I vote you as the new spokesperson for ebay, I dont think i have ever seen anyone as pro ebay as you. I know you do well there and thats great, I am really happy for ya. I use ebay quite regularly too, becuase the area Im in, I got cheap folks that come in the shop and wan tto pay little of nothing for stuff.
@amwldcoin said:
I think there is something folks are missing. It could end up being a good thing. The fee mentioned above is the total fee including the payment processing...which is cheaper than it is now if ebay doesn't raise the final value fees. The other positive is for the time being(as it was told to me) is you get all your fees back on a return. I still don't like the fact that ebay is chasing the Amazonian platform.
I'm currently paying 6% FVF on coins with a basic ebay store plus 2.9% with paypal. Unless I can keep that with managed payments why would I switch?
No Way Out: Stimulus and Money Printing Are the Only Path Left
@amwldcoin said:
I think there is something folks are missing. It could end up being a good thing. The fee mentioned above is the total fee including the payment processing...which is cheaper than it is now if ebay doesn't raise the final value fees. The other positive is for the time being(as it was told to me) is you get all your fees back on a return. I still don't like the fact that ebay is chasing the Amazonian platform.
I'm currently paying 6% FVF on coins with a basic ebay store plus 2.9% with paypal. Unless I can keep that with managed payments why would I switch?
Coins and paper money are currently on the list of prohibited items for Managed Payments. As we move towards processing payments for our sellers, we enter into a heavily regulated environment when partnering with your financial institutions.
Due to regulations, we are unable to accept and process sales for coins and paper money. However, we are working with the financial institutions to clear these restrictions while being compliant with regulations.
In the meantime, we may look to keep you on the current payment processing with PayPal to ensure you don't experience any business interruptions.
We will look to have the majority of sellers moved to Managed Payments by the end of 2020. If you receive an invitation while coins and paper money is still on the prohibited items list, please feel free to reach out further assistance.
I've been surfing around reading as much on this as I can find and don't see this being anyway positive for sellers. I will be canceling my eBay store and removing all listings this month. eBay was great 10+ years ago as one of the only viable platforms for selling on your own... As stated there's other listing options with more affordable associated fee and preferred payment options.
To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
@amwldcoin said:
I think there is something folks are missing. It could end up being a good thing. The fee mentioned above is the total fee including the payment processing...which is cheaper than it is now if ebay doesn't raise the final value fees. The other positive is for the time being(as it was told to me) is you get all your fees back on a return. I still don't like the fact that ebay is chasing the Amazonian platform.
I'm currently paying 6% FVF on coins with a basic ebay store plus 2.9% with paypal. Unless I can keep that with managed payments why would I switch?
You don't have any choice. Everyone is being switched in the back half of the year.
The current fee structure for all categories but coins is the current rate + 2.35% for payment processing. So, the base rate is effectively lower. Now, they are charging that rate on everything, including sales tax, so results will vary depending on what the sales tax rate is, but most fees will probably end up being cheaper. The 10% sales tax states probably will not.
On a $1000 item, for example, you are going to be paying 6.15% (current coin rate with store) on the 8% sales tax which adds $4.92 in new fees. But you save 0.55% on the cheaper payment processing which is $5.50.
On the other hand, for the same $1000 item in a 10% sales tax state (and there are a couple), you are going to be paying an extra $6.15 in new fees and still only saving $5.50 on the payment processing.
Overall, you should pay less.
The problem is coins appear to still be a restricted category that can't be used with managed payments.
@Broadstruck said:
I've been surfing around reading as much on this as I can find and don't see this being anyway positive for sellers. I will be canceling my eBay store and removing all listings this month. eBay was great 10+ years ago as one of the only viable platforms for selling on your own... As stated there's other listing options with more affordable associated fee and preferred payment options.
I read everything and I see a lot of the usual panic. The total fees are cheaper except in 10% sales tax states. There's no downside for 90% of eBay sellers EXCEPT, possibly, coin sellers and adult material sellers and auto sellers because they haven't figured out what to do about the "restricted categories".
I don't see any sites out there with better payment options. It's 2.5-3% everywhere. And your customers want ease of payment which managed payment gives them. They can use dozens of different payment methods.
After 20+ years of ebay's improvements that never improve anything, I am done selling.
If they get to a point that they do not accept PayPal for buying I will never buy again.
If they keep PayPal for buyers to pay they could also keep it for sellers.
I'm sure my buying will be drastically reduced because I will not be on the site as much.
I will not sign up with Ayden.
While good sellers of coins may have to take a break until ebay figures everything out the counterfeits from China will still be listed....they will just list them in "Home Decor"
Ebay has had at least 2 years to plan for this and yet they tell everyone....wait and see....we are trying hard....we hope to have things worked out soon. What has their IT department been doing for the last 2 years? Oh wait, I know the answer....they have been making improvements that won't matter and will be changed with the new roll out.
I would also expect that after they get everyone on Ayden and PayPal is no longer an option you will see lots of fee increases.
Ebay has become like Pen Island and I am tired of them ramming it down my throat.
Edited to add so I don't go to jail or get banned:
Pen Island is one of several uninhabited Canadian arctic islands in Nunavut, Canada located within southwestern Hudson Bay, it is part of the Pen Islands.
@tincup said:
Exonumia is a subset of "Coins and Currency" category on ebay... so probably will not let you avoid the restriction.
Actually it's not....it's a subsection of "collectibles"
While one may get around the listing prohibition it does not ensure one will have the benefit of ebay protection once ebay realizes what they are being asked to cover a loss on.
No Way Out: Stimulus and Money Printing Are the Only Path Left
@tincup said:
Exonumia is a subset of "Coins and Currency" category on ebay... so probably will not let you avoid the restriction.
Actually it's not....it's a subsection of "collectibles"
While one may get around the listing prohibition it does not ensure one will have the benefit of ebay protection once ebay realizes what they are being asked to cover a loss on.
It's a silver "collectible" medallion
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@ifthevamzarockin said:
After 20+ years of ebay's improvements that never improve anything, I am done selling.
If they get to a point that they do not accept PayPal for buying I will never buy again.
If they keep PayPal for buyers to pay they could also keep it for sellers.
I'm sure my buying will be drastically reduced because I will not be on the site as much.
I will not sign up with Ayden.
While good sellers of coins may have to take a break until ebay figures everything out the counterfeits from China will still be listed....they will just list them in "Home Decor"
Ebay has had at least 2 years to plan for this and yet they tell everyone....wait and see....we are trying hard....we hope to have things worked out soon. What has their IT department been doing for the last 2 years? Oh wait, I know the answer....they have been making improvements that won't matter and will be changed with the new roll out.
I would also expect that after they get everyone on Ayden and PayPal is no longer an option you will see lots of fee increases.
You can use PayPal through managed payments. It's not either/or. Auden is a much more flexible payment platform that lets the buyer choose dozens of options
@tincup said:
Exonumia is a subset of "Coins and Currency" category on ebay... so probably will not let you avoid the restriction.
Actually it's not....it's a subsection of "collectibles"
Ummm... well maybe we aren't on the same ebay website?? I don't see anything under 'collectibles'.... but sure see it under 'coins and currency'. Perhaps you can show me where? I've listed items many time under the following (but never have seen exonumia under collectibles):
Coins & Paper Money > Exonumia > Medals
Not that it really matters that much; as derryb pointed out "While one may get around the listing prohibition it does not ensure one will have the benefit of ebay protection once ebay realizes what they are being asked to cover a loss on."
Agree...Exonumia is a sub of coins & paper money. I was thinking of the Collectible category which is a category of its own and has a lot of sub categories.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Ebay finally got back with me, and stated to just remain on standard paypal processing until they resolve the restricted categories, as I strictly list in those 2 categories 100%. If i continue to get invites, and messages reminding me to sign up for processed payments, i was told to ignore. Now, as others have said, one day in the near future, it will be manadatory, and if and when that day comes, if they have not resolved the restricted categories , then Im out unfortunately, and will have to either close up my coin business or find a new effective venue. Even though the bst is ok, its not the greatest place for maximum sales.
@jdimmick said:
Ebay finally got back with me, and stated to just remain on standard paypal processing until they resolve the restricted categories, as I strictly list in those 2 categories 100%. If i continue to get invites, and messages reminding me to sign up for processed payments, i was told to ignore. Now, as others have said, one day in the near future, it will be manadatory, and if and when that day comes, if they have not resolved the restricted categories , then Im out unfortunately, and will have to either close up my coin business or find a new effective venue. Even though the bst is ok, its not the greatest place for maximum sales.
Thanks for the update. This is probably the strategy that many of us will be following. I have been ignoring the invites so far and will continue to do so until they resolve the Coins issue...
I have listed one highly overpriced coin in all of my other ebay accounts to hopefully prevent being automatically switched over to managed payments. I'm hoping have a coin listed will prevent this.
These are non-store buying accounts or accounts specifically used for non coin items that sometimes that occasionally receive reduced seller promotion offers. When they appear, I take advantage of these FVF saving promotions by moving listings from my primary selling account. I have enjoyed promotions that provided 50% FVF fees and occasionally a $20 max FVF. Nice to pay a $20 FVF on a $2200 coin.
No Way Out: Stimulus and Money Printing Are the Only Path Left
I vote you as the new spokesperson for ebay, I dont think i have ever seen anyone as pro ebay as you. I know you do well there and thats great, I am really happy for ya. I use ebay quite regularly too, becuase the area Im in, I got cheap folks that come in the shop and wan tto pay little of nothing for stuff.
I think all of us ebayers, including Errors on Coins, are in for a shock that will quickly change our ebay attitude when we are forced into managed payments and are unable to list coins.
No Way Out: Stimulus and Money Printing Are the Only Path Left
@ifthevamzarockin said: @jmlanzaf"a much more flexible payment platform that lets the buyer choose dozens of options"
Agree, and it would seem like super easy check out to do it right on ebay rather than logging in to another site.
Time will tell if it is as good for sellers as it will be for buyers. Wishing everyone all the best for a smooth transition.
Yes, it's a definite advantage for buyers. If they work out the coin problem, it is also probably better for sellers because it is generally a little cheaper. And happy buyers do buy more!
I vote you as the new spokesperson for ebay, I dont think i have ever seen anyone as pro ebay as you. I know you do well there and thats great, I am really happy for ya. I use ebay quite regularly too, becuase the area Im in, I got cheap folks that come in the shop and wan tto pay little of nothing for stuff.
I think all of us ebayers, including Errors on Coins, are in for a shock that will quickly change our ebay attitude when we are forced into managed payments and are unable to list coins.
I don't know. Coins aren't really a big issue from an eBay standpoint, BUT they have some other much bigger ticket items on the restricted list that they are going to be really motivated to find a solution.
I vote you as the new spokesperson for ebay, I dont think i have ever seen anyone as pro ebay as you. I know you do well there and thats great, I am really happy for ya. I use ebay quite regularly too, becuase the area Im in, I got cheap folks that come in the shop and wan tto pay little of nothing for stuff.
I think all of us ebayers, including Errors on Coins, are in for a shock that will quickly change our ebay attitude when we are forced into managed payments and are unable to list coins.
I don't know. Coins aren't really a big issue from an eBay standpoint, BUT they have some other much bigger ticket items on the restricted list that they are going to be really motivated to find a solution.
But coins are a big issue to those on a coin forum. For some it is their bread and butter. Being no longer to sell coins on ebay will impact many coin sellers as well as buyers.
No Way Out: Stimulus and Money Printing Are the Only Path Left
I vote you as the new spokesperson for ebay, I dont think i have ever seen anyone as pro ebay as you. I know you do well there and thats great, I am really happy for ya. I use ebay quite regularly too, becuase the area Im in, I got cheap folks that come in the shop and wan tto pay little of nothing for stuff.
I think all of us ebayers, including Errors on Coins, are in for a shock that will quickly change our ebay attitude when we are forced into managed payments and are unable to list coins.
I don't know. Coins aren't really a big issue from an eBay standpoint, BUT they have some other much bigger ticket items on the restricted list that they are going to be really motivated to find a solution.
But coins are a big issue to those on a coin forum. For some it is their bread and butter. Being no longer to sell coins on ebay will impact many coin sellers as well as buyers.
That wasn't my point. Since they ARE motivated to find a solution to the big ticket items, I think they will also find a solution to the coin issue.
I vote you as the new spokesperson for ebay, I dont think i have ever seen anyone as pro ebay as you. I know you do well there and thats great, I am really happy for ya. I use ebay quite regularly too, becuase the area Im in, I got cheap folks that come in the shop and wan tto pay little of nothing for stuff.
I think all of us ebayers, including Errors on Coins, are in for a shock that will quickly change our ebay attitude when we are forced into managed payments and are unable to list coins.
I don't know. Coins aren't really a big issue from an eBay standpoint, BUT they have some other much bigger ticket items on the restricted list that they are going to be really motivated to find a solution.
But coins are a big issue to those on a coin forum. For some it is their bread and butter. Being no longer to sell coins on ebay will impact many coin sellers as well as buyers.
That wasn't my point. Since they ARE motivated to find a solution to the big ticket items, I think they will also find a solution to the coin issue.
We coin buyers and seller can only hope so.
The reading I've been doing is pointing to a problem with the people they are working with to take on managing the payments. Obviously these people have some skin in the game (even if they are internal to ebay) and it appears they are trying to exclude high risk items. Bullion in particular falls into this category.
It seems that the real issue is reducing their risk, even if it costs them customers. I'm sure they are weighing the risk/reward scenarios on each decision. They will do what they think is best for them. The lower the coin category falls in their percentage of total income, the greater the chance it will be eliminated. They obviously will tolerate more risk in categories that are a higher percentage of their total volume.
No Way Out: Stimulus and Money Printing Are the Only Path Left
@Flackthat said: @amwldcoin
Pretty sure I know the “spamming” seller you are talking about.
It gets old looking at his same inventory daily.
I also received a call from eBay, thought it was a scammer until I checked my email.
I was talking with a friend about this earlier. While I'm not sure...he said coins are one of the big things that helped ebay take off back in the day. I know I used to do a lot of selling back in the late 90's.
As to the customers who will be happier with more payment options. If Paypal is not an option...isn't ebay going to piss a bunch of people off they have forced to take Paypal?
@amwldcoin said:
I was talking with a friend about this earlier. While I'm not sure...he said coins are one of the big things that helped ebay take off back in the day. I know I used to do a lot of selling back in the late 90's.
As to the customers who will be happier with more payment options. If Paypal is not an option...isn't ebay going to piss a bunch of people off they have forced to take Paypal?
no shortage of irony.
to some extent, some sellers nearly went to war over the outside transactions to avoid pp and ebay and trying to take money orders checks and ebay made it crystal clear. pp only. now here they are shoving this at us. must be nice to be a billion dollar corp...
i really don't care too much, so long as the percentages and protection don't change much. others have posted enough information in this thread and logic to allay any previous concerns i had.
I vote you as the new spokesperson for ebay, I dont think i have ever seen anyone as pro ebay as you. I know you do well there and thats great, I am really happy for ya. I use ebay quite regularly too, becuase the area Im in, I got cheap folks that come in the shop and wan tto pay little of nothing for stuff.
I think all of us ebayers, including Errors on Coins, are in for a shock that will quickly change our ebay attitude when we are forced into managed payments and are unable to list coins.
I don't know. Coins aren't really a big issue from an eBay standpoint, BUT they have some other much bigger ticket items on the restricted list that they are going to be really motivated to find a solution.
But coins are a big issue to those on a coin forum. For some it is their bread and butter. Being no longer to sell coins on ebay will impact many coin sellers as well as buyers.
That wasn't my point. Since they ARE motivated to find a solution to the big ticket items, I think they will also find a solution to the coin issue.
We coin buyers and seller can only hope so.
The reading I've been doing is pointing to a problem with the people they are working with to take on managing the payments. Obviously these people have some skin in the game (even if they are internal to ebay) and it appears they are trying to exclude high risk items. Bullion in particular falls into this category.
It seems that the real issue is reducing their risk, even if it costs them customers. I'm sure they are weighing the risk/reward scenarios on each decision. They will do what they think is best for them. The lower the coin category falls in their percentage of total income, the greater the chance it will be eliminated. They obviously will tolerate more risk in categories that are a higher percentage of their total volume.
Totally agree with your assessment. Insurance companies are notorious in having risk management dictate fees and so do financial organizations. From mom & pop roadside stands that do that for a living, to trillion $ conglomerates. If the profit margin is marginal and the potential of greater returns not in the cards, it's gone.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@amwldcoin said:
I was talking with a friend about this earlier. While I'm not sure...he said coins are one of the big things that helped ebay take off back in the day. I know I used to do a lot of selling back in the late 90's.
As to the customers who will be happier with more payment options. If Paypal is not an option...isn't ebay going to piss a bunch of people off they have forced to take Paypal?
PayPal is a payment option inside of managed payments. You can not, however, accept PayPal as an option outside managed payments
When ebay offered me the option to try managed payments last year Paypal was not on board and they said they were working on it and hoped to have an agreement with Paypal soon. Since Paypal doesn't have a problem accepting payments for coins I can only assume they have not come to an agreement. Especially since ebay will be assuming the liability for seller protection!
@amwldcoin said:
I was talking with a friend about this earlier. While I'm not sure...he said coins are one of the big things that helped ebay take off back in the day. I know I used to do a lot of selling back in the late 90's.
As to the customers who will be happier with more payment options. If Paypal is not an option...isn't ebay going to piss a bunch of people off they have forced to take Paypal?
PayPal is a payment option inside of managed payments. You can not, however, accept PayPal as an option outside managed payments
@amwldcoin said:
When ebay offered me the option to try managed payments last year Paypal was not on board and they said they were working on it and hoped to have an agreement with Paypal soon. Since Paypal doesn't have a problem accepting payments for coins I can only assume they have not come to an agreement. Especially since ebay will be assuming the liability for seller protection!
Paypal change effective July 31: "Purchases for precious metals (i.e. gold, silver, platinum, etc.) purchased in bulk (bullion) or in individual coins are currently excluded from coverage."
No more protection for these items but a buyer can always use a credit card which does offer chargeback capability.
No Way Out: Stimulus and Money Printing Are the Only Path Left
@derryb said:
Paypal change effective July 31: "Purchases for precious metals (i.e. gold, silver, platinum, etc.) >purchased in bulk (bullion) or in individual coins are currently excluded from coverage."
@amwldcoin said:
When ebay offered me the option to try managed payments last year Paypal was not on board and they said they were working on it and hoped to have an agreement with Paypal soon. Since Paypal doesn't have a problem accepting payments for coins I can only assume they have not come to an agreement. Especially since ebay will be assuming the liability for seller protection!
Paypal change effective July 31: "Purchases for precious metals (i.e. gold, silver, platinum, etc.) purchased in bulk (bullion) or in individual coins are currently excluded from coverage."
No more protection for these items but a buyer can always use a credit card which does offer chargeback capability.
That is a death knell for bullion and extremely cheap online coin sales(<$1000) that are not worth consigning to a larger auction house.
@derryb said:
A buyer of these exempt items still has the option of filing a credit card dispute. I'm still a buyer after July 31.
Have you read the fine print on the credit cards?
The PayPal and Ayden restrictions may both be tied to the underlying payment providers. After all, PayPal and Ayden are just managing payments from other sources.
@amwldcoin said:
When ebay offered me the option to try managed payments last year Paypal was not on board and they said they were working on it and hoped to have an agreement with Paypal soon. Since Paypal doesn't have a problem accepting payments for coins I can only assume they have not come to an agreement. Especially since ebay will be assuming the liability for seller protection!
Paypal change effective July 31: "Purchases for precious metals (i.e. gold, silver, platinum, etc.) purchased in bulk (bullion) or in individual coins are currently excluded from coverage."
No more protection for these items but a buyer can always use a credit card which does offer chargeback capability.
Comments
Errors on coins:
I vote you as the new spokesperson for ebay, I dont think i have ever seen anyone as pro ebay as you. I know you do well there and thats great, I am really happy for ya. I use ebay quite regularly too, becuase the area Im in, I got cheap folks that come in the shop and wan tto pay little of nothing for stuff.
I'm currently paying 6% FVF on coins with a basic ebay store plus 2.9% with paypal. Unless I can keep that with managed payments why would I switch?
No Way Out: Stimulus and Money Printing Are the Only Path Left
Because ebay forces you to.
Received this emailed message from ebay today:
Coins and paper money are currently on the list of prohibited items for Managed Payments. As we move towards processing payments for our sellers, we enter into a heavily regulated environment when partnering with your financial institutions.
Due to regulations, we are unable to accept and process sales for coins and paper money. However, we are working with the financial institutions to clear these restrictions while being compliant with regulations.
In the meantime, we may look to keep you on the current payment processing with PayPal to ensure you don't experience any business interruptions.
We will look to have the majority of sellers moved to Managed Payments by the end of 2020. If you receive an invitation while coins and paper money is still on the prohibited items list, please feel free to reach out further assistance.
Thanks,
Phillip T.
Managed Payments
I've been surfing around reading as much on this as I can find and don't see this being anyway positive for sellers. I will be canceling my eBay store and removing all listings this month. eBay was great 10+ years ago as one of the only viable platforms for selling on your own... As stated there's other listing options with more affordable associated fee and preferred payment options.
You don't have any choice. Everyone is being switched in the back half of the year.
The current fee structure for all categories but coins is the current rate + 2.35% for payment processing. So, the base rate is effectively lower. Now, they are charging that rate on everything, including sales tax, so results will vary depending on what the sales tax rate is, but most fees will probably end up being cheaper. The 10% sales tax states probably will not.
On a $1000 item, for example, you are going to be paying 6.15% (current coin rate with store) on the 8% sales tax which adds $4.92 in new fees. But you save 0.55% on the cheaper payment processing which is $5.50.
On the other hand, for the same $1000 item in a 10% sales tax state (and there are a couple), you are going to be paying an extra $6.15 in new fees and still only saving $5.50 on the payment processing.
Overall, you should pay less.
The problem is coins appear to still be a restricted category that can't be used with managed payments.
I read everything and I see a lot of the usual panic. The total fees are cheaper except in 10% sales tax states. There's no downside for 90% of eBay sellers EXCEPT, possibly, coin sellers and adult material sellers and auto sellers because they haven't figured out what to do about the "restricted categories".
I don't see any sites out there with better payment options. It's 2.5-3% everywhere. And your customers want ease of payment which managed payment gives them. They can use dozens of different payment methods.
Can you list your bullion in the "Exonumia" category to avoid all this b.s.? If so, what is the FVF % for items listed in the exonumia category ?
Definition of exonumia:
numismatic items (such as tokens, medals, or scrip) other than coins and paper money.
Exonumia is a subset of "Coins and Currency" category on ebay... so probably will not let you avoid the restriction.
After 20+ years of ebay's improvements that never improve anything, I am done selling.
If they get to a point that they do not accept PayPal for buying I will never buy again.
If they keep PayPal for buyers to pay they could also keep it for sellers.
I'm sure my buying will be drastically reduced because I will not be on the site as much.
I will not sign up with Ayden.
While good sellers of coins may have to take a break until ebay figures everything out the counterfeits from China will still be listed....they will just list them in "Home Decor"
Ebay has had at least 2 years to plan for this and yet they tell everyone....wait and see....we are trying hard....we hope to have things worked out soon. What has their IT department been doing for the last 2 years? Oh wait, I know the answer....they have been making improvements that won't matter and will be changed with the new roll out.
I would also expect that after they get everyone on Ayden and PayPal is no longer an option you will see lots of fee increases.
Ebay has become like Pen Island and I am tired of them ramming it down my throat.
Edited to add so I don't go to jail or get banned:
Pen Island is one of several uninhabited Canadian arctic islands in Nunavut, Canada located within southwestern Hudson Bay, it is part of the Pen Islands.
@Bullsitter
Maybe I should take that LOL back.
It's not gonna be that funny when the ebay CSR tells you that is the new work around.
The sky is falling
Actually it's not....it's a subsection of "collectibles"
While one may get around the listing prohibition it does not ensure one will have the benefit of ebay protection once ebay realizes what they are being asked to cover a loss on.
No Way Out: Stimulus and Money Printing Are the Only Path Left
It's a silver "collectible" medallion
You can use PayPal through managed payments. It's not either/or. Auden is a much more flexible payment platform that lets the buyer choose dozens of options
Is it like one of those TV ads where I can return the socks but keep the free bonus if I'm not happy?
Which is the parent category to coins, which is the parent category to exonumia
Ummm... well maybe we aren't on the same ebay website?? I don't see anything under 'collectibles'.... but sure see it under 'coins and currency'. Perhaps you can show me where? I've listed items many time under the following (but never have seen exonumia under collectibles):
Coins & Paper Money > Exonumia > Medals
Not that it really matters that much; as derryb pointed out "While one may get around the listing prohibition it does not ensure one will have the benefit of ebay protection once ebay realizes what they are being asked to cover a loss on."
Agree...Exonumia is a sub of coins & paper money. I was thinking of the Collectible category which is a category of its own and has a lot of sub categories.
Ebay finally got back with me, and stated to just remain on standard paypal processing until they resolve the restricted categories, as I strictly list in those 2 categories 100%. If i continue to get invites, and messages reminding me to sign up for processed payments, i was told to ignore. Now, as others have said, one day in the near future, it will be manadatory, and if and when that day comes, if they have not resolved the restricted categories , then Im out unfortunately, and will have to either close up my coin business or find a new effective venue. Even though the bst is ok, its not the greatest place for maximum sales.
Thanks for the update. This is probably the strategy that many of us will be following. I have been ignoring the invites so far and will continue to do so until they resolve the Coins issue...
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
Bully for you! 🙂
I have listed one highly overpriced coin in all of my other ebay accounts to hopefully prevent being automatically switched over to managed payments. I'm hoping have a coin listed will prevent this.
These are non-store buying accounts or accounts specifically used for non coin items that sometimes that occasionally receive reduced seller promotion offers. When they appear, I take advantage of these FVF saving promotions by moving listings from my primary selling account. I have enjoyed promotions that provided 50% FVF fees and occasionally a $20 max FVF. Nice to pay a $20 FVF on a $2200 coin.
No Way Out: Stimulus and Money Printing Are the Only Path Left
I think all of us ebayers, including Errors on Coins, are in for a shock that will quickly change our ebay attitude when we are forced into managed payments and are unable to list coins.
No Way Out: Stimulus and Money Printing Are the Only Path Left
@jmlanzaf "a much more flexible payment platform that lets the buyer choose dozens of options"
Agree, and it would seem like super easy check out to do it right on ebay rather than logging in to another site.
Time will tell if it is as good for sellers as it will be for buyers. Wishing everyone all the best for a smooth transition.
Yes, it's a definite advantage for buyers. If they work out the coin problem, it is also probably better for sellers because it is generally a little cheaper. And happy buyers do buy more!
I don't know. Coins aren't really a big issue from an eBay standpoint, BUT they have some other much bigger ticket items on the restricted list that they are going to be really motivated to find a solution.
But coins are a big issue to those on a coin forum. For some it is their bread and butter. Being no longer to sell coins on ebay will impact many coin sellers as well as buyers.
No Way Out: Stimulus and Money Printing Are the Only Path Left
That wasn't my point. Since they ARE motivated to find a solution to the big ticket items, I think they will also find a solution to the coin issue.
We coin buyers and seller can only hope so.
The reading I've been doing is pointing to a problem with the people they are working with to take on managing the payments. Obviously these people have some skin in the game (even if they are internal to ebay) and it appears they are trying to exclude high risk items. Bullion in particular falls into this category.
It seems that the real issue is reducing their risk, even if it costs them customers. I'm sure they are weighing the risk/reward scenarios on each decision. They will do what they think is best for them. The lower the coin category falls in their percentage of total income, the greater the chance it will be eliminated. They obviously will tolerate more risk in categories that are a higher percentage of their total volume.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Yep! I know that guy.
I was talking with a friend about this earlier. While I'm not sure...he said coins are one of the big things that helped ebay take off back in the day. I know I used to do a lot of selling back in the late 90's.
As to the customers who will be happier with more payment options. If Paypal is not an option...isn't ebay going to piss a bunch of people off they have forced to take Paypal?
no shortage of irony.
to some extent, some sellers nearly went to war over the outside transactions to avoid pp and ebay and trying to take money orders checks and ebay made it crystal clear. pp only. now here they are shoving this at us. must be nice to be a billion dollar corp...
i really don't care too much, so long as the percentages and protection don't change much. others have posted enough information in this thread and logic to allay any previous concerns i had.
Totally agree with your assessment. Insurance companies are notorious in having risk management dictate fees and so do financial organizations. From mom & pop roadside stands that do that for a living, to trillion $ conglomerates. If the profit margin is marginal and the potential of greater returns not in the cards, it's gone.
PayPal is a payment option inside of managed payments. You can not, however, accept PayPal as an option outside managed payments
When ebay offered me the option to try managed payments last year Paypal was not on board and they said they were working on it and hoped to have an agreement with Paypal soon. Since Paypal doesn't have a problem accepting payments for coins I can only assume they have not come to an agreement. Especially since ebay will be assuming the liability for seller protection!
May have to resort to social services.
``https://ebay.us/m/KxolR5
Paypal change effective July 31: "Purchases for precious metals (i.e. gold, silver, platinum, etc.) purchased in bulk (bullion) or in individual coins are currently excluded from coverage."
No more protection for these items but a buyer can always use a credit card which does offer chargeback capability.
No Way Out: Stimulus and Money Printing Are the Only Path Left
.
BOOM
That is a death knell for bullion and extremely cheap online coin sales(<$1000) that are not worth consigning to a larger auction house.
A buyer of these exempt items still has the option of filing a credit card dispute. I'm still a buyer after July 31.
No Way Out: Stimulus and Money Printing Are the Only Path Left
“That is a death knell for bullion and extremely cheap online coin sales(<$1000) that are not worth consigning to a larger auction house.“
There is a fine line sometimes between bullion and numismatic coins. This may have an impact as well on actual numismatic coins too.
Wondercoin
Have you read the fine print on the credit cards?
The PayPal and Ayden restrictions may both be tied to the underlying payment providers. After all, PayPal and Ayden are just managing payments from other sources.
That doesn't bother me because nothing I sell has any thing to do with bullion!
As you guys argue back and forth, I have been spending a lot of time on the Pacific Ocean, chilling out.
eBay HAS NOT contacted me about managed payments (yet)
I have zero concerns about the issue.
I will be selling coins on eBay for years to come, for sure, 100%.
bearcave
even you will be stung by Feebay some day.. and you will then change your mind!
**And, how will you get paid? or accept payment for years to come?
**