Venmo as purchase option on checkout

[vettes555]

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? 

[toysaver]

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

[redmodelt]

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

[brightlightbookseller]

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.

[ckimodog]

@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!

[slippinjimmy]

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)

[asset_liquidators]

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.