eBay

usedgoodsforsale2021 · ‎01-31-2018

I happened to see it on Facebook from ebays business page.

https://community.ebay.com/t5/Announcements/eBay-to-Intermediate-Payments-on-its-Marketplace-Platfor...

vintagecraze50 · ‎01-31-2018

I looked up Ayden and one of the good things that was said about it is that they reduce chargebacks significantly and have a good fraud protection system. I too would like to know if this is going to be a hold on your money situation as this would be difficult to use if that is how it works. Also, would money then be distributed into two places, e.g. Some on a Pay Pal account and some on the Ayden account, in other words, would you then have to check transactions on two separate accounts? Yikes!

noyzee · ‎01-31-2018

I'm already having problems with eBay's opaque dispute resolution process especially when the situation points to an obvious buyer scam. It's just as bad when sufficient time isn't given to work with a shipping company to track a package that is in the system before eBay jumps in and pulls the money out of my PayPal account and hands it to the buyer.

eBay spun off Paypal osentibly to disengage themselves from transactions so that they wouldn't be so intimately involved. In practice, eBay has had far more control of PayPal than one would expect from completely separate companies. Starting the whole Billpoint scheme up again from a slightly different angle doesn't bode well for small sellers like me that need access to payments to ship products to the buyers. Paypal's fees are on par with nearly every other similar service out there. It's hard to see how an even cheaper processor can be had unless they plan to hold funds to earn interest during the interval or will be augmenting their income with excessive fees and penalties in other areas.

The eBay experience is getting more and more complicated as well as more expensive. Department stores and supermarkets get by with lower margins and don't feel the need to re-organize the store 2-3 times a year making it harder to find items. If they continue to abuse sellers, the first competing sales site that comes along with a streamlined process that just operates as an advertising platform for sellers is going to do extremely well.

In recent years any communication from eBay that starts with a sentence about how great some new thing is going to be, hasn't been.

vintagecraze50 · ‎01-31-2018

Yeah, I hope the money is held in San Fransisco, not in a bank in the Netherlands. US sellers. More Yikes.

noyzee · ‎01-31-2018

wrote:
Why do I have a sudden urge to revert back to checks, money orders and cash in an envelope?

I'm looking at reverting back to specialzing in a narrow range of higher value items and going back to selling from my own web site. eBay was best for handling the details so selling lower priced goods could be marginally profitable.

There are a whole bunch of payment processors that can be used to get money from customers.

numisnorway · ‎01-31-2018

Maybe cryptocurrencies will be a payment option now.

partial*eclipse · ‎01-31-2018

wrote:
...I thought eBay owns PayPal....or have they sold it off...???
If they still own it...why do they need a different company to manage payments...???

eBay and PayPal have been separate companies for over 2 years.

slippinjimmy · ‎01-31-2018

wrote:
A Google search found that Adyen in a Dutch company, founded in 2006, with headquarters in Amsterdam and offices in London and San Francisco.

Of course, this transistion from PayPal to Adyen requires that buyers sign up with Adyen.

As someone who buys on eBay, I look forward to seeing eBay's efforts to convince me and other buyers to enroll with Adyen and entrust it with my financial information

I doubt that very much, Ayden would be running the back-office functions, it's unlikely buyers would ever know who they were. All that buyers would know is that payments on eBay would work just like they do pretty much everywhere online, you buy, you checkout, you choose a payment method, credit card, PayPal or likely some other options. Just like elsewhere eBay can retain your preferred payment method allowing "1-click" checkout if desired.

Paranoia strikes deep
Into your life it will creep

illinoismoose · ‎01-31-2018

"a lot more - and better trained" - I'd settle for English speaking. Competency is asking way too much I suspect.

wolfbyte · ‎01-31-2018

A recent post with video on Bloomberg's website:

https://www.bloomberg.com/news/articles/2018-01-31/ebay-to-ditch-paypal-for-dutch-processor-adyen-lo...

argy_eyes · ‎01-31-2018

D-K,
I think you are getting close to one of the main concerns. The announcement says that "Adyen, a leading global payments processor" will be administering eBay payments. To me this sounds like another entity that will take a cut, not withstanding the assertion that "most sellers" will see their costs go down. The devil's details will tell.
On the other hand, maybe Adyen will do something truly helpful, like taking Amazon Pay or any of numerous gift cards. Anything that obviates the need for a Paypal account (and the link to a bank account it requires) and expands customers' payment options would be a plus for sellers.
Mike

slippinjimmy · ‎01-31-2018

wrote:

eBay spun off Paypal osentibly to disengage themselves from transactions so that they wouldn't be so intimately involved.

I have no idea where you got this notion, eBay spun off PayPal because it made financial sense.

2 1/2 years later instead of one company worth about $50/share it's two companies worth $125.

PayPal have done much better after losing the connection to eBay that excluded them from certain sectors and eBay has also done better because they don't get the "only PayPal keeps them afloat" story anymore and they can directly show how profitable the Marketplace portion of the business really is.

Paranoia strikes deep
Into your life it will creep

usgamecollector · ‎01-31-2018

wrote:
"Payments intermediation will bring significant benefits for eBay sellers...." Sounds too much like the old 'good news for sellers' spin that was not good news at all. I think ebay ditched the "good news for sellers" wording.

yup there is no way this is "good news" in anyway. If the fees are cheaper it will only be temporary until paypal isn't used anymore. If the support is better it will only be temporary as well. Now that they don't own paypal anymore they want a piece of the pie. I just trust paypal a lot more than I trust ebay.

partyd · ‎01-31-2018

https://www.cnbc.com/2018/01/31/ebay-in-split-from-paypal-will-start-using-adyen.html

This is better for us sellers, they will compte and lower rates

xenapup1 · ‎01-31-2018

why yes, per google, they are a huge company with 600 employees and a whopping clientele of 5000.

they will easily be able to handle the flood of billions of new clients, LOL!

I feel very confident it will be safe to give them my personal inormation, LOL!

kiss your ease of payment collection, money transfers and safety of your personal finances, far far away.

going to go back to my sales 20 yrs ago. CASH, CHECK, MONEY ORDER, WESTERN UNION, CASHIERS CHECK, 14-21 DAY WAITING TO CLEAR MY BANK BEFORE SHIPPING.

Oh yeah, it will be better and cheaper for sellers LOL!

yuzuha · ‎01-31-2018

wrote:
This might not be a bad idea. Maybe eBay will benefit by not refunding every buyer for every little thing. Hopefully there’ll be some monetary incentive for eBay to side with sellers or give us more control.

What I'm hoping is that this will vastly cut down on the whole fake payment email scams. It will be a lot harder for scamming buyers to fake a payment email when logging into eBay will tell you with 100% certainty whether you've actually been paid or not.