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Venmo as purchase option on checkout

I noticed that Venmo appears on the purchase payment screen at checkout.  Since Venmo is a free service from PayPal I wonder if ebay will  be lowering the fees for payment processing to it's sellers when buyers use it? 

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Venmo as purchase option on checkout

Doubt it, doesn't eBay still have to process the money into your bank account?

Message 2 of 7
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Venmo as purchase option on checkout

Pay-Pal is just a payment source for buyers same as any other credit card. eBay and Pay-Pal aren't connected otherwise. 

Message 3 of 7
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Venmo as purchase option on checkout

Nope, why would they do that?  Venmo being a payment option just means buyers can send money from their Venmo account to eBay, who then pays out to you using your usual bank account minus their fees.

Message 4 of 7
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Venmo as purchase option on checkout

@vettes555 

I doubt it.  eBay seldom if ever lowers the fees or costs, etc & the money still has to go thru the payment processor.  Cute Bunny!

 

Happy Selling!

Message 5 of 7
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Venmo as purchase option on checkout

  1. Venmo is not free for merchants
  2. Venmo is only free for consumers if they use a Venmo account balance vs a credit card
  3. Did PayPal ever offer discounts to merchants if a user paid from their account balance or a bank transfer? (answer is no they did not)
Paranoia strikes deep
Into your life it will creep
Message 6 of 7
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Venmo as purchase option on checkout

Ebay never lowers fees to sellers and if they send out an email that says "good news!", it just means you are about to get the shaft again.

Message 7 of 7
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