Ebay coin policy. Is it legal?
Alltheabove76
Posts: 1,495 ✭✭✭
As many of you probably know eBay is forcing all sellers to switch to managed payments. For me, (a power seller) I was forced to switch several months ago. Now, I no longer have the option to offer PayPal, which means I cannot sell coins. Yet there are thousands of coins for sale on eBay. It seems like it would be unlawful for them to pick the winners and losers by forcing some to switch and allowing others to continue thus shutting people like me out of selling coins on their platform.
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You need to talk to the right people at ebay. They should move you out of managed payments for now. Been there and almost done that but was saved by knowledgeable ebay staff.
I tried today and they said moving me back is not an option.
My Early Large Cents
Sure it's legal. eBay is a private company. As long as they don't discriminate against a protect class or engage in monopolistic and anti-competitive practices (vs. just being large), you agree or vote with you feet and sell elsewhere.
ANA 49 year/Life Member (now "Emeritus" because ANA can't count)
Did you ask to speak to a supervisor? I don't know...I was just enrolled and hadn't been moved into managed payments yet...they were able to stop it for me.
https://www.coinworld.com/news/precious-metals/officials-confirm-that-ebay-is-not-ending-sales-of-coins
Steve Halupka, eBay’s manager for emerging verticals, which includes bullion, coins, sports memorabilia and stamps, released the following statement after Coin World inquired about collector confusion and misinformation found in online discussions on collector forums. The concern and rumors derived from ongoing changes to managed payment systems at eBay.
The official statement said, “eBay will continue to allow sales of coins, paper money and bullion now and in the future.”
Further, “eBay sellers that frequently list in coins, paper money and bullion will not be required to register for managed payments until these categories are compatible. Until then, there is no action required and sellers can continue to sell on eBay as they do today.”
What am I missing here?
"What is managed payments?
Benefits for sellers
Choice: Buyers have more payment options (credit, debit, and gift cards; Apple Pay; Google Pay; PayPal and PayPal Credit). No separate PayPal account required - for buyers or sellers."
It seems that buyers can still pay via PP and sellers can receive PP payments? I presume all of these payments when used go into a sellers account?
Best, SH
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More ways to pay, always a good thing in my book. Best coin store on planet earth. Rgds!
The whole worlds off its rocker, buy Gold™.
If a seller enrolls in Managed Payments, the buyer can pay via several means, some of which don't offer protections for coin purchases. There is no way for the seller to restrict payment to PP or other processors which do.
If the seller enrolls in managed payments the seller cannot sell coins at all.
My Early Large Cents
I only sell coins on eBay.
I send eBay quite a bit of money every month for their service.
eBay has never contacted me about managed payments.
I sell a coin every so often on eBay, but mostly other stuff nowadays amounting to perhaps a couple hundred items a year. eBay has contacted me a handful of times suggesting that I convert to MP, but I won't do it until not doing so would make it impossible to remain selling there at all, OR they lift the prohibition on selling coins (and some other categories) under MP.
My concern, for now, is that some sellers can not sell coins at the moment.
Many of the coins I buy are one-offs that someone found and if they are on MP then they can not sell it on eBay presently.
Fewer coins to buy.
What is a managed payment?
Yes - it’s their stadium.