mam98031 • Volunteer Community Member • Buyer/Seller since 1999
@direwolf wrote:
@azh-71 wrote:
@direwolf wrote:
@azh-71 wrote:To be fair, eBay has been peppering you with messages about the transition to managed payments and how to get ready for it for a couple of years now.
... which still doesn't give them the right to keep my money in their pocket.
My funds are in my account in about 24 hours after the payout is initiated, faster than it's been with paypal recently. But your problem is not that the transfer is long or that eBay is holding your money hostage. The problem is that you originally did not set up your payments correctly. Did you, by any chance, skip the part where they ask you for DOB and such and imply that it is not a required info at this time?
They don't need my DOB in order to initiate a bank transfer. Nor do they need to wait an additional two days before asking for that information. (nor do they *need* to restrict payment methods - in the early days payment was entirely in the hands of the seller)
"The problem is that you originally did not set up your payments correctly."
No, the problem is that ebay has the monopoly power to dictate what 'set up correctly' means. If they had to actually compete in an open market, they'd have to choose between pocketing my money and retaining me as a customer.
You provided your DOB when you OPENED your Ebay account originally. It was required info because you must be 18 or older to have an Ebay account.
When you register for MP they ask you for three things initially, your SSN, bank routing number and your checking account number. If you did not provide all three things, then they can't set up your account.
This is Ebay's site, they own it, we don't. So YES Ebay gets to set the rules for their site. That doesn't constitute a monopoly it only means that this is their site and they have every right to set the rules within the laws of the USA. Just like any other corporation has the right.
You can check other similar sites to Ebay. All of the similar sites have had their own money processing programs for years. Ebay is the last of the bigger sites to go this direction. And all of these sites have a delay in you receiving your money. None of this is new for those that sell on Ebay and other sites as well.
In MP it takes them 1-2 days to process a payment. Then on the next available BUSINESS day it will transfer if you are doing daily deposits and for those on Weekly deposits on Tuesdays. I do the weekly deposits. My deposit is sent every Tuesday morning and it is received at my bank before noon on Wednesday. I do bank with a major bank so timing can vary if you are using a smaller more local bank. It can take 1-4 days to have your deposit recorded at your bank.
Because you don't like something doesn't make it a "scam". That word is used for everything when it has to do with anything some poster doesn't like about Ebay.
@veronicabooksandart wrote:True. For instance, a Google search for "Jewelery" returns an earned Etsy category link.
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All things being equal (which they're not), this simple experiment, applied to whatever it is one sells, should best gauge potential sales - if not seller experience.
Etsy has the same payment program as Ebay.
@direwolf wrote:
@veronicabooksandart wrote:True. For instance, a Google search for "Jewelery" returns an earned Etsy category link.
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All things being equal (which they're not), this simple experiment, applied to whatever it is one sells, should best gauge potential sales - if not seller experience.
Etsy and ebay are not equal - they're in completely different businesses. But if you really want to compare apples to oranges, ebay's profits for 2020 are 'between $9.56 billion and $9.76 billion' while Etsy reported a mere $349 million.
A more relevant simple experiment is to ask yourself why you're selling on ebay rather than Etsy. Another simple experiment would be to ask random people to name three general-purpose, online auction houses. I sincerely doubt many would be able to name more than one.
The fact is, ebay has the overwhelming majority of the general-purpose, online auction house business. This allows them to dictate terms - just so long as those of us paying their wages allow them to do so.
Ebay is not an "auction house" anymore. Well over 80% of the listings are Buy It Now listings. Auctions don't do as well as they use to years ago. Some categories still do well with auctions, but most don't. With that said this past year seems to have been a bit better for auctions as I'm sure people were looking for ways to entertain themselves and auctions can be fun.
I'm not aware of any other site similar to Ebay that even have auctions.
Ebay can "dictate terms" because they own the site. We do not.
@veronicabooksandart wrote:That doesn't change the fact that earned Google search category links best drive buyers to sites admitting strongest sales while adding legitimacy. They are, afterall, earned. I sell empty cigar boxes. Per Google, I should sell on eBay or Etsy. Only a fool would try to sell them where I do... they have only 33 employees and a useless ad model!
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But MP TOS is a non-starter. eBay owes me money for overcharged Fed-Ex shipping. They even stonewall Notice of Arbitration.
I still buy here. Things change.
eBay is clearly in decline. They do what is necessary to pay the bills. It's becoming a question of downsizing fast enough.
For my part, I'm only interested in Paypal-driven marketplaces in terms of seller experience.
Etsy has around 800-900 employees.
Ebay financials do not show it is in financial decline, so where are you getting your information from to show Ebay is "decline"?
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