Buying some TOYS? Use these nifty links to help support the Mego Museum!

Support the Museum! Buy toys!
ReMegos @ Entertainment Earth | Megos on eBay | Amazon USA | Amazon UK | Amazon Canada


Running the Museum isn't cheap, and we could use your help!

Page 1 of 2 12 LastLast
Results 1 to 10 of 20

Thread: New eBay payment policy?

  1. #1
    Join Date
    Aug 29, 2007
    Location
    Central Kentucky
    Posts
    876
    Images
    1

    New eBay payment policy?

    Forgive me if this has been discussed somewhere else... if so, mods please delete the thread.

    Got the notice that eBay will begin deducting their share first and then paying out to seller... I guess that's fine unless I'm missing something.

    Also that funds won't be placed in a PayPal account but will be deposited directly into a bank account.

    Sounds like there has been a falling out with PayPal maybe? I'm not terribly alarmed at any of this, but wondered what you guys though of it... anything I'm missing?

  2. #2
    Join Date
    Apr 23, 2014
    Posts
    507
    Images
    6
    I don't think they've had a falling out with Paypal. I just sold something yesterday and the funds went directly into my paypal account. I've been selling on ebay for over 15 years.
    Are you starting a new account? Maybe things are different for first time sellers? Maybe things will change after you establish yourself.

  3. #3
    Join Date
    Feb 15, 2004
    Location
    Where Creatures Roam
    Posts
    33,035
    Images
    6
    Blog Entries
    1
    Like RonnyG I've been selling there for over 10 years and have not received any kind of notice like that. They've always deducted the sales fees right off the top with me.
    You must try to generate happiness within yourself. If you aren't happy in one place, chances are you won't be happy anyplace. -Ernie Banks

  4. #4
    Join Date
    Oct 1, 2009
    Location
    Jefferson, Ohio
    Posts
    7,518
    eBay is switching over to a new system called managed payments, and yes, ALL sellers will eventually be required to switch over.

    My company got their notice last year. I just got mine for my personal account this week. You have no say so in the matter. They require you to do it, or you cannot sell any more.

    It's really not a big deal. The fees are slightly less, and you don't have to transfer or spend your Paypal money.

  5. #5
    Join Date
    Feb 15, 2004
    Location
    Where Creatures Roam
    Posts
    33,035
    Images
    6
    Blog Entries
    1
    I use paypal plenty so I don't have a problem spending it. Well maybe my days of selling there are nearing an end. They aren't getting access to my bank or CC.
    You must try to generate happiness within yourself. If you aren't happy in one place, chances are you won't be happy anyplace. -Ernie Banks

  6. #6
    Join Date
    Apr 17, 2012
    Location
    Illinois
    Posts
    3,085
    Images
    10
    I think it's a incremental roll out. They wanted me to do it in December, but I didn't. They sent me another email yesterday saying I have until the 20th I think. After that date I can't list anything new unless I link my bank account with them.

    I would be ok with it, but they are just raising their fees so even though we won't have Paypal fees, there's not much benefit for us. Plus they get to keep your money as it's not an immediate payout.

    Kind of trashy IMO.

  7. #7
    Join Date
    Apr 23, 2014
    Posts
    507
    Images
    6
    It sounds similar to what Mercari does. If I sell something, I don't get paid until it's delivered and the buyer rates me.

  8. #8
    Join Date
    Feb 15, 2004
    Location
    Where Creatures Roam
    Posts
    33,035
    Images
    6
    Blog Entries
    1
    ^^ If all that comes to pass I am out. That is ridiculous to have to mail something before getting the money.
    You must try to generate happiness within yourself. If you aren't happy in one place, chances are you won't be happy anyplace. -Ernie Banks

  9. #9
    Join Date
    May 15, 2009
    Posts
    2,635
    Here's all the info you need: https://pages.ebay.com/seller-center...s-on-ebay.html

    It's happening to everyone, no you can't opt out. Ebay will hold your money depending on when they decide to release.

    It's a real pain the neck for most sellers as I'm sure I'm not the only one who used whatever cost the person paid to pay for shipping. Now you will pay out of pocket for shipping since your money will not be available instantly anymore. Expect up to a week for your money to be deposited, sometimes twice that, depending on how you decide to structure your payouts.

    On the plus side, Ebay takes their money instantly, so you don't get hit with unexpected hundreds of dollars "Ebay fees" at random times in the month.

    Ebay obviously had a falling out with PayPal and realized PayPal was getting all those nice fees they could also be getting. There's no real proof of concept if Ebay will offer the same sort of protections that PayPal has.

  10. #10
    Join Date
    Oct 4, 2008
    Location
    Mid Hudson Valley, NY
    Posts
    9,656
    Images
    12
    well if enough people walk away from ebay they will switch back. i will not link my bank account to ebay. i didn't even do it for paypal

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •