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managed payments

my account had managed payments activate on Monday morning. 

 

eBay promised the fees will be less than they were before, they are not.  I pay 30c more per item now. 

 

Also eBay promises payments will be paid out in 2 days.  They are not.  It is now the end of the 2nd business day after MP activation and I have rec'd $0.  This is now in the 3rd  that eBay has my money and I have nothing yet. 

 

A payout has been initiated but it is processing.    So now I have had  payments "received" on Monday and sent the items out already, and have not rec'd a dime. 

 

Does this get better or will I curse eBay with every item I send without being paid for it?  If I add a 2 day or longer handling time, do the payments stay pending until I send it?  Or is it still 2 days to process the payment regardless of how many days I take to send it?


They even pad the time it takes by adding a blurb that blames the delay on my bank.  It says it can take 3-4 business for my bank to make the funds available,  I checked with my bank and they say it will be available as soon as they have the money.  Initiating a payment after 2 days then having a processing time, is not what they promised when they tried to sell me on this managed payments **bleep**.

 

With PayPal I would have had the money on Monday.  eBay managed payments is not a benefit for me.  I pay more and get paid much later. 

 

How is this a benefit for anyone except eBay?  I wish they would stop promoting it as something good for sellers,  as far as I can see it isn't.

Kevin A
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