mam98031 • Volunteer Community Member • Buyer/Seller since 1999
I've read their page about it, and of course it is clear as mud. How does it actually work?
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been in MP for over a year. Works great, for me. Some have issues.
Buyer pays. As they have verified the payment, eBay says OK to ship. I ship within my handling time. FVF is deducted at time of sale. I can pay for shipping labels with PP, or from processing/pending funds. My monthly invoice is now "zero". I have no store fees. No upgrade fees.
They (their funds processor Adyen( replaced PayPal) process the payment, and once a week (Tuesdays, I switched from daily to weekly) eBay sends my payment for any funds that have cleared.
In MP they do not "front" the money the way PP did. That does not work well for those living on their money from selling. In the "real world" payments are not received instantly.
Example: my CC purchases. I have been home for 2 days. I ate some of the food from Wally on the way home (pumpkin spice donut, yum). Wally has not been paid yet.
A checking account is required for MP. Deposits go there. You can choose where you want invoice payments to come from. Returns funds will freeze in your MP account when there is a return opened just as it did for many in PP. I opened an additional checking account at my credit union to keep funds separated.
@99centhousefund wrote:I dont get sellers that dont comprehend while ebay is a busniness without US SELLERS & OUR ITEMS ebay has NO business! They are not Amazon. They have not invested Billions in Warehouses & inventory. Sellers pay the bills here, not buyers. To me ebay is a landlord nothing more. We rent a space. There are rules. However ebay goes too far. Imagine if a landlord ordered you to provide your checking account info so they could deduct your rent. If a landlord demanded you turn over your utilities accounts to them & they would control the payments through your checking account. If they tried to tell you what furniture you can have in your apt. Well that is how ebay acts. That is why there are many fed up sellers. It should be more like a flea market, rent a space & sell. Yes there should be SOME buyer protections. Not the buyer is always right. Ebay thinks its sellers are all corporations & has forgotten its roots. There are still many small time mom & pops here selling a virtual garage sale & not "Running a company". Maybe ebay wants us gone. If so say it & ban us & just have Professional corps selling.
You need to compare apples to apples, not apples to oranges. A landlord does not have to follow the rules and laws for being a money processor and a money processor does not have to follow the rules and laws for a landlord. Two vastly different things.
MP is not about renting space on Ebay, that is a completely separate function by Ebay. MP is a money processor, there is a vast difference even if you aren't seeing the differences.
Once you learn the differences, maybe it will make more sense to you.
@muskingum_relics wrote:because PP is still here yet ebay wont apply it as it could be and also with the checks or money orders at least you knew where you stood. It is pretty simple really ! Mp by the admittance of many using it is full of glitches and no guaranteed time for payouts ! Now how can you say that is good or reasonable ?? We all have our likes and dislikes and it is my option to not like MP because I think it is a bunch of unnecessary **bleep** ! Pretty cut and dry for me !!
That is an assumption. Ebay's contract with PP ended in July. PP wanted out from under the contract too because it freed them to do things they could not do before.
How many buyers do you think would actually still be using paper checks or going out and purchasing money orders in the middle of a pandemic? Buyer's have changed over the years and require their purchases much quicker than they ever have before. Mailing payments to a seller, seller depositing, waiting for it to clear and then shipping the item is about a 2 week or more process. While some buyers would likely still be willing to do this, most wouldn't. Which is also a reason why auctions aren't as popular as they once were.
Sellers need to move along with the times too. Paper checks and MO's are not coming back. Too much forgery anyway. MO's and cashier checks are easily forged.
" Mp by the admittance of many using it is full of glitches and no guaranteed time for payouts ! " This is absolutely NOT true and so overstated. MP is NOT full of glitches. They have had some problems with some seller's accounts which have delayed their receiving their payouts. That is a problem, a serious and important one. But other than that, MP works as designed for most. It is just many of us don't like how it is designed. That doesn't make it a glitch it makes it some improvements that many of us desperately would like MP to improve upon.
A like or a dislike does not = glitch.
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