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Old 04-05-2021, 06:24 PM   #1
Alan W
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Unhappy eBay Payment Changes

I received a message from eBay with the following title:

"Getting paid on eBay has changed. You must update your details by: 31 May 2021"

It looks like eBay are dropping PayPal and will make payments direct to, and take money from, your bank account as of the end of May when you sell goods. I don’t have a bank account registered with eBay (or PayPal) for security reasons and will not do so as a result of having my eBay account hacked a number of years ago and items listed in my username (I did eventually get my account back).

However, it now appears that unless you provide your bank details you will be unable to SELL on eBay (PayPal will still be an option for BUYING goods). I did some research and there are a lot of dissatisfied sellers posting in the Community pages and many are threatening to leave due to the new Payment Terms and also the increase in selling fees and charges.

Just a heads-up for anyone that doesn’t have a bank account registered with eBay.

Alan W
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Old 04-05-2021, 06:37 PM   #2
Kenan
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Sold 3 items in the last week and used the new process. Seems to work ok for me and nice to have the money go into the bank rather than sitting with PayPal.

Interesting move, will cost PayPal a lot of income.

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Old 04-05-2021, 06:59 PM   #3
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Rang ebay to talk to one of their customer advisors about this change to "ebay managed payments", even they found it hard not to admit these changes will have a negative impact to selling on ebay.

Link your bank account to ebay so they gain full access to it.
Ebay now takes 12.8% plus a 30p fixed fee for each sale straight away but you will nolonger pay paypal fees.
So ebay get paid instantly, meaning the seller will nolonger have to pay a monthly invoice.
Ebay hold the remaining amount from a sale for 2 days then transfer it to your account.
Sell anything at the weekend or holiday and it's even worse "Bank payouts are only processed on business days, please expect a delay in funds availability during bank holidays. Payouts will resume on the next business day."
Info says it could take another 2 days for the money to transfer into your account.
So you don't get the money from your sale instantly as before with paypal but you are expected to post the item sold to the buyer after ebay get the money.

Dispute fee
When you are found responsible for a chargeback or other disputed amount as per eBay's policies, we charge a £16.80 dispute fee for each dispute.

It's a complete mess imo!!

Cheers
David

Last edited by 91davidw; 04-05-2021 at 07:10 PM.
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Old 04-05-2021, 07:06 PM   #4
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Quote:
Originally Posted by Kenan View Post
Sold 3 items in the last week and used the new process. Seems to work ok for me and nice to have the money go into the bank rather than sitting with PayPal.
Despite this easier payment system (for eBay) they are now charging you more for the privilege of selling (increased fees) and also keeping your money for 2 working days before making payment to your bank account. If you sell on a Friday you will not receive payment until the Tuesday. At least with PayPal the money was available as soon as the buyer sent payment.

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Old 04-05-2021, 07:11 PM   #5
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What will be interesting will be when there is a dispute, will eBay take the money straight out your account without consultation?



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Old 04-05-2021, 07:12 PM   #6
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dont eBay own PayPal?

buy a lot more than I sell but do like the ease and security of PayPal
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Old 04-05-2021, 07:16 PM   #7
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I don't sell half as much as I used to so not really that bothered. Money taking days is not good though, fees are making it worse to sell unwanted stuff as well, increased postage costs too add to it.

Thought PayPal and eBay were owned by same company as well?
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Old 04-05-2021, 07:21 PM   #8
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Quote:
Originally Posted by Kenan View Post
What will be interesting will be when there is a dispute, will eBay take the money straight out your account without consultation?



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No consultation ebay will just take the money straight out of your account.

Cheers
David
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Old 04-05-2021, 07:41 PM   #9
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They parted ways in 2015 but PayPal was their preferred/embedded payment partner.
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Old 04-05-2021, 08:21 PM   #10
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I've noticed I no longer get any £1 max seller fees offers

Nor will I until I link my bank account.
If I go down this route I'll set up a brand new bank account with a £50 float in it for any selling fees in the future.

Certainly not going to link one of my existing accounts.
I, like Alan W had my account hacked years ago and someone was selling two Ducatis a Honda and a 60' yacht on my account.
I got charged the insertion fees and had several hundred emails asking me about the bikes/yacht etc

Caused me some stress for a few days and I've never really wanted much to do with it since, and having the 'safety net' of PayPal has always been a bit of a relief.

Not now though
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