New eBay payment rules.

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rossi46
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New eBay payment rules.

Post by rossi46 » Sun Jan 31, 2021 8:45 am

The new eBay payment procedure, I found out this morning, means that when someone pays by Paypal, they hold it until you request a bank transfer from them (eBay) to you (your bank), minus the fees for selling or final valuation, which eBay say they're going to deduct before sending your cash to you.

I've sold a ton of gaming stuff this last few days and I can't see anywhere where my total 'held' cash is. Meanwhile I'm getting message after message from eBay, nagging me to 'ship asap', despite me not being in possession of a single penny from the sale of the items.

Could buyers potentially cancel their payment after I've shipped the games and paid the fees? This is absolute bu77sh1t. I'm going to take a break from eScum til I see how this is panning out for others.

Anyone else affected by this?
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Megamixer
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Re: New eBay payment rules.

Post by Megamixer » Sun Jan 31, 2021 10:12 am

I've been selling loads lately and the money is just going straight into my Paypal account as usual...

I can only assume that this is "managed payments" which I have seen mentioned when buying stuff.
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Megamixer
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Re: New eBay payment rules.

Post by Megamixer » Sun Jan 31, 2021 10:22 am

Just looked it up. If you search for Managed Payments on Google, you will see that it is the new way which is being gradually rolled out (it has been in trial phase for some years now). Eventually it will be mandatory as ebay and Paypal have split.
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rossi46
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Re: New eBay payment rules.

Post by rossi46 » Sun Jan 31, 2021 10:35 am

Ebay and I have split, too in that case. That was the last of 18 packages sent off today. (Our local Post Office in WHSmiths is trialing opening on Sundays for a few weeks). My Saturn and Gamecube consoles, finishing tomorrow, I took off the site. Apologies to any RG members who were bidding.

When I click on my account status, it says 'available funds -£28.17 processing £51.65. None of these figures make any sense as I sold Saturn games for at least 3 times this amount and have yet to see a penny. Once again, the sellers take the hit before anyone else.

I'm just venting, but also warning anyone else who doesn't know.
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DPrinny
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Re: New eBay payment rules.

Post by DPrinny » Sun Jan 31, 2021 10:52 am

Not had any messages or emails about it, would be a bit of a prig

Im about to sell some more games on there

ulrich7ad
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Re: New eBay payment rules.

Post by ulrich7ad » Sun Jan 31, 2021 2:03 pm

Thanks for that, didn't know.

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Megamixer
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Re: New eBay payment rules.

Post by Megamixer » Sun Jan 31, 2021 2:41 pm

rossi46 wrote:
Sun Jan 31, 2021 10:35 am
When I click on my account status, it says 'available funds -£28.17 processing £51.65. None of these figures make any sense as I sold Saturn games for at least 3 times this amount and have yet to see a penny. Once again, the sellers take the hit before anyone else.
Might be a silly thing to ask, but did you get enrolled in this midway through your latest sales i.e. some of the money has gone to Paypal and only some of it went through the new ebay scheme hence the seemingly low amount in the ebay report?

I'll have to see how this goes. I sell a lot on ebay but not just games - all kinds of random tat. Where else can you sell with a big audience that doesn't have a very specified category? Forums are dead for selling and I don't use Facebook.
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Re: New eBay payment rules.

Post by Antiriad2097 » Mon Feb 01, 2021 1:27 am

Well this is annoying. I was just about to start welling some stuff this week as we're having a clear out.
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Re: New eBay payment rules.

Post by Megamixer » Mon Feb 01, 2021 2:16 am

^^^ You might still be okay. As I said, it's all still normal for me right now so they haven't gotten around to rolling the new system out to everybody yet. I would have thought that they'd have to inform you via an email about such a big change.

Been thinking about this some more and really, this is how MOST sites work anyway if you are a seller. My sister sells crafty stuff on Etsy and it's exactly the same ie. the platform holder holding your money briefly and you being expected to ship before the money hits your bank. Perhaps it's a case of ebay actually being the anomally with access to money immediately and we've just gotten used to it because thats how ebay has always been from the start.

I also think that this was inevitable as we've seen ebays language and terminology shift to a more professional, business-like tone for private sellers over recent years. They want the site to look more appealing and trust-worthy to new punters. Indeed, private sellers are now referred to as "marketplace members"...

Doing away with Paypal isn't necessarily without a silver lining either. It's one less set of fees to pay on sold items (provided ebay don't increase theirs, which wouldn't make any sense since they didn't see a penny of a Paypal fee anyway so they aren't losing anything) and Paypal are notorious for freezing accounts, demanding ID and proofs out of the blue, blocking transactions, and holding money for big-ticket sales and not releasing it until the item has been shipped and confirmed as delivered. They act like a bank when they AREN'T a bank.
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dste
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Re: New eBay payment rules.

Post by dste » Mon Feb 01, 2021 12:36 pm

I haven't sold on Ebay in years now, couldn't be bothered with the fees and scammers.

Probably only bought 2-3 items in the past couple of years now as well. Enough other sites to buy from these days.
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Re: New eBay payment rules.

Post by Antiriad2097 » Mon Feb 01, 2021 2:32 pm

Where to sell if not ebay though?
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Re: New eBay payment rules.

Post by DPrinny » Mon Feb 01, 2021 3:04 pm

Antiriad2097 wrote:
Mon Feb 01, 2021 2:32 pm
Where to sell if not ebay though?
Gumtree, Shpock, Facebook
The first two are a bit naff, Facebook has morons that cant read and lowballers

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RetroBob
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Re: New eBay payment rules.

Post by RetroBob » Mon Feb 01, 2021 5:12 pm

There's also retroplace.com, see the SNK cover issue a couple of years ago for more info.
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Re: New eBay payment rules.

Post by Megamixer » Tue Feb 02, 2021 1:40 pm

I don't sell on FB, Instagram or anything like that because of the low-ballers and the people that expect you to be online constantly and replying to their messages immediately. I'm not that kind of person to want to be "connected" all the time.

One thing that ebay can't be beaten on is that you can sell pretty much anything. I tend to like buying (and selling later when I'm bored or need funds) specialist, obscure stuff that you can only get sold (for the maximum money) on ebay. Stuff like gaming-related figures imported from Japan for example - I don't tend to have any of these anymore but when I DID, you could only really sell them on ebay. It's not the kind of thing that somebody in your area on Gumtree is going to pay top value for, if you could actually FIND somebody who wanted to buy it.

I want to be open-minded about all of this and give the new system a go when it gets round to me. Yep, there's stuff I don't like the sound of but I really don't think you'll get any systems weighted towards the seller elsewhere. Yeah, you can sell without fees to people on social media but that brings it's own bunch of issues. Also, perhaps I've been lucky, but I haven't had to deal with scammers and non-payers as a seller on ebay for some years now.
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Re: New eBay payment rules.

Post by Shinobi » Mon Feb 15, 2021 3:48 pm

EBay forced me to update to the new payment method, but they’ve also been giving me £1 listings. So something I sold for £310 I got £309.

Basically EBay take what they are owed and pay in the rest so I guess it can seem a lot less.
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