eBay stock to take a huge hit as sellers abandon the site in protest

[a1_surplus_sales]

We have all heard eBay promises and guarantees about how well their latest change is going to work. The real truth is that eBay is going to take a MAJOR HIT on the market as SELLERS abandon the site over protest.

Our companies have been on eBay since the week they started up. We did hundreds of thousands of dollars worth of business and initially loved the eBay and Paypal combination.

Then eBay started to change drastically, always for the worst.

Today Paypal is worth THREE TIMES what eBay is valued at. That will give you an idea about who people like.

I can only say now, after so many years, that I personally HATE eBay and LOVE Paypal.

No, Paypal is NOT going to be available on eBay in the future. The details are becoming clear as we hear the truth from sellers. Sellers are FORCED to give their personal banking info to the foreign company and then loose total control of their money. There is a huge delay before being paid, and no way to find out WHY.

Read the seller feedback. It's ALL NEGATIVE. Oh, and once you sign up for managed payments, you can NEVER opt out or retract. You are forever stuck with it. eBay has removed the contract line that says you can opt out.

Typical for eBay, you have NO OPTIONS. Sign up or close your account(s).

We did the later. We closed ALL of our eBay accounts that have existed since the 90's. Goodbye eBay and good riddance.

[southern*sweet*tea]

Buyers can still pay with Paypal as usual.

Sellers leave, other sellers take their place.

So much misinformation there....I'm just gonna shut my mouth.

[vkjfau-0]

Here are a few clues about a couple minor details about stocks that many, many people are completely unaware of...

• A stock is not actually connected directly to the company it represents.  Much like the price of a barrel of crude is not related to the price of gasoline at the pump, same thing.
• Stocks increase / decrease in value strictly due to supply and demand.
• A stock can increase in value while it's real world counterpart is going bankrupt, and vice versa.
• The value of a stock does not affect that company's business checking account balance.
• The only thing that ultimately affects the value of a stock is public sentiment.
• Bad/Good news do not affect stock value, they affect public sentiment.
• Stocks can rise/fall in value based on bad/good news either way, rise bad good and fall are all unrelated, because believe me if it were like you think we could all predict the way a stock is going and I certainly wouldn't be typing this.

People THINK that stock XYZ is good because they have purchased at store XYZ in real life and their experience there was good, but again the stock's value is not connected to that store's electric bill... It's not connected to anything of that store in any way other than by name.

Stocks in fact are no better than bitcoin.

Paper money, value of which is held in place by how many people have thrown their money at it.

The later investors pay for the profit gains of the earlier ones.

Everything and anything else you've ever believed about stocks is probably smoke and mirrors.

[wesk_36]

I am surprised at how ebay stock has spiked in the last month.

I don't think ebay cares if anyone stops selling, they become a statistical number, people quit selling, others open selling accounts, round and round. We're just numbers on a spreadsheet.

As far as I know, paypal is an option for sellers in managed payments.

I don't like the idea of managed payments either, but I sell silver coins and collectibles so if ebay doesn't get their act together soon and allow sales of bullion in managed payments, and I am "opted in", I will simply be another statistic that will close my account.

[fern*wood]

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@a1_surplus_sales wrote:

...I can only say now, after so many years, that I personally HATE eBay and LOVE Paypal...

I've been pretty whiny about managed payment too, but so far, paypal hasn't presented any of my items for sale and ebay has.   So, as long as someone sends me money, I need ebay more than paypal.

BTW:  I doubt you can end this account, since items are still listed and something sold yesterday.  It will be awhile before it can be closed.

[a_c_green]

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@wesk_36 wrote:

I am surprised at how ebay stock has spiked in the last month.

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To be specific, over the past 30 days it was at $41.58 as of May 13, rising steadily to almost $50 on June 4 ($49.36) and June 9 ($49.75). At close of business yesterday, it was at $47.66.

Ref: https://www.google.com/search?q=ebay+stock+price+history (Select the 1 Month tab)

[dhbookds]

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@wesk_36 wrote:

I am surprised at how ebay stock has spiked in the last month.

They increased guidance......meaning they expect to make more during this quarter/year.......meaning more stuff sold.

I don't think ebay cares if anyone stops selling, they become a statistical number, people quit selling, others open selling accounts, round and round. We're just numbers on a spreadsheet.

As far as I know, paypal is an option for sellers in managed payments.

Paypal will be an option for BUYERS to use, but money goes to MP, not a paypal account........sellers will access their $ thru MP to transfer it to their bank account.

I don't like the idea of managed payments either, but I sell silver coins and collectibles so if ebay doesn't get their act together soon and allow sales of bullion in managed payments, and I am "opted in", I will simply be another statistic that will close my account.

They have said, no one who sells coins/bullion will be opted into MP until MP can handle it.......those sellers will still be able to use PP until it happens.........

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[upgradedendmills]

I am not a fan of MP in any way. Haven't 100% decided rather to participate in the program or stop doing eBay. Calling seller feedback about it "ALL NEGATIVE" is a lie and unproven. Some sellers here have stated that they actually like it.  Do as you please, but please don't try to get others on a bandwagon just because you don't like it.

[mcdougle4248]

@a1_surplus_sales 

I am a seller in MP and have no issues.  My feedback is positive.  So, you are wrong about ALL sellers having negative feedback.

No one ever forces me to do anything.  I make my choices and deal with the consequences.  So, I was not forced to enter MP or provide the required items to do so.  It sounds like you have made your choice with regards to MP and I respect that.

FYI  You forgot to end the items and close the account for the ID you posted with.

[wesk_36]

They have said, no one who sells coins/bullion will be opted into MP until MP can handle it.......those sellers will still be able to use PP until it happens.........

That's good. Then maybe I should hope that ebay never gets it figured out, LOL!

[marnotom!]

People seem to forget or just don’t know that PayPal wasn’t really on anybody’s radar when eBay first started.  The initial electronic payment facilitator on this site was Billpoint, which was at first a partnership with Wells-Fargo before eBay took it over completely.

My wife and I used Billpoint for our sales because PayPal wasn’t an option in Canada at the time.  Once PayPal became an eBay company and Billpoint was shuttered, we were forced to choose between using PayPal or leaving eBay.  We’d heard a lot of scary things about PayPal, particularly around payment reversals, and we were leery.

But you know what?  We did our homework and figured out that the reason most people got into trouble with PayPal was because it was a new way of doing business and it was a steep learning curve.  We continued to figure out PayPal, adapt to it, and how to use it to its best advantage, and our sales remained solid, if not improved.

I suspect a lot of sellers are going through our “PayPal angst” but with MP rather than PayPal.  Change can be difficult, but the best way to cope with it is by educating oneself with reliable information from non-fake sources, not by spewing vitriol.  If one understands the ways of their foe, one can deal with them much more rationally.  No aluminum foil for headgear required.

[divwido]

What eBay doesn't seem to realize is many sites would welcome you with open arms. They are profiting by sellers leaving eBay.

[mtgraves7984]

I opted into MP last Fall. Approached it like I heard Eastwood advise... "Improvise, Adapt, Overcome." So far, so good.

[parkersparrow]

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@marnotom! wrote:

People seem to forget or just don’t know that PayPal wasn’t really on anybody’s radar when eBay first started.  The initial electronic payment facilitator on this site was Billpoint, which was at first a partnership with Wells-Fargo before eBay took it over completely.

My wife and I used Billpoint for our sales because PayPal wasn’t an option in Canada at the time.  Once PayPal became an eBay company and Billpoint was shuttered, we were forced to choose between using PayPal or leaving eBay.  We’d heard a lot of scary things about PayPal, particularly around payment reversals, and we were leery.

But you know what?  We did our homework and figured out that the reason most people got into trouble with PayPal was because it was a new way of doing business and it was a steep learning curve.  We continued to figure out PayPal, adapt to it, and how to use it to its best advantage, and our sales remained solid, if not improved.

I suspect a lot of sellers are going through our “PayPal angst” but with MP rather than PayPal.  Change can be difficult, but the best way to cope with it is by educating oneself with reliable information from non-fake sources, not by spewing vitriol.  If one understands the ways of their foe, one can deal with them much more rationally.  No aluminum foil for headgear required.

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Exactly, I just watched something on youtube about  how paypal got started. It said when ebay first introduced paypal as a payment option there was a lot of pushback, they even had to "bribe" people by giving them $20 to use it. 

[myescape]

People generally come to discussion boards when they are having an issue,those that don't generally don't so the situation comes across as negative

Heck people in general are more apt to talk about when things go wrong not when things are going fine