@OKCC said:
I used to pay ebay seller's fees with a credit card. So now I can't, and won't be getting the cc rewards?
And does anyone know if the 10% TRS discount still applies? Would the new store rate become 8.5% - .85% or what?
The decrease in fees more than offsets your CC rewards unless you have one heck of a credit card. If you were getting 5% back on your CC, that is 0.4%. The lowered rate with managed payments is 0.55%
Not sure I understand the math as presented. If I have a 5% cash back credit card.... I save $5 on a $100 purchase. But the savings on managed payments is 0.55%... which is only $0.55 savings on a $100 purchase? what am I missing??
@OKCC said:
I used to pay ebay seller's fees with a credit card. So now I can't, and won't be getting the cc rewards?
And does anyone know if the 10% TRS discount still applies? Would the new store rate become 8.5% - .85% or what?
The decrease in fees more than offsets your CC rewards unless you have one heck of a credit card. If you were getting 5% back on your CC, that is 0.4%. The lowered rate with managed payments is 0.55%
Not sure I understand the math as presented. If I have a 5% cash back credit card.... I save $5 on a $100 purchase. But the savings on managed payments is 0.55%... which is only $0.55 savings on a $100 purchase? what am I missing??
what card / bank gives you 5% cash back?
Amazon Prime VISA gives you 5% back on amazon purchases. I doubt any card (even the eBay Mastercard) gives you anywhere near that when paying your eBay bill.
It looks like managed payments kicked in on my account overnight. A sale had the ebay fees deducted, no indication of when the money will be in my account. Also looks like your postal fees will be deducted from the sale so you can't put those on a credit card either unless you want to go to paypal or stamps.com to buy a shipping label then go into ebay and upload the tracking number.
@logger7 said:
It looks like managed payments kicked in on my account overnight. A sale had the ebay fees deducted, no indication of when the money will be in my account. Also looks like your postal fees will be deducted from the sale so you can't put those on a credit card either unless you want to go to paypal or stamps.com to buy a shipping label then go into ebay and upload the tracking number.
That's interesting. That's not what the eBay literature said. You might have to change your choice of funding for eBay labels. Although, in the past, you were forced to use PayPal balance for that anyway, so kind of no change.
@logger7 said:
It looks like managed payments kicked in on my account overnight. A sale had the ebay fees deducted, no indication of when the money will be in my account. Also looks like your postal fees will be deducted from the sale so you can't put those on a credit card either unless you want to go to paypal or stamps.com to buy a shipping label then go into ebay and upload the tracking number.
You need to set up the transfer feature in Payout Settings for your account to daily or weekly and if you choose weekly what day of the week you want them transferred. Then you will know when they are coming.
does anyone know what happens if after 3 weeks someone returns an item because they did not like it?
If the seller has free returns, does eBay debit your checking for the shipping and then when item shows delivered to you, debit your checking for the item?
@davewesen said:
does anyone know what happens if after 3 weeks someone returns an item because they did not like it?
If the seller has free returns, does eBay debit your checking for the shipping and then when item shows delivered to you, debit your checking for the item?
It is discussed in the managed payment documentation on eBay. If you don't find it, I'll pull it up for you after I get done with class.
@logger7 said:
I tried contacting ebay, no live agents available today. Is there a link for managed payments and preferences with that?
It looks like this is the link to managed payments, but I see no way to control when you get them.
I'll know better on the 22nd when I go live with managed payments.
Did you use the call back option? They always have that option during business hours. [Not that they are always useful once they call back.]
No agents available, call back or chat today! This may be the first day. I just blew out a bunch of coins well over a grand and have no idea when they release funds now, with paypal the system was smooth.
Just check out all the complaints ebay is getting on their community help forums on this.
@logger7 said:
I tried contacting ebay, no live agents available today. Is there a link for managed payments and preferences with that?
It looks like this is the link to managed payments, but I see no way to control when you get them.
I'll know better on the 22nd when I go live with managed payments.
Did you use the call back option? They always have that option during business hours. [Not that they are always useful once they call back.]
No agents available, call back or chat today! This may be the first day. I just blew out a bunch of coins well over a grand and have no idea when they release funds now, with paypal the system was smooth.
Just check out all the complaints ebay is getting on their community help forums on this.
Maybe they should have called it eBay mismanaged payments.
@davewesen said:
does anyone know what happens if after 3 weeks someone returns an item because they did not like it?
If the seller has free returns, does eBay debit your checking for the shipping and then when item shows delivered to you, debit your checking for the item?
@logger7 said:
I tried contacting ebay, no live agents available today. Is there a link for managed payments and preferences with that?
It looks like this is the link to managed payments, but I see no way to control when you get them.
I'll know better on the 22nd when I go live with managed payments.
Did you use the call back option? They always have that option during business hours. [Not that they are always useful once they call back.]
No agents available, call back or chat today! This may be the first day. I just blew out a bunch of coins well over a grand and have no idea when they release funds now, with paypal the system was smooth.
Just check out all the complaints ebay is getting on their community help forums on this.
Maybe they should have called it eBay mismanaged payments.
That forum is constantly nothing but complaints.
Friend of mine is a toy dealer. He's been using it for a couple months without any issues whatsoever
I've never sold anything on eBay, I just buy stuff.
Could somebody please give me the "Ebay For Idiots" version of what Managed Payments are all about and why they are controversial? I assume that it is intended for them to keep more of your money, but how?
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Just got changed over to managed payment 3 days ago.. Ebay charged me 10% for coin sales from my basic store and I have not seen a dime of my money come into my checking account. they said they made a payout of $115.76 and that it may take 4 to 5 days to appear in my account. Makes me think they are MAILING checks FOR THE PAYOUTS. Also, am unable to change my purchase method from PayPal to the checking account.. Seems like a total mess to me.
@CaptHenway said:
I've never sold anything on eBay, I just buy stuff.
Could somebody please give me the "Ebay For Idiots" version of what Managed Payments are all about and why they are controversial? I assume that it is intended for them to keep more of your money, but how?
PayPal and eBay used to be the same company. As such, PP was the de facto electronic payment method for eBay transactions. Since the companies are now separate, eBay decided to offer a wider range of electronic payment options, and keep some of the profits generated by processing payments for themselves. The main reason for controversy, other than general resistance to change, was that certain item categories were initially not eligible to be sold by sellers who had enrolled in Managed Payments. One of those categories was coins. This seems to have been resolved at this point.
As to how eBay makes money on MP, I would assume it charges a percentage to any payment processor who participates in the program.
Just got changed over to managed payment 3 days ago.. Ebay charged me 10% for coin sales from my basic store and I have not seen a dime of my money come into my checking account. they said they made a payout of $115.76 and that it may take 4 to 5 days to appear in my account. Makes me think they are MAILING checks FOR THE PAYOUTS. Also, am unable to change my purchase method from PayPal to the checking account.. Seems like a total mess to me.
Are you sure you did the math correctly for the 10% number. I Check mine and it was 8.5%
As for not seeing the money in your account, If you sold the item on Monday eBay may not have sent the payment until Tuesday and the banks post activity at 0:00. So it may actually be less than a day you've waited.
When the sale is paid, do you get an email from ebay with the actual amount that will be credited to your account ? A number with all the fees and expenses accounted for ?......
@thebeav said:
When the sale is paid, do you get an email from ebay with the actual amount that will be credited to your account ? A number with all the fees and expenses accounted for ?......
Actually I didn't get an email telling me the item had been paid for. There are some new tabs in the seller dashboard one is called payments. If you open the tab and go to transactions it shows the selling amount and the fee charged for each item. If you go to payouts it gives you the date and amount transferred to your bank account.
@CaptHenway said:
I've never sold anything on eBay, I just buy stuff.
Could somebody please give me the "Ebay For Idiots" version of what Managed Payments are all about and why they are controversial? I assume that it is intended for them to keep more of your money, but how?
They are now doing the payment processing instead of PayPal. In that sense, they are keeping the PayPal portion of your money although the overall fees are lower. It actually gives buyers more payment options. You don't need to use PayPal. You can also use things like Google Pay or Apple Pay or a straight-up credit card.
@CaptHenway said:
I've never sold anything on eBay, I just buy stuff.
Could somebody please give me the "Ebay For Idiots" version of what Managed Payments are all about and why they are controversial? I assume that it is intended for them to keep more of your money, but how?
They are now doing the payment processing instead of PayPal. In that sense, they are keeping the PayPal portion of your money although the overall fees are lower. It actually gives buyers more payment options. You don't need to use PayPal. You can also use things like Google Pay or Apple Pay or a straight-up credit card.
@CaptHenway said:
I've never sold anything on eBay, I just buy stuff.
Could somebody please give me the "Ebay For Idiots" version of what Managed Payments are all about and why they are controversial? I assume that it is intended for them to keep more of your money, but how?
They are now doing the payment processing instead of PayPal. In that sense, they are keeping the PayPal portion of your money although the overall fees are lower. It actually gives buyers more payment options. You don't need to use PayPal. You can also use things like Google Pay or Apple Pay or a straight-up credit card.
You can use a credit card through PayPal. You can also link PayPal to Google Play, but I don't think you can do it the other way around.
Managed payments is far more flexible and supports multiple foreign currencies as well.
What foreign currencies does paypal not handle that ebay will? I'm just not seeing that flexibility myself, and if it is I'm sure paypal will be their soon.
@CaptHenway said:
I've never sold anything on eBay, I just buy stuff.
Could somebody please give me the "Ebay For Idiots" version of what Managed Payments are all about and why they are controversial? I assume that it is intended for them to keep more of your money, but how?
They are now doing the payment processing instead of PayPal. In that sense, they are keeping the PayPal portion of your money although the overall fees are lower. It actually gives buyers more payment options. You don't need to use PayPal. You can also use things like Google Pay or Apple Pay or a straight-up credit card.
You can use a credit card through PayPal. You can also link PayPal to Google Play, but I don't think you can do it the other way around.
Managed payments is far more flexible and supports multiple foreign currencies as well.
@amwldcoin said:
What foreign currencies does paypal not handle that ebay will? I'm just not seeing that flexibility myself, and if it is I'm sure paypal will be their soon.
@CaptHenway said:
I've never sold anything on eBay, I just buy stuff.
Could somebody please give me the "Ebay For Idiots" version of what Managed Payments are all about and why they are controversial? I assume that it is intended for them to keep more of your money, but how?
They are now doing the payment processing instead of PayPal. In that sense, they are keeping the PayPal portion of your money although the overall fees are lower. It actually gives buyers more payment options. You don't need to use PayPal. You can also use things like Google Pay or Apple Pay or a straight-up credit card.
You can use a credit card through PayPal. You can also link PayPal to Google Play, but I don't think you can do it the other way around.
Managed payments is far more flexible and supports multiple foreign currencies as well.
Not sure. You can Google it. It was originally mentioned as one of the strengths of the managed payments.
Bottom line is it is cheaper and more flexible. As to whether you find that compelling or not is rather besides the point as there is really no choice in the matter.
I got a notice this morning from ebay, two days after the transaction which had showed as that the payment had completed that they were sending me funds to my bank account, presumably an ach. No way to reach them as far as I can see.
Paypal is efficient led by professionals. This new system sounds like a government plan from the early 1970s. The incentive is less charges, but clearly ebay is just implementing this as a money making measure probably thought up by some Ivy League hot shot trying to build their career and resume. Major changes like this are rarely an improvement.
When large amounts of money are involved layers of oversight and professionalism are vital. Paypal has really been a great option for sellers knowing they have your back 100%. You could do a transaction in the evening and have the money in your bank account if you transferred the money out of paypal at 10 pm. Now there is a several day lag, plus ebay grabs their share before you get a dime.
@logger7 said:
I got a notice this morning from ebay, two days after the transaction which had showed as that the payment had completed that they were sending me funds to my bank account, presumably an ach. No way to reach them as far as I can see.
Paypal is efficient led by professionals. This new system sounds like a government plan from the early 1970s. The incentive is less charges, but clearly ebay is just implementing this as a money making measure probably thought up by some Ivy League hot shot trying to build their career and resume. Major changes like this are rarely an improvement.
When large amounts of money are involved layers of oversight and professionalism are vital. Paypal has really been a great option for sellers knowing they have your back 100%. You could do a transaction in the evening and have the money in your bank account if you transferred the money out of paypal at 10 pm. Now there is a several day lag, plus ebay grabs their share before you get a dime.
Managed payments is NOT a new product. eBay bought a Payment processor (Adyen) which is being integrated into their system.
It is also worth remembering that PayPal used to also be a 48 hour transfer before it became a 24 hour transfer.
I'm also not sure why anyone cares that much that "ebay grabs their share" before you get a dime. You contracted a service and they take their fee. You're going to have to pay it anyway. PayPal also "grabbed their share" before you got any money. If you consign to Great Collections, do you get full payment and then send the seller's premium back to them?
People just want to hate it because it is different. People despised PayPal when eBay rolled it out and I remember thousands of people claiming they'd quit eBay forever. People wanted to keep using checks and money orders - can you imagine that now? Now, everyone loves PayPal and are mad that it is being replaced. People just hate change because it is change.
Yea it would be nice if the payout worked faster. Biggest problem I have though is that when I receive PayPal payment I have access to spend for online purchases immediately using PayPal as a payment. Now I’m not sure if the balance eBay has on hold is available for use on eBay, but I know I can’t use it for purchase in another platform. Either way it may be more flexible for buyers but it’s less flexible for the seller.
Just got changed over to managed payment 3 days ago.. Ebay charged me 10% for coin sales from my basic store and I have not seen a dime of my money come into my checking account. they said they made a payout of $115.76 and that it may take 4 to 5 days to appear in my account. Makes me think they are MAILING checks FOR THE PAYOUTS. Also, am unable to change my purchase method from PayPal to the checking account.. Seems like a total mess to me.
Are you sure you did the math correctly for the 10% number. I Check mine and it was 8.5%
As for not seeing the money in your account, If you sold the item on Monday eBay may not have sent the payment until Tuesday and the banks post activity at 0:00. So it may actually be less than a day you've waited.
I just went back and checked my numbers.. They are charging me from 7.6% up to 8.6% plus 30 cents a sale. I do not have a single sale where it was exactly 8.5%. The range I got was dividing the final value fee by the total sale amount. When you add in the .30 for fees, then the total comes to slightly over 10% which is comparable to PayPal. In transactions where the total sale is less than $18, the total fees are greater than when using PayPal.
Wish I could figure out how to buy things. They still use my PayPal for my purchases.
@logger7 said:
I got a notice this morning from ebay, two days after the transaction which had showed as that the payment had completed that they were sending me funds to my bank account, presumably an ach. No way to reach them as far as I can see.
Paypal is efficient led by professionals. This new system sounds like a government plan from the early 1970s. The incentive is less charges, but clearly ebay is just implementing this as a money making measure probably thought up by some Ivy League hot shot trying to build their career and resume. Major changes like this are rarely an improvement.
When large amounts of money are involved layers of oversight and professionalism are vital. Paypal has really been a great option for sellers knowing they have your back 100%. You could do a transaction in the evening and have the money in your bank account if you transferred the money out of paypal at 10 pm. Now there is a several day lag, plus ebay grabs their share before you get a dime.
Managed payments is NOT a new product. eBay bought a Payment processor (Adyen) which is being integrated into their system.
It is also worth remembering that PayPal used to also be a 48 hour transfer before it became a 24 hour transfer.
I'm also not sure why anyone cares that much that "ebay grabs their share" before you get a dime. You contracted a service and they take their fee. You're going to have to pay it anyway. PayPal also "grabbed their share" before you got any money. If you consign to Great Collections, do you get full payment and then send the seller's premium back to them?
People just want to hate it because it is different. People despised PayPal when eBay rolled it out and I remember thousands of people claiming they'd quit eBay forever. People wanted to keep using checks and money orders - can you imagine that now? Now, everyone loves PayPal and are mad that it is being replaced. People just hate change because it is change.
No, I don't hate change or a new system "because it is new" but would have expected the same level of quality and efficiency as paypal offered. Actually Paypal is less than 10 hours into the bank account if you did it manually, paid by 10pm, in bank account by 7am.. The new system is at least 48-72 hours. And when you get paid and when they get theirs does matter from any business standpoint. And perception of who is actually making more money also matters when services and choices are significantly less. Let's not just shrug our shoulders and feel helpless to counteract changes that are not in the client's interest.
Managed payments is NOT a new product. eBay bought a Payment processor (Adyen) which is being integrated into their system.
It is also worth remembering that PayPal used to also be a 48 hour transfer before it became a 24 hour transfer.
I'm also not sure why anyone cares that much that "ebay grabs their share" before you get a dime. You contracted a service and they take their fee. You're going to have to pay it anyway. PayPal also "grabbed their share" before you got any money. If you consign to Great Collections, do you get full payment and then send the seller's premium back to them?
People just want to hate it because it is different. People despised PayPal when eBay rolled it out and I remember thousands of people claiming they'd quit eBay forever. People wanted to keep using checks and money orders - can you imagine that now? Now, everyone loves PayPal and are mad that it is being replaced. People just hate change because it is change.
PAYPAL was a separate company running a couple years before eBay bought it (and free when Peter Thiel and 5 others started it). It was running well when eBay bought it. People were still allowed to write checks, money orders or cash for eBay purchases if that is what they wanted to do.
I see problems with the Adyem processor integration. Some sellers will not ship until the have money. Other sellers are having difficult time getting started. Returns are going to be messy. With more access and control of my checking account balance than I want at this time.
We will see how eBay is doing a year from now.
Maybe eBay will buy USPS (or other shipping service), to get even more control and money from their hosted auctions.
@logger7 said:
I got a notice this morning from ebay, two days after the transaction which had showed as that the payment had completed that they were sending me funds to my bank account, presumably an ach. No way to reach them as far as I can see.
Paypal is efficient led by professionals. This new system sounds like a government plan from the early 1970s. The incentive is less charges, but clearly ebay is just implementing this as a money making measure probably thought up by some Ivy League hot shot trying to build their career and resume. Major changes like this are rarely an improvement.
When large amounts of money are involved layers of oversight and professionalism are vital. Paypal has really been a great option for sellers knowing they have your back 100%. You could do a transaction in the evening and have the money in your bank account if you transferred the money out of paypal at 10 pm. Now there is a several day lag, plus ebay grabs their share before you get a dime.
Managed payments is NOT a new product. eBay bought a Payment processor (Adyen) which is being integrated into their system.
It is also worth remembering that PayPal used to also be a 48 hour transfer before it became a 24 hour transfer.
I'm also not sure why anyone cares that much that "ebay grabs their share" before you get a dime. You contracted a service and they take their fee. You're going to have to pay it anyway. PayPal also "grabbed their share" before you got any money. If you consign to Great Collections, do you get full payment and then send the seller's premium back to them?
People just want to hate it because it is different. People despised PayPal when eBay rolled it out and I remember thousands of people claiming they'd quit eBay forever. People wanted to keep using checks and money orders - can you imagine that now? Now, everyone loves PayPal and are mad that it is being replaced. People just hate change because it is change.
No, I don't hate change or a new system "because it is new" but would have expected the same level of quality and efficiency as paypal offered. Actually Paypal is less than 10 hours into the bank account if you did it manually, paid by 10pm, in bank account by 7am.. The new system is at least 48-72 hours. And when you get paid and when they get theirs does matter from any business standpoint. And perception of who is actually making more money also matters when services and choices are significantly less. Let's not just shrug our shoulders and feel helpless to counteract changes that are not in the client's interest.
Depends on who the client is. This is a clear win for the BUYER.
@bigjpst said:
Yea it would be nice if the payout worked faster. Biggest problem I have though is that when I receive PayPal payment I have access to spend for online purchases immediately using PayPal as a payment. Now I’m not sure if the balance eBay has on hold is available for use on eBay, but I know I can’t use it for purchase in another platform. Either way it may be more flexible for buyers but it’s less flexible for the seller.
I doubt any professional seller cares. How long does it take a Visa payment to clear into a retailer's account? My 2 minute internet research says 1 to 3 days. So, this is consistent with Visa/MC/etc.
I'm a semi-professional seller and I don't care. As a buyer, I would never want to use PayPal balances to buy anything anyway. I always want to use a credit card anyway for the cash back. So, if it takes 2 or 3 days for payments to clear to my account, it doesn't bother me at all.
@bigjpst said:
Yea it would be nice if the payout worked faster. Biggest problem I have though is that when I receive PayPal payment I have access to spend for online purchases immediately using PayPal as a payment. Now I’m not sure if the balance eBay has on hold is available for use on eBay, but I know I can’t use it for purchase in another platform. Either way it may be more flexible for buyers but it’s less flexible for the seller.
I doubt any professional seller cares. How long does it take a Visa payment to clear into a retailer's account? My 2 minute internet research says 1 to 3 days. So, this is consistent with Visa/MC/etc.
I'm a semi-professional seller and I don't care. As a buyer, I would never want to use PayPal balances to buy anything anyway. I always want to use a credit card anyway for the cash back. So, if it takes 2 or 3 days for payments to clear to my account, it doesn't bother me at all.
My first sale under mp transitioned smoothly to my business bank acct but 3-4 days lag from sale. It will take getting thru a full month to see how it all shakes out. Hopefully giving buyers more pmt choices will increase sales.
Moving forward I want to analyze variable and fixed eBay selling expense. The fixed portion is my eBay store subscription.
@bigjpst said:
Yea it would be nice if the payout worked faster. Biggest problem I have though is that when I receive PayPal payment I have access to spend for online purchases immediately using PayPal as a payment. Now I’m not sure if the balance eBay has on hold is available for use on eBay, but I know I can’t use it for purchase in another platform. Either way it may be more flexible for buyers but it’s less flexible for the seller.
I doubt any professional seller cares. How long does it take a Visa payment to clear into a retailer's account? My 2 minute internet research says 1 to 3 days. So, this is consistent with Visa/MC/etc.
I'm a semi-professional seller and I don't care. As a buyer, I would never want to use PayPal balances to buy anything anyway. I always want to use a credit card anyway for the cash back. So, if it takes 2 or 3 days for payments to clear to my account, it doesn't bother me at all.
Just an observation. If you run a retail business and are always waiting for 1 to 3 days for your CC payments to clear, you are not going to care that it takes a couple days for Managed Payments to clear.
I really don't care as I don't transfer balances more than once per week now anyway. I will probably set up Managed Payments to do it once per week to cut down on the accounting.
@bigjpst said:
Yea it would be nice if the payout worked faster. Biggest problem I have though is that when I receive PayPal payment I have access to spend for online purchases immediately using PayPal as a payment. Now I’m not sure if the balance eBay has on hold is available for use on eBay, but I know I can’t use it for purchase in another platform. Either way it may be more flexible for buyers but it’s less flexible for the seller.
I doubt any professional seller cares. How long does it take a Visa payment to clear into a retailer's account? My 2 minute internet research says 1 to 3 days. So, this is consistent with Visa/MC/etc.
I'm a semi-professional seller and I don't care. As a buyer, I would never want to use PayPal balances to buy anything anyway. I always want to use a credit card anyway for the cash back. So, if it takes 2 or 3 days for payments to clear to my account, it doesn't bother me at all.
Just an observation. If you run a retail business and are always waiting for 1 to 3 days for your CC payments to clear, you are not going to care that it takes a couple days for Managed Payments to clear.
I really don't care as I don't transfer balances more than once per week now anyway. I will probably set up Managed Payments to do it once per week to cut down on the accounting.
I have a retail business that accepts credit card payments. I get payment the following morning for any sales before 5:00 pm. PST.
And I typically don’t use PayPal balance. for anything other than purchases from people who want PayPal gift option.
My statement still stands. Doesn’t matter what cc companies do. Previously PayPal payment was more flexible than current option.
@bigjpst said:
Yea it would be nice if the payout worked faster. Biggest problem I have though is that when I receive PayPal payment I have access to spend for online purchases immediately using PayPal as a payment. Now I’m not sure if the balance eBay has on hold is available for use on eBay, but I know I can’t use it for purchase in another platform. Either way it may be more flexible for buyers but it’s less flexible for the seller.
I doubt any professional seller cares. How long does it take a Visa payment to clear into a retailer's account? My 2 minute internet research says 1 to 3 days. So, this is consistent with Visa/MC/etc.
I'm a semi-professional seller and I don't care. As a buyer, I would never want to use PayPal balances to buy anything anyway. I always want to use a credit card anyway for the cash back. So, if it takes 2 or 3 days for payments to clear to my account, it doesn't bother me at all.
Just an observation. If you run a retail business and are always waiting for 1 to 3 days for your CC payments to clear, you are not going to care that it takes a couple days for Managed Payments to clear.
I really don't care as I don't transfer balances more than once per week now anyway. I will probably set up Managed Payments to do it once per week to cut down on the accounting.
I have a retail business that accepts credit card payments. I get payment the following morning for any sales before 5:00 pm. PST.
And I typically don’t use PayPal balance. for anything other than purchases from people who want PayPal gift option.
My statement still stands. Doesn’t matter what cc companies do. Previously PayPal payment was more flexible than current option.
PayPal payment wasn't more "flexible" from the Buyer's end.
@bigjpst said:
Yea it would be nice if the payout worked faster. Biggest problem I have though is that when I receive PayPal payment I have access to spend for online purchases immediately using PayPal as a payment. Now I’m not sure if the balance eBay has on hold is available for use on eBay, but I know I can’t use it for purchase in another platform. Either way it may be more flexible for buyers but it’s less flexible for the seller.
I doubt any professional seller cares. How long does it take a Visa payment to clear into a retailer's account? My 2 minute internet research says 1 to 3 days. So, this is consistent with Visa/MC/etc.
I'm a semi-professional seller and I don't care. As a buyer, I would never want to use PayPal balances to buy anything anyway. I always want to use a credit card anyway for the cash back. So, if it takes 2 or 3 days for payments to clear to my account, it doesn't bother me at all.
Just an observation. If you run a retail business and are always waiting for 1 to 3 days for your CC payments to clear, you are not going to care that it takes a couple days for Managed Payments to clear.
I really don't care as I don't transfer balances more than once per week now anyway. I will probably set up Managed Payments to do it once per week to cut down on the accounting.
I have a retail business that accepts credit card payments. I get payment the following morning for any sales before 5:00 pm. PST.
And I typically don’t use PayPal balance. for anything other than purchases from people who want PayPal gift option.
My statement still stands. Doesn’t matter what cc companies do. Previously PayPal payment was more flexible than current option.
PayPal payment wasn't more "flexible" from the Buyer's end.
Haha,
I know you like to be the forum contrarian, but if you read my original post again, I said " Either way it may be more flexible for buyers but it’s less flexible for the seller."
@bigjpst said:
Yea it would be nice if the payout worked faster. Biggest problem I have though is that when I receive PayPal payment I have access to spend for online purchases immediately using PayPal as a payment. Now I’m not sure if the balance eBay has on hold is available for use on eBay, but I know I can’t use it for purchase in another platform. Either way it may be more flexible for buyers but it’s less flexible for the seller.
I doubt any professional seller cares. How long does it take a Visa payment to clear into a retailer's account? My 2 minute internet research says 1 to 3 days. So, this is consistent with Visa/MC/etc.
I'm a semi-professional seller and I don't care. As a buyer, I would never want to use PayPal balances to buy anything anyway. I always want to use a credit card anyway for the cash back. So, if it takes 2 or 3 days for payments to clear to my account, it doesn't bother me at all.
Just an observation. If you run a retail business and are always waiting for 1 to 3 days for your CC payments to clear, you are not going to care that it takes a couple days for Managed Payments to clear.
I really don't care as I don't transfer balances more than once per week now anyway. I will probably set up Managed Payments to do it once per week to cut down on the accounting.
I have a retail business that accepts credit card payments. I get payment the following morning for any sales before 5:00 pm. PST.
And I typically don’t use PayPal balance. for anything other than purchases from people who want PayPal gift option.
My statement still stands. Doesn’t matter what cc companies do. Previously PayPal payment was more flexible than current option.
PayPal payment wasn't more "flexible" from the Buyer's end.
Haha,
I know you like to be the forum contrarian, but if you read my original post again, I said " Either way it may be more flexible for buyers but it’s less flexible for the seller."
No, I agree with that. I was just reiterating because your last post wasn't clear and most people do not read all the posts.
And, I'm not the contrarian any more than anyone who disagrees with me. It's really funny that if I ever disagree, I'm the one being contrarian. Since this was my thread, why isn't everyone disagreeing with me on this thread being contrarian?
No one cares if I agree. I might hit more "likes" and "agrees" than anyone else out here. But if I hit 100 agrees and post one comment that disagrees, I'm a contrarian.
My original post was: here's the rates. And then people jumped in with all the reasons to hate managed payments. But I'M the contrarian.
FYI being contrarian wasn't meant as an insult. Someone needs to "play devils advocate" or give dissenting opinion.
I mostly lurk here, but figured that you did it intentionally to give the other side of the argument. I mean how can someone disagree with me so often since I'm always right.
@bigjpst said:
FYI being contrarian wasn't meant as an insult. Someone needs to "play devils advocate" or give dissenting opinion.
I mostly lurk here, but figured that you did it intentionally to give the other side of the argument. I mean how can someone disagree with me so often since I'm always right.
So as a Buyer this does not affect me at all, but I should be prepared for some day when a Seller tells me he only accepts Managed Payments, and I have to register with them, right?
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So as a Buyer this does not affect me at all, but I should be prepared for some day when a Seller tells me he only accepts Managed Payments, and I have to register with them, right?
No,
Managed payments doesn't really affect you as a buyer except to give you more options to pay. If you want to use paypal, the option is still in the cart.
So as a Buyer this does not affect me at all, but I should be prepared for some day when a Seller tells me he only accepts Managed Payments, and I have to register with them, right?
No,
Managed payments doesn't really affect you as a buyer except to give you more options to pay. If you want to use paypal, the option is still in the cart.
Yes! This is very important to understand both from a buyer perspective and, I believe, eBay's perspective. The ability to use things like Google Pay and Apple Pay is critical for younger customers.
So as a Buyer this does not affect me at all, but I should be prepared for some day when a Seller tells me he only accepts Managed Payments, and I have to register with them, right?
you might have to pull out your credit card on each purchase
Comments
what card / bank gives you 5% cash back?
Amazon Prime VISA gives you 5% back on amazon purchases. I doubt any card (even the eBay Mastercard) gives you anywhere near that when paying your eBay bill.
It looks like managed payments kicked in on my account overnight. A sale had the ebay fees deducted, no indication of when the money will be in my account. Also looks like your postal fees will be deducted from the sale so you can't put those on a credit card either unless you want to go to paypal or stamps.com to buy a shipping label then go into ebay and upload the tracking number.
That's interesting. That's not what the eBay literature said. You might have to change your choice of funding for eBay labels. Although, in the past, you were forced to use PayPal balance for that anyway, so kind of no change.
You need to set up the transfer feature in Payout Settings for your account to daily or weekly and if you choose weekly what day of the week you want them transferred. Then you will know when they are coming.
I tried contacting ebay, no live agents available today. Is there a link for managed payments and preferences with that?
It looks like this is the link to managed payments, but I see no way to control when you get them.
https://www.ebay.com/help/selling/getting-paid/payouts-work-managed-payments-sellers?id=4814
I'll know better on the 22nd when I go live with managed payments.
Did you use the call back option? They always have that option during business hours. [Not that they are always useful once they call back.]
I agree, the call back works but you're likely gonna get a low level functionary with no authority. Peace Roy
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does anyone know what happens if after 3 weeks someone returns an item because they did not like it?
If the seller has free returns, does eBay debit your checking for the shipping and then when item shows delivered to you, debit your checking for the item?
It is discussed in the managed payment documentation on eBay. If you don't find it, I'll pull it up for you after I get done with class.
No agents available, call back or chat today! This may be the first day. I just blew out a bunch of coins well over a grand and have no idea when they release funds now, with paypal the system was smooth.
Just check out all the complaints ebay is getting on their community help forums on this.
Maybe they should have called it eBay mismanaged payments.
https://www.ebay.com/help/selling/managing-returns-refunds/refunding-buyers-as-a-managed-payments-seller?id=5182
That forum is constantly nothing but complaints.
Friend of mine is a toy dealer. He's been using it for a couple months without any issues whatsoever
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Ok, I see how to set the payouts; you click on a transaction and follow the breadcrumbs.
I agree that the ebay community forums are a rough place, with weak moderation with too many cranky people ready to pounce on a naive questioner.
PayPal isn't a bank. At least that is their official position to avoid many regulations.
I've never sold anything on eBay, I just buy stuff.
Could somebody please give me the "Ebay For Idiots" version of what Managed Payments are all about and why they are controversial? I assume that it is intended for them to keep more of your money, but how?
Just got changed over to managed payment 3 days ago.. Ebay charged me 10% for coin sales from my basic store and I have not seen a dime of my money come into my checking account. they said they made a payout of $115.76 and that it may take 4 to 5 days to appear in my account. Makes me think they are MAILING checks FOR THE PAYOUTS. Also, am unable to change my purchase method from PayPal to the checking account.. Seems like a total mess to me.
PayPal and eBay used to be the same company. As such, PP was the de facto electronic payment method for eBay transactions. Since the companies are now separate, eBay decided to offer a wider range of electronic payment options, and keep some of the profits generated by processing payments for themselves. The main reason for controversy, other than general resistance to change, was that certain item categories were initially not eligible to be sold by sellers who had enrolled in Managed Payments. One of those categories was coins. This seems to have been resolved at this point.
As to how eBay makes money on MP, I would assume it charges a percentage to any payment processor who participates in the program.
Are you sure you did the math correctly for the 10% number. I Check mine and it was 8.5%
((Cost of item + Shipping + sales tax) *.085) +.30 = eBay Fee.
As for not seeing the money in your account, If you sold the item on Monday eBay may not have sent the payment until Tuesday and the banks post activity at 0:00. So it may actually be less than a day you've waited.
When the sale is paid, do you get an email from ebay with the actual amount that will be credited to your account ? A number with all the fees and expenses accounted for ?......
Actually I didn't get an email telling me the item had been paid for. There are some new tabs in the seller dashboard one is called payments. If you open the tab and go to transactions it shows the selling amount and the fee charged for each item. If you go to payouts it gives you the date and amount transferred to your bank account.
They are now doing the payment processing instead of PayPal. In that sense, they are keeping the PayPal portion of your money although the overall fees are lower. It actually gives buyers more payment options. You don't need to use PayPal. You can also use things like Google Pay or Apple Pay or a straight-up credit card.
Correct me if I am wrong. Can't people do that through Paypal also. I know a straight up credit card can be used with paypal.
You can use a credit card through PayPal. You can also link PayPal to Google Play, but I don't think you can do it the other way around.
Managed payments is far more flexible and supports multiple foreign currencies as well.
What foreign currencies does paypal not handle that ebay will? I'm just not seeing that flexibility myself, and if it is I'm sure paypal will be their soon.
Not sure. You can Google it. It was originally mentioned as one of the strengths of the managed payments.
Bottom line is it is cheaper and more flexible. As to whether you find that compelling or not is rather besides the point as there is really no choice in the matter.
I got a notice this morning from ebay, two days after the transaction which had showed as that the payment had completed that they were sending me funds to my bank account, presumably an ach. No way to reach them as far as I can see.
Paypal is efficient led by professionals. This new system sounds like a government plan from the early 1970s. The incentive is less charges, but clearly ebay is just implementing this as a money making measure probably thought up by some Ivy League hot shot trying to build their career and resume. Major changes like this are rarely an improvement.
When large amounts of money are involved layers of oversight and professionalism are vital. Paypal has really been a great option for sellers knowing they have your back 100%. You could do a transaction in the evening and have the money in your bank account if you transferred the money out of paypal at 10 pm. Now there is a several day lag, plus ebay grabs their share before you get a dime.
Managed payments is NOT a new product. eBay bought a Payment processor (Adyen) which is being integrated into their system.
It is also worth remembering that PayPal used to also be a 48 hour transfer before it became a 24 hour transfer.
I'm also not sure why anyone cares that much that "ebay grabs their share" before you get a dime. You contracted a service and they take their fee. You're going to have to pay it anyway. PayPal also "grabbed their share" before you got any money. If you consign to Great Collections, do you get full payment and then send the seller's premium back to them?
People just want to hate it because it is different. People despised PayPal when eBay rolled it out and I remember thousands of people claiming they'd quit eBay forever. People wanted to keep using checks and money orders - can you imagine that now? Now, everyone loves PayPal and are mad that it is being replaced. People just hate change because it is change.
Yea it would be nice if the payout worked faster. Biggest problem I have though is that when I receive PayPal payment I have access to spend for online purchases immediately using PayPal as a payment. Now I’m not sure if the balance eBay has on hold is available for use on eBay, but I know I can’t use it for purchase in another platform. Either way it may be more flexible for buyers but it’s less flexible for the seller.
My Ebay Store
I just went back and checked my numbers.. They are charging me from 7.6% up to 8.6% plus 30 cents a sale. I do not have a single sale where it was exactly 8.5%. The range I got was dividing the final value fee by the total sale amount. When you add in the .30 for fees, then the total comes to slightly over 10% which is comparable to PayPal. In transactions where the total sale is less than $18, the total fees are greater than when using PayPal.
Wish I could figure out how to buy things. They still use my PayPal for my purchases.
No, I don't hate change or a new system "because it is new" but would have expected the same level of quality and efficiency as paypal offered. Actually Paypal is less than 10 hours into the bank account if you did it manually, paid by 10pm, in bank account by 7am.. The new system is at least 48-72 hours. And when you get paid and when they get theirs does matter from any business standpoint. And perception of who is actually making more money also matters when services and choices are significantly less. Let's not just shrug our shoulders and feel helpless to counteract changes that are not in the client's interest.
PAYPAL was a separate company running a couple years before eBay bought it (and free when Peter Thiel and 5 others started it). It was running well when eBay bought it. People were still allowed to write checks, money orders or cash for eBay purchases if that is what they wanted to do.
I see problems with the Adyem processor integration. Some sellers will not ship until the have money. Other sellers are having difficult time getting started. Returns are going to be messy. With more access and control of my checking account balance than I want at this time.
We will see how eBay is doing a year from now.
Maybe eBay will buy USPS (or other shipping service), to get even more control and money from their hosted auctions.
Depends on who the client is. This is a clear win for the BUYER.
I doubt any professional seller cares. How long does it take a Visa payment to clear into a retailer's account? My 2 minute internet research says 1 to 3 days. So, this is consistent with Visa/MC/etc.
I'm a semi-professional seller and I don't care. As a buyer, I would never want to use PayPal balances to buy anything anyway. I always want to use a credit card anyway for the cash back. So, if it takes 2 or 3 days for payments to clear to my account, it doesn't bother me at all.
You really are starting to sound like a paid advertiser for eBay!
My first sale under mp transitioned smoothly to my business bank acct but 3-4 days lag from sale. It will take getting thru a full month to see how it all shakes out. Hopefully giving buyers more pmt choices will increase sales.
Moving forward I want to analyze variable and fixed eBay selling expense. The fixed portion is my eBay store subscription.
Just an observation. If you run a retail business and are always waiting for 1 to 3 days for your CC payments to clear, you are not going to care that it takes a couple days for Managed Payments to clear.
I really don't care as I don't transfer balances more than once per week now anyway. I will probably set up Managed Payments to do it once per week to cut down on the accounting.
I have a retail business that accepts credit card payments. I get payment the following morning for any sales before 5:00 pm. PST.
And I typically don’t use PayPal balance. for anything other than purchases from people who want PayPal gift option.
My statement still stands. Doesn’t matter what cc companies do. Previously PayPal payment was more flexible than current option.
My Ebay Store
PayPal payment wasn't more "flexible" from the Buyer's end.
Haha,
I know you like to be the forum contrarian, but if you read my original post again, I said " Either way it may be more flexible for buyers but it’s less flexible for the seller."
My Ebay Store
No, I agree with that. I was just reiterating because your last post wasn't clear and most people do not read all the posts.
And, I'm not the contrarian any more than anyone who disagrees with me. It's really funny that if I ever disagree, I'm the one being contrarian. Since this was my thread, why isn't everyone disagreeing with me on this thread being contrarian?
No one cares if I agree. I might hit more "likes" and "agrees" than anyone else out here. But if I hit 100 agrees and post one comment that disagrees, I'm a contrarian.
My original post was: here's the rates. And then people jumped in with all the reasons to hate managed payments. But I'M the contrarian.
FYI being contrarian wasn't meant as an insult. Someone needs to "play devils advocate" or give dissenting opinion.
I mostly lurk here, but figured that you did it intentionally to give the other side of the argument. I mean how can someone disagree with me so often since I'm always right.
My Ebay Store
Fair enough. Although I am consistently pro-eBay
Thanks for the replies.
So as a Buyer this does not affect me at all, but I should be prepared for some day when a Seller tells me he only accepts Managed Payments, and I have to register with them, right?
No,
Managed payments doesn't really affect you as a buyer except to give you more options to pay. If you want to use paypal, the option is still in the cart.
My Ebay Store
Yes! This is very important to understand both from a buyer perspective and, I believe, eBay's perspective. The ability to use things like Google Pay and Apple Pay is critical for younger customers.
You'd think they could find an Old Fart somewhere who could explain to them how to use PayPal.
you might have to pull out your credit card on each purchase