As a buyer, payments through my buying account are now direct from my CC to ebay...there is now no longer any record in paypal for these payments.
As a seller, I received the same offer. After reviewing it, the 2.7% ebay fee is obviously lower than the current 2.9% PP charges. Based on what I read in the offer, there are no transaction fees charged. For me, this will be the real savings. I accept a large number of smaller payments, so saving 30 cents per payment is huge. Due to this savings on transaction fee costs, for a full year with receiving the same number and amount of payments LY, going this route will save me 42%.
My questions involve around the reporting. It may have been in the fine print, but will ebay now report my earnings to the IRS and mail me a 1099-k? Will there be the same monthy earnings reports similar to what paypal provides?
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