eBay

rebalew62-0 · ‎10-30-2018

Is anyone else out there concerned about Ebay eliminating Paypal ? I wonder if if will have an effect on my sales in the future. Feedback anyone ?

divwido · ‎11-02-2018

My biggest concern, and it's huge, is the eBay window where they spend my money before they let me have it.

PayPal is straight forward and simple. What if eBay's two day wait for your money becomes three or four days. What if they decide without basis, that your money should be held longer?

The absolute last thing I plan on doing is letting eBay decide when I get my money.

Good Moms let you lick the Beaters.

Great Moms turn them off first.

jpaul18535 · ‎11-02-2018

If 2 days bothers your, don't sell on Amazon, they will hold your money 2 weeks. As a new seller, Amazon will hold your money upto 30 days. Paypal will take 2 day or more when you transfer to your bank. Immediate if you purchase via PayPal or with PP Debit card.

Really can't compare PayPal to Ebay's Managed Payments and Amazon's payment processing. PayPal is more like a bank, Ebay and Amazon are more intermediaries between seller and banks.

matikab · ‎11-03-2018

Are we all automatically opted in? Where can I find it about myself?

usmediamass · ‎11-03-2018

@jpaul18535
Which part concerned you? Please let me know if I am missing information or have it wrong. I welcome the discussion. Other sellers are concerned about ebay holding payments also. So, as of now I have to stick with what my research has shown me. And I offer my opinion with the information that helps form it, to help other sellers that want to look at the facts and information that ebay is providing with ebay's current direction to draw their own conclusions or see the trends.
I am ok with the huge task of switching funds between my paypal and bank account and paying ebay. But relying on ebay to disburse my funds opens up concerns. I am still trying to be a selling partner with ebay that takes good care of buyers.
We will have to see how ebay handles paying the sellers on ebay and see how they leverage that for their benefit. Only time will tell and that is a few years away.

jpaul18535 · ‎11-03-2018

No part concerns me. Ebay is evolving their business model. You can adapt to it or not. Almost every aspecdt of who and what you sell is dictated by ebay. YOU work under their guidelines. Like it, stay and sell, don't like it, move to another platform.

I "touched" my PayPal money only to purchase labels and at the end of the month I would transfer money out of PayPal. Having eBay transer into my checking account every 2 days doesn't really bother me.

I don't see this as ebay paying me. I see this as ebay being an intermediatiary like PayPal was.

What research are you doing and what is it showing? More importantly, what are you "sticking by"?

You mention a couple of times you have concerns. What are those concerns?

Did you have all these concerns when Ebay actually owned PayPal?

What concers me is growing my business and providing good customer service. Whining about something I have no control over adds no value to my business model.

I'm totally willing to get on board and hammer ebay for their managed payment process but I don't see or have any concerns.

Buyers who say they won't buy for a seller that does not offer paypa. That is not huring ebay, that is hurting the sellers. All the buyer is doing is moving on to someone else who will accept paypal. Ebay is still getting thier fee.

usmediamass · ‎11-03-2018

I will stay and sell with pride, but I will try and get ebay to hear my concerns, as well as the concerns of other sellers.
ebay sellers need to realize that for a little while longer we have a little leverage that we need to collectively hold. The take it or leave it is just a bad relationship. Why didn't ebay keep paypal if they thought "shoppers expect to be able to check out and pay on the site where they're shopping." That is what ebay is telling us, but the buyers are saying they want an independent way to pay on multiple sites.

Ebay says they will collect the money from your buyer and pay you. So yes ebay will be paying "disbursing funds" to you. The link I shared states "sellers will no longer be paid directly from buyers". That is what my research shows. As does ebay's flow chart from the link I posted. I am sticking by that.

My concerns are "Power tends to corrupt and absolute power corrupts absolutely."
I am concerned if ebay holds the purse strings. They leverage everything they have to benefit ebay, at the sellers' expense.
They have done that in the past and are being more aggressive with it everyday.
Managed payments will be no different. ebay does not just want their fees, they want total control from beginning to end, "absolute power".

Sure it is free or cheaper at first but once they have all the power they will not give it back.

caninekopz · ‎11-03-2018

All I am going to say is I have invested a lot of time and money into Ebay and the stores that I have. Last year I paid Ebay over 30,000.00 in fees, not shipping, but fees from all of my stores. The year before that was almost the same.

So I am not just bowing out. I will fight back until they kick me out or make it so bad that I can not conduct business.

I say we all stick together and we may have a chance. Maybe yes, Maybe not. But I am not just laying down. I would not say limit payment systems to Pay Pal, but don't take that choice away either.

You see, Ebay is trying to take too much control. Our product, our risk, I pay taxes (not to ebay), I promote my store (that ebay no longer allows me to run my way) all ebay does is give me a worldwide platform. Now I really dont want to sell outside of the us because Ebay has screwed up the returns system and easy to get taken. Ebay is now filtering and throttling sales for poeple that do not want to give them even more of thier money so that is not working either. I PAY EBAY TOO MUCH FOR WHAT I ALREADY GET.

Search engines not working, stats are messed up, selling platform not working most of the time, limited to sparse sales, returns that are horrendous and no support from ebay via phone or computer.

Why would I want to throw payments in there as well. At least I have some protections when using pay pal. I use them in my B & M store, my own online auctions and any business I conduct. I transfer 10s of thousands of dollars weekly with them. They protect my interest......Will Ebay. NO they have already proven that.

Good Luck

Rich

dirk12955 · ‎11-03-2018

My motto with ebay has always been, "Adapt or die" We didn't want paypal and hated it and we complained and resisted the change 15 or 18 years ago.

Now some of us can'r imagine life without it.

I don't care about the change. I'll put it off as long as possible because I want my buyers to use Paypal 100% of the time. And I'll explain why.

I use my Paypal receipts to buy inventory. I use my Paypal receipts to buy postage and USPS Labels.
I use my paypal receipts to buy a printer, printer cartridges and paper, Scotch tape and other necessary junk that it takes to run a mail order business.

I use that money to take my wife out to dinner, to the movies, I use that money to fill the cars up with gas and 100 other things.

My business life is simple, not complicated. The money, expenses, profits, losses are all very easy to track because every cent goes into, and comes out of, Paypal.

I'll offer the new payment method when I have to. Because that's the way it is and I have no say in
what ebay does. When they ask my opinion they don't listen.

The first time somebody buys from me, and the money they paid is in limbo, and I don't have enough money in my PayPal account to pay for the shipping? I'll be very unhappy.

Does the new payment system allow us to have our receipts transferred into our Paypal
accounts instead of our checking accounts?

jpaul18535 · ‎11-03-2018

Your business model and use of PayPal was exactly as mine (I am a beta Managed Payment seller).

I don't quite have all my accounting all figured out but I do have a nice "Payments" view which shows me a running total of my last 30 day of sales.

Ebay transfers $$ to my bank every 2 days. What I started to do about a week into using Manged Payments is, once I receive the notification that a transfer has been sent to my bank, I then make the same $$ amount transfer from my bank to PayPal. I receive daily transfers to my bank and I make daily transfers to PayPal.

I have all my itemization in Ebay, which I kind of like and I have my $$'s back in PayPal to use as you described.

I'm not a large seller so this is working for me. I might have a different approach after tax filing but this is working fine for me now.

I'm curious if I will get any queries from my bank about all the daily transfers coming in and going out. This has to add a lot of overhead for my bank.

jpaul18535 · ‎11-03-2018

Caninekopz, all your points are very valid.

I'm assuming you don't sell on Amazon. They hold payments for 2 weeks.

I agree eBay is taking more control.

I think they are trying to be more like Amazon.

My income for eBay is not material to my lifestyle. This may be why I'm not overly concerned about the new managed payments. If this was by primary income, I'd might be seeing this differently.

usmediamass · ‎11-04-2018

@jpaul18535,
Do you know when ebay is going to pay themselves with managed payments?
As it is now I know sellers that use their money for operating expenses during the month before payment to ebay is due.
It seems like this is going to be a large change in cash flow and with managed payments sellers will be missing out on working capital for a month. So do final value fees come out before sellers get paid? What about insertion fees? Are they going to fix the seller hub since not all the insertion fees paid by seller show up on the selling cost on the seller hub?

dirk12955 · ‎11-04-2018

All I know is any money ebay transfers to me will be sitting in my checking account. That's not where I want my money to be when I want to buy a stamp collection.

I want to buy inventory or whatever with the profits from my ebay sales. Money that has accumulated in my paypal account.

I do not want the extra steps and confusion of constantly having to transfer money back and forth.

I do NOT want to open a new checking account for ebay. I already have an account dedicated
to my ebay business with paypal.

buyselljack2016 · ‎11-04-2018

@matikab wrote:
Are we all automatically opted in? Where can I find it about myself?

At this point we are not "automatically" opted in.

This roll out of the actual "managed payments" (NOT A BETA TEST. BETA TEST WAS DONE WITH EMPLOYEES, AND ENDED PRIOR TO THIS ROLL OUT) was offered to many. Postings indicate that they were looking for about 5% of sellers to get onboard for the roll out.

The rest of us will eventually be rolled into the program, but I have seen no info on that other than the eBay postings that the transition will be a multi-year deal with I beleive a date of 2022 for all to be in.

buyselljack2016 · ‎11-04-2018

@amricons wrote:
Correct me if I am wrong but can't any body take Paypal . Just check with Paypal and ask thme how to install it in your store unless eBay absolutely bans that form of payment like they have in the past but will allow today. I think myou can set up your own CC gateway in your eBay listing , right ? . I see at least check out options currently in the check out screen. Noticed that they have moved Paypal from the top option into 2nd place with CC's on the top. Not in managed payments, experience in the past, when eBay uses any 3rd party apps, there are a whole host of problems and often they would abandon 3rd party apps with no reason after you (the seller) invest a lot of time and money into the new toy .

That may take something like a "merchant account". With that a seller can take credit cards, and debit cards. My understanding is that an individual merchant account for doing that is rather costly.

buyselljack2016 · ‎11-04-2018

@threebynine wrote:
All sellers will lose PP for a few months until summer of '19 but that's not a done deal with date certain to reinstate PP.

Only the sellers that have "opted into" the new "managed payments" roll out (NOT A BETA TEST) will lose the option to accept PayPal at this time.

There are no facts to support the statement that we will all lose the ability to accept PayPal, and of course when eBay again allows PayPal payments, they will go through the "managed payments" process, (handled by Adyen/eBay) to be deposited in our bank accounts, not to "our" PayPal accounts.

eBay has not provided a roll in date for the rest of us. At this point I doubt if eBay even knows when that will be. eBay statement is only that it will be "a multi-year process".