Ebay dropping paypal to go to a managed payments system. No more Coins on ebay?
Hi, I heard that ebay is dropping paypal to go to a managed payments system. Here is the list of restricted items under the new system. ************
Sellers enrolled in managed payments are not allowed to list the following items:
Adult only items, including movies, video games, and photographs
Coins & paper money (only Exonumia, and Publications & Supplies are allowed)
Gift cards & coupons
Lodging, timeshares, vacation packages, and car rentals
Memberships for campground and RV parks
Tickets for travel, events, or experiences
Eventually all sellers will be required to use this system from what I understand. Does this mean no more coins on ebay?? Please tell me I am wrong!
**If I don’t register now, what happens?
Managed payments enhances the buying and selling experience on eBay. eBay will manage payments for most of its marketplace sellers by 2021, and all sellers will eventually be required to have eBay manage their payments in order to keep selling on eBay. If you receive a notification, we encourage you to register before the deadline to avoid any business interruption.
Registration allows you to get your business ready early for managed payments. You can register in a few simple steps, including verifying your business information and providing a bank account. You will be able to track your registration progress on the Payments tab in Seller Hub.**