About ebay's changes in payment policies. Sellers will have to give Ebay direct access to our bank..

[b-rren-zwrad9mr57]

I am really concerned about Ebay demanding that sellers now have to disclose their bank account information to Ebay in order to get paid. There are a couple concerning factors here. One that, it will slow down the service. Since we as sellers will not be able to mail items until we know that our banks have fully acknowledged payment. (Not Pending). Pending Never means payment! BUT, The most important issue I have, is I prefer going through PayPal because it is a go between protector of us and our buyers.  If we are wrongly charged or if we do not ship to our buyers, PayPal looks after us. To me its as if Ebay is moving our protector away. We then have to trust Ebay with it's direct access to our account. Can anyone imagine what kind of problems we would begin seeing? EBAY, I don't give anyone access to my bank account! I can't see myself doing that. I'm a person that can see problems ahead and I do avoid them! I think this is a bad idea!

[slippinjimmy]

You can choose to wait until the funds hit your bank account if you wish but your customers are not going to like it and you better change your handling time or you will have a pile of late shipping dings.

When you are paid via PayPal did you wait until the funds were deposited in your bank account?

Didn't PayPal have access to your bank account? or did you leave all the money in your PayPal account where eBay could grab it at anytime? Did you understand that eBay could debit your PayPal account anytime and if there were not enough funds PayPal would scoop it from your bank account or credit card (or if that failed send it to collections).

[creativecrisis]

All sellers will have to enroll in Managed Payments eventually (or stop selling on eBay). You can read up on how the program works here.   https://pages.ebay.com/seller-center/service-and-payments/managed-payments-on-ebay.html

You don't have to give eBay access to "your" bank account. You can do what many sellers have done and open a separate account only for receiving eBay payments.

You do not need to hold up shipping until payment has cleared your bank. You can use pending funds to buy postage. I still ship in one business day like always.

After using MP for several months, I've had zero problems. It's not as convenient as PayPal, but it works fine. Take time to educate yourself about the program, because eBay is going to require you to use it or stop selling here ... whether you think MP is good idea or not.

[steelernation2007]

I'm not sure how it went for everybody else, but I had instant availability to Paypal funds. So things are not going to be the same now. Original poster has a very valid point.

[b-rren-zwrad9mr57]

No.. That's not how it works at all with my PayPal. They don't have free range to my bank account at all. I have had PayPal for a long time and I have never had them arbitrarily take funds from me, ever! In fact, I feel safer doing any purchases online with PayPal. I believe that PayPal is the perfect go between and safety net for online transactions.

Again I say No one has free range to my personal bank account.  I mean nothing goes into my account and nothing goes out without me knowing what it is.  I don't use a bank attached debit card either. I'm not willing to take a chance.

I believe Ebay needs to come up with a better solution.  Maybe they come up with something like an Ebay account, exclusive to Ebay.  No one (Not PayPal} or anyone else  have  exclusive access to my bank account.

So,  Slippinjimmy, I see all is well with you. I guess you are  either unaffected {maybe Ebay emplyee} or have so much in your bank account.  And you probably freely use your bank issued debit card, that you never know what's in your bank anyhow.

I don't have a lot of money.   I guess I will move along and look for another platform if Ebay changes it's payment policies.  PayPal has been a good go between platform and they have never done me wrong or taken funds from me.

[farmalljr]

Every day, another thread like this pops up. Just goes to show how uneducated some sellers were for YEARS. All of these threads are tears and wails of ignorance of the TOS, of both eBay AND PayPal. 

To the OP, do whatever you think is necessary. When you don't ship when you are supposed to, your account will get suspended or banned. Buyers will be leaving you negative feedback, as you will deserve. 

If you want cash in hand, have a yard sale. There is NO payment processing that is instant. That you money was "in your account" was nothing but a LOAN from PayPal. The whole reason they did that, is because most people with money in their "account", would spend it. Then PayPal would get the fees from whatever you bought, with your borrowed money. It is a smart business plan for PayPal. They make more money in fees. 

eBay makes nothing more, because they aren't the ones processing the payment. 

[kensgiftshop]

@b-rren-zwrad9mr57 

When I first started selling here in 2011, I gave them access to my checking account so they could pull their fee's when needed. So far, I haven't had any problems, they pulled what I owed and nothing else.

Shipping, I still ship the same or next day, no reason to make buyers wait any longer then need to.

The other site I sell on has been using the same payment processor for a few years and I've never had a payment that didn't go through.

It does take a couple days to receive the funds if you're on daily payouts, but once you get used to it, it's not bad.

[kensgiftshop]

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@steelernation2007 wrote:

I'm not sure how it went for everybody else, but I had instant availability to Paypal funds. So things are not going to be the same now. Original poster has a very valid point.

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Yes, Pay Pal gave us access to the funds before they even received them from the buyers payment source.

Why, because they knew the payment was good and they would be receiving the funds in a couple days.

[b-rren-zwrad9mr57]

It maybe used to be that way with PayPal, but It is absolutely instant now. I can spend or remove my funds as soon as they are accounted to me. It is my bank that takes as long as 5 to 6 days to register my incoming funds from PayPal. 

[yuzuha]

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@b-rren-zwrad9mr57 wrote:

No.. That's not how it works at all with my PayPal. They don't have free range to my bank account at all.

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They absolutely do when it comes to matters of refunds. They will take that money from what you have in your PayPal account, and if you don't have enough in your PayPal account, they will take it from your back-up funding source, be that a bank account or a credit card. That is precisely WHY one has to have a back-up funding source attached to PayPal.

[bondsey8]

It's far worse than that. We just sold an item and the buyer scammed us. Said it was used when it wasn't, posted a bunch of bogus pictures, and forced a return. Ebay sided with them, of course, didn't even read the case details, and then forced a refund DIRECTLY from our bank. So instead of ebay footing the bill for their "Buyer Protection" that they have on virtually every page, what actually happens is that buyers who have learned how to con the system get to steal from the sellers who are paying for their "protection". Oh, they'll let us "appeal" the decision in their little kangaroo court. I have zero confidence in being treated fairly. This is the last time I use ebay for anything. 

[farmalljr]

eBay doesn't "foot the bill" for anything. You the seller, are ON THE HOOK. Period. Read the TOS and the MBG, there is no "seller's protections".  "Seller's protections" are nice words, and SEEM meaningful, until you realize you have so few "protections", there aren't really any. 

Again, another case of another wanna be seller, not knowing the rules and understanding them.  I sure hope it wasn't the $300 breast pump you got screwed out of. If it was, you should really rethink selling ANYTHING here that is very valuable. Because you just might lose it to a thief. 

[vintagecraze50]

You gave them access to your PP account. So what’s different? A buyer protection policy was still used in the determination of refunds, chargebacks and other shenanigans there. PP was not your friend, your protector, or easy to deal with when disputes happened there. Payments, instantaneous there, but subject to every ebay buyer protection policy ever created or enforced. 180 days of buyer able to file a request for a refund. No big difference.

[vintagecraze50]

Oh I forgot, two trips to the trough when disputing a purchase-one with Ebay, one with PP. had to check my account there all the time for sneaky chargebacks etc.

[kensgiftshop]

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@b-rren-zwrad9mr57 wrote:

It maybe used to be that way with PayPal, but It is absolutely instant now. I can spend or remove my funds as soon as they are accounted to me. It is my bank that takes as long as 5 to 6 days to register my incoming funds from PayPal. 

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Yes, they give you instant access to the funds, but they don't receive the funds for a couple days.

They don't receive the funds when the buyer pays, the payment has to be processed just like Managed Payments.