mam98031 • Volunteer Community Member • Buyer/Seller since 1999
@dippy-dawg wrote:I totally agree. It even sucks for those who do not have a checking account. At least with PayPal you had some sort of access to your funds. Whether it is to purchase something else from any website that accepts PayPal or if you had the PayPal Debit Master Card and you could withdraw the funds from an ATM or something of the like. From what I have read PayPal and eBay have severed ties and they have gone with a company called Adyen. They handle payments worldwide and for other multi-billion dollar companies such as Uber and Facebook. Now eBay states that it is going to be better for everyone overall, but I disagree. All someone has to do is dispute the charge and as a seller you're screwed. At least with PayPal you had a fighting chance. As for the time being, if you want to sell you are stuck with their offerings. For me, even though I do not have a checking account, I am able to sell and receive my funds. I am sure you are wondering how is that possible. It's easy. I have a prepaid debit card that is set up to accept my direct deposits. Direct deposit requires a routing and account number. So does eBay's new managed payment system. Therefore, linking my debit card's routing and account number to my eBay account was not only easy, but it has worked flawlessly. The best part is that only funds can go in the account. Funds cannot be withdrawn.
This is a very difficult change for those that have never used any other payment processor program other than PayPal.
It can be very hard to understand that it is PP that is the unicorn here not MP.
If you do a little research of the larger sites out there similar to Ebay, they all have had their own money processing programs for years, Ebay is the last of the big site to bring theirs onboard.
NONE of those sites have a money processing program anywhere near as flexible as PP is. They are ALL much closer be being like MP functions with some exceptions. Some sites have stricter rules on when a seller can have access to their literal cash money.
As to your ability to attach your debit card to MP. I recently heard about this possibility and I'm trying to do some research on that for more information.
@petitpariscouture wrote:Like you I am a small seller since 17 years ago and now I am completely disappointed with this new 'fishy' Ebay payment method.
To me this is nothing more then GREED. Now the relationship buyer/seller is in jeopardy due to this annoying issue.
On top of that they get immediately 'almost' 20% of the payment ... why? And hold our money for 2 or 3 business days ... Yes, to play with it and make more money for them. Not fair. I am wondering...what is next?
Anymore surprises fees at the end of each month?
Do they have any regard for sellers? Absolutely NOT. ZERO
Instead of helping the sellers especially during this difficult times ~ they are doing the opposite.
VERY SAD BUT TRUE.
I am seriously considering to get my own website and say GOODBYE to this company FOR GOOD.
The fees in MP have NOT increased your overall fees. The following numbers represent those that do not have a store and the fee rate for most common categories [not all].
Fees BEFORE going into MP
10.20% FVF + 2.9% PP fees = 13.10% plus 30 cent per transaction fee.
In MP the fees are:
10.20% FVF + 2.35% money processing fee paid to MP = 12.55% plus a 30 cent per transaction fee.
@summit_diversified wrote:I think this may be an attempt to hinder drop shippers. I'm not waiting days for payment. I just canceled all of my listings and won't be doing business with ebay anymore. Sad to see. I think ebay is on the way out. It's a dinosaur at this point.
That is doubtful. Those that drop ship responsibly will be able to deal with MP easily. I dropshipped for years and MP would not have been anymore than a new process I needed to get use to.
If you have time, go out and do some research. Look at the payment programs on the other big sites similar to Ebay. You will find that all of them have their own money processing programs and some of them have rules that you would like even less than the ones on Ebay. Ebay is the LAST of the bigger sites to bring a money processing program to the site. But go look at the seller payment terms on Amazon, Etsy, Mercari, Poshmark, Offerup and more. It is likely going to be an eyeopener for you.
@26sam9168 wrote:I am now moving to ebid and hope ebay crashes and burns
I get it and I respect that you are angry with Ebay. But why would you wish harm to the millions of other sellers on this site if it were to cease to exist????
@26sam9168 wrote:except with paypal the money wa sstraight in to the account and postage could be paid directly from paypal, now this isn't an issue if you have good cash flow, but not everyone has, so now the seller has to wait till the money clears and gets a "late" mark for delivery or has to extend the shipping time thus losing sales due to being a "late" shipper ! Whichever way you look at it, this new system is total w*nk, created by idiots in suits that have no real grasp on a) logic, b) common sense, c) intelligence
No not really. In MP sellers have a choice if they want their shipping costs deducted from their MP account or their PP account. You've made an assumption that is not accurate.
If sellers are getting a defect for shipping late, then the seller is NOT shipping within their stated handling time on the listing the buyer purchased from. If a seller needs more time to ship, no matter what their reasoning is, they need to adjust their handling time accordingly BEFORE someone purchases. This has ALWAYS been a responsibility of the seller and does NOT change with the entry into MP.
Knowing the rules is actually important to the successful use of Ebay and of MP.
Do you have any other concerns? Best to ask so you can at least know what the actual rule is for MP.
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