This new payout format is for the birds.

[mcgoos59]

This new fee and payout format will spell the end of eBay. Nothing about this is seller friendly. Holding auction/listing funds for days on end (obviously so eBay can make even more money on all of OUR money camping out in their account for several days).  A few months ago I was pleased when PayPal offered the instant transfer (1% fee) ability to my bank account. But now we've evolved to this?? I am literally waiting 7-10 days for my funds. Not to mention after cutting PayPal out of the equation we are all paying MORE in the long run. WTH? I give eBay about 12-14 months on this current path. I've already started looking to other avenues.

[downunder-61]

People have been crying out about eBay's demise since the introduction of Paypal years and years ago.

It is not new, they have been transitioning to managed payments since 2018 and will complete at the end of this year.

Rather than start 'another' done to death thread, feel free to browse through the 50 or so that have already been started, answered and posted on.

[dryophelia]

@mcgoos59 

Since buyers that fund their payments with a credit card or PayPal have 180 days to request their money back, what does it matter if the seller has the money in five minutes or five days? 

eBay doesn’t have the money camped in their account. 

Who cares what happens to the money as it goes through the process? Whatever goes on with those funds, it happens with all the funds that are being processed. The grocer that took your debit card for that gallon of milk yesterday, is also waiting for their money. Moneris, for instance, hasn’t paid the grocer yet. He’s not wondering what entity is making money on the process. 

Money makes money for those who have it. The rest of us have no say. It is not our money until they decide it’s our money.

While you’re looking for other venues for selling, know that eBay is one of the last big companies to move to a managed payments format. 
Look for venues that allow cash sales like CL and Ofup. 

[maxine*j]

Help, help!  My hair is on fire!  Oh, wait, maybe the falling sky will put it out!

=

[a_c_green]

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@mcgoos59 wrote:

This new fee and payout format will spell the end of eBay. Nothing about this is seller friendly. Holding auction/listing funds for days on end (obviously so eBay can make even more money on all of OUR money camping out in their account for several days).

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eBay has stated that they do not make money off the float. They are not the payment processor anyway; Adyen is. 

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@mcgoos59 wrote:

A few months ago I was pleased when PayPal offered the instant transfer (1% fee) ability to my bank account.

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Um, that's been available for years. Transfers used to be free as well as instant. Some years ago now, they made a 1-3 day transfer free, but instant transfer cost 1%. I usually use the free transfer option as the money lands in my Chicago bank overnight.

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@mcgoos59 wrote:

But now we've evolved to this?? I am literally waiting 7-10 days for my funds.

---

7-10 days is way beyond the average. How many days elapse between the notification that the funds have been released and when you see the funds in your own account? If you selected weekly payouts, then switch to daily.

All that aside, you don't have to front the money or wait for the buyer's payment to reach your bank before shipping. Just set your Shipping form to draw the postage from the buyer's pending funds. You will find the setting for that at the lower left corner of the Shipping form. 

The funds themselves are not "pending;" it's the transfer to your bank that's pending. eBay already has the buyer's payment, which is why you can use a portion of it to purchase the shipping on-line.

[2013grotz]

Truthfully, all you can do in any venture is act in a way you are comfortable.  Ebay decided to majorly change the rules of how the site operates via Managed Payments in a unilateral way.  The question is whether you can play with it.

Truthfully, Managed Payments opens up a huge number of new risks to the seller.  The question is whether you can deal with them or not.  Personally I decided to try it, and already had the MP system cause me problems once.  But as long as it turns out to be reliable, ebay brings me money *when promised*, and it gives me no more problems with shipping or delays, I've decided to try and cope with it.

Truthfully, there's much bigger problems on the site than MP, but it really doesn't engender much trust or faith in ebay that they've allowed that general rottenness to go on and only multiply it with MP.

Truthfully, it's always your choice on whether you want to keep playing on ebay or find another place.

[sales_sales_sales_sales]

ebay will ONLY somewhat care if sellers stop listing. If sellers dont list buyers cant buy.

Buyers not buying = NO FEES.

Sellers not listing = Buyers go elsewhere.

I also say Only somewhat care because of the big bonus they are getting from arden in a few years for going exclusive with them.

[duffy4444]

   What is this "big bonus" you say that Ebay is getting from "arden" in a few years? Can you cite the reference and back that up as fact from some legitimate news source? -- Even if it were true, that is a business deal between two companies - none of our business unless illegal.

   By the way, I think you mean Adyen, not "arden". If you don't get your names straight, it might call into question the veracity of the rest of your comment.

Cheers, Duffy

[2013grotz]

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@duffy4444 wrote:

   What is this "big bonus" you say that Ebay is getting from "arden" in a few years?

---

https://tamebay.com/2018/06/ebay-in-line-for-5-adyen-share-options.html

Explains a lot about why Ebay is forcing sellers onto MP, for sure.

Het Financieele Dagblad, a dutch newspaper is reporting that eBay could be getting a 5% Adyen share options bonus as part of their deal to roll out eBay Payments to replace their PayPal agreement.

..

eBay will be awarded the share options based on performance and how much of their payments volume they divert to Adyen. As the default payment system on eBay has been PayPal there is little reason why most, if not all, of this payment volume will go through Adyen.

[katzrul15]

@maxine*j 

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@maxine*j wrote:

Help, help!  My hair is on fire!  Oh, wait, maybe the falling sky will put it out!

=

---

[postingid7659]

Nothing the OP complains about is unreasonable.   With modern technology there really is no reason for your funds to not transfer to you as instantly as they leave the buyer.   But they float the money and there must be some advantage in it or they would not do it.  Even PayPal was one business day.  I would believe eBay would lie to us before telling us the full truth.  

But I believe the OP is wrong about eBay's demise, unless it gets corporate raided there will be always people willing to put up with how eBay treats them.  

What is more likely to kill off a lot of business here is the reduction of the reporting threshold for taxes.  Once it gets to be too much work to sell here a lot of people will just go back to doing garage sales and flea markets. 

[vodo68]

I agree completely. This is the reason we quit selling on eBay. Now we just purchase from time to time but hardly ever anymore. There are plenty of other platforms out there with just as much traffic if not more for a fraction of their fees. And no long waiting for your funds. 

[forward-motion]

The end is near!!

Get out now!!

Abandon ship!!

You only have 12 - 14 months left!! 

[loudmanslover]

They're not floating the money to profit off of it. If you ever transferred money from PayPal to your bank, or a savings account on another site to a bank account, vice versa, etc, it's the same deal. *All* money transfers take time.

[chapeau-noir]

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@postingid7659 wrote:

Nothing the OP complains about is unreasonable.   With modern technology there really is no reason for your funds to not transfer to you as instantly as they leave the buyer.   But they float the money and there must be some advantage in it or they would not do it.  Even PayPal was one business day.  I would believe eBay would lie to us before telling us the full truth.  

But I believe the OP is wrong about eBay's demise, unless it gets corporate raided there will be always people willing to put up with how eBay treats them.  

What is more likely to kill off a lot of business here is the reduction of the reporting threshold for taxes.  Once it gets to be too much work to sell here a lot of people will just go back to doing garage sales and flea markets. 

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"Modern technology" has not, apparently, reached the credit/ACH processing system in this country, then.