This is very poorly thought out and will cause massive issues for buyers, sellers, banks, and ebay. I use different cards for different types of ebay items/transactions and so far, every ebay purchase has only used the one card without asking me. It instantly charges my card with zero warning. You might think this is great for sellers, but buyers will not buy if they cannot specify payment method at time of purchase. What you're going to get is a lot of surprise charges to unexpected payment methods, many will not go through, sellers still will not get paid, and you're going to create a large group of royally **bleep** off buyers who decide not to buy after all when they find the wrong methods charged. Also, with auctions one rarely knows what the exact total will be, only the max one has bid.
With the hassle over trying to change the automatic payment methods (unless one wastes a huge amount of time going in to change payment method for every single auction - a HUGE problem for those who buy many auctions - the very group you should want to keep happy), the fixed nature of payment methods, and the variable nature of the total price with shipping, people will be hesitant to bid at all and will bid less when they do.
They may not know at the time of the bid how much their card has (or will have) left on it or will not be able to guess how much will be in their bank account for debit cards when the auction ends - people do spend money on other things than ebay. If you don't know what you will have in the bank in the future or what the auction total will be (it's an auction, bidding changes the total + many auctions have shipping costs that vary quite a bit after the auction ends - like based on weight, going to a different country, etc.) They either won't bid at all, will wait until absolute last minute to bid (resulting in forgetting about auction and not bidding, lower totals when people do bid at last minute, and overall, the seller will end up getting much less money.
As a result, I don't want this as a buyer AND as a seller! I want people to feel comfortable bidding their max amounts and I am fine with not every buyer following through because those that do pay, pay so much more. Honestly, non-paying bidders isn't a problem for us sellers who do a good job describing and listing their auctions so there are no last minute surprises. Non-payers, on the other hand, will always be a problem for questionable or problematic sellers who create last minute problems or issues for buyers such that they end up experiencing nasty "gotchas".
At any rate, I am walking away from ebay. Lots of other ways for me to buy & sell out there. This change will be a huge boon for ebay's competition. Besides, ebay has become polluted by cheapo sellers from China and I don't want my money supporting China. That's another problem. Sometimes, the auction only lists or shows the US as the source, but when the auction ends, one finds out it's actually coming from China. Sellers do this because the cost of US shipping is actually far greater here than it is for them to ship from China. They charge US shipping fees, ship from China, and pocket this different - profit for seller and buyer gets scammed. I see this one all the time. Or, what if someone is buying a gift or wants the item shipped to a different address with a different cost of shipping? What if they arrange with seller to use a cheaper shipping method than what was listed, the seller doesn't know how to change or doesn't want to fiddle the the shipping before the auction ends? Seller normally would wait until auction ends, calcite the total, and then send an invoice. With automatic payments, the buyer gets charged the full amount listed in the auction. If shipping turns out to be more (maybe due to something buyer wants, etc.), the seller can't easily change things, it's a big hassle and they usually end up eating this difference. If shipping is less due to cheaper shipping options, etc., the buyer loses that money. Yes, I know, there are ways to change some of this. The point is, it's a pain, adds uncertainty and confusion, and will result in fewer bids, lower prices, and unhappy buyers and sellers. If you're going to do this, please add a click box to search to only show auctions not requiring this automatic payment feature as there's no way I am bidding on anything requiring it. You can take your automatic payment auctions and items and keep them as I won't touch them with a ten foot pole!
I am taking my money and auctions and leaving ebay. I suspect many others will too and because they have left (and because this automatic crap has been sneaky), they will never know if ebay changes back - you're losing those buyers long term. Automatic payments only work for items being sold at a fixed price where every amount to be charged (and when) is shown in advance (hence the legality concerns and the involvement of state and federal agencies). It doesn't work for auctions or anything else with highly variable prices, totals with shipping, and dates the buyer's card will be charged on. People don't like this uncertainty with their cards and money, they would rather not bid and will buy somewhere else where this uncertainty and variability is removed. Eff you ebay.
Regards,
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