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eBay's new managed payment system is a mess
- Thread starter nilbog
- Start date
From what I heard, they'll send you an email that you have to convert by a specific date, or you won't be able to make new listings. It's only for a minority of accounts right now, but they're switching everyone to it by mid-2021.
We don't want them to die as there isn't another alternative to eBay that even comes close, but they need someone to take them over that isn't Amazon to change things up. The company as a whole has turned into buyer-centric as they keep punishing us sellers for every little thing.
Wait, what? Is this a requirement?
Like hell I'm giving them my SS#. That's a hard no from me.
Tax purposes, I believe, in order to tax the people that make buckets of money.
i've never really had an issue with ebays support system, though the call times can be bad. i do wish they were more open about issues like this though and addressing it sooner rather than later. i get the complaints about ebay rushing to support buyers over sellers, but overall i find the policy friendly to me as a seller with protections in place.
playing on ebay does require more research then before. including making sure your listings are filled with info, even if it seems like overkill listing a bunch of details no one will read. if you do have an issue with a buyer its important to have as much material as possible in your listing to use in your defense. overall you rarely run into problems with buyers that can't be resolved between you and them.
so far im enjoying the simplicity of managed payments, there is a control aspect to the money being with paypal i do miss though. having eBay eat fees immediately took some time to adjust to... yet im also saving 30-40 cents on every transaction in fees, which is nice.
overall it seems like a better investment in the platforms future. it also helps close scam shops, tax avoidance and addresses abuse between ebay and paypal that has been taking place for way too long. when paypal was part of the company, i got the advantage of dealing with the negatives but as a seperate marketplace ebay needs more control. given how little paypal is regulated and how easy it is to commit fraud on the platforms, its not surprising to see new requirements coming.
playing on ebay does require more research then before. including making sure your listings are filled with info, even if it seems like overkill listing a bunch of details no one will read. if you do have an issue with a buyer its important to have as much material as possible in your listing to use in your defense. overall you rarely run into problems with buyers that can't be resolved between you and them.
so far im enjoying the simplicity of managed payments, there is a control aspect to the money being with paypal i do miss though. having eBay eat fees immediately took some time to adjust to... yet im also saving 30-40 cents on every transaction in fees, which is nice.
overall it seems like a better investment in the platforms future. it also helps close scam shops, tax avoidance and addresses abuse between ebay and paypal that has been taking place for way too long. when paypal was part of the company, i got the advantage of dealing with the negatives but as a seperate marketplace ebay needs more control. given how little paypal is regulated and how easy it is to commit fraud on the platforms, its not surprising to see new requirements coming.
Another reason this is a mess: eBay is removing the account activity/invoice page entirely and combining it with your transactions on the payments page, but as of now, there doesn't appear to be any breakdown of fees like there used to be. I have one transaction under the new system and I can only see the total fee amount, with no further details. Since the old invoice system is in the process of being removed I also can't see the breakdown of my current balance which seems higher than it should.
Anyway, I'm just about done with both PayPal and eBay as they both absolutely fucked me recently after a buyer did a credit card chargeback for an item, claiming it wasn't as described (when it was exactly as described), causing me to lose both the money and the item.
Anyway, I'm just about done with both PayPal and eBay as they both absolutely fucked me recently after a buyer did a credit card chargeback for an item, claiming it wasn't as described (when it was exactly as described), causing me to lose both the money and the item.
Or if you live in Massachusetts or Vermont and sell more than $600 worth of goods online in a year. The threshold is $20,000 in every other state I believe. It sucks.
How long did it take for eBay to verify your info?
The "You recently updated your account details. After we review these updates, we'll follow up with you via email." message has been sitting there for like 2 weeks and my payout is stuck in limbo.
The "You recently updated your account details. After we review these updates, we'll follow up with you via email." message has been sitting there for like 2 weeks and my payout is stuck in limbo.
I'm actually more annoyed that they are using SpeedPAK for international shipments. I bought something that eBay said would arrive by the 23rd and as soon as it shipped it changed to January 15th.
SpeedPAK is also notorious for misdelivery and losing packages.
SpeedPAK is also notorious for misdelivery and losing packages.
I'm in the same position. I've been using the service since it was introduced at the start of the year and never changed bank accounts. But 2 weeks ago I was asked to verify, which I did. It said they would be done in 2 days but nothing happened. No email to say they couldn't be verified or anything. Did it again and the same thing has happen. I uploaded a bank statement on Wednesday but the same thing has happened. I'm going to have to call them but I'm putting it off cause their customer service is appalling.
I hate this waiting game on the new system. For me it's been:Sell item and 2 days later, an email of your funds are coming. Then the next day, finally after 3 or so days after being paid from ebay first. I'd rather take the 1.00$ or so fees from Paypal. Does ebay take a bigger chunk of % now of your sale?
I really wish there was another viable alternative to ebay. The high fees and the lack of protection for sellers really suck all of the fun out of selling on there, now you gotta deal with this bullshit payment system too smh.
Ugh, just got this message. Have a few listings up and gonna let those ride. Then gonna find alternatives.
I've been burnt too many times be ebay. I'd rather sell for less in my local area and get cash. After fees and shipping, I often come out ahead.
I've pretty much stopped selling items on eBay because of their strange payment changes. I didn't sell much but I was unable to collect payment on an item I listed a couple of years ago due to being forced to make a PayPal for business account. It was such a hassle setting up that by the time it was good to go, I was unable to collect the payment.