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Managed Payments: Can one CANCEL the program and go back to the Original payment/payout way??

Managed Payments: Can one CANCEL the program and go back to the Original payment/payout way??

 

Do I have a choice? It takes forever to get your money with MP....

Message 1 of 10
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Re: Managed Payments: Can one CANCEL the program and go back to the Original payment/payout way??

NO

Message 2 of 10
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Re: Managed Payments: Can one CANCEL the program and go back to the Original payment/payout way??

 Can one CANCEL the program and go back ....

No, it is a life sentence.  You can sell on another or new ID that has not yet been inducted. They are not forcing new IDs into the program.   It will bide you a little time before that ID is forced to use the MPayments format.  Soon it will be the ONLY choice for all. 

Message 3 of 10
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Re: Managed Payments: Can one CANCEL the program and go back to the Original payment/payout way??

No; all will be on this program by end of next year. No more PP.

Message 4 of 10
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Re: Managed Payments: Can one CANCEL the program and go back to the Original payment/payout way??

I do not like it...The payouts are way too long....

Message 5 of 10
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Re: Managed Payments: Can one CANCEL the program and go back to the Original payment/payout way??


@corvettestainless wrote:

No; all will be on this program by end of next year. No more PP.


I wonder what they will do with the sellers who are in countries that Adyen doesn't support? I looked at the list of countries from their website and it wasn't every country out there.

Message 6 of 10
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Re: Managed Payments: Can one CANCEL the program and go back to the Original payment/payout way??

The expenses are higher since accepting the "Managed Payment" plan than originally thought For Instance:

 

Sale: $33.98

Fee: $5.49

16.156 % reduction...

 

They scratch for every penny and yet takes 5 days with weekends to send you your money.....I'm disgusted as usual, with this platform...

Message 7 of 10
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Re: Managed Payments: Can one CANCEL the program and go back to the Original payment/payout way??

I thought it would be something like that, a disguised way to up fees. Ebay used to be about 10% and paypal 3%, 13%. 3% is the fee increase and the site is managed worse and buggier on the user side too, cs is mostly garbage. But I expect some "big fish" shill with lots of AI added "helpfuls" and a mouthful of smug **bleep** will come along, they always do.

Message 8 of 10
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Re: Managed Payments: Can one CANCEL the program and go back to the Original payment/payout way??

You have no choice like the rest of us. You just have to work around it. I suggest setting the payouts to weekly so the money starts hitting your bank each week like clock work. Also use a separate bank account just for ebay it makes it easier keeping track. You can at some point send funds from your bank back to PayPal if you keep a running balance there.

Message 9 of 10
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Re: Managed Payments: Can one CANCEL the program and go back to the Original payment/payout way??


@realtorchamp wrote:

The expenses are higher since accepting the "Managed Payment" plan than originally thought For Instance:

 

Sale: $33.98

Fee: $5.49

16.156 % reduction...

 

They scratch for every penny and yet takes 5 days with weekends to send you your money.....I'm disgusted as usual, with this platform...


I find my "simplified fees" (fees on total amount to include sales tax, and shipping) to be pretty much equal to the old FVF + PP when the sale is to a state(location) with about 6% sales tax.  

 

If the sales tax is over 6% the fees are a bit more. Lower than 6% (and no sales tax) deliveries result in a small fee savings.  Mine seem to average out in the long run.

 

My business model can absorb the slight increase. I have added a few pennies ($'s where I can) to listing prices to smooth out the bumps.

 

The MP crediting of fees on returns/paid cancellations is a + that some sellers benefit from. PP was retaining those fee for many sellers.

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