Ebay intermediate payments announcement

[usedgoodsforsale2021]

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...

[d-k_treasures]

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It means Ebay is going to start handling their own payment processing, with Paypal as a payment option, instead of their current credit card processor.

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Well.  That may not be a bad idea if they do it right.  I've considered suggesting that a few times in recent weeks.  Just think, they could potentially take back refunds issued to buyers in error.  Or have new buyers place a CC on file for payment disputes. 

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Thanks for the laugh of the day!

[usedgoodsforsale2021]

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"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. 

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I think some sellers will like it if ebay takes its fees at time of transaction. I like that too. I'd feel better about it if my seller hub features worked correctly.

[bubbleman2010]

The 180 day rolling reserve is just around the corner...

[d-k_treasures]

• Lower Costs and More Control of Their Economics. Most sellers can expect their costs of payments processing to be reduced after they transition to eBay’s intermediated payments model, and benefit from a simplified pricing structure and more predictable access to their funds.

I'm sure with a corresponding hike in FVF's.

[d-k_treasures]

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The 180 day rolling reserve is just around the corner...

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Yep.

[chrysylys]

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How long until eBay removes the option to block people that do not have a PayPal account?

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You wouldn't need that any more.  They may even eventually disallow PP.

[bubbleman2010]

DK they do have over 5,000 customers to bad they are offshore and actions can't be monitored due to its a privately held company...

[gracieallen01]

Well, this should be cute.

Now, not only will ebay have payment/financial information for sellers, but will also have access to payment/financial information for buyers.  I wonder if that means that they will then be able to put a stop to the 'refunds before delivery' scams. 

I suppose it will then be that ebay will have all the information on every transaction, so as to curtail any off-site sales.    Of course , all of this, will be at their 'sole discretion' and clearly (cough, cough) outlined in the UA and the policies.

I have a feeling that ebay is going to need a lot more - and better trained - CS reps to answer the questions and handle problems. 

And, then there are the 'bots.  Going to have to get them ramped up to help police the buyers and sellers to make sure that they qualify, information is real, and all that good stuff.  Privacy?  What's that?

Yeah, this should be real cuted.

[hioctane62]

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The 180 day rolling reserve is just around the corner...

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Yep.

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And, any holds, which are currently held by paypal, will be held in an ebay account, earning interest. You didn't think they were doing this for US, did you?

[slippinjimmy]

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• Lower Costs and More Control of Their Economics. Most sellers can expect their costs of payments processing to be reduced after they transition to eBay’s intermediated payments model, and benefit from a simplified pricing structure and more predictable access to their funds.

I'm sure with a corresponding hike in FVF's.

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I'd be happy with a flat 13% rather than the current fee structure, that would save me some money.

Although I rarely have any payment issues it would also be nice knowing that when an Item sells it means it's paid for.

It would certainly put a significant dent in the current fake payment scams.

At this point there are no details and nothing much of anything will begin to change for almost a year so I'll reserve judgement on eBay's ability to execute.

[gracieallen01]

Ah, yes, Paradise and a data miner's dream come true.

[Anonymous]

Global Payment Company....Private Owners, Amsterdam, Netherlands. Dont Get any More GLOBAL than that....

[d-k_treasures]

Together, these leaders bring significant payments expertise from Alipay, Google, HSBC, Square and Wells Fargo. Over time, eBay expects to have a team of several hundred business, product, and risk specialists driving its payment capabilities.

Well, 3 out of 5 ain't bad ...........

[kim_y_buran]

I want to see what the fees are going to be like.

[thedollhouseshop]

I'd bet money we are all going to be paid every 2 weeks like Amazon sellers. ..