mam98031 • Volunteer Community Member • Buyer/Seller since 1999
We wanted to provide more information on getting paid with managed payments. The full infographic is attached to this post, screenshots are below.
@jm20-8868 wrote:managed payments ???
"this means savings for their business.* It’s that simple."
One bundled fee automatically deducted from the sale
Now, when it comes to payments, fees are more transparent (NOT SO FAST )
and reconciliation is easier. The main thing to think about is your final value fee and
ignore the fact that ebay is charging you more when it comes to the sales tax charge .
EXAMPLE: NEW YORK charges 8% sales tax so on a $25.00 purchase + the sales tax = $27.00
$2.00 now the old way you the seller would pay only 2.9% on $ the $ 2.00 TAX which = 5.8 cents on that $2.00 tax.
The manage payments would be 12.35% on that $2.00 tax which means you would
pay 24.7 cents . NOW THAT HOW THE MAGIC WORKS !!!
There is no magic to this. It is called a simplified fee for a reason. Once we all get use to the structure of this change it is easier to understand it.
@blue_ridge_market wrote:
Well that may not be true.
What is your auto pay method on your Monthly Seller Invoice?
The only fees currently being auto deducted in MP is for FVFs and the transaction fee from the date you entered MP.
Any FVFs prior to entering MP is on your Monthly Seller Invoice. As is store fees, listing fees, listing upgrades, promo fees, some types of shipping, etc.
So check your Monthly Seller Invoice for details. That is likely what the charge is for.
@heavenlydaze2 wrote:Well, then you'll want to stay away from Etsy, because they've been doing managed payments from the start. I do most of my selling on Etsy, who by the way, have expanded way beyond the 'home-made' craft store they started out as. I sell tie-dyed clothing and only use Ebay to sell my Etsy size returns. Managed payments just take getting used to. I'll miss having Paypal deposits, but there IS an upside... your fees won't accumulate, they'll be paid 'as you go'. I never have a big Etsy bill at the end of the month, which is kind of nice. The downside is waiting 2-3 days for your money to transfer to your bank, but unless you're operating on a shoestring budget, it really isn't a big deal. As for them having access to your checking account, I've never, as in NEVER had an issue with Etsy in nine years of selling there via managed payments. They only deposit money INTO the account. Not one penny has ever come OUT of my checking account. Fees come out of sales as they are made. Ebay's managed payments work the same way. Don't know if any of this helps ease your mind??
Just for some clarification: Etsy started their Money Processing program using Adyen in 2016. Etsy was founded in 2005.
@bluths_frozen_bananas wrote:Yeah I wondering that now myself. Ebay had become just an all around pain in my a&&. Buyers are beating me up already on my prices that are already low and I'm 1K% sure that 2.9% than PayPal was getting is going to jump up to 3 or even 4 %. I think after my remaining stock is sold I'm walking away. I'll just try and sell through FB Marketplace
You are in MP now. If PP raises their pricing it isn't going to affect you. How is it that you think it would affect you in MP? I'm confused.
@bluths_frozen_bananas wrote:I can only imagine the wait times on getting payment as well as the loss of our selling/ buying protection. Not to mention another platform that wants not only my banking information but my SSN ?!??!??!??!? **bleep**
What loss of selling/buying protections?
If they don't have your banking info, how do you expect MP to transfer money to you?
The SSN is REQUIRED by Federal laws such as the Anti Money Laundering laws and IRS regulations. Ebay isn't in control of that.
![Video [Russian Language]: Answers to common Payoneer registration issues](/t5/image/serverpage/image-id/750612i41F587DBC26EF24C/image-size/large?v=v2&px=999)
