Managed payments is confusing

[store-of-sweden]

Im confused. I was just moved over to managed payments. I am located in Sweden. I thought I should save a few cents with managed payments but it’s the other way around. The list of fees goes on and on.

1. Final value fee

2. International fee

3. Final value fee per order fixed

4. Conversion rate fee

For me the fees as almost doubled.

19.39% plus vat Is my new total fees. Makes it more or less impossible to sell here anymore. Can raise the prices with 19 percent but that would make the items way to expensive. 

[dugoldstuff]

Im confused. I was just moved over to managed payments. I am located in Sweden. I thought I should save a few cents with managed payments but it’s the other way around. The list of fees goes on and on.

1. Final value fee

2. International fee

3. Final value fee per order fixed

4. Conversion rate fee

For me the fees as almost doubled.

19.39% plus vat Is my new total fees. Makes it more or less impossible to sell here anymore. Can raise the prices with 19 percent but that would make the items way to expensive.

"Tack" for the post.

I am appalled.

What gets me is all these "FEES" in a digital age when things happen at the press of a button! The leviers of such fees somehow want to pretend we are back in the paper and pencil days and it takes so much time and effort to make payment for transfer of goods to happen.

[ulfesharpe]

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3. Final value fee per order fixed

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reading through ebay invoices is absolutely infuriating — what on earth does a "final value fee per order fixed" correspond to??

@store-of-sweden 

[donsdetour]

Is that the .30 on all sells?? (not sure the rates for your country...)

[dugoldstuff]

I am reminded of a scene in Seinfeld where Elaine's boyfriend Puddy gets a job at a care dealership. He is calculating the fees on a sale with a desk calculator and just keeps noting charges and punching them in. Asked about one of them, he says in his monotone, "We don't know what it is."

[ulfesharpe]

thx. No idea, they haven't activated my mp yet... but I'm taking the precaution of hating it preëmptively 🙂

[disneyshopper]

I was just moved over to managed payments. I am located in Sweden.

You may be located in Sweden, but your account is registered on ebay.com, the USA site.  I believe ebay has plans to migrate all sellers registered on ebay.com by the end of 2021.  I know Managed Payments is being transitioned to sellers registered on ebay.co.uk and perhaps 2 other countries.

[store-of-sweden]

I know. I mention Sweden just to clarify the conversion rate fee that we none us sellers have on all sales now. That fee is also higher than PayPals conversion fee.

Anyhow, I hope I can opt out of this madness or else it’s bye bye eBay.

[ulfesharpe]

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@donsdetour wrote:

Is that the .30 on all sells?? (not sure the rates for your country...)

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Yeah, very likely that. You have a final value fee for selling something and also a fee for really really selling it.

thanks amigo
@donsdetour 

[downunder-61]

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@disneyshopper wrote:

I was just moved over to managed payments. I am located in Sweden.

You may be located in Sweden, but your account is registered on ebay.com, the USA site.  I believe ebay has plans to migrate all sellers registered on ebay.com by the end of 2021.  I know Managed Payments is being transitioned to sellers registered on ebay.co.uk and perhaps 2 other countries.

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MP is being rolled out world wide.

So far being transitioned are Japan, China, Australia, NZ, UK, US, Switzerland, Sweden, Canada, France, Germany and I believe Taiwan has just started.

Countries that Adyen do not operate in will be transitioning using Payoneer.

[ulfesharpe]

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That [conversion rate] fee is also higher than PayPals conversion fee.

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And that's just the fee... There's also the exchange rate from USD which I'm guessing will be higher than usual too

@store-of-sweden 

[dugoldstuff]

Unfortunately, posters (i.e., eBay cheerleaders) on other threads insist upon paid of death (OK, a slight exaggeration) that the MP fees are not higher than the old eBay FVF and PayPal fees.

However, I am reading all over the place in posts like yours, that it just ain't so.  

tend to believe the folks taking the time to come and post their individual situation instead of the cheerleaders with their rubberstamping of praise and worship no matter what the facts presented are.

As they say in Norway, "Ha det bra."

[dugoldstuff]

You have a final value fee for selling something and also a fee for really really selling it.

Love it!

   Maybe soon they'll roll out a fee for almost selling something, LOL.  Maybe if someone emails a seller to demand a better price and the seller say no, eBay will take a fee because it COULDA been sold!

[dugoldstuff]

And then when the G7 puts that desired global 15% tax on worldwide corporations, eBay will be well positioned to figure out how to pass THAT along to everyone ensnared in its worldwide MP.

[go-bad-chicken]

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@store-of-sweden wrote:

Im confused. I was just moved over to managed payments. I am located in Sweden. I thought I should save a few cents with managed payments but it’s the other way around. The list of fees goes on and on.

1. Final value fee

2. International fee

3. Final value fee per order fixed

4. Conversion rate fee

For me the fees as almost doubled.

19.39% plus vat Is my new total fees. Makes it more or less impossible to sell here anymore. Can raise the prices with 19 percent but that would make the items way to expensive. 

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@store-of-sweden 

You are correct. Under eBay's Managed Payments, fees for sellers have increased significantly, especially for sellers like yourself who sell on eBay.com. 

The only way to avoid the 3% currency conversion fee is to set up and establish a bank account located in the USA. If you can accomplish this then you would be able to accept USD for transactions occurring on eBay.com and hold those USD in you U.S. based bank account, without them being automatically converted back into your native currency.

It's a lot of hoops to jump through so for each seller it will depend on whether or not the volume of business that they do on the .com site is worth the extra work and cost of establishing a U.S. based bank account, so that they can avoid the 3% currency conversion fees assessed by eBay's Managed Payments program.