eBay's Managed Payments?

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Paladin
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eBay's Managed Payments?

Postby Paladin » Thu Aug 15, 2019 9:12 pm

I have been getting emails and messages from eBay and encouraging me to sign up for 'managed payments'.
Today's message makes it sound like it will be mandatory. There are fees involved so it may be just another money grab by eBay.
Anybody have a clue what this is all about?

Ray
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cudgee
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Re: eBay's Managed Payments?

Postby cudgee » Thu Aug 15, 2019 9:24 pm

I have no idea!!! But, like you , very interested to hear from any members who do know what this is all about. ::tu:: ::hmm::

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Re: eBay's Managed Payments?

Postby XX Case XX » Thu Aug 15, 2019 9:35 pm

I haven't heard anything about it. I'm on eBay almost every day and buy stuff frequently. I wonder if it only concerns people with an eBay store. ::shrug::

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Re: eBay's Managed Payments?

Postby cody6268 » Thu Aug 15, 2019 10:10 pm

I think they were planning on phasing out PayPal in favor of "managed payments" in 2020. The buyer protections PayPal has probably means when PayPal goes, I go.

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Re: eBay's Managed Payments?

Postby just bob » Thu Aug 15, 2019 10:16 pm

Dear Seller:

Our records indicate you have been previously invited to managed payments - eBay’s simplified seller experience to sell and get paid. Based on our review of your account, the features and tools you use on eBay are fully compatible with managed payments. To benefit from the new payments experience early, register at ebay.com/paymentsregistration. All eBay sellers will progressively be required to transition to managed payments in the coming months.

Managed payments offers more ways for buyers to pay with credit, debit and gift cards, Apple Pay, Google Pay, PayPal and PayPal Credit. Payouts will be automatically deposited to your bank account. Sellers receive consolidated reports, simplified seller protections, one monthly bill for all fees, and access to dedicated customer support. New features include a single unique number from order initiation to payout, and the ability to issue partial or full refunds to buyers, directly on eBay or via a third-party platform. Sellers who have already joined report high satisfaction and recommend managed payments to other sellers. To learn more about managed payments, visit ebay.com/payments.

Signing up now will allow you to choose the best time to join for your business, and avail of any existing promotions. These include the Summer Sign Up program available till August 31, 2019 and the $0 per listing payments fee through September 30, 2019. Please check your email account or Messages on My eBay for more details.

Register for managed payments at ebay.com/paymentsregistration.
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Re: eBay's Managed Payments?

Postby XX Case XX » Thu Aug 15, 2019 10:23 pm

cody6268 wrote: The buyer protections PayPal has probably means when PayPal goes, I go.

According to what I just read on a "Google" search, Pay-Pal will still be available for buyers/sellers to use at least until July 2023.

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Re: eBay's Managed Payments?

Postby TripleF » Thu Aug 15, 2019 11:50 pm

Paladin wrote:I have been getting emails and messages from eBay and encouraging me to sign up for 'managed payments'.
Today's message makes it sound like it will be mandatory. There are fees involved so it may be just another money grab by eBay.
Anybody have a clue what this is all about?

Ray


I haven't looked deep and am not going to because they seem so persistent....I'm like back down people, I got my own sheet!!
I have accidentally bought from people who have converted and you must use a credit card to pay.
99%of the time when I purchase on ebay I use the funds in my Paypal account or Paypal credit....I don't want it on my cc.

It's ebay making more money and being in charge of every step.....we'll see what happens....

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Re: eBay's Managed Payments?

Postby XX Case XX » Fri Aug 16, 2019 1:36 am

TripleF wrote:I have accidentally bought from people who have converted and you must use a credit card to pay.

I guess the next time I want to buy something on eBay, I'll have to make sure they accept Pay-Pal first. Thanks for the heads-up Scott. I didn't know some sellers had already changed over. ::nod::

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Re: eBay's Managed Payments?

Postby Sharpnshinyknives » Fri Aug 16, 2019 1:40 am

I remember a year or two ago when EBay announced their plans to diversify payments. eBay started Paypal and still owns a certain percentage of the stock. Since they spun Paypal off several years ago, they are going to make it possible to take other forms of payment than just Paypal, so it’s a good thing, since you as a seller don’t have to be signed up with all the card companies individually. eBay will facilitate the transactions for you and will direct the payments into whatever account you want.
I haven’t signed up yet just because I figured I would need to know routing numbers and account numbers for the payment to be made to my account and I don’t have them handy. It also sounds like they will also bill you once a month for fees and commissions.
I followed this story because I bought stock in Paypal when they spun it off and I follow the news around the stock. By the way, Paypal’s Stock has gone up over 400% since the spin off. This change from eBay was viewed as a threat to Paypal and the stock dipped briefly but recovered nicely.
Sorry for the overload of information.
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Re: eBay's Managed Payments?

Postby Lansky1 » Fri Aug 16, 2019 2:00 am

I liked Paypal and hope as a seller, you can still request paypal ONLY as your means of payment (I doubt this will be an option as it would go against the whole point of the managed payment idea). Reason is it's a revolving knife fund for me - sell a few knives, pay for other knives using those profits via the paypal account. Mandating I accept eBay payments to my personal bank account means knife money will get mixed in with the usual bank account stuff - if they mandate that, I will probably have to open a dedicated eBay bank account - what a ::facepalm:: hassle...
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Re: eBay's Managed Payments?

Postby TripleF » Fri Aug 16, 2019 10:03 am

Lansky1 wrote:I liked Paypal and hope as a seller, you can still request paypal ONLY as your means of payment (I doubt this will be an option as it would go against the whole point of the managed payment idea). Reason is it's a revolving knife fund for me - sell a few knives, pay for other knives using those profits via the paypal account. Mandating I accept eBay payments to my personal bank account means knife money will get mixed in with the usual bank account stuff - if they mandate that, I will probably have to open a dedicated eBay bank account - what a ::facepalm:: hassle...



Ditto!!

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Paladin
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Re: eBay's Managed Payments?

Postby Paladin » Fri Aug 16, 2019 11:17 am

TripleF wrote:
Lansky1 wrote:I liked Paypal and hope as a seller, you can still request paypal ONLY as your means of payment (I doubt this will be an option as it would go against the whole point of the managed payment idea). Reason is it's a revolving knife fund for me - sell a few knives, pay for other knives using those profits via the paypal account. Mandating I accept eBay payments to my personal bank account means knife money will get mixed in with the usual bank account stuff - if they mandate that, I will probably have to open a dedicated eBay bank account - what a ::facepalm:: hassle...



Ditto!!

And ditto!

Ray
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Please visit my store SWEETWATER KNIVES
"Buy more ammo" - Johnnie Fain
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