mam98031 • Volunteer Community Member • Buyer/Seller since 1999
@papermoneyforme wrote:
@mam98031 wrote:
@papermoneyforme wrote:
@mam98031 wrote:
@divwido wrote:
What eBay doesn't seem to realize is many sites would welcome you with open arms. They are profiting by sellers leaving eBay.I think that is completely untrue. I think Ebay is abundantly aware of who is and isn't competition out there. There are some niche sites that tend to do very well and others not so much. But a site with the variety of items that this site offers there is no site with this type of traffic.
Ebay has said that they absolutely expect some seller to leave the site because they don't want to go into MP. So the reports that they are unaware are significantly over stated.
Much of what the OP claims is inaccurate at best and exaggerated for sure.
Each seller has to decide what is best for them. To stay or go. But I keep advocating for doing this with the CORRECT information about MP, not the gossip and assumptions of some posters that are clearly angry with Ebay which colors their ability to evaluate the facts. Be informed on the actual facts and then make the best decision you can for your business. To do less is irresponsible and you may end up hurting yourself financially because of it.
Now if we could only get the actual facts prior to being railroaded in so we can make an intelligent decision for ourselves based on those facts.
Oh believe me I couldn't agree with you more. I've spent a lot of time trying to get accurate information on a dozen or so outstanding questions I have. It has been weeks literally weeks that I've been trying for the information.
Ebay apparently did not have all the policy pages for MP updated with all the rule changes coming in July. So they have been working on that instead of sharing information and until they are done, they won't say much. It is my understanding this is going to change next week. But I do not know for sure if they will really be ready.
On the MP board I have a list of what I consider outstanding questions. So if you have done the registration process, you can ask for permission to get into that board and see the thread. Keep in mind that registering does NOT put you into MP sooner. If you have been told you are going into the program in July, registering now will NOT change that.
I won't be asked in for a while as I am in Canada and list on .ca and .com, but I need to know in advance if listing on 2 sites will still be alloed, if Can $ can be deposited to my Canadian account, and US dollars deposited to my US account under my Canadian ID.
If I move my US listings to this ID which is registered in the US what they will say when they ask me for my SSN which I obviously do not have.
And so forth and so forth.
Ebay is only doing the easy part seller lives in same country they list on and $ deposited to same country bank account.
That should not have taken 2 years to get right!
Anything more complicated than the basics, Ebay does not have a clue how to handle it.
I also need to know what happens to stores as far as cancelling without penalty if you opt not to go into managed payments and even if they will allow listing in 2 Ebay sites under 1 ID as I certainly won't pay their inflated conversion fees for money going in and going out.
This is some of the information I need prior to opting in and personally, Ebay does not have a clue about any of this at this time.
Your making some assumptions that are incorrect.
Ebay could NOT move more sellers into MP. They have been under contract with PP since June of 2015 when they split and the contract ends this month. But part of that contract limited Ebay's ability to have ANY other method of funding a payment on Ebay other than PP for all those years. So that is why Ebay has taken this slowly. The HAD to by contract. This year they could have no more than 10% of their site sales processed by any other method other than PP.
So now they will soon be free of those restrictions which is why this July entry is likely pulling in a whole lot of sellers.
I'm not sure how you define an "easy" seller but that likely would be any seller that sells in a category in which MP supports at this time. As for other countries. Ebay has to make sure they adhere to those countries rules and laws to before pulling those sellers in. You'd have to check with Ebay on that timeline. My focus is on US sellers.
"Anything more complicated than the basics, Ebay does not have a clue how to handle it." That statement comes from you no knowing all the facts. Some of which I shared above. So I don't believe this statement is correct and just an assumption without some of the facts.
"I also need to know what happens to stores as far as cancelling without penalty if you opt not to go into managed payments..." Dang I don't remember the thread that got answered on, but it did get answered somewhere. Ebay does not intend on doing this because Ebay has told us for over 2 years this day was coming that we would enter MP. Sellers should not renew a yearly subscription when their renewal date rolls around and just move to a month to month until they decide for sure which direction they are going to go. I see their point. This hasn't been a secret, but I also see the seller's points when they don't know long enough in advance when their entry date is. Maybe Ebay will entertain more conversation on this, but IDK.
"...and even if they will allow listing in 2 Ebay sites under 1 ID as I certainly won't pay their inflated conversion fees for money going in and going out." I have been told on the MP boards that Ebay does NOT allow any international buyer to pay a seller on the US site with anything other than US funds, so it would not apply to the US site.
@oaklandmaryland wrote:
the spike makes perfect sense as the stores were closed and everyone home. So they shopped lots on Ebay. It won't continue though since the States are opening up.
I have a little different opinion on this. While I agree with you that as stores open back up people will get excited to get out and about and we will likely see some decreases in shopping for a little bit. But I think we have a new normal coming our direction.
I think we had all kinds of people shopping online while we are in this pandemic that never really did a lot of shopping online before. And I'd bet many of those people started to see the benefits of shopping for many different things online that they never thought to do before. So my guess would be we have far more potential buyers right now than we have ever had.
Also along with some peoples shopping behaviors changing while in the stay home mode, I think it will start to carry over for their future habits too. As fall approaches and the holidays coupled with round 2 of the virus, I think we could have a good winter as online sellers as people will try to keep their risk of contracting the virus down as much as they can and they will continue to shop online for as much stuff as works for their lifestyles.
So while we may slow down a bit in the next couple months, I think the fall and winter might just be a good time to be an online seller. FINGERS CROSSED!!!!!
@mvls1 wrote:Mostly incorrect.
Stocks are absolutely connected to underlying business, but also many things currently occurring in their industry as well as future outlook.
Stocks values change based on many factors some of which are current earnings, future projected earnings, their market sector future outlook, current US/Worldwide economic outlook, future US/Worldwide economic outlook, extraneous event such as COVID 19 that impact markets, Federal Reserve policy and several other things.
Later investors absolutely do not pay for any dividends paid to share holders of the underlying stock. Those are paid by the company from their business earnings.
Increases or decreases in the stock price of any companies stock is generally caused by underlying factors outlined above.
Investors as a whole are quite savey and the markets are usually very good at predicting our economy going forward 6-12 month out. Right now, the markets are saying things will continue to improve through the end of the year and into the first quarter of next year. This is good for all Americans.
All stocks aren't created equal either. Posters often like to compare Ebay stock to Amazon stock. It isn't quite that simple. And as you say there are so many factors that go into it as well. Even more than you outline above. It is a complex subject. BUT you can't always accurately compare one stock to another.
For example, Amazon has less outstanding stock than Ebay does. Ebay has issued somewhere around 4x as much stock as Amazon has. So if my memory is serving be correctly that is a 4 to 1 ratio.
