Ebay....getting paid.

[John Lever]

Just received notification of the new way to get paid on eBay. Money will now go directly into your account minus any fees and other charges, 2 days after a sale. Does this mean it could be 2 days after an item is posted ? If so that would worry me so would giving bank details to eBay.

 

[Southoftheborder]

Just part of the eBay/PayPal ongoing divorce I would guess. I haven't had the email yet but it doesn't sound very appealing.

 

[busdrivermike]

Yeah I got that notice also, at first I thought it was a scam
I looked it up

This is why eBay is dropping PayPal as their payments provider - IMRG

eBay will be replacing PayPal as its main payments processing provider. With the rapid growth and acceptance around the world of PayPal as a strong ecommerce payment option and PayPal being the preferred payment method for most customers who buy and sell on eBay, many may be wondering why eBay...

www.imrg.org

eBay shakes up seller fees and switches to direct payments – what you need to know

eBay sellers will soon be paid directly into their bank rather than into PayPal accounts. It means PayPal will no longer take a slice of your earnings, but eBay's hiking fees. We explain the full details on what's happening and who the winners and losers are

www.moneysavingexpert.com

 

[John Lever]

A place to buy not to sell IMO

 

[Bombing IP]

In the USA we have been doing this since last year ,no problems as yet .

BIP

 

[Bombing IP]

If you are going to sell you need really cheap stuff to sell in volume or real rare stuff that no one has .Then its a good gig ,dont expect people to pay for your mistakes because you paid to much for it .That's just not going to fly its an art and if you understand it you will make money .I have been on since 2003 made a lot of money ,it helps pay the bills for sure because we are sure not getting any pay raises anymore !.

BIP Jeff

 

[foster]

I stopped selling on eBay as a result of this. A good friend who sells regularly on eBay has told me he is displeased with the new payment format. He expressed that in many cases, the buyer receives the item before he (as the seller) receives the funds. It's definitely shifting what he sells on there.

 

[Officer Dibley]

You don’t have to ship immediately. I always have on it that i will ship within 10 working days - even though i usually ship within 24 hours. I’ll just make sure i state 10 days more ckearly & that it is to allows funds clearance or say “shipping only after funds cleared”.
Not a huge problem unless it will now cost more than the old way...
Dave

 

[Juanito]

I have been on eBay since 1998 and for about 4 years, that's what I did for income. Nothing stays the same of course, but it isn't even a whisper of what it used to be. This latest iteration was the final straw. I will still buy on there, but have closed my seller relationship with them.

 

[917_k]

I’ve just sold my first load of stuff with this new method and it couldn’t have gone smoother. Funds took about a day or so to clear into my account, so I just held off on posting anything until I’d been sure the payment had cleared.

The biggest benefit by far is you’re no longer paying PayPal fees, so when eBay runs one of their £1 final fee special offers, it’s literally only costing £1 to sell something.

 

[Happy Hooligan]

and if you sell it on a Friday, you don't get paid till Tuesday! isn't that nice.

 

[Micawber]

I just checked and found that I have had my current eBay account since June 1997 but seem to remember having another account for a while prior to that. Back then many people would not ship out of the US so I would get items sent to friends over there who would forward them on. I did the same for items I knew they were looking for in the UK. Payment was a chore [escrow and other things I can't remember] but we sorted a mutually beneficial scheme. I think eBay UK started up in the late '90's followed by Paypal being called Paypal in the early 2000's. I was never entirely happy with Paypal who always seemed to be slightly "on the huh" [local dialect for a bit skewed] and on the lookout for themselves. Some of the dispute rulings they have handed down over the years are just pure fantasy BS and you can rarely deal directly with a human being who understands anything outside of their scripts.

As Juanito hints at the earlier years were the best, when it was geared to the private seller selling personal items or collectables. There were genuinely good items to be had then but know everyone and their blind cat thinks they have the Crown Jewels.

 

[bn1966]

Enjoyed the early days more but I still buy and sell on there. Useful for moving on the purchases that don’t work out & shifting vehicles through their classified.

 

[Rutger]

10 years ago buying in the US was great. Shipping was cheap, no automatic customs, and many sellers would help out by declaring a much lower than actual value. Yeah, I know that's fraud......

Shipping has about tripled, automatic customs was the final blow.
Now the same is happening in the UK.

The insurance from Paypal did a lotta good. I must have had at least three transactions from which I never got the item, the sellers invariably disappearing after a couple weeks. It included at least one gold coin of a couple hundred dollar, and a few memory cards which at the time were expensive enough over here to warrant buying them in Hongkong.

 

[ausreenactor]

Just received notification of the new way to get paid on eBay. Money will now go directly into your account minus any fees and other charges, 2 days after a sale. Does this mean it could be 2 days after an item is posted ? If so that would worry me so would giving bank details to eBay.

How do you pay EBay fees? Have to have an account linked?

We have been able to do direct deposit into a personal bank account in Australia for years but PayPal gives you the 'protection', like the Mafia does...