Regards,
mam98031 • Volunteer Community Member • Buyer/Seller since 1999
MP may work fine for some sellers. The part I take issue with is for the sellers that it doesn't and how poorly eBay is doing to officially address these ongoing concerns. There are the problems/short-comings that were brought up over 2 years ago that still haven't been addressed. Also when MP was announced it was described as "simpler and there would be savings". I believe it was actually some savings but not going to split hairs. I have seen very few posts suggesting that has been the case. Sounds like maybe in a very few categories only. There are many people that rely on their eBay income to pay their bills. They need something that is 100 % reliable. Not to mention the banned items that could have been their bread and butter.
-Lotz
PS. I would like another espresso but unfortunately sales have been terrible as of late so they're not in the budget. 🚫
@jujus5gkids Its very simple ... if Buyers could send their money to a Seller's PayPal account for "umpteen" years there is NO reason eBay, through Managed Payments, couldn't do the same. They simply won't, period.
Managed Payments improved eBay's cash flow on FVFs by as much as 45 days because they take their Fees at the time of purchase and no longer have to wait out a 30 day billing cycle and then 15 days before a Seller pays their monthly invoice. One thing eBay never mentioned is that MP also benefits them by avoiding Sellers who gut their PayPal accounts before the monthly invoice is due and wind up stiffing eBay for their fees.
Sellers on the other hand are now the ones who have to wait for their money in a more complicated cash flow scheme with built in delays from each party ... Buyer's funding source delay to pay eBay-Adyen ... eBay-Adyen's delay in paying the Seller ... the Seller's bank delay to actually make the funds available in the bank account.
It is obviously not a Seller friendly system nor was it meant to be. Since everything is negotiable, eBay could have negotiated with PayPal to remain in place past their 2021 contract expiration ... but they didn't they wanted control of Sellers' money.
One of the points eBay made early on is that MP would open up new markets around the world ... well, at the time, PayPal was in more countries than eBay (I think eBay was in around 180 and PayPal just over 200 if memory serves.) Well, perhaps some of those other markets around the world really aren't worth opening up right now ...
In any event, it is the hand we have been dealt to remain as Sellers on the venue ...
For comparison sake with PayPal transactions are individually logged(They are line items with a breakdown). With MP released funds move in batches with no details from my understanding.
There are detailed reports for each payout in MP. You can view them or download them.
I'm in Canada. My current bank is with limited transactions. Anything over 10 transactions are 1.25 each.
Then if that is the type of account you have to have without other options, then a weekly payout is likely to work best for you. We have account options like that here in the US, but there are other options too. You may want to ask to see if there are any other types of checking accounts that will work better for you.
I use PayPal for any/all eBay purchases, Postage, and eBay fees. I will open a separate account when required. I shouldn't need to do this.
You don't have to if you don't want to. Ebay doesn't force you to do that. I simply said I recommend to others to have a separate account for selling verse mixing it up with your personal account. But you can do whatever is best for you, MP won't stop you as long as it is a valid checking account.
Also if there was a miscellaneous charge back down the road you would be at the risk of going into overdraft.
You do get a heads up about this. It isn't just charged to you out of the blue and then pulled from your bank account. On a chargeback you have to actually lose the case for the $20 chargeback fee to be charged to you. And it will first pull from your MP account.
That can be an additional fee attached to your account as a monthly charge(9.00 as I recall). I personally can't remember the last time I ever went into overdraft.
That is inexpensive. Overdraft fees here in the US, depending on the bank, can range between $20 and $35 or so. But for MP it is unlikely this is going to happen if you regularly are looking at your MP account, shipping and other things related to selling here. But if you took time off without watching emails and the such, it could sneak up on you.
I removed overdraft on my account for that reason.
How do you "remove overdraft" on an account? That is a thing in Canada?? Certainly not in the US. We can do overdraft protection, but we can't stop a bank from posting an item that will overdraft an account.
PayPal was convenient in many ways. I can't see MP being convenient in any ways. It's totally baffling for the Canadian sellers that still list on dot com they still haven't figured out a way to move funds to a US bank account so sellers wouldn't be losing on the exchange rate.
I have no experience with that, so I wouldn't be of any help on that one.
@lacemaker3 wrote:
@jujus5gkids wrote:
At one point, there was a page in the PayPal Self Help Center that explained a workaround that would allow you to do this.
This page is no longer available on the PayPal site, so it may not be valid anymore if it ever was. I never saw any posts on eBay that confirmed that this worked, or even reported that anyone had tried it. But here's what it used to say.
How can I transfer money from eBay managed payments to PayPal?
If you’ve moved to eBay managed payments, the money from your sales is automatically transferred to your bank account. You can easily change this to automatically transfer the money from your eBay sales to your PayPal account, so it’s available to spend and send with ease.What do I need to do?
In your eBay seller account, you’ll need to replace your bank account details with the details for your direct deposit to PayPal. In the eBay Seller Hub, go to "Payments" and enter the routing and account numbers there.Where do I find my direct deposit details?
Your direct deposit details can be found in your PayPal account Settings page.How long will it take to see my money in PayPal?
Typically, the money will appear in your balance within 48 hours of a payout from eBay managed payments.Is there a charge to use direct deposit to PayPal?
No, there aren’t any fees to use direct deposit to PayPal to move money from eBay managed payments.I’ve not yet moved to eBay managed payments.
You won’t need to set up a direct deposit to PayPal yet. When you switch to eBay managed payments, remember to add these direct deposit details for payouts from eBay.Can I set up a direct deposit to PayPal from another marketplace?
If you’re receiving payouts to your bank account from another marketplace, you can set up a direct deposit to PayPal.
It was never valid which is why it was removed by PP.
@dede394 wrote:
@chapeau-noir wrote:I can accept more payment methods with eBay Payments with Adyen.
What are the additional payment methods we can accept with Adyen?
Google Pay and Apple Pay.
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