02-10-2020 12:09 PM
Managed Payments is to be fully implemented by 2021 requiring ALL Sellers to be enrolled. Among several Items that will NOT be allowed in te Managed Payment System, are, Coins & Paper Money, Motor Vehicles, and Bullion. Obviously, if sellers can't sell them, then there won'tbe any listed to purchase.... Dahh!
01-17-2021 01:38 PM
@slippinjimmy wrote:I imagine the fee schedule will have coins added to it when coins are actually allowed (on the 25th?).
Based on all the other Categories that have reduced fees for Store sellers the rate for coins if you have a Store should be 6% + 2.35% (8.35% total + 30 cents) under MP.
I don't know this for a fact but I can't see coins being any different from all the other categories.
Maybe yes and maybe no. They aren't that good at getting them updated. For example. When many of us were informed in March/April of 2020 that we were entering MP in July [originally], most of the detailed policy pages had not even been written and/or updated. It took me MONTHS of asking before they were published and just short of entry dates too. They had not even written them when they told a large number of sellers they were about to go into the program.
I do suspect your numbers are correct, but I just don't know that come the 25th the update will magically appear. No harm in reminding them, hence the tagging.
01-17-2021 02:28 PM
I don't disagree with any of that but think how confusing it would be if they showed fees for coins but if you tried to list coins you would be blocked.
01-17-2021 03:01 PM
01-18-2021 10:46 AM
@mam98031 wrote:
@matneum_15 wrote:
Does anyone know what the fees are going to be when MP comes into play for coins/bullion? Still cant find it anywhere. Seems a bit crazy they won't tell us how much they are going to be charging, since based on other fee categories we might be seeing a 50% rise in fees (most categories are 11.5-12.3% range), and coins/bullions was 6%, + the 2.9% processing fee (with a store subscription).
This is a fantastic question as it doesn't currently appear on the policy page for fees.
We need the policies pages updated and we need to know what the fee is.
@mam98031 we don't have any information on this at the moment, but will work to get more details to share here.