New Payment Processing NOT working well - Unhappy Seller

[thetimetravelersantiquesmall]

I don't care for the new system at all.  The payment from my customer should be available immediately as it was before.  With Paypal payments from customers the funds were available to my Paypal account immediately.   It was so simple  (ie: customer pays and dollars are in Paypal acct immediately - I ship and cost of shipping is taken out customer payment in Paypal acct - balance is available for my access to use from Paypal acct or transfer to my bank account within 24 hours).  Now Payment from my customer is tied up with eBay's way of processing for 4-5 days.  Now I have to pay for shipping and send my package before I even have the funds.  So my money is sitting somewhere out there, most likely earning interest for someone else.  If a change is going to be made, it should be for the good.  This change was NOT in the best interest of eBay sellers.  

[flixstuff]

Cash/debit. And the 'promise' is all on you anyway what w/interest and credit risk. W ecommerce, your accts are verified. The issue is them holding your $ as an individual, not a business. You're not Exxon/Mobil nor an Exxon/Mobil station.  

[buyselljack2016]

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@animan109 wrote:

I fully agree, shows eBay is on the road to being bankrupt soon...

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By increasing their profits by getting a cut of the payment processing is not likely to lead anywhere but up.

There will never be enough disgruntled sellers leaving to have any impact on eBay's bottom line.

A million sellers can leave, only to be replaced by a million new sellers, and there will always be more sellers/products than there are buyers to purchase those items.

[flixstuff]

Cash, debt, charge-- the transaction is immediate-- unless your CC is denied.  It's not apples and oranges. It's individual seller/buyer transaction. There's zero rationale for this 'processing' payout set up-- especially if you're a kid trying to unload your baserball card collection. This system is "good"  for the Walmarts of the world-- much less so for  Opie Taylor trying to sell his Mickey Mantle card.  And that's the point- eBay's success was built on small, individual sellers, not big company sales. 

[flixstuff]

Nonsense- exactly what MP is. 

[flixstuff]

Only if you're a company and not an individual.

[flixstuff]

What is missing from your equation is the buyer-seller base. Without that, there is no eBay. The objective is to  expand that; draw more into that pool, not drive them away to more seller/buyer friendly sites with less complexity and softer fee structures.   More layers of bureaucracy; MP doesn't attract that. A car rental agreement is easier to follow.  If the goal is to establish a site for brick and mortar stores to compete w/each other and their own sites, then they're on the way. But it drives the smaller, individual seller, who built eBay to look for other venues.  It's a battle;  smart marketers vs. the beancounting accountants. 

[laminar28]

Surprised to see people even defending this. I just realized how the new system works, and I have over 600 dollars tied up under "processing" RIGHT NOW with no way of knowing how long my funds will be tied up. Ebay just says to SHIP IT OUT TO HAVE FUNDS PROCESSED FASTER. 

You know what I say to that? Screw this system, I am refunding every buyer and using a different PayPal friendly platform. 

[flixstuff]

"A million sellers can leave, only to be replaced by a million new sellers, and there will always be more sellers/products than there are buyers to purchase those items."

Not w/competing sites. The objective here should be to draw in more sellers/buyers and have the middleman get a bigger piece or the pie. Squeezing out a B & S base and raising fees and layering on more bureaucracy and delaying payouts doesn't seem an attractive business plan for individual sellers but something a  Target or Walmart could live with.  

[buyselljack2016]

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@flixstuff wrote:

What is missing from your equation is the buyer-seller base. Without that, there is no eBay. The objective is to  expand that; draw more into that pool, not drive them away to more seller/buyer friendly sites with less complexity and softer fee structures.   More layers of bureaucracy; MP doesn't attract that. A car rental agreement is easier to follow.  If the goal is to establish a site for brick and mortar stores to compete w/each other and their own sites, then they're on the way. But it drives the smaller, individual seller, who built eBay to look for other venues.  It's a battle;  smart marketers vs. the beancounting accountants. 

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  The buyer seller base will remain.

Those that can not adapt/choose not to adapt , won't adapt.

It's a pretty simple set up with just a delay in the funds being available.

We can complain about it, but it is eBay's sandbox, and we either play by the rules or leave. 

A million posts about how it isn't right/isn't fair will change nothing.

Bottom line for a business is profit. That business profit comes from the sellers.

eBay is here for eBay profits, not for seller profits.

[flixstuff]

The intent for creating eBay was the sellers makes out, the buyer makes out and eBay makes out-- everybody gets a fair cut.  Not Walmart nor Target. But if you keep shearing your core seller base with layers of fees and holding up their payout while at the same time make poor Opie Taylor have to jump through hoops w/a CC and a checking account to sell his lousy Mickey Mantle baseball card-- for a few more pennies on a transaction, you end up driving Opie to an easier, friendlier site to deal with and being pennywise and pound foolish in the long run. After 20 years, it is easy to see when it began to go off the rails.  Sad.

[flixstuff]

Have $$$  'pending' as well; waiting for ' processing' of 'payout'-- sent off items as is;  and the purchase/pay on a Friday- payout on Tuesday -- this 'no weekend work' in an era of electronic transactions is just astonishing. This isn't their forte. 

[buyselljack2016]

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@flixstuff wrote:

"A million sellers can leave, only to be replaced by a million new sellers, and there will always be more sellers/products than there are buyers to purchase those items."

Not w/competing sites. The objective here should be to draw in more sellers/buyers and have the middleman get a bigger piece or the pie. Squeezing out a B & S base and raising fees and layering on more bureaucracy and delaying payouts doesn't seem an attractive business plan for individual sellers but something a  Target or Walmart could live with.  

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As the middleman, it seems like they are meeting their objective of getting a bigger piece of the pie. That is the objective of any business.

Thing with that is eBay really isn't taking my share of the pie.  My eBay/MP fees are very close to what they were with eBay/PP. Minor pricing adjustments all but remove any difference for me. YMMV

No stores, and no TR-Plus discounts.

[itsjustasprain]

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@flixstuff wrote:

You don't have to 'buy' a label from eBay if you write one up, stick it on a parcel and take it to the PO.  This is the problem with them. Nickel and diming-- and now holding payouts up. There's no reason for them to "process"  up to four days nor not post to Paypal accounts-- heck,eBay made everybody sign up for Paypal in the first place. 

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You DO understand that you are paying full retail postage at the PO in exchange for all that hand addressing - right? Buy and print the label on line through Ebay and you pay the discounted on line rate. Plus Ebay automatically marks your item as shipped and uploads your tracking number so you dont have to remember to do that yourself. Not seeing a problem with that. Its especially not nickel and diming when you are paying LESS money that way.

You are welcome to argue if MP is a good thing but the complaint about postage is a red herring and is also not correct. You can use the pending funds immediately upon Ebay telling you that the buyer has paid and its time to ship. And if you do buy the label that way you save money over what you pay over the counter at the post office.

[dryophelia]

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@flixstuff wrote:

eBay had a piece of Paypal's action, though- and accts were verified.  Individual sellers aren't a "Walmart." The cashier at the grocery store doesn't hold your $ for days from the til so the store doesn't get the $ nor do they hold on to your change for four days. 

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eBay is the “walmart” in this scenario. Sellers here, and out there, have to wait for the $$. 
eBay is a big business made up of many small businesses. There are big business rules to sell here. 
No matter the reason any of us sell here, it’s not a garage sale. 

The cashier doesn’t factor in to any of this. It has nothing to do with ‘holding on to your change for four days’ or not. 

[yuzuha]

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@flixstuff wrote:

Unless you get a piece of the action, which they did given their stake in it, and the tradeoff was instant payments to sellers. eBay was at their best when they remained a middle man between sellers and buyers. No more.  

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There is absolutely no reason that someone who wants to sell on one website should be forced into making an account on a completely different site. It's ridiculous.