reviews your account for risks.
  • Bank processes – Varies by your bank’s posting schedule.

Under normal conditions, expect Marketplace payouts to take 1-3 business days to reach your chosen debit card or PayPal account. Schedule your transfers accordingly.

Why Is My Facebook Marketplace Payout Delayed?

Some common reasons why your Facebook Marketplace payout may be delayed beyond normal processing times:

  • Account verification or first-time seller review by Facebook. Can add up to 14 days.
  • Pending account or payment risks being screened by Facebook.
  • Transaction errors or disputes that must be resolved first.
  • Bank transfer delays or errors during settlement.
  • Minimum payout threshold not yet reached for your balance.
  • Temporary Hold on your account for suspected violations.

If your payout is delayed more than 14 days with no notifications, confirm your accounts are in good standing and contact Facebook support for assistance.

How to Contact Facebook Marketplace Support

If you need help with Facebook Marketplace payouts, you can contact their support team:

  • In the Facebook app, visit Marketplace > Selling Tools > Get Support.
  • On desktop, go to Marketplace > Selling > Get Support.
  • Select Contact Support and choose Payouts issue.
  • You can also submit support questions from the Marketplace Support Page.
  • For time-sensitive issues, you may need to call Facebook Support and talk to a live agent.

Be ready to provide your order information, seller profile details, and any error messages you are receiving. Support agents can best assist with specific payout issues this way.

Best Practices for Facebook Marketplace Payouts

Follow these tips for smooth Facebook Marketplace payouts:

  • Link an active debit card or PayPal in your own name and country.
  • Double check your account details to avoid validation problems.
  • Transfer earnings regularly instead of letting balances build up.
  • Allow extra time for first payouts until you are verified.
  • Enable PayPal Instant Transfer for fastest payout speed.
  • Track your statement history for accurate accounting.
  • Save records for taxes if you are a high-volume seller.

Closely monitoring your payout settings, transfers, and account standing will help identify and resolve any potential issues early.

Facebook Marketplace Payout FAQs

Here are answers to some frequently asked questions about Facebook Marketplace payouts:

How long does it take to get paid on Facebook Marketplace?

Payouts take 1-2 business days to debit cards or 1 day to PayPal in most cases. First payouts can take up to 14 days during account review.

Does Facebook take a cut of sales?

No, Facebook does not take a fee or commission from Marketplace sales. You receive the full amount paid, minus taxes or transfer fees.

Can I transfer Marketplace money to my bank?

Yes, link a debit card to your Facebook profile and earnings will deposit into your connected bank account.

What are the requirements to get paid?

You need a confirmed Facebook profile, valid debit card or PayPal account, and to meet the $15 or $2 minimum payout threshold.

Why is my Marketplace payout still pending?

Delayed payouts are most often due to introductory account reviews, pending disputes or account issues, or minimum balance requirements.

What if I don’t have a debit card for Facebook payouts?

You can link a valid PayPal account instead. However, a debit card or PayPal is required to receive earnings.

Will I get a 1099 for Marketplace sales?

If you exceed 200 sales and $20,000 in gross annual sales, yes. You are responsible for income taxes.

How often does Facebook pay out sellers?

Facebook processes payouts each business day, as long as minimums are met. Weekends and bank holidays cause delays.

Conclusion

Receiving payout for your Facebook Marketplace sales involves linking a valid debit card or PayPal account in your profile settings. Earnings are automatically disbursed into your chosen method, minus any taxes or fees, once minimum thresholds are met. Payouts typically take 1-2 business days but allow extra time for introductory reviews. Carefully manage your payout account details, transfer history, and seller status to avoid delays. Contact Facebook support if your payout is not received within expected timeframes. With the proper setup, you can conveniently receive your Marketplace earnings.