Will sellers continue to sell on Ebay under the new EBAY MANAGED PAYMENTS??

NATCARD · #1 06-18-2020, 01:53 PM

I have been in managed payments for months. 1) Simply put eBay is taking a $.35 fee per transaction with it. They have been losing out on this by accepting PayPal. The way I figure it is they miss PayPal and are starting a "NEW" version of it. 2) You do not wait that long for your deposits to your bank account. Most are sent from Ebay with 1 day (sometimes hours) of items being sold and paid and then there is a few day delay for the deposit to show up in your bank account. You will receive deposits on a daily basis and sometimes (I have had 3) in a single day. You can opt into a once a week deposit if you like. 3) The fact that PayPal is not used anymore is a downside. I use PayPal to pay for a lot of business related things such as Stamps.com shipping and now when my PayPal gets low I find myself depositing money into PayPal from my bank account. 4) My fees are NOT deducted from my payments and my credit card is still charged my full eBay seller fees and related fees every month. I hope this helps, Jeff W

buymycards · #2 06-18-2020, 03:38 PM

Quote:

Originally Posted by NATCARD

I have been in managed payments for months. 1) Simply put eBay is taking a $.35 fee per transaction with it. They have been losing out on this by accepting PayPal. The way I figure it is they miss PayPal and are starting a "NEW" version of it. 2) You do not wait that long for your deposits to your bank account. Most are sent from Ebay with 1 day (sometimes hours) of items being sold and paid and then there is a few day delay for the deposit to show up in your bank account. You will receive deposits on a daily basis and sometimes (I have had 3) in a single day. You can opt into a once a week deposit if you like. 3) The fact that PayPal is not used anymore is a downside. I use PayPal to pay for a lot of business related things such as Stamps.com shipping and now when my PayPal gets low I find myself depositing money into PayPal from my bank account. 4) My fees are NOT deducted from my payments and my credit card is still charged my full eBay seller fees and related fees every month. I hope this helps, Jeff W

This is from the email that was received today:

Simplified fees:
○ Once activated for managed payments starting late July, you will pay a final value fee, consisting of a category-based percentage of the total amount of the sale, plus a $0.30 fixed fee per order.1
○ Your final value fee will be automatically deducted from your sales proceeds. You can cover the costs of refunds from your bank account or credit card when your pending payout is not sufficient to cover the refund amount.

I never gave any thought to refunds. PayPal won't be involved, in most cases. So, hopefully, your bank account will have enough of a balance to cover any refunds. If not, it will come from your credit card. I give a lot of refunds from PayPal because of buyers buying multiple items and not waiting for me to send them a combined shipping invoice.

D. Bergin · #3 06-18-2020, 03:48 PM

Quote:

Originally Posted by buymycards

This is from the email that was received today:

Simplified fees:
○ Once activated for managed payments starting late July, you will pay a final value fee, consisting of a category-based percentage of the total amount of the sale, plus a $0.30 fixed fee per order.1
○ Your final value fee will be automatically deducted from your sales proceeds.

Ok, so I was right. LOL!

The new and improved Ebay.

"To simplify the act of skimming more money from you"

LOL!

jbsports33 · #4 06-18-2020, 06:43 PM

Still need to set this up, sounds like a good July 4th Holiday task to read more about it! Paying for items should not change - and Paypal should still be an option

Jimmy

View Poll Results: Will you continue to sell on Ebay after the new Ebay Managed Payments is implemented?
Yes, I will migrate to the new payment system and continue to sell on Ebay as usual.	79	76.70%
No, this will be the final nail in the coffin. I am done with Ebay!!	24	23.30%
Voters: 103. You may not vote on this poll

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