First time selling since Managed Payments - this stinks!

[pericombobulation53]

First time selling an item since eBay converted over to managed payments.  This is crazy.  Not only do I have to wait for my money now, but it appears that eBay fees have skyrocketed.  I just sold a camera for $501.30 including $16.30 shipping and apparently I'm paying $65.93 in fees, for a net of $435.97.  I'm very disappointed and I think I might start looking for other platforms on which to buy and sell.  This is ridiculous!

[releasethekraken_1]

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@pericombobulation53 wrote:

First time selling an item since eBay converted over to managed payments.  This is crazy.  Not only do I have to wait for my money now, but it appears that eBay fees have skyrocketed.  I just sold a camera for $501.30 including $16.30 shipping and apparently I'm paying $65.93 in fees, for a net of $435.97.  I'm very disappointed and I think I might start looking for other platforms on which to buy and sell.  This is ridiculous!

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Fees when using PayPal:

$51.77 FVF to eBay

$15.31 to PayPal

Total = $67.08

So you're complaining because your fees went DOWN? If it will make you feel better, take the $1.15 you saved and give it to a charity.

[hurryagain]

it is a bummer that we are no longer with paypal.  We were all spoiled with instant payments, it is an adjustment to get used to having to wait for our deposits into our bank accounts.

What you might be forgetting to add into your equation is PayPal's fees.  When you take out 10% eBay fees + PayPal's fees of 2.9% + 30 cents it comes out to be pretty much the same as what you were paying using PP.

$517.60 sale

-$51.76 (10% eBay FVF)

-15.01 (2.9% PayPal fee)

- .30 PayPal per transaction Fee

-16.30 for your stated shipping fee

=$434.23 Net which is a bit lower than what you got ($435.97)

I am posting this in hopes that this helps you.  Now that we are using MP, everything is one lump sum which makes it look like they are taking out an outrageous amount for fees but when you structure it against the old tiered system, you see that it is about the same.  We used to get billed every month for out eBay fees, that has now gone away.  There is no monthly billing anymore because they take everything out at the time of the sale itself.

@pericombobulation53 

[vfr700f2]

I just sold some items for the first time since the change.  As stated the money instantly in my PayPal account was great. When I bought postage it came directly out of that account.  This time it used a backup checking account I seldom use but fortunately had enough money in it to cover the postage even though every other time I use PayPal it charges my credit card and it was set that way prior to this sale. So I make a sale on Sunday and now it is the following Thursday and I still have no money but I am out postage and product.  This new system benefits eBay but other than maybe a partial percentage savings to me it is worthless. I also may start looking for another sale site as this is a huge negative.

[hurryagain]

@vfr700f2 

You can have the postage deducted from the related MP payment.  If you use eBay shipping labels, go to the bottom of the labels page and under Select how to pay, click pay from your pending payouts and the shipping cost will be deducted from that payment so that nothing is coming directly out of your bank acct. 🙂

[shado-x]

First time selling an item since eBay converted over to managed payments. This is crazy. Not only do I have to wait for my money now, but it appears that eBay fees have skyrocketed. I just sold a camera for $501.30 including $16.30 shipping and apparently I'm paying $65.93 in fees, for a net of $435.97. I'm very disappointed and I think I might start looking for other platforms on which to buy and sell. This is ridiculous!

That is just not true.  Except for having to wait for funds in an account (an eBay account) that will be pushed into another account (a bank account) when the buyer's funds clear soon enough, your fees are lower as another poster has presented----it all adds up.  If you wanted those funds in your bank account through he previous way from PayPal, you were charged an additional fee on top of that.   For even lower fees, upgrade to an eBay Store.  Managed Payments is 1000 times better than the eBay/PayPal arrangement.  Build a reserve and you'll be fine.