eBay managing payments

[dantzig]

So I guess some of you know that eBay now wants to manage payments, which is "supposed" to have more smooth transactions between buyers and sellers. This is mandatory and deadline to me was until yesterday.

However, reading this, I don't see how this helps sellers at all (and I'm both buyer and seller on ebay)... In my case:

• They are holding payments until ebay "god almighty of sales" release them by their own will;
• I don't want ebay to even know my bank account and surely don't want them to meddle with it, neither my IDs or other things they don't have to know... they already have the necessary info for sales, they already tax everything they want;
• Pretty sure they are at least maintaining the high fees they already charge, besides some new ones that are just ludicrous;

So if someone can tell me reasons why I should keep selling on ebay, please let me know. Thanks

 

[chriswiggy]

So I guess some of you know that eBay now wants to manage payments, which is "supposed" to have more smooth transactions between buyers and sellers. This is mandatory and deadline to me was until yesterday.

However, reading this, I don't see how this helps sellers at all (and I'm both buyer and seller on ebay)... In my case:

• They are holding payments until ebay "god almighty of sales" release them by their own will;
• I don't want ebay to even know my bank account and surely don't want them to meddle with it, neither my IDs or other things they don't have to know... they already have the necessary info for sales, they already tax everything they want;
• Pretty sure they are at least maintaining the high fees they already charge, besides some new ones that are just ludicrous;

So if someone can tell me reasons why I should keep selling on ebay, please let me know. Thanks

I'm staying with eBay because IMO it's the best place to buy and sell football cards and stickers. I preferred to get payments immediately via Paypal but, so far, my payments from buyers have arrived in my bank account within two working days. I post items before payments arrive in my account and I haven't had any problems yet. Ebay recently automatically signed me up for their Global Shipping Programme (GSP). I opted out of that immediately because I prefer to control my own postal habits, even if it costs me more money. I also want to support my local post office, including giving them some overseas business at higher rates than the GSP. Ebay have also communicated that, from 1 July, they will enrol me into the International One Stop Shop (IOSS) whereby VAT on goods sent to EU countries will be collected by eBay, as it currently is for purchases made by UK buyers from overseas sellers. I shall be opting out of that scheme which probably means I won't sell anything to EU buyers after 1 July. I rarely sell to EU buyers anyway and I think the IOSS is aimed at business sellers, not hobby sellers like me. I agree that, since 1 January, we have entered a period in which eBay is trying to exert more influence over our selling practices. For those of us in the UK, it's partly, but not entirely, connected to Brexit. Unfortunately for me, I am trying to downsize my collection so I need eBay to do that. But if they try to enforce more regulations on me, I shall probably look at other ways to sell - or just keep everything and let my heirs sort it out when I've gone!

 

[FCWORLD]

I've been using managed payment since about last August I think it and despite early doubts it has been overall okay once you get used to it and into the routines. Obviously there are downsides as well.

As a business seller on there it is a pain waiting for money and now its gone from paying into my bank 5 times a week to 4 times a week, this happened in April when eBay started taking all the fees direct from customer payments which on the one hand saves me having an expensive bill at the end of the month but on the other hand it reduces the amount I get paid and when its Bank Holiday I get nothing on the Bank Holiday Monday or the Tuesday so only 3 payments during those weeks.

 

[dantzig]

@chriswiggy @FCWORLD thank you both for your feedback.

I'm staying with eBay because IMO it's the best place to buy and sell football cards and stickers. I preferred to get payments immediately via Paypal but, so far, my payments from buyers have arrived in my bank account within two working days. I post items before payments arrive in my account and I haven't had any problems yet. Ebay recently automatically signed me up for their Global Shipping Programme (GSP). I opted out of that immediately because I prefer to control my own postal habits, even if it costs me more money. I also want to support my local post office, including giving them some overseas business at higher rates than the GSP. Ebay have also communicated that, from 1 July, they will enrol me into the International One Stop Shop (IOSS) whereby VAT on goods sent to EU countries will be collected by eBay, as it currently is for purchases made by UK buyers from overseas sellers. I shall be opting out of that scheme which probably means I won't sell anything to EU buyers after 1 July. I rarely sell to EU buyers anyway and I think the IOSS is aimed at business sellers, not hobby sellers like me. I agree that, since 1 January, we have entered a period in which eBay is trying to exert more influence over our selling practices. For those of us in the UK, it's partly, but not entirely, connected to Brexit. Unfortunately for me, I am trying to downsize my collection so I need eBay to do that. But if they try to enforce more regulations on me, I shall probably look at other ways to sell - or just keep everything and let my heirs sort it out when I've gone!

You have a clear advantage, which is having a great domestic market and always get payments in GBP. In my case, I rely on every market to get customers and obviously have to compete with all world. Plus the currency, where most foreign buyers prefer to pay in GBP or USD, which is not good for me if ebay just wants to transfer those funds into my Euro account (much better to leave them in my Paypal account and just use them for my GBP/USD purchases).

And don't get me started with the VAT thing, to me it's just a double tax from both origin and destination customs.

I've been using managed payment since about last August I think it and despite early doubts it has been overall okay once you get used to it and into the routines. Obviously there are downsides as well.

As a business seller on there it is a pain waiting for money and now its gone from paying into my bank 5 times a week to 4 times a week, this happened in April when eBay started taking all the fees direct from customer payments which on the one hand saves me having an expensive bill at the end of the month but on the other hand it reduces the amount I get paid and when its Bank Holiday I get nothing on the Bank Holiday Monday or the Tuesday so only 3 payments during those weeks.

Taking out the fee immediately from the sale itself is a good thing indeed, I don't mind that and definitely prefer to a monthly pay, but definitely don't like them to decide WHERE I should deposit the sales money.

Still not completely sure about this ebay imposition. I know it has a lot to do with the ongoing EU vs UK vs USA feud, where each party wants to protect themselves as best as possible (which is always bad for the usual "small fry" like us) and I'm not that picky with data protection for every single thing, but still not comfortable with these situations.

In the end, I may enroll for this, as ebay is indeed a good way to sell what I don't need anymore, but it's not by free will... it was supposed to be until the 18th, now until 25th... will delay as long as possible, probably not more than July 1st where significant rules change in EU imports.

 

[DecjeNovineFan]

i keep my paypal till paypal will be on ebay, i tell them bunch of lies to get that , but i made it and keep paypal after my date is pass 20 days ago, i think at least next year paypal will be on ebay so im safe for one year or little less, just call them and lie to them ... also on paypal and ebay we have around 16% fees total now they charge sometime something call international fees , yes they do that ))) but im not sure did they do that for every sold auction for sellers out usa, my friend send me screen shot with that fees i think 1,6% so basically fees can go up to 20% and then yes now our countrys can charge us taxes ebay already charge on us , so basically if my country wich have worst tax system in world probably charge me tax total fees can go up to 52% hahahhha who will sell something with 52% fees , till now Croatia dont push us with paypal but now with this sht no one knows what will happend next year when they charge taxes special for sellers who sell alot per year, if they charge that taxes probably i will not sell anymore after they turn off paypal

 

[HannaYisa]

Hey there! I know this post is a bit old, but I was searching for some similar information and stumbled upon it. I totally understand your concerns about eBay's new payment system.

 

[dantzig]

Hey there! I know this post is a bit old, but I was searching for some similar information and stumbled upon it. I totally understand your concerns about eBay's new payment system.

My concerns were mostly in the past, nowadays I don't even check if they are overcharging something, just get a monthly payment (my decision), deposited on the same day they issue the payment and that's it... I don't think there's also charges when selling in USD/GBP and converting to EUR (last time I checked, conversions were done at current market rates).

Still think ebay should allow other payment than bank transfer but I'm fine with this now.

 

[DecjeNovineFan]

My concerns were mostly in the past, nowadays I don't even check if they are overcharging something, just get a monthly payment (my decision), deposited on the same day they issue the payment and that's it... I don't think there's also charges when selling in USD/GBP and converting to EUR (last time I checked, conversions were done at current market rates).

Still think ebay should allow other payment than bank transfer but I'm fine with this now.

i sell inside EU, on ebay.it they charge me 5% fees when i sell there, on ebay.de they charge 10% if i sell on ebay.com they charge me 23% fees plus adds if i pick it like 2% so total can be up to 25%

 

[LeicesterRob]

Interesting as here in UK I get my money paid within hours on eBay, normally 5am next day straight into bank account minus the fees

I've been tidying my collection up these past two years as I had far too much excess so using eBay has been very good. I've had a couple of disasters (which I honoured of course) but most auctions have done well enough to claw back some of the expenditure

Plus I time my listings to go live when they have a fees offer which is normally every two weeks

With that being said the viewings and bids have dropped off a cliff since Christmas so I may park my tidy up for a while with the exception of running a few more auctions to align with company bonuses being paid out in May/June of course!

Overall there is only one winner on eBay and it's eBay!