penguins_dont_fly is a Volunteer Community Mentor
General Add-on ... not a reply to anyone in particular.
I posted this in one of the smaller threads and just wanted to repeat it here ...
All this speculation is just that ... we don't know ANYTHING yet about how it will work.
I'm already seeing people taking it as "fact" that this will result in funds holds and fee increases. *sigh*
What we DO know:
- eBay and PayPal had a "mutual benefit" clause in the split agreement that will expire in 2020. In this agreement eBay had to keep PayPal payments flowing at 80% and eBay had to agree that they would not create their own payment portal.
- Adyen is a multi-national Payments portal with over 5000 corporate customers worldwide. If you have a Netflix account, you have used the Adyen portal to pay Netflix. If you have ever used Uber, you have used the Adyen portal. They are not some fly-by-night start-up.
- eBay will be using Adyen as it's primary payments portal beginning later this year. Right now, eBay uses PayPal's Payflow service to process credit/debit card payments directly at checkout. (opinion: this piece is most likely where we will see the first changes)
- PayPal will still be an option for sellers.
Here is what I get out of this ... right now, all of the international sites (.com, .co.uk, .in, .hk, etc) are disjointed at checkout because of payment options that may be available on one and not the other. PayPal is not universal across sites (and actually operates as different entities in different countries where it is available). Unifying checkout across sites will make the buyer experience a bit smoother, IMO.
And more opinion ... buyers that shop elsewhere checkout with their credit card. That is the norm for online shopping. The whole third party site payment thing that is PayPal is foreign to non-eBay buyers ... and eBay is trying to attract new buyers (which is a good thing for eBay sellers).
As an Etsy seller, this is not a "new" concept for me. My sales go into my business checking account once a week (yes, I could transfer everyday but I don't) ... no need for me to maintain 2 separate accounts and transfer funds back and forth.
Another thing is no "3 shots at the prize" disputes ... eBay, PayPal and then Credit Card ...only 2 .. eBay and then Credit Card.
Enough out of me LOL ... I would just like us all to not jump on the chicken little bandwagon and start spouting conjecture as "truth" when discussing this. Let's ask the right questions and not just make "noise" and get hysterical and start mixing discussions about other things into this.
I would like us, here in the Selling Community, to put together a list of questions we need the answers to ... and to keep asking those SPECIFIC questions until we get SPECIFIC answers.
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wrote:Furthermore I dont think EBAY understands a lot of buyers are sellers too with PAYPAL accounts and money in PAYPAL (not adyen). What happens to them after 2023 and EBAY stops taking PAYPAL? We have to give Adyen our credit card#? What if the buyer only has a paypal and no credit card# from Paypal?
Ebay also will find out only 50% Or Less of the sellers will meet Adyens requirements to get a acount with them . I was On adyen's website and found out I don't meet their requirments for a acount .
YOU will not get (or need) an account with Adyen.
Adyen will process the payment for eBay.
How eBay will be dispersing the funds has yet to be revealed.
You have sign up into Adyen . I will not sign up.
No, YOU don't.
eBay is Adyen's client.
Just the same as you don't have to have a PayFlow account now. Currently, right now, eBay checkout allows for Credit Card payments .. directly ... without the buyer having to have a PayPal account. Those payments are processed though eBay's PayFlow account into your PayPal account.
I sell on Etsy.
Etsy is one of Adyen's clients.
I do not need an account with Adyen to sell on Etsy.
Buyers pay Etsy though the Adyen portal ... Etsy disburses the funds to my bank account.
@bubbleman2010 wrote:Most folks just won't like the rolling reserve I figure ebays based on 90 days so that will probably be the time line. They might also use the 50/50 split on the 90 days. They are all sitting here reading the posts,but their absence speaks volumes....
Please link to where it states there will be a rolling reserve.
This has not, to my knowledge, been stated ANYWHERE.
@bubbleman2010 wrote:Maybe they could toss out a $10.00 sign up boneus......
Sign up bonus? For what?
"We" (sellers and buyers) aren't signing up for anything ...
@bubbleman2010 wrote:Sorry we're not allowed to post links to outside sources...
Then name your source and give a direct quote.
