mam98031 • Volunteer Community Member • Buyer/Seller since 1999
@muskingum_relics wrote:pay pal money was a transfer of funds from one account to the other !!! And it was done instantly if you chose !! But if it was a front as you say at least they trusted their customer much better than ebay trust their customers and at the same time they hold the money dont tell me they are not making money on the interest because I am sure they are !! Always the excuses for poor ebay !!!!!!!!!!!! Fact is ebay is acting like the sellers money is their money !! Ebay is not the one taking time to list the item the sellers are !! Stick up for it all you like same as I will continue to bash it for what it is !!! Money control !!! Sellers business control and probably a few other things as well !
Yes, PP had an option of an instant transfer that had a fee involved in making that choice. This is something MP does not currently offer. The regular transfers out of PP to a bank account that did not have a fee took about the same amount of time as transfers out of MP do. I personally never used instant transfers except when they offered them for free in the early part of this pandemic.
I am NOT making excuses. You keep saying that, I'm just trying to explain to you how things work. You choose not to believe that, no problem. Your choice. That doesn't make what I said any less true it just means you choose not to believe it.
Money control for a couple of days just isn't as dramatic as you want everyone to believe it is.
@mrdutch1001 wrote:"Certainly there are smaller sites that don't have their own money processing programs you may choose, but your sales volume is likely to be quite different."
I am going to intervene here, and say that statement is not necessarily going to be the experience for all sellers; it will vary, just as it varies here on eBay.
I, for one made my decision 2 years ago to not join MP when my time comes as I no longer have any where near the sales volume on eBay that I did in the past...3 yrs ago my eBay sales dropped by about 85% and to this date have never recovered and have become less and less and less....
I now have all my items listed on another small, lesser known site and my 2020 sales there have way surpassed eBay sales and I do no promoting, no advertising for my items- simply put - I don't do social media, promoted listings and all that time consuming self-promotion that most other selling venues require to be found...
eBay does not work for everyone, just as any given selling venue won't work for all sellers. We all have to find what works best for us and what works best for our selling needs...
I will also state that it would be a real rarity for me to claim that anything is the experience of "all sellers". That in and of itself would be completely inaccurate as I can't speak for all sellers nor would I have any way of know how any particular thing would affect all sellers. If you go back to my statement you quoted, what I said was "...but your sales volume is likely to be quite different."
I am very happy to hear that you are having great success in your selling wherever you decided to go. I most certainly can be done as you are proof of that. But that doesn't change anything I said. For many they will not have the success you have had. But everyone has choices to make. You made yours and others need to make theirs. As I've always said making any decision is better when you are informed on the subject.
I too sell on a couple other sites. One does really well for me and the other is pretty slow but enough sells to stay active on it. I have always encouraged diversity in where to sell. Don't just sell on one site. It took some testing over the years to decide what would work best for me, but I've found that now and it works for me. We all have to find that for ourselves. The experiences will be different.
@gabriels_yardsale wrote:Our wares only make up about 17-18% of the merchandise on eBay.
that 18% is what brings people to ebay. People do not come here for new stuff. They go to amazon or walmart or any of the big sites. People come to ebay for the stuff you can't get anywhere else, and once they are the site for the rare stuff they start buying other stuff also. The lower that 18% goes the less buyers there will be on ebay. As buyers stop coming, more and more sellers leave. Vicious cycle.
I beg to differ. I have sold primarily new stuff for 20 years.
@audra13 wrote:Can someone please explain to issue with Managed Payments? Isn't the fee around the same as it would be with Ebay/Paypal? Or this is only a huge issue for power sellers that sell thousands of items a month? I'm not on MP, as it hasn't been offered to me yet, but just curious what all the fuss is about
It is helpful to understand how that breaks down so you know what it is replacing. The Simplified fee format is the same for any category you may sell in.
2.9% Money Processing Fee
10.00% Ebay FVF
-0.55% Reduction in FVF
12.35% Total Fee
So the highlighted amount may change depending on the category you sell in and if you have a store or not, but the other two numbers are the same for all categories.
The Simplified Fee is calculation on the full amount of the US sale to include sales tax. It is however important to keep in mind that sales tax is no more than 10% of your US sale and many times is lower. Having a FVF on sales tax is new for us and I don't know anyone that likes it, I know I don't. But it is here and we have to deal with it if we are going into MP.
So keep in mind that sales tax is no more than 10% of your transaction amount which means that 90% of your FVFs is LOWER by 0.55%. This helps to offset the new FVF on sales tax, often times entirely. Of course there will be exception.
To get a clear view of what the Simplified fee is going to mean for you, you need to look at a lot more than one or two transactions. I personally compared my May sales for the differences between regular Ebay and the MP fees. I came up with I saved 0.71% on my overall FVFs for US sales. That was with 78% of my sales taxable and 22% not taxable.
For June I saved 0.83% on FVFs for US sales. That was with 82% of my sales taxable and 18% non taxable. For July I saved 0.76% on my fees.
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