eBay managed payments

[Lorewalker]

Originally Posted by savedfrommyspokes

My accountant probably isn't too familiar with the inner workings of ebay, but will be fine with me providing the total dollar amounts deposited monthly to my checking account from ebay IF ebay does not provide this 1099(I assume they will).

If you know where on ebay there is a report that matches the information contained on the "Monthly Sales" report found under the reports home on the paypal site, please tell. The "sales" reports on ebay are not only very inaccurate/inconsistent, but are also not set up to show "actual" income, just sales (paid for or not). My accountant seems to only care about actual funds changing hands and not about mere commitments to buy .

I do not sell a heck of a lot but I have used the sales reports and they have always been spot on. I have never used paypal's sales reports so not sure if they show the gross sale as well as the net proceeds (after merchant fees) but ebay's have been great for me when I have sold stuff.

I use the Seller Hub. I got to my ebay and do the following: Choose the Selling tab, then choose Orders, then choose All Orders. There you can use the drop down menus for Category of Sale (Store, Auction or All), the Status of the sale and finally the Period of time which you want to get data. This can be downloaded and opened in Excel.

Again, what is missing is the net proceeds from the sale because ebay does not track paypal fees. Not sure if once they manage payments if their reports will also include the deduction for the merchant fees which would then reconcile to the deposits which are made to your bank account.

[savedfrommyspokes]

Originally Posted by Lorewalker

I do not sell a heck of a lot but I have used the sales reports and they have always been spot on. I have never used paypal's sales reports so not sure if they show the gross sale as well as the net proceeds (after merchant fees) but ebay's have been great for me when I have sold stuff.

I use the Seller Hub. I got to my ebay and do the following: Choose the Selling tab, then choose Orders, then choose All Orders. There you can use the drop down menus for Category of Sale (Store, Auction or All), the Status of the sale and finally the Period of time which you want to get data. This can be downloaded and opened in Excel.

Again, what is missing is the net proceeds from the sale because ebay does not track paypal fees. Not sure if once they manage payments if their reports will also include the deduction for the merchant fees which would then reconcile to the deposits which are made to your bank account.

Those reports are great and I unofficially use them regularly, but they do not always reflect the actual changing hands of money. In this report I have had orders (all items paid for together) show up with each item separate on this report causing the income at the bottom to be inaccurately shown. For accounting purposes, I need consistent accuracy which over the last 10+ years, has NOT been provided by this ebay report. In comparing my Aug 2018 PP reporting to the ebay reporting there was a variance of $350 more on ebay (due to glitch mentioned above). Using the ebay reporting could inflate my income by several K a year.

From paypal, each month I print out a "simple" one page day-by-day sales report which accurately shows the money actually changing hands (and matches my 1099), unlike the ebay reporting. This one page report is easier to maintain in case of an audit years down the road than an inaccurate CSV file from ebay which contains each order versus a simple monthly summary.


In addition, these ebay reports (orders) are available for only 90 or so days.
Paypal's reporting is currently available for up to 2 years on the site. While some audits are within a year, others are not, the ebay reporting does not help to verify the information I accumulate monthly through out the year.



In reference to ebay deducting fees from the income at the time of the deposit, the way I read the offer is that the 2.7% fee will be charged to my monthly ebay invoice and not deducted when deposited into my checking account.

[Arazi4442]

For any sellers considering eBay managed payments, one more negative to point out.

I just purchased two cards on eBay hoping to use the 15% coupon. Turns out one of the sellers was using eBay managed payments so I could only apply the code to one purchase. Cost me $30+. Not the end of the world but if I had known, I wouldn't have bought from that seller.

[Leon]

Well, that kind of stinks. Every time I see the title of this thread I think of Ebay managing all of my payments for me. Yikes.

Originally Posted by Arazi4442

For any sellers considering eBay managed payments, one more negative to point out.

I just purchased two cards on eBay hoping to use the 15% coupon. Turns out one of the sellers was using eBay managed payments so I could only apply the code to one purchase. Cost me $30+. Not the end of the world but if I had known, I wouldn't have bought from that seller.

[gregr2]

I appreciate all the inputs. I have decided to hold off on moving to the new system until eBay forces the issue. I'll stick with PayPal for now.

[prestigecollectibles]

I signed up and opted out. DO NOT sign up for this now.

[savedfrommyspokes]

Originally Posted by prestigecollectibles

I signed up and opted out. DO NOT sign up for this now.

Any reasons why you would not sign up now?

As more and more sellers sign up, the smoother it will be for buyers (in regards to those buyers reluctant to not use PP).

[prestigecollectibles]

Originally Posted by savedfrommyspokes

Any reasons why you would not sign up now?

As more and more sellers sign up, the smoother it will be for buyers (in regards to those buyers reluctant to not use PP).

It is worse for buyers. The only way to pay is with a credit card. You can't use your PayPal balance or pay with your bank account. As a seller I still have not received money in my bank account from Sunday night's sales. They said one buyer paid with AMEX and eBay is holding my payment for a few days until it clears. It is ridiculous. I had a buyer cancel on me too because they couldn't use PayPal. If eBay was so proud of their Managed Payments they would publicize it. The only way to know a seller is using Managed Payment is that the small PayPal icon is missing under the payment options in the listing.

[JollyElm]

Originally Posted by Arazi4442

For any sellers considering eBay managed payments, one more negative to point out.

I just purchased two cards on eBay hoping to use the 15% coupon. Turns out one of the sellers was using eBay managed payments so I could only apply the code to one purchase. Cost me $30+. Not the end of the world but if I had known, I wouldn't have bought from that seller.

Never mess with a man's 15% off coupon...NEVER!!!!