mam98031 • Volunteer Community Member • Buyer/Seller since 1999
@buyersresort wrote:The note I got in my ebay messages 'inviting' me to participate indicated the managed payment payment management system is required so other options are not available to sellers. Please feel free to correct me if I'm wrong.
Once they email you telling you it is time to enter MP. Then you need to register for MP. Or they will start to phase you out as a seller on this site. MP is mandatory for all of us as they phase us into the program. No choice other than to register or stop selling here.
@zero*spot wrote:Its funny, Numbers and figures dont lie. Im telling you what is in my paypal from one single transaction. Then what was in my eBay pending after one single transaction . After MP, Unless you can see into my paypal, ??? Your math doesnt add up. As much as you would like it to . Its not that difficult , really. But, we will let that go.
I just gave you a bunch of information back a couple posts. You just misunderstand the process and what the program is doing. it is common mistakes. Just take some time with the info I gave you and then come on back and ask any questions you might have and we will be happy to try and help you.
@zero*spot wrote:Also - Sales Tax is different with different buyers in different states. This changes Paypal deposits in little ways. But Its resolved. A competent eBay rep explained it correctly. I never was told that all fees that I had paid previously every month for sales transaction fee, are ALREADY removed from the total I am now getting from Managed Payments. This also included Promotional listing fees as well as final value. This is why it was less than when I was getting my money via Paypal. I went to look at my fees after every sale on the old seller fee page and it didnt increase. So then I contacted eBay and they explained that the fees are all inclusive and taken out from what I am left with as managed payment amount given to me. They need to make that more clear so people dont freak like I did.
NO you were incorrectly informed. The fees withheld by MP are ONLY the Simplified Fee [previously described in a previous post] and the 30 cent transaction fee. Your promotional listing fees, store fees, listing upgrade fees, Federal Express, UPS, etc. are still billed on your Monthly Seller Invoice.
There is NOTHING in the Simplified fee being withheld in MP other than your FVF and your payment processing fee.
It is clear on the policy pages. Have you spent any time with them? Do you need some links? Happy to help, just ask.
@buyersresort wrote:I know. For me it’s not just the small increase in fees and loss of all control. Losing all remaining control of ones business is significant though. Even more so is giving another entity a huge amount of access to a bank account and possible risks involved. After many years of eBay I will be leaving not to return.
others will choose to do the same I’m sure.
We just view things differently. Nothing wrong with that. When I compare my fees for a full month, my fees are slightly down. I ran that comparison for six months and each month I was consistently down. Not by much but down nonetheless.
I'm use to getting paid once a week or once every two weeks. It was the way it was when I worked outside the home and it is the same on a couple other sites I sell on. I don't pay bills daily or have to spend money daily so daily deposits just aren't part of my business model anyway, so I don't have an issue with when I get my money. I do however respect that for some sellers it is an issue.
Access to your bank account is vastly over stated and exaggerated. MP is waiting for you to get a bunch of money in that account so they can raid it. That is simply ridiculous. Before pulling money from your checking account MP notifies you of a need to fund your MP account due to a negative balance for whatever reason there may be one. They give you a choice to cover it with a credit card or your back up funding source or through the attached checking account.
I wish you well in whatever you decide to do.
@zero*spot wrote:I'll let the billing speak for itself at the end of the month and then I will get back to you as far as would occurred.
Your Monthly Seller's invoice won't tell you anything about your MP account or the fees the collect at the time your buyer pays.
@zero*spot wrote:Pre Managed Payments - which started for me today, I had $23.85 in my Paypal account from every $ 24.93 sale.
After the first sale today in MP, I get $21.29 from the sale on hold until I ship. Thats $2.56 less per sale.
So I ask....... How is this better for me again?????? Keep pressing people, and people will just walk away. Not worth being a whore and pimped out by eBay. It will get to the point where I would rather have ZERO $$$ and still have my pride.
As previously described, in MP they withhold your FVF on the sale and the money processing fee rolled into one fee called the Simplified fee. You aren't comparing apples to apples here.
Your PP transaction.
24.93 x 2.9% = .73 + .30 [transaction fee] = 1.03 in PP fees
24.93 - 1.03 = 23.90
24.93 x 10% Ebay FVFs = 2.49
1.03 + 2.49 = 3.52 Total fees
24.93 - 1.03 PP fees - 2.49 FVFs = 21.41 Clear money to you after fees.
Same transaction but in MP
24.93 x 12.35% = 3.08 + .30 [transaction fee] = 3.38 in MP fees
24.93 - 3.38 = 21.56 Clear money for you after fees.
I'm not sure what the 5 cent difference is for your PP transaction net receipt.
@buyersresort wrote:I respect and understand your perspective.
In my opinions collecting a paycheck for your time is a bit different then sending (in some cases) thousand of dollars in merchandise that you have already paid for, paying out selling costs, and shipping items before getting paid. I had a few customers with open accounts in my business but only a select few. In a sense a sellers funds are being held to their benefit and detriment to the seller.
I never indicated that MP would raid funds only that allowing additional people access to an account increases risk for a variety of reason. Stories abound about hackers for example. What if someone hacks only your eBay account and runs up fees and or purchase. Those could come straight from the bank account even if it overdrafts your account. It can be much more difficult and sometimes impossible to recover funds drafted from a back account. Credit card issuers just recover their funds from the victimized merchant that took the credit card in good faith from a customer. The merchant takes the hit but the card holder is protected. The back has no place to go aside from attempting to recover funds from the criminal, that in many cases is not possible.
Once a buyer's payment is pinged and authorized, the buyer can NOT cancel it. There is no risk to your money getting from MP to your checking account. It just unfortunately takes a few days.
Your shipping, if you use Ebay labels can be paid for from your MP funds.
No the process is as stated in my post #30.
If you have concerns about Ebay accessing your account, simply don't attach your main checking account. Open a new one specifically for the purposes to attach to the MP account. It makes for bookkeeping to be a bit cleaner too. I've done that for mine and I feed the monies from other sites I sell on into that account as well.
Ebay has never had the financial information for members hacked. Certainly always something to be aware of to be sure. But Ebay has had financial information on sellers for many years, whether as their back up funding source or how they auto pay their monthly Seller Invoice. So protecting our information isn't new to Ebay.
Even PP could be hacked. All internet sites have to be on guard for these types of attempts. No one is immune to them. Not even our banks.
The stories you are referring to are individuals that get their individual account hacked. That isn't a site wide hack and an individual can get hacked for many reasons. Some from being careless with information and some that have been very aware of the importance of their information and have protected it, but failed because thieves are very creative as well as persistent.
I personally had my PP account hacked a couple months back. Scary stuff to be sure. PP did not have a site wide hacking, hackers just found a way to my account specifically.
Someone can hack your Ebay account whether you are in MP or not. The risks are there and always have been. It isn't new or increased because you go into MP. Someone that hacks your Ebay account can't see your bank account information, it is encrypted. Now certainly if hackers got into your account they could change your bank account for MP to transfer. But then the hackers would have to respond to MP when they go to verify the bank account to, which is not speedy process. Chances are while the hackers were waiting for this process to happen, you would catch on and be in contact with Ebay to recover your account.
@buyersresort wrote:An additional bank account may still b e over drafted and funds removed.
Some hacks have been system wide but in reality if you are the victim it doesn't matter if its system wide or just your account the harm done is the same to the individual.
I agree with you in regard to PP and understand. That is one, I'm not inclined to and more and more services that can do the same. It just increases risk. PP is not linked to my eBay account so purchases may not be allowed without also knowing my user and password to PP as well. That affords quite a bit of extra protection. So no, purchased made on a hacked eBay account cannot draw from my CC or bank account in PP.
Relying on delays in a process don't give me a great deal of comfort.
Again, MP doesn't just go in an pull money. You are notified and you have options. There is no reason for your account to get overdraft fees unless you are not monitoring your emails or your MP account or both.
NO, Ebay has had NO site wide hacks except in February / March 2014 and that hacking did NOT have ANY financial information breached.
When it is an individual account getting hacked, that is not the fault of the site. Just like when my PP account was hacked. That was not PP's fault.
You may want to look at the set up of your account preferences again. You do offer PP on your listings. It is a requirement on Ebay for most categories. So PP is linked to your Ebay account. It has to be, otherwise how are you getting your payments before you move into MP?
"PP is not linked to my eBay account so purchases may not be allowed without also knowing my user and password to PP as well." I'm not sure what this statement means.
"Relying on delays in a process don't give me a great deal of comfort." They aren't "delays", it is the systems designed. That isn't the same thing. While it may be delayed to you, it is by design of the current program so for the program it is not a delay, it is how they process payments in 1-2 days.
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