Managed paymets? Why?

[natrigon]

I've only been on ebay for 22+ years.  Why oh, why would I want to be forced to have ebay manage my payments?  For years I resisted paypal, then about 10 years ago ebay forced anything listed in the categories I sell "must" accept paypal, no bank wire.  I was off ebay for a long time, then slowly found my way back.  Now, out of left field they are forcing "manged payments" and no longer allowing us sellers to hold money in our own paypal account.  Oh, ebay just happened to raise it's fees.  But don;t worry, it's easier (but it costs seller freedom of choice and extra fees).

So now, on the 29th of December, without any previous warning they will deposit money into my bank account.  I guess this is what happens when a team of well paid young people make choices that affect millions of seller accounts... make it easy, charge them more, increase ebay's bottom line by another small margin.

[12345jamesstamps]

This happened way back in the early summer. Nothing new.

[kensgiftshop]

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@natrigon wrote:

So now, on the 29th of December, without any previous warning they will deposit money into my bank account.

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I think we were told almost 4 years ago about the change and they've been switching sellers over for more then 3 years.

There have been plenty of warnings, but a lot of sellers don't read them.

[kensgiftshop]

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@natrigon wrote:

That way when I sell something for thousands of dollars or more, the savings are considerable.

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You might be in for a bigger surprise when you try to list something for that much.

They'll consider you a new seller and you'll have to restart from the bottom.

[kensgiftshop]

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@natrigon wrote:

So it may not matter to you how a company you have supported for 22 years, yet again, forces a change to items you want to sell for $12,500 or more. 

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What are you going to do when you do sell an item for that much and they hold your funds for 30 days?

There has been a lot of changes lately.

[mam98031]

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@evry1nositswindy wrote:

The payments are not managed by eBay, but by Adyen.  I have been using this for over a year and have had no issues whatsoever.  I get may payouts weekly (by my request) and I don't have to pay anymore invoices.  Everything comes out of my payout and I have had no errors. 

They did  not raise any fees.  PayPal took 2.9% plus 30 cents and eBay took (on average) 10%.  It is now combined and on average is 12.9% plus 30 cents.  No separate fees from PayPal and eBay, as it is all wrapped together and quite convenient.

Try it before you knock it.    

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It is the other way around.  Adyen processes the money, but Ebay manages everything to do with MP.  

They did NOT raise fees.

The fees in MP have NOT increased overall fees. The following numbers represent those that do not have a store and the fee rate for most common categories [not all].

Fees BEFORE going into MP
10.20% FVF + 2.9% PP fees = 13.10% plus 30 cent per transaction fee.

In MP the fees are:
10.20% FVF + 2.35% money processing fee paid to MP = 12.55% plus a 30 cent per transaction fee.

Starting August 2nd, PayPal is raising their fees, so they will be as follows:
10.20 Ebay FVF + 3.49 PP Fee = 13.69% plus .49 cent Per Transaction fee

PP is apparently offering different fees to different sellers, likely depending on size. From what I've seen it is between 2.59% and 3.49%.

[mam98031]

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@natrigon wrote:

Hey thanks for the comment.  I used to sell high ticket items on ebay but I am mostly retired now.  With a store subscription the seller fee drops considerably, so I maintain the store for the few bucks a month.  That way when I sell something for thousands of dollars or more, the savings are considerable.

My problem is first they forced me to accept paypal, now they are forcing me not to accept paypal.  But you are right, I have not been selling on ebay much lately... and now that will continue for me.

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Buyers can still use PayPal.  It is sellers that can't use them as their money processor anymore.  

Things change often for internet sellers.  Change is just a fact of life for us.    It would really help you if you better understood how MP works.

The following links are very informative and easy to read. Lots of great information in these articles that contain information you should be aware of. After you read them you will likely have questions. Come on back and ask whatever you need to.

https://community.ebay.com/t5/Payments-Resources/How-does-the-updated-eBay-payments-experience-work-...

https://community.ebay.com/t5/Payments-Resources/Have-questions-about-payments-Check-out-this-post-f...

https://community.ebay.com/t5/Payments-Resources/Infographic-How-payouts-work-when-eBay-manages-paym...

https://community.ebay.com/t5/Payment-Resources/Changes-to-the-eBay-invoicing-process/ba-p/32004201

https://community.ebay.com/t5/Payment-Resources/Know-your-options-to-pay-eBay-fees-and-selling-costs...

[mam98031]

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@12345jamesstamps wrote:

This happened way back in the early summer. Nothing new.

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The big migration into MP started July of 2020.  Ebay consistently moved sellers into MP in large groups every month.  Now nearly every seller worldwide is in MP  now.

[mam98031]

"So now, on the 29th of December, without any previous warning they will deposit money into my bank account. "

Well if they gave you no advanced notice, then no you won't get a deposit.  You have to get registered and verified before that can happen.  So it is unlikely you are going to get your Payouts until you have completed the registration process.  And they notify you that you have been successfully verified.

[chapeau-noir]

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@natrigon wrote:

Yeah, like I replied to another "helpful" commenter, the difference here is when selling something for $50 with a high profit margin versus selling something for $10,000 or more, with a low profit margin.  Your "keep up or fail" option is so baseless and you don't have a clue as to my business acumen or holdings outside of my now minor presence on ebay.  Just because you choose to yield to ebay's "managed payment" system does not mean it does not negatively affect other's business model.  It is bad for me... why is that so hard to understand without hurling insults?  Lastly, I don't place ebay's shareholders on a pedestal, I care more about the health of my business.

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"Hurling insults" is a little dramatic, I think.  🙄 Your 'business acumen' and 'holdings' are irrelevant - I addressed the one question - what are you going to do HERE?  You can adapt or fail - same choice I got.  What you do is up to you, but this has been rolling out for almost three years now and discussed to death.  I'm not sure where the shareholders come in - I had nothing to say about them, but digging your heels in and squeezing your eyes shut to change won't do you any good around here.  eTailing moves fast.

Though it seems an age since they moved to Paypal only - good grief, wasn't that like 15 years ago?

[dryophelia]

imagine after a years of this style of getting your money, they forced you to use a completely different method, then some years later they forced you to change yet again.  

Everyone who has been with eBay for as long as @natrigon  doesn’t have to imagine it, they have seen the very same changes.

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[chapeau-noir]

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@dryophelia wrote:

imagine after a years of this style of getting your money, they forced you to use a completely different method, then some years later they forced you to change yet again.  

Everyone who has been with eBay for as long as @natrigon  doesn’t have to imagine it, they have seen the very same changes.

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These particular payment changes, though, have been years and years apart.  How slow does change need to be for people to actually accept it? Glacial?

[downunder-61]

@natrigon 

The thing you seem to be forgetting, well two things really:

1.  No more 2.9% charge for Paypal - reg category 10% + 2.9% = 12.9% in anyones calculations - MP 12.55% total

2. We ALL had to get used to the changes, you are not the lone ranger - plenty of 5+ year sellers here used to have PayPal

[redmodelt]

" so I maintain the store for the few bucks a month.  That way when I sell something for thousands of dollars or more, the savings are considerable." 

Problem with that line of thinking is; well known for eBay to put limits on selling for returning sellers that have not sold for a while. You may not even be able to list something in the thousands of dollars no matter what your sales history shows, because that history well over 90 days,  putting you back to square one. Buying does not count.  Also, do the math, if you paid store subscription for X amount of time, would the percentage savings work out in your favor when you did go to sell that item? 

[natrigon]

That may be the case for the reg category, but it is not that way for the categories I sell in.  The fees are now higher.

[natrigon]

Thanks, I did the math before posting this thread.  Not only did processing the funds change but the gross fee for the categories I sell in went up (again) as well.  And according to ebay my total number of items allowed to sell and total listing price is unchanged.