mam98031 • Volunteer Community Member • Buyer/Seller since 1999
@ox82 wrote:I understand. They gotta work on their messaging lol my notice for this literally says Update your account details by February 28, 2021 to continue creating new listings." Guessing they are giving everyone different dates
I did read the information before doing it, however I am fully aware of the horror stories. Been doing it long enough to experience it even with paypal. What I don't want to see and what has happened to some since these managed payments were added, are excessive delays. The old paypal method was pretty straight forward and even alerted not to ship if it picked up an issue.
The old if it ain't broke, don't fix it comes to mind lol not often the case online lol love/hate relationship as always. I still remember when paypal was a new thing on ebay lol it had its bumps, I remember sometimes having to wait well over 5 days to clear back then , ofcourse these days, people want things with speed, so it presents a possible little bottle neck
Oh boy that is quite a subject to tackle regarding their need to work on their messaging style / word choices. Ebay is very well known for horrible, inaccurate and sometimes offensive emails. I have no idea why it seems to be so difficult for them to get that under control.
Yes they are moving sellers into MP in groups over the next several months. My guess but they are likely somewhere around 2-3 million out of 25 million sellers onboarded. Could be a little more than that or less. I don't really know the actual number. Last I seen that was at about 1.2 million a couple months ago.
Yes, there are concerns posted all over the threads. But there are also success stories that usually get overlooked.
The way to avoid most of the problems is to make sure your registration information is correct. Don't assume and verify a few times before hitting enter. Errors or omissions in this process is what will usually cause the long delays.
- Make sure you birth date is correct on your Ebay set up.
- Your primary address can NOT be a PO box, it needs to be a physical address.
- Your name on your Ebay account must PERFECTLY match your bank account you want to attach without the least little exception. If you have a middle initial on one and not the other, that will be enough to cause you issues. They must be perfectly matched.
- Verify your routing number and account number before entering it. Review it carefully on screen before committing it. If you have the need to correct your routing number or your bank account number, clear the field FIRST. Then re-enter the numbers. Sounds unimportant, but it is something that can make the difference.
- Verify that your SSN, EIN or TIN is correctly entered, no dashes, just numbers.
Back when Ebay mandated PP for all sellers, there was just as much screaming and stomping of feet as there is now for MP. Predictions of Ebay going bankrupt because of it and how so many sellers absolutely hated the idea.
With big changes comes complaints. Inherit in being human is the hatred for change. Ebay moving this direction is overdue as all the other sites large enough to compete with Ebay have had their own money processing programs for years.
I hope everything works out for you and your transition is smooth.
@virginiaparts wrote:All of this is happening to me right now....buyer bought and paid for my item, yet payment is still processing. Do I trust the process and go ahead and ship the item? Someone tell me what to do
When a buyer issues a payment, at that time MP or PP pings the funding source for the payment to make sure that the payment will be approved. The buyer, once they make their payment has no ability to cancel, adjust or otherwise change or stop the payment in MP or PP. Buyer's have never had that ability.
So once the payment is made MP takes 1-2 days to actually get the money moved from the funding source to your MP account. Then it moves to Available for transfer. It will transfer on the next Business day if you are on Daily deposits or on Tuesdays if you are on Weekly deposits.
Once the transfer is released into the ACH banking system, the banks are in control of the transfer, not MP. This process may take 1-4 days for the money to arrive at your bank. Smaller more local banks may take longer than a larger more main stream bank.
@linden_vw wrote:If it ain't broke don't fix it. Well... In this case it was broken, but now it's just more broken.
Fees are out of control. What are we paying 30% in fees for? You're better off going to a pawn shop, at least you'll have cash in hand. eBay just isn't what it used to be. I just made my last sale on eBay. Good luck everyone.
There is NO category on Ebay in which we pay 30% in fees. If you are looking at the pie chart Ebay makes available to us in the Seller hub, you should really look at the details that make up that percentage. Part of that number is SHIPPING costs you do through Ebay labels. That doesn't belong in the numbers if you are trying to figure out what your fees are to Ebay. So you are not looking at the correct numbers.
You likely pay 12.35% on your Ebay fees.
@subtlethinker wrote:"There is NO category on Ebay in which we pay 30% in fees."
I cannot say for sure since it has been so long that I did not run a store, but that actually might be true if you do not run a store. Also, even if you do, consider your store fees as part of that percentage, so what linden_vw might be saying could be accurate.
Just read the policy pages and you can figure this out on your own. It is simply a false statement. You are throwing out assumptions without facts. Or is it you don't want facts to get in the way.
If you want to talk about OVERALL fees and NOT FVFs that is a little different. And unless a seller is only running a few listings and has a store when they shouldn't have a store, then yes, those fees could get that high if you considered store and FVFs together. For seller's functioning like this, they just need to better educate themselves on the Ebay rules so they can better function and pay less fees. Sellers are responsible to know this stuff.
What is happening which I've stated before is that some go are going to the Seller Hub, Performance Tab then to the Seller Level and then to the Summary page and seeing this:
So without actually READING the screen some take away that their Fees on Ebay are 35%. But for those that actually READ the screen, they will see that the VAST MAJORITY of that is Shipping costs. Which of course have NOTHING to do with calculating Ebay fees.
So if you want to discuss stuff like this, try to do your homework so you understand what you are speaking to before you go attacking those that do understand and know how it works.
@subtlethinker wrote:No- wait for the payment, even if you have to ship late. Don't listen to some of these "ebay cheerleaders". Your shipping payment will come out of your bank account in 24 hours, unlike eBay "Molasses Payments", which now takes 3-4 days. I did that, to appease my buyer and ebay, and over drafted my account costing a -$37 sale. My advice is to go to Bonanza to sell. I done with eBay following the end of the month. If I wanted to wait for my paycheck, I would get a 9 to 5.
It is pretty common place on the threads that when someone presents different information than what someone else would like to spread, they call them "cheerleaders". But in reality facts are facts. I know some don't like them to get in the way of what they believe is happening or what they want others to believe is happening. That is really reckless as this subject goes to the heart of some peoples financial situations.
When you ship has NOTHING to do with when a payment clears in MP and moves to Available funds. Not a darn thing.
When a buyer issues a payment, at that time MP or PP pings the funding source for the payment to make sure that the payment will be approved. The buyer, once they make their payment has no ability to cancel, adjust or otherwise change or stop the payment in MP or PP. Buyers have never had that ability.
So once the payment is made MP takes 1-2 days to actually get the money moved from the funding source to your MP account. Then it moves to Available for transfer. It will transfer on the next Business day if you are on Daily deposits or on Tuesdays if you are on Weekly deposits.
Once the transfer is released into the ACH banking system, the banks are in control of the transfer, not MP. This process may take 1-4 days for the money to arrive at your bank. Smaller more local banks may take longer than a larger more main stream bank.
For sellers that want to wait until their money is in their bank account before they ship, that is fine. That is the right of each seller to make this decision for themselves. The thing they need to be aware of is that it is in the seller's best interest to change their handling time to reflect the time needed before they ship. For sellers that do not do that and have a shorter handling time stated in their listings, they will get late shipment defects which WILL damage the health of their selling account. Get too many and you will suffer the additional 5% penalty fees.
So cheerleader or not, call me whatever you'd like. Facts are facts. If you want to advise someone, make sure you KNOW the rules so you don't DAMAGE someone because of some point you'd like to make.
Good luck on Bonanza.
![Video [Russian Language]: Answers to common Payoneer registration issues](/t5/image/serverpage/image-id/750612i41F587DBC26EF24C/image-size/large?v=v2&px=999)
