eBay

div_style · ‎07-16-2018

Per eBay message:

What are the key benefits?

- One place to sell and get paid: manage all your selling and payments needs from within your eBay account.

- Simpler bills: all your fees in one place on your eBay bill.

- Consolidated pricing: all your fees in one place on one bill, plus special pricing for early opt-in*.

- Daily payouts: direct to your bank account. No need to transfer funds between accounts.

- New ways for buyers to pay: such as mobile payments with Apple Pay.

- Better protection: claim and chargeback seller protections provided by eBay, with one place to manage disputes.

- More control: accept your exclusive invitation now to get a head start on adapting your business to selling and getting paid on eBay.

****

I would like to have seen something about fees but I guess that will have to wait.

Overall, what I see so far looks good.

List more, sell more. Goodwill that other, uh, stuff.

Feeling sleepy? There's an app for that.

hioctane62 · ‎07-22-2018

Knowing ebay, somebody will be trying to load a beta next week for future use and send the whole thing live by mistake.

Nobody will be able to pay for anything they bought for a week.

Sellers will be punished for not shipping on time.

All the cancelled orders will be applied as SNAD returns, pushing most sellers into the extra 4% FVF.

They'll tell you to call CS if you are an affected seller.

(Okay, maybe I should have posted this in the joke thread)

auctionpet · ‎08-23-2018

@hioctane62 wrote:
One more time.

If that seller were paid today for that or any other item, they could not go to the grocery store today, like they can now. It would be at least tomorrow. Whether or not that seller should have planned better.

If that individual was so desperate for $ they'd be better off pawning the item or selling it on CList and getting cash. Ebay isn't a place to sell items if you need immediate funds, as there is never any guarantee of the sale or the seller having to return the funds due to a SNAD or return.

Folks are making things way more complicated than they need to be. I understand that many sellers have no business background or understanding of payment processing, but what ebay is launching is the way many online businesses operate and the way all b&m have operated since the inception of credit cards. There has always been a lag time in funds hitting a bank account. People are viewing paypal as being a bank, they aren't, they don't even have to meet the same insurance requirements as banks, making them a higher risk,

Etsy and Amazon do the same thing. I sold on etsy and never had immediate access to payments. Ebay isn't going to steal anyone's money, there are standards that have to be met as a payment processing agent, things aren't allowed to function willy nilly or rules made up as they go along when it comes to money handling. Your required to give SS# because of the IRS and the need for ebay to report, the same way paypal or any merchant payment processor has to. If people are uncomfortable with this, then the answer is simple, stop selling here. But you'll see that it will be no different if you sign up with any of the other major selling sites. Most of them work the same way, they recieve the payment and distribute the balance (less fees) to the seller.

Over 15 years ago ebay offered billpoint as a payment processing option, I used it and never had a problem, in fact I preferred it! They shut down Billpoint when they bought Paypal, had they not bought Paypal and kept Billpoint there would have long been an ebay payment processor in place and I doubt we'd be having this conversation.

tealt · ‎08-23-2018

@auctionpet wrote:
Over 15 years ago ebay offered billpoint as a payment processing option, I used it and never had a problem, in fact I preferred it! They shut down Billpoint when they bought Paypal, had they not bought Paypal and kept Billpoint there would have long been an ebay payment processor in place and I doubt we'd be having this conversation.

Ah, I remember those days.

Billpoint was clunky and limited, but it was eBay's own.

Then PayPal came along (fall of 1999, wasn't it?), and eBay sellers embraced it in droves. So, eBay shut down Billpoint and bought PayPal. Meg apparently thought that "if you can't beat 'um, buy 'um".

I hope that this new eBay managed payments thing is much better than Billpoint.

smokey17033 · ‎10-05-2018

I am not a business, I am a single seller selling items. To me this looks like it is targeted towards a business

They are not very good in explaining the total cost to you as a seller or what they will do with problems. For now I am sticking with Paypal but I am guessing since they sold off paypal, they will be forcing this down our throats eventually.

castlemagicmemories · ‎10-05-2018

Sorry this is late and off topic but congrats on reaching 5,000!

castlemagicmemories · ‎10-05-2018

@myboardid wrote:
Just a note of interest for all of you who think eBay dropped Paypal. It was actually the other way around. Paypal refused to continue their contract with eBay. They want to branch out to other ecommerce sites, and their contract with eBay prevented that.

@myboardid

Very interesting. Do you have a link? I did a search and can find no information that claims this, but plenty of information stating Ebay dropped Paypal. Can you explain why, then, Paypal will be an Ebay option in 2019? It has been presented that to fully test the new system, Ebay had to eliminate Paypal as a processor but that they will integrate it after, in 2019.

oaklandmaryland · ‎10-05-2018

Just remember once you sign up you cannot change your mind and revert to your original type. It is AWFUL.

castlemagicmemories · ‎10-05-2018

@castlemagicmemories wrote:
@myboardid wrote:
Just a note of interest for all of you who think eBay dropped Paypal. It was actually the other way around. Paypal refused to continue their contract with eBay. They want to branch out to other ecommerce sites, and their contract with eBay prevented that.
@myboardid
Very interesting. Do you have a link? I did a search and can find no information that claims this, but plenty of information stating Ebay dropped Paypal. Can you explain why, then, Paypal will be an Ebay option in 2019? It has been presented that to fully test the new system, Ebay had to eliminate Paypal as a processor but that they will integrate it after, in 2019.

I did, however, find this:

https://finance.yahoo.com/news/paypal-coo-ebays-decision-drop-us-good-thing-170833338.html

While PayPal was free to work with marketplaces that rival eBay, PayPal couldn’t offer the same degree of services to other marketplaces.

Also, the current contract runs through 2020. Ebay has not dumped them now as only 5% of sellers, as far as I know, are testing the new system that does not allow payment with Paypal. So the vast majority are taking PP.

Ebay may negotiate a new contract when 2020 comes. It's possible.

castlemagicmemories · ‎10-05-2018

On Wednesday, eBay (EBAY) announced it plans to use smaller European competitor Adyen to process payments on the back-end once its original partnership with PayPal runs out in 2020 — news that initially sent PayPal stock down as much as 8.8% in one day.

Under the original terms of the agreement, eBay uses PayPal as its primary payments provider, meaning that the majority of transactions processed on eBay were processed through PayPal. In exchange, PayPal was restricted in how it works with other marketplaces that compete with eBay. While PayPal was free to work with marketplaces that rival eBay, PayPal couldn’t offer the same degree of services to other marketplaces.

But come July 2020, that will change. Under the new terms PayPal and eBay agreed upon, which will last until 2023, PayPal will be free to work with other marketplaces and offer the same level of payments experience it once offered eBay, therefore potentially processing more transactions. PayPal will still be a payments provider option for eBay, but it won’t be processing certain transactions — transactions that involve entering your credit card information, for instance — as it had previously.

“This was always the plan since PayPal and eBay separated,” Ready emphasized, referring to eBay’s spin-off of PayPal into its own publicly-traded company in 2015.

PayPal reported adjusted fourth quarter 2017 earnings of 55 cents a share on revenue of $3.74 billion — up 26% year-over-year. For the full year of 2018, PayPal forecasts profit of $2.27 per share with revenue between $15 billion and $15.25 billion, compared with analysts’ estimates of $15.16 billion.

It’s also worth noting that while eBay transactions currently account for 13% of PayPal’s overall payments volume, that number is steadily declining, according to PayPal. And while eBay’s revenue from marketplaces continue to grow by 4%, that number is downright anemic when compared to median growth of marketplace competitors, which are growing at a 50% year-over-year clip.

Which is to say, this latest chapter in eBay and PayPal’s separation is a significant one, but not the harbinger of doom for PayPal that some media have made it out to be.

castlemagicmemories · ‎10-05-2018

Ebay's new contract with Paypal runs til 2023, earlier I said 2020 and that they may negotiate a new contract. Apparently they have already done so.

myboardid · ‎10-05-2018

Castle - I didn't bookmark the place where I read that it was Paypal that wanted out of the current contract, but I'm thinking it was either in Paypal's quarterly report a few quarters back, or else in one of the internet market reporting services, possibly Ecommercebytes or Internet Retailer, but I'm not sure.

As to eBay still being able to use them later, all they have to do to make that possible is to negotiate a new contract with different terms. That could happen at any time, whenever they are both ready.

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Successful and experienced seller since 1997, over 70,000 feedback, boardie since the boards were begun.

hioctane62 · ‎10-05-2018

Since this new payments system has been live for about a week, I'd be curious to hear from any sellers using the new system regarding how sales are going, as well as any communication they may have had from buyers. Anyone?

Ebay may be able to ram this down sellers throats, but buyers will decide if it works or not.

bubbleman2010 · ‎10-06-2018

I monitor one of the bigger cheerleaders sales their 90 day average pre new payment was 2.5 transactions a day. New payment program its now 1.14 per day....

ersatz_sobriquet · ‎10-06-2018

@bubbleman2010 wrote:
I monitor one of the bigger cheerleaders sales their 90 day average pre new payment was 2.5 transactions a day. New payment program its now 1.14 per day....

Hi bubbleman!

Half of the buyers abandoning the item when they find out they can't use paypal sounds about right to me.