eBay not using PayPal anymore?

[j02237589]

I got a message from eBay saying to update my account details.

"It’s now simpler to get paid on eBay

Getting paid has changed: Fees and expenses will be deducted before you get paid out and the remainder of your earnings will go directly to your bank account, not your PayPal account. Get set up in a few easy steps."

I primarily just tend to leave all the money I receive in my PayPal, so I wanted to ask for clarification: does this mean sellers can no longer use PayPal as a means of payment? We have to store the money in a bank account now?

I also saw something saying eBay raised their fees. Is that also true? 

Thanks for clarifying.

[nmiiji]

Maybe  these Internet companies are trying to get people to load up with more debt for some reason. (Speculative)  It's basically free money for them. 

With something like a fifth of all jobs expected to vanish within the next decade or so, we're going to be in deep trouble as a society if we're expecting to survive only on work for or through Internet companies, because they don't employ a very great many people at all. I'm not suggesting we deliberately do jobs inefficiently, just that a global dialogue should be going on now thats not.

When companies role is one that a great many depend on, then they have a higher responsibility

[mam98031]

---

@kalanga6 wrote:

Oh... this is all about the IRS.  The IRS wants info on all your sales to makes sure you are not cheating on your taxes.  Ebay will helpfully mail a 1099 to the IRS about all of your sales income.  How thoughtful.  What a great service.

---

@kalanga6 

How did this suddenly become about Ebay.  PayPal had to issue 1099Ks too.  This isn't something new.  Both Ebay and PP have to comply to the various laws of the country and states.  BTW, it is 8 states right now that have requirements for 1099Ks.  

[mam98031]

---

@nmiiji wrote:

Maybe  these Internet companies are trying to get people to load up with more debt for some reason. (Speculative)  It's basically free money for them. 

With something like a fifth of all jobs expected to vanish within the next decade or so, we're going to be in deep trouble as a society if we're expecting to survive only on work for or through Internet companies, because they don't employ a very great many people at all. I'm not suggesting we deliberately do jobs inefficiently, just that a global dialogue should be going on now thats not.

When companies role is one that a great many depend on, then they have a higher responsibility

---

@nmiiji 

How is it "free money"?  I don't understand.

[nmiiji]

well, right now if I want to buy it seems that would be my only option as far as I can tell. 

Pay withSelect a payment method
Select a payment method (one cannot select Paypal, however even though earlier on in the buying process it says you are.  Here are the three "choices" I see. 

1 Add a (new) credit or debit card

2 This payment method (Paypal) is currently not available. Please select a different payment method.

3 No Interest if paid in full in 6 months. Apply now. See terms (So, apply for credit which I am averse to doing.)

[nmiiji]

I've tried to, several different ways.

[nmiiji]

If it wasn't forbidden by FTAs,(in this case GATS or most likely TISA) Id say this would be a good place for some kind of public entity. But thanks to the powers that be governments are not allowed to provide new financial services if there is any chance those services might substitute for some corporate product. (thats how the WTO defines "likeness" in its competition law)

[mam98031]

---

@nmiiji wrote:

If it wasn't forbidden by FTAs,(in this case GATS or most likely TISA) Id say this would be a good place for some kind of public entity. But thanks to the powers that be governments are not allowed to provide new financial services if there is any chance those services might substitute for some corporate product. (thats how the WTO defines "likeness" in its competition law)

---

What is "forbidden"?

@nmiiji 

[kalanga6]

well there is always craigslist and monero...

[releasethekraken_1]

---

@kalanga6 wrote:

Oh... this is all about the IRS.  The IRS wants info on all your sales to makes sure you are not cheating on your taxes.  Ebay will helpfully mail a 1099 to the IRS about all of your sales income.  How thoughtful.  What a great service.

---

Why is it so hard for some people to understand that eBay doesn't have a choice here? It's the law; they're obeying the law; they get fined if they don't obey the law. I'm sure they'd prefer not to deal with all of the extra administrative expense, but ... wait for it ... it's the law.

[mam98031]

---

@releasethekraken_1 wrote:

---

@kalanga6 wrote:

Oh... this is all about the IRS.  The IRS wants info on all your sales to makes sure you are not cheating on your taxes.  Ebay will helpfully mail a 1099 to the IRS about all of your sales income.  How thoughtful.  What a great service.

---

Why is it so hard for some people to understand that eBay doesn't have a choice here? It's the law; they're obeying the law; they get fined if they don't obey the law. I'm sure they'd prefer not to deal with all of the extra administrative expense, but ... wait for it ... it's the law.

---

Because they are upset by this change.  It is such a big change and people in general don't deal well with change.  Some can't get past their anger to listen to reason or even learn more about the program to see if there is some way they actually could adapt.  It is kind of like the grieving process.  They first have to get past the anger of it all before they can start to learn the particulars or listen to reason.

With that said, as we all know, this change isn't for everyone.  Some will not do it and some have very good reasons for not doing it.  Others won't do it because they are running on assumptions and gossip and not the real facts of the situation.

Sellers have good reason for being upset.  This change is forcing us to give up a program [PP] that is a full wallet type program for a money processing program that is extremely basic and very few bells or whistles.  While I can adapt to this change just fine, I absolutely prefer PP.  Hands down far more versatile and lots more options.

I think that providing the information to MP that is needed is a secondary concern for most.  Important, but not the main reason they refuse to go into the program, just the reason they are stating.  The two aren't necessarily the same.

This is such a mixture of reasons.  Some will be upset because they can't have a checking account even if they want one.  Others don't want money going directly into their bank accounts because they are getting state and federal assistance, so they don't want the money from Ebay sales getting exposed.  Others it might be concerns over IRS gaining information regarding their sales.  And the list will go on an on.  Lots of reasons this is of great concern for some.  What they publicly state as their reason for not wanting to go into MP may not really be their main reason for not making the move.

[max-list]

I think mam98031 was just trying to be helpful. They were talking about how it is right now, not 2 years from now. Thanks for saying that about Paypal in 2023. I didn't know that.

[mam98031]

---

@max-list wrote:

I think mam98031 was just trying to be helpful. They were talking about how it is right now, not 2 years from now. Thanks for saying that about Paypal in 2023. I didn't know that.

---

@max-list 

Some posters just hate it when the facts get in the way of a good rant.  LOL  They were just a little upset with me.  It happens.  I just try to give sellers the actual facts on how stuff in MP works.  I've always felt we are all better off making an informed decision rather than one based on gossip and assumptions.  It is for each of us to decide whether to go into MP or not.  I just think it is best to be armed with the correct information so as to make the best decision possible for ourselves.

The 2023 thing is in reference to a contract Ebay and PP entered into in 2018 that ensures that PP will provide services for both buyers and sellers through 2023.  It is a normal contract, nothing unusual to see here.  Likely it will get renewed as the end date grows closer, which is pretty normal stuff too.  But by then it should only be for buyers as sellers should all be in MP by that time.

[nmiiji]

Another thing that people don't understand is that governments have to help businesss be profitable. Theycannot prefer the people, who assume all sorts of things out of habit and don't have anything in writing.

Governments also have top treat all corporations equally. If a trade agreement has been signed on it, often a "standstill clause" applies freezing the essential facts of the deal for corporations at a specific date. In the case of the US and financial services, that date is the date the Understanding on Commitments in Financial Services became effective in 1998. Feb 26. Since then, officially, due to the WTO there has been, officially a freeeze on new financial services regulations. This even applied in 2008.  It also means that except for cases of serious emergencies, any changes made have to be temporary, and a ceiliing exists on new regulation. This applies to health insurance, because its a financial service. Whatever the state of regulation that existed in 1998 persists indefinitely. its basically carved in stone. And in the US the situation in 1998 was terrible for health insurance purchasers. This was written about by the late Nicholas Skala in his 2009 open access article in the IJHS which is very worthwhile reading. It can be found on CiteSeer X

[nmiiji]

As I am unable to buy using Paypal, does this mean if I bid on and win an item in an auction, when the ad said I could pay with Pay Pal, and I try to , that they won't take it?

[loveyourimagination49]

Buyers can still use PayPal.