Offers and Immediate payment.

[dhbookds]

On the podcast this morn, Griff (?) said that when ebay has its payment system, immediate payment will work on offers..........

[eleanor*rigby]

Any mention of whether it will be available for auctions?

[jason_incognito]

There is no viable way to put it on auctions.

[eleanor*rigby]

Some viable variation thereof then?

[the*dog*ate*my*tablecloth]

Makes sense to me. When buyers make an offer they've already agreed to pay that exact amount. Makes autoacceptance even more useful.

Auctions not so much.

[dhbookds]

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@eleanor*rigby wrote:
Any mention of whether it will be available for auctions?

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no

[juststuffisell]

can't imagine when they don't already have that in place for "auto accept" offers. Have an unpaid item case right now on a auto accept offer. Very frustrating added on top of very frustrated 😉

Cheers

[7606dennis]

Interesting!  However, I'm not to sure on how they intend to perform it.  Of course, I suppose that they would need to have some sort of access to the buyer's funding source so that once the seller accepts the offer the money could be withdrawn from it.  I'm not sure that I would feel comfortable with an arrangement like that.

I suppose that something similar would work with auctions as well.  Still, I'm not quite sure how many bidders/buyers would find such an arrangement acceptable.  With eBay's history of glitches I would think twice.

[readabouthorses]

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@7606dennis wrote:

Interesting!  However, I'm not to sure on how they intend to perform it.  Of course, I suppose that they would need to have some sort of access to the buyer's funding source so that once the seller accepts the offer the money could be withdrawn from it.  I'm not sure that I would feel comfortable with an arrangement like that.

I suppose that something similar would work with auctions as well.  Still, I'm not quite sure how many bidders/buyers would find such an arrangement acceptable.  With eBay's history of glitches I would think twice.

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When a buyer makes an offer and the seller accepts the offer does that end the listing with our current method? I've never done one to completion as a buyer or a seller.

If the listing currently ends when the offer is accepted maybe the listing will just go on as usual until the buyer pays and would be available to "steal" if someone came along and bought it at the fixed price. Or are we looking at major changes for buyers once the managed payment is in place for all sellers where buyers will need to put a CC on file? Scary thought as a buyer!

[jason_incognito]

It would make the most sense for it to be that the auction keeps going until someone pays.

[mg152]

That’s great. Other sites keep your payment info and when you make an offer and it’s accepted, payment comes out right away.

[the*dog*ate*my*tablecloth]

They tried that before. Offers would be accepted in the middle of the night and the item would sell from under the original buyer.

Once there is offer and acceptance there is a contract. I don't see how Ebay could keep the item up for sale.

[readabouthorses]

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@the*dog*ate*my*tablecloth wrote:

They tried that before. Offers would be accepted in the middle of the night and the item would sell from under the original buyer.

Once there is offer and acceptance there is a contract. I don't see how Ebay could keep the item up for sale.

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So I don't see how they can call it "immediate". I make an offer to a seller. Now I'm going off to town to pick up my mail, get some lunch, go see a movie and in the meantime the seller accepts my offer. Now I may get back late and don't even start up my computer until the next day. Yes, I will pay as soon as I see my offer was accepted but I don't see how we can call that "immediate payment" unless my definition of immediate is different than everyone else.

[readabouthorses]

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@mg152 wrote:
That’s great. Other sites keep your payment info and when you make an offer and it’s accepted, payment comes out right away.

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I don't think I've ever been on another site where you could make an offer.

[sharingtheland]

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@jason_incognito wrote:

There is no viable way to put it on auctions.

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Of course there is.  Any other online auction site I use has my payment information on file and immediately uses that to pay for my winning bid.

The only difference here is the much larger number of auctions compared to a site that runs 20 or 30 auctions/day with 100-500 items in each auction.

As far as Best Offer and no one is around to know that the offer was accepted, same deal.  If a buyer submits an offer, it's just like a bid - the buyer knows she/he must be willing and able to pay that amount.  

It would be a huge undertaking and who knows how much mess when credit cards or paypal or whatever deny charges but that doesn't mean it can't be done.   I can't bid or buy on a site if my credit card on file is out of date which is no programming biggy for ebay but charges against a credit card could be if the card is over its limit.  If that made sense...

I mean, the process is no different than for any other site except that ebay has more auctions running.  Of course, many end without bids.