Managed payment .....

[311mainstreetantiques]

Managed payment means Ebay manages the payment out of your pocket to theirs! After years of buying and selling I am leaving.  The first 2 items I sold after they changed me to "Managed payment", I calculated what they deduct. Adding it all up, it is almost 30%!!!

A called them and they blamed it on the daily exchange! Incredible what they deduct.... All profit you would make, going into their pocket! I am done, I took  154 listings of mine off today, continue tomorrow... Not mentioning, that they gave total control to the Government to your bank account.

[dirk12955]

Government?       What Government?

[stainlessenginecovers · Accepted solution]

The fees should basically be the same as they were before. What were you paying, percentage wise, before?

Ebay 10%

PP 2.9%

Total 12.9%

Now Ebay 12.55%

PP- 0%

Total 12.55%

[katzrul15]

Realize you are in Canada....are you saying you have no control over the conversion of payouts?

[311mainstreetantiques]

Canadian Gov.

[311mainstreetantiques]

The fees are very high and the exchange rate they charge people sucks. They decuct as much as almost 30% after each sold item, so I

took all my listings off and done with Ebay after 20 years of feeding them...

[311mainstreetantiques]

No control at all. Ebay controlls the exchange right into their own pocket!