The MLP Arena

TCB => Trader & Shipping Support => Topic started by: plushroo on December 08, 2020, 02:33:01 AM

Title: Ebay new payment policy
Post by: plushroo on December 08, 2020, 02:33:01 AM
If you sell on ebay, you probably know that ebay will now send your selling profits to your bank account after deducting their fees instead of paypal. I had to give them my bank info and just today got notified the payment is being transferred for an item I sold Thursday and may take a few days to reach my account. I don't know about anyone else, but part of the reason I sold on ebay was so I could have instant paypal funds as an alternative to spending what was in my bank account (which isn't much now that I'm unemployed). I personally don't like dealing with banks and the bank having access to my money to possibly take their own fees out of has taken out any fun in making extra income. So with that, I will finish up selling all my doubles and probably stop selling on ebay after the first of the year. I really wish they'd leave stuff alone and stop changing everything up for the worse, but know that isn't likely.
Title: Re: Ebay new payment policy
Post by: Aflame on December 08, 2020, 05:28:42 PM
thats rubbish ! eBay should put it as an option to do that  not make it compulsory !
Title: Re: Ebay new payment policy
Post by: banditpony on December 08, 2020, 05:59:17 PM
thats rubbish ! eBay should put it as an option to do that  not make it compulsory !

Eh. Ebay breaking off their relationship with Paypal was announced almost 3 years ago, I think... but there could of been better communication about the process. I remember some sellers being forced to opt in quite early.

There are some positives though. Our money is a bit safer, and the fees for Ayden should be less than Paypal.. oh and no ability for a paypal charge back, when an ebay dispute ends in the seller's favor (although still potential for CC charge back).

So here is why I say it's safer.
It's not safe to have money sitting in your paypal account. There is NO protection for it (US only, I believe in Europe paypal is held accountable like a bank). There's horror stories of sellers getting their accounts locked or funds drained for things that they weren't at fault for and never being able to get that money back.

It's also not very safe, in my opinion, to spend money received before a transaction is over. If a buyer decides on a whim they don't want the item, and opens a INAD case and there are no funds in the account... then it gets frozen until that  money is replaced. If it's spent, then the seller is in a pickle if they don't have funds to put in there.

If they have the ability to pull out of the bank account... there's no way I would ever sell on ebay again. I'm unsure about that. I'd take back my statement about being safer if that was the case.

ETA:
Not all sellers are switched over yet. My husband has been selling this month, and he isn't switched over. I haven't gotten any email communication about my account either. I'm reading that they expect most people to switch by mid-2021?

Hm. u_u; now that I think about it a delayed payment would be annoying, just because a seller would most likely need to ship before funds hit their account. That will be a change... although other sites do that, like Mercari...
Title: Re: Ebay new payment policy
Post by: flying_narwhal on December 08, 2020, 08:15:21 PM
thats rubbish ! eBay should put it as an option to do that  not make it compulsory !

Eh. Ebay breaking off their relationship with Paypal was announced almost 3 years ago, I think... but there could of been better communication about the process. I remember some sellers being forced to opt in quite early.

There are some positives though. Our money is a bit safer, and the fees for Ayden should be less than Paypal.. oh and no ability for a paypal charge back, when an ebay dispute ends in the seller's favor (although still potential for CC charge back).

So here is why I say it's safer.
It's not safe to have money sitting in your paypal account. There is NO protection for it (US only, I believe in Europe paypal is held accountable like a bank). There's horror stories of sellers getting their accounts locked or funds drained for things that they weren't at fault for and never being able to get that money back.

It's also not very safe, in my opinion, to spend money received before a transaction is over. If a buyer decides on a whim they don't want the item, and opens a INAD case and there are no funds in the account... then it gets frozen until that  money is replaced. If it's spent, then the seller is in a pickle if they don't have funds to put in there.

If they have the ability to pull out of the bank account... there's no way I would ever sell on ebay again. I'm unsure about that. I'd take back my statement about being safer if that was the case.

^This. This split was announced a long time ago and eBay has been phasing people into the Managed Payments program for a while. I don't love their Managed Payments system but it does have some positives like banditpony mentioned. I'll reserve judgment until I've had more experience with it. So far I have had one issue. eBay said my deposit failed (when all other deposits had gone through just fine) and to contact my bank. After some research, I learned others were having the same issue and that the problem was on eBay's end. The money was re-sent later that day and went through normally. I do think that eBay needed to take more time to make sure this system was fool proof before implementing it.

I used to love Paypal but over the years they have made some changes that I didn't like- 180 days for buyers to open a claim, keeping their fees when you refund someone (this is especially infuriating when someone instantly asks to cancel after paying on eBay), and more recently, removing buyer protection for items purchased with the intent to resell. I have not personally had any major issues with Paypal but my husband has to the point that he hates it with a passion.

As for not having the money instantly- yes I definitely miss that.
Title: Re: Ebay new payment policy
Post by: Taffeta on December 09, 2020, 12:58:08 AM
The issue of Brexit may or may not affect how those regulations operate in the UK after the end of this month so probably worth keeping an eye on re Paypal and protection, etc.

I use paypal but haven't been able to sell this year. Ebay's fees have been ridiculous for a while tbh. And the loss of categories as well. But the fact that they're streaming people's searches for them also has put me off resuming sales on ebay when things are back on track here.

I am not really intending on doing more selling going forward than just what I have left, but ebay is a lot different from what it was when it first began, and it has been bending more and more towards 'business' and less towards the individual.

I suppose you can set up an internet account separately to deal with it.

Question - does it affect buying things as well re using paypal as a payment method? I would assume that it does, but I haven't noticed any change at present...?
Title: Re: Ebay new payment policy
Post by: banditpony on December 09, 2020, 01:04:35 AM
Question - does it affect buying things as well re using paypal as a payment method? I would assume that it does, but I haven't noticed any change at present...?

That won't happen any time soon. It could potentially happen in 2023, from what I've read. (Although I read that ages ago).
Title: Re: Ebay new payment policy
Post by: Beth3346 on January 12, 2021, 03:08:47 PM
Ugh I switched over to the Bank deposit and the first payouts went through fine. Now the payment that was supposed to go through today was declined by my bank. Is says it will retry so hopefully it was just a hiccup. I kind of liked paypal because i could have more control over the money i get from selling my collection. I'm downsizing my collection and then i'm done with ebay. the seller section of their site is so confusing and buggy.
Title: Re: Ebay new payment policy
Post by: flying_narwhal on January 12, 2021, 09:10:43 PM
Ugh I switched over to the Bank deposit and the first payouts went through fine. Now the payment that was supposed to go through today was declined by my bank. Is says it will retry so hopefully it was just a hiccup. I kind of liked paypal because i could have more control over the money i get from selling my collection. I'm downsizing my collection and then i'm done with ebay. the seller section of their site is so confusing and buggy.

I had this same problem a couple months ago. First few deposits went through with no issue then suddenly it said the payout was declined by my bank. It turned out the problem was actually on eBay's side (they sent an email out later that day). Like you said, hopefully it was a hiccup that will be resolved within a couple days.
Title: Re: Ebay new payment policy
Post by: tailrustedtealeaf on January 13, 2021, 12:26:12 AM
The first thing I saw on the ebay subreddit today was a slew of people not receiving payouts. Hopefully it's cleared up now. I set up all my information but haven't re-listed yet.
Title: Re: Ebay new payment policy
Post by: Beth3346 on January 13, 2021, 03:06:49 AM
it retried and it says it sent successfully. hopefully the funds will show up in my bank account in a few days
Title: Re: Ebay new payment policy
Post by: Dragonflitter on August 22, 2021, 02:56:25 AM
After a long period where I wasn't selling anything, I decided to get rid of some stuff in my house that I found during spring cleaning. I was confused about the messages I was getting on ebay about banks etc, so I came to the Arena to see if I could find anyone posting about the change. This topic cleared up my confusion, thanks guys. :)
Title: Re: Ebay new payment policy
Post by: Loa on August 22, 2021, 04:50:01 AM
The system is called something else here, it seems to have differing names depending where you are?
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