01-22-2021 01:13 PM
Recently, I enrolled in Ebay Mangeed Payments for sellers because the indicastion was that my selling acount would be limited if I did not switch from Paypal to Managed Payments. I have been very disappointed and frankly, I feel defrauded by Ebay, because I still have not received funds in my account from a sale 3 days ago. I miss Paypal, when I transferred the funds to my bank account myself, and the money was available the next day. I would like to hear from other disgruntled sellers and discuss ways around this inferior system.
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03-23-2021 11:02 PM
Totally agree cleviebee, I have my new website set up and running and has been active for a year anticipating this **bleep** I been a seller on eBay since March 1998 and getting ready to get rid of eBay once and for all time...hard nut to crack but gonna do it if nothing else for my health. It'd more important to me that paying 16% fees to ebay and still have to wait on my funds....I believe there is a group starting a grand action against eBay i hope to dispel them...much luck my friend.
03-25-2021 08:34 AM
I for one, do not use a checking account. It’s too much aggravation and it’s not cheap. More fees for the seller...I want my money in PayPal...that’s my business account. So from what I can figure so far is eBay’s new “payment processor” will only accept “brick and mortar” banks...that’s a crock if you ask me. They asked for a routing and account number, I promptly supplied it and was refused because it’s not on their list of banks. Of course I found out the had way.....so now it means I need to find $5K or more to open a checking account that I don’t want or need just to avoid more ridiculous fees? The only reason I can think of that they are requiring a “bank account “ is that’s the only way the government can watch us. All monies moved from a bank to PayPal have to go through the federal reserve first.....one more time waster.
Any ideas?
03-25-2021 03:52 PM - edited 03-25-2021 03:52 PM
Don't despair, sometimes the seemingly bad contains the seed of benefit. I was resistant to managed payments at first, mainly because I don't like change. Now that I'm in I see the benefits to my business and am very happy. I would always leave a buffer in my PayPal for returns and shipping anyway. Its just a matter of of adjusting to the change and building up some buffer which is easy to do by simply transferring some money to my ebay checking account. Just like with COVID 19, the sooner we adapt the sooner we enjoy getting back to living.
03-25-2021 04:09 PM
Please elaborate on the benfits of Managed Payments as compared to Paypal. I would love some specific examples.
03-25-2021 04:37 PM - last edited on 03-25-2021 04:49 PM by kh-gary
Only benefits is for eBay, they can manipulate fees and charge you whatever they wish and never refund nor respond to you.
03-28-2021 12:50 PM
Marketing is not their forte. That was my profession for 45 years. eBay is run by accounts now- any experienced marketer can spot it a mile off. For example: their new policy of immediately "deducting money from profits"... sellers, the 'product providers'-- are really getting screwed here now.
Have 20-plus years on eBay and it has become 'feebay' for sure; sellers are 'fleeing the feeing.' They hit us with this so-called 'simpler and more modern' as they call it, gem this month:
"eBay has created a simpler and more modern billing process to pay your eBay fees and expenses. Beginning in late March, eBay will phase out the billing of selling fees and expenses via a monthly invoice. Instead, eBay will collect fees and other expenses, such as those resulting from refunds, claims or disputes directly from your earnings. If your earnings are not sufficient to cover these amounts, we will charge your payment method on file (debit or credit card, and/or linked bank account)."
This included your selling fees like insertion fees, listing upgrades, store subs., etc.
So, for example, if you sold an item for $50 and are awaiting 'processing' for that $50 'payout' and list/relist items that didn't sell with $10 worth of insertion fees, eBay now immediately deducts those listing costs from your pending payout funds they are holding-- so your sale tally for that sold item immediately drops to $40-- rather than eBay invoicing you monthly for you to pay later. They now want their listing fees up front.
There's nothing 'modern' about it and it's a huge change since eBay began operating. As a seller you've essentially lost control of managing your sale and how/when you pay your fees while eBay collects their fees up front rather than through you monthly. It's as if they only want sellers to list items they know will sell instantly.
So , for example, you could list items and if lucky, sell many over a month, but then eBay immediately deducts relisting fees against what you sold for the items that didn't sell that month but might in later months-- and you could end up with a zero payout for a month of effort. It totally screws the seller and is not an incentive to list more-- but less items. A grocery store would go out of business operating like eBay is now-- and is making sellers jump through hoops to provide product for their 'floor, aisle and rack space.' eBay is managed by accountants now, not marketers. It once was a fine forum where buyers, sellers and eBay all made out. Now there's so many goofy fees, it's more complex than a car rental agreement to peruse. eBay once wisely let sellers list books for a nickel to compete w/Amazon. They killed that smart move, too. Have cut back all my listings by 50%-70% now. Sad. It once was a great forum for transactions- -be it kids selling off their baseball card collections or folks unloading a grandparent's aluminum fruit juicer.
But no more.
03-28-2021 03:39 PM
Absolutely true! This MP thing is not cheaper, not easier and we wait for our money longer. Thet add insult to injury with collecting fees on sales tax paid the buyer and taking that fee from sellers. I doubt that is legal, I certainly cannot charge a customer a fee for collecting sales tax from them on a transaction in my state. 21 years on eBay and it is looking like time to branch out to other selling avenues.
03-28-2021 03:45 PM
No. eBay deducts any relisting fees immediately from any pending 'payout' you may have from a sale and have ended their monthly invoicing system. they've essentially taken you, the seller, out of the cashflow loop. It's not a good system and given the plethora of fees it has now it simply drives sellers to other, more seller-friendly-sites. Accountants are not good marketers.
03-28-2021 03:47 PM
ABSOLUTELY I am already on the move....after 23 years ADIOS from Arizona
03-28-2021 03:56 PM
@classynottrashylingerie wrote:I for one, do not use a checking account. It’s too much aggravation and it’s not cheap. More fees for the seller...I want my money in PayPal...that’s my business account. So from what I can figure so far is eBay’s new “payment processor” will only accept “brick and mortar” banks...that’s a crock if you ask me. They asked for a routing and account number, I promptly supplied it and was refused because it’s not on their list of banks. Of course I found out the had way.....so now it means I need to find $5K or more to open a checking account that I don’t want or need just to avoid more ridiculous fees? The only reason I can think of that they are requiring a “bank account “ is that’s the only way the government can watch us. All monies moved from a bank to PayPal have to go through the federal reserve first.....one more time waster.
Any ideas?
If your bank isn't listed, scroll to the bottom and click my bank isn't listed.
Why would need $5k just to open a checking account?
03-28-2021 03:58 PM
@cleviebee wrote:Please elaborate on the benfits of Managed Payments as compared to Paypal. I would love some specific examples.
Buyers have more ways to pay.
03-28-2021 04:08 PM
Yes, starting to look for other forums w/fewer and less layered fee structures and much more seller friendly for the items no longer listing on eBay due to their changes.
The ending of their monthly statement and invoicing system along w/billing sellers by subtracting insertion fees from any 'pending payout' they're holding is clearly not seller friendly either. It's a huge change by eBay. Imagine a grocery store demanding you, as a supplier, pay them immediately for rack space rather than on a monthly cycle. That's what eBay is doing. It's an accountant's mind set, not that of a savvy marketing team. 20-plus years on eBay... and it seems they want to drive sellers away.
03-28-2021 06:58 PM
Are sellers really shipping their item before they get the money to their account? This will be my first experience with managed payments and so far, it seems, it makes the buyer wait longer.
03-28-2021 07:28 PM
We are. Why risk and bad feedback. This is just another example of how eBay has become increasingly tone deaf to the burdens they keep dumping on sellers. It's driving them away to other sites.
03-28-2021 09:56 PM
Had same amount of ways to pay before with paypal