Is ebay going offer a virtual wallet like basically had with Paypal? MP = LOST SALES

[siamjane8]

Wondering the rational of ebay to now force sellers to take their money offsite by forcing us only to receive funds in  a checking account.

    Managed Payments has basically taken any remaining benefits of using ebay and thrown them away....

1. for sellers -have to wait days for payout and MP system is overwhelmingly complicated and non transparent and the simplified fee structure sneakily charges a full ebay fvf of 12.55% on the sales tax as well as the shipping cost instead of PayPal's processing fee of 2.9%, making the majority of transactions cost more with MP than previously...... and there is no excitement or joy in selling anymore- structured just like a job that you have to wait to get paid for instead of instant payment that sellers turn around and buy with onsite. People who chose to own their own business now feel as if they work for ebay but without the benefits.......

2. for buyers- My wife does not even consider ebay for purchases anymore- why?, because the funds from what she sells on Mercari stays there (unless you choose to transfer whenever you want), so that money becomes her guilty free fun money!   She will even pay more for items just because she has an excess of money on the site!!!!!!  Now she list more there than on ebay  to keep the cycle going.... see the pattern ebay?    She just made another sale on Mercari and she made and exclamation- YES! sale Mercari.  There is excitement around selling there now- what used to be ebay before all of this MP debacle. In the last 2 weeks she has bought 2 photo printers, numerous clothing items, flee stuff for our cat, photo paper, craft supplies, professional colored pencils, and video games for the playstation,  and that is just off the top of my head.

     We made ZERO purchases on ebay.   Managed payment forces all seller proceeds to a checking account that mortgages, electric bills, food, car payments, credit card bills, etc are all paid from-   Ebay has tied the experience to the monotony of paying bills instead of the excitement of selling and buying and that is what motivates people!

BTW- she just helped a friend set up a Mercari account today- she told her that ebay is too complicated to list on with all the unrelated item specifics that they force you to waste time putting in and does NOTHING for the search results or sales.........

   I tend to agree- since the push for item specifics and catalog based search- pretty much everyone has seen the decline of relevancy in ebay search and sales have been on a stead decline- if they helped- wouldn't sales be improving? just common sense in my book.

[347mrky]

How can you see how the buyer paid? That’s interesting….I just find that my funds are so low and so slow now with MP. I really can’t pinpoint why. 

[347mrky]

Garage sale income that was sold at a loss was not required to be reported. Until now. And hobbyists are not even allowed to take deductions like businesses can. 

[mam98031]

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@basicshoe wrote:

Thanks for the effort to clarify - but I don't have the option to pay with MP, above all I didn't even know that PP was still in place. I spoke to Ebay agent who didn't mention any of the info you just gave, honestly Ebay can hire you & you can do them more justice than the current team they have.

That being said - with Mercari you already have terms that are clear that the item has to be as described for you to get paid - if you sent the wrong item then Mercari protect self by making sure that they keep the buyers payment just in case a seller screw up.  Ebay on the other hand - wasn't insecure to have the system you see now - the power was given to the sellers to deal with their own buyers & sellers had to issue refunds & that responsibility was solely on the sellers hands. Unless the buyer makes a claim or seller makes a claim to Ebay to be a middle man. 

Mercari is not dictating what bank account you need to have! And like you said you can use the funds within their marketplace or trans that money to your preferred checking account. It is not clear what Ebay is doing? They apparently can still charge your paypal acc if they chose to for all the other things - but they can not deposit through your paypal acc - why???

They could have had the system that is in place if they wanted to protect themselves - why do they have to dictate where I want my money to go? It is only a deposit after they've taken their funds - why should I be limited to their own bank system as a seller. Ebay/PP had the system that worked excellent for the seller & the buyer. This current system is good for who exactly? Ebay? I've read some comments from buyers who are lost as into even how they can request their refund if they didn't received their packages. If my buyers didn't received the items - I would just easily issue the refund - I was in control of the dealings with my buyers & of where my money goes! I've been doing so with joy for almost a decade with no problem!

The MP system is inferior to the prior payment system - the interface that Ebay is introducing to us is redundant & frustrating to deal with...Mercari have one thing going for them - sellers can deposit their money to any "checking" account they choose with no problem. I didn't need to use Mercari bcz I had Ebay/PP that was way better  than any market place for regular folks like me! My daughter (16 yrs) use Mercari - she is okay with the system bcz she is young & don't need to pay bills & she can just send her money to my checking account that Ebay refused - with no problem... 

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@basicshoe 

The option when creating a label in Ebay when the seller is in MP is there for ALL sellers in MP.  I gave you a pic of the area in my earlier post to you.  That is the SAME option we ALL get when we are in MP.  So it is there, you may have overlooked it, but it is there.

So your biggest concern about MP was being forced to have your money go to your bank account?  Not the length of time it took you to get your money in the bank?

If a buyer is "lost" on how they can file for a refund on Ebay, they simply aren't looking.  It is quite easy to locate and file them.  Hard to miss if they look at their purchases.

Oh you are preaching to the choir.  I'm well aware that MP doesn't come close to what PP has to offer.  

For those that don't like their money being delayed, Mercari isn't an alternative that will resolve that issue.

[mam98031]

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@347mrky wrote:

Yup. The federal 1099k cap dropped from 20,000 to 600. Thanks Biden for sneaking that into the COVID relief bill. I was so resistant to MP but I wanted to keep selling so of course I opted in. Then right after I did my sales went from 1 a day to 1 week. No idea why. Same merch. Same prices. Who knows. I joined mercari 3 days ago and have had two sales. One thing is you have to wait for the item to get delivered to get paid so I haven’t actually seen my $90 yet… also it appears to be a younger crowd who pay more for collectibles that eBay is saturated with. Good luck and I hope things pick up soon. Also hope they repeal that 1099k provision as all it does is tax poverty level people making $600 a year. 

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The 1099K change to $600 does NOT take affect until 2022.  And Biden didn't "sneak" it into the stimulus bill.  It was there for all to see.  But really it shouldn't be an issue for anyone if they have been claiming their income from online sales like they are suppose to.  

Unlikely that the $600 would be anyone's only income.

[714gorilla]

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@siamjane8 wrote:

"Wondering the rational of ebay to now force sellers to take their money offsite by forcing us only to receive funds in  a checking account.

    Managed Payments has basically taken any remaining benefits of using ebay and thrown them away....

1. for sellers -have to wait days for payout and MP system is overwhelmingly complicated and non transparent and the simplified fee structure sneakily charges a full ebay fvf of 12.55% on the sales tax as well as the shipping cost instead of PayPal's processing fee of 2.9%, making the majority of transactions cost more with MP than previously......

     Managed payment forces all seller proceeds to a checking account that mortgages, electric bills, food, car payments, credit card bills, etc are all paid from-   Ebay has tied the experience to the monotony of paying bills 

   I tend to agree- since the push for item specifics and catalog based search- pretty much everyone has seen the decline of relevancy in ebay search and sales have been on a stead decline..."

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You are so right, but it's not the checking account that stops me - I can always open or get another checking account....but I can NOT get another Soc Sec number, and I've seen some financial lives ruined forever when someone gets their number. Sorry, but I don't trust them with that.  Paypal handles my money only.

I asked Ebay to just give me an Ebay credit for the little money of mine they are holding and I'll use it to buy on Ebay; but they said they couldn't do that. Too bad, I thought I'd make it easy for both of us.

[mam98031]

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@714gorilla wrote:

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@siamjane8 wrote:

"Wondering the rational of ebay to now force sellers to take their money offsite by forcing us only to receive funds in  a checking account.

    Managed Payments has basically taken any remaining benefits of using ebay and thrown them away....

1. for sellers -have to wait days for payout and MP system is overwhelmingly complicated and non transparent and the simplified fee structure sneakily charges a full ebay fvf of 12.55% on the sales tax as well as the shipping cost instead of PayPal's processing fee of 2.9%, making the majority of transactions cost more with MP than previously......

     Managed payment forces all seller proceeds to a checking account that mortgages, electric bills, food, car payments, credit card bills, etc are all paid from-   Ebay has tied the experience to the monotony of paying bills 

   I tend to agree- since the push for item specifics and catalog based search- pretty much everyone has seen the decline of relevancy in ebay search and sales have been on a stead decline..."

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You are so right, but it's not the checking account that stops me - I can always open or get another checking account....but I can NOT get another Soc Sec number, and I've seen some financial lives ruined forever when someone gets their number. Sorry, but I don't trust them with that.  Paypal handles my money only.

I asked Ebay to just give me an Ebay credit for the little money of mine they are holding and I'll use it to buy on Ebay; but they said they couldn't do that. Too bad, I thought I'd make it easy for both of us.

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@714gorilla 

MP only requires the last four digits of your SSN.

MP isn't a Wallet type program like PP is.  Maybe sometime in the future but certainly not now sadly.

[downunder-61]

I asked Ebay to just give me an Ebay credit for the little money of mine they are holding and I'll use it to buy on Ebay; but they said they couldn't do that. Too bad, I thought I'd make it easy for both of us.

So, how do you get what they owe you. I know you decided not to go with the bank stuff, but they can't just keep your money.

Did they advise how you will be able to receive it, or does it have to go through the state first?

Over here we just mention the FOS and money is released pretty quick, so it can be done. Maybe difference in banking/financial laws and regulations

[714gorilla]

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@downunder-61 wrote:

I asked Ebay to just give me an Ebay credit for the little money of mine they are holding and I'll use it to buy on Ebay; but they said they couldn't do that. Too bad, I thought I'd make it easy for both of us.

So, how do you get what they owe you. I know you decided not to go with the bank stuff, but they can't just keep your money.

Did they advise how you will be able to receive it, or does it have to go through the state first?

Over here we just mention the FOS and money is released pretty quick, so it can be done. Maybe difference in banking/financial laws and regulations

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I have a lawyer in the family.  What is the FOS?

[714gorilla]

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@mam98031 wrote:

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@714gorilla wrote:

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@siamjane8 wrote:

"Wondering the rational of ebay to now force sellers to take their money offsite by forcing us only to receive funds in  a checking account.

    Managed Payments has basically taken any remaining benefits of using ebay and thrown them away....

1. for sellers -have to wait days for payout and MP system is overwhelmingly complicated and non transparent and the simplified fee structure sneakily charges a full ebay fvf of 12.55% on the sales tax as well as the shipping cost instead of PayPal's processing fee of 2.9%, making the majority of transactions cost more with MP than previously......

     Managed payment forces all seller proceeds to a checking account that mortgages, electric bills, food, car payments, credit card bills, etc are all paid from-   Ebay has tied the experience to the monotony of paying bills 

   I tend to agree- since the push for item specifics and catalog based search- pretty much everyone has seen the decline of relevancy in ebay search and sales have been on a stead decline..."

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You are so right, but it's not the checking account that stops me - I can always open or get another checking account....but I can NOT get another Soc Sec number, and I've seen some financial lives ruined forever when someone gets their number. Sorry, but I don't trust them with that.  Paypal handles my money only.

I asked Ebay to just give me an Ebay credit for the little money of mine they are holding and I'll use it to buy on Ebay; but they said they couldn't do that. Too bad, I thought I'd make it easy for both of us.

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@714gorilla 

MP only requires the last four digits of your SSN.

MP isn't a Wallet type program like PP is.  Maybe sometime in the future but certainly not now sadly.

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That is not true - they want the entire Soc Sec Number I was told.  They said they 'have to verify it's' me and I tried to tell them PayPal did that years ago so now PayPal's verification is wrong?

[downunder-61]

Over here it is the Financial Ombudsmen Service - they are the people who govern and regulate the various service/corporate company's funds and charges.

They are like an arbitration without going to court - for example if someone is over charged on a service to the point where it is ridiculous (kid calls Russia on the phone and leaves it off the hook, and dad gets charged $5000.00 on his next bill) the FOS can get the amount owing to a more acceptable level rather than the phone company using it's normal long distance rates.

We had a few sellers who did not decide to join MP, but eBay had put them in anyway, and the sellers could not get funds for the items sold without joining. They contacted the FOS who checks out the legal ramifications under our law, and Adyen had to pay those sellers back in to Paypal or by cheque.

[714gorilla]

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@downunder-61 wrote:

Over here it is the Financial Ombudsmen Service - they are the people who govern and regulate the various service/corporate company's funds and charges.

They are like an arbitration without going to court - for example if someone is over charged on a service to the point where it is ridiculous (kid calls Russia on the phone and leaves it off the hook, and dad gets charged $5000.00 on his next bill) the FOS can get the amount owing to a more acceptable level rather than the phone company using it's normal long distance rates.

We had a few sellers who did not decide to join MP, but eBay had put them in anyway, and the sellers could not get funds for the items sold without joining. They contacted the FOS who checks out the legal ramifications under our law, and Adyen had to pay those sellers back in to Paypal or by cheque.

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Thank you, you explained that well.  Sounds like a good service you have over there.

I had the same problem as the sellers you spoke of.  I was told I had until June 11th to sign up for MP but Ebay never told me that if I sold something before then I wouldn't get my money; or not to sell anything until I sign up for MP.  They could have said that in all the reminders they sent to sign up by June 11th but didn't.  I sold 2 items before that date and now they won't give me my money.  But I'm working on that because I know they can't do that.  They've credited me before for some things but now claim they can't just give me a credit for the money.

Peace