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Old 05-05-2021, 12:14 PM   #21
Andy from Sandy
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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?
I haven't looked yet but do you have to setup a direct debit? If not then they cannot take money from your account.
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Old 05-05-2021, 12:35 PM   #22
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Quote:
Originally Posted by Andy from Sandy View Post
I haven't looked yet but do you have to setup a direct debit? If not then they cannot take money from your account.
Yep, you have to set up a direct debit.
I've gone through it but not sold anything yet, and in 2 minds now as I mostly just buy on ebay.
The increased charges are applicable for any payment method including cash which isn't the best.

EDIT - regarding the £1 max fee offers, I had a "Get 80% off Final Value Fees (excludes 30p order-level fees)" offer through as soon as I'd added an account/direct debit so it looks like this will be the norm for selling offers in the future.

Mike

Last edited by mikep99; 05-05-2021 at 12:39 PM.
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Old 05-05-2021, 12:58 PM   #23
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They won't be getting access to my account, I've suspended my seller account so they can get stuffed. Aliexpress is much better than it used to be - and they still accept paypal, shipping isn't too bad either I've had stuff from the EU in 3-4 days and stuff from China within 2 weeks.
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Old 05-05-2021, 03:24 PM   #24
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The change in fees makes it cheaper for most sellers, I like the idea of fees coming out of payments rather than a monthly invoice, it means the money you get is the money you keep.
I have a direct debit with paypal as a backup to my cards and PP balance and it operates quite well but I have zero trust in ebay being able to operate correctly and rectify mistakes so won't be setting it up, I'm a buy only after the change.

Fees piece taken form MSE:

Quote:
Existing system. When an item sells, eBay charges a flat 10% of the sale price, including postage. PayPal's cut is 2.9% of the final amount, including postage, plus 30p for each transaction.
So sell something for £10, plus £3 delivery, and eBay will take £1.30 while PayPal takes 68p. This leaves you with £11.02.
Alternatively, sell something for £100, plus £2.50 delivery, and eBay will take £10.25 while PayPal takes £3.27. This leaves you with £88.98.

New system. eBay will charge a final value fee of 12.8%, including delivery, plus 30p per order, while PayPal will be cut out of the equation. This means you'll be fractionally better off.
So take your £10 sale, plus £3 delivery, and eBay will take £1.96, leaving you with £11.04.
Alternatively, sell something for £100, plus £2.50 delivery, and eBay will take £13.42, leaving you with £89.08.
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Old 05-05-2021, 04:04 PM   #25
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All that dicking around and you'll save a whole 2p on your tenner example, you will also lose the paypal buyer protection and if you do decide to sell and something goes wrong you'll be robbed of £16
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Old 07-05-2021, 08:37 PM   #26
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I think, give it 12 months, perhaps 18, and eBay will introduce payment by Paypal as before.I think they will haemorrhage members and lose an absolute fortune. Either that or they will continue with their heads in the sand until eBay goes **** up.
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Old 12-05-2021, 09:59 AM   #27
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Switched my current account and logged in to paypal to update, and the default addition is now for open banking giving them access to transactions and balances. Errrr, no thanks.
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Old 12-05-2021, 01:53 PM   #28
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I am slightly confused as years ago I added a bank account to paypal. The account can be used to make payments and so paypal must have access. I don't think anything has changed on this for years.

Incidentally I opened an account at a different bank for this.
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Old 12-05-2021, 08:32 PM   #29
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Previously paypal would set up a direct debit to your account and that is all, this is still an option if you skip the open banking step. If you don't skip that step, they get access to all your transactions and balance and can store and use them.
So paypal become aware of your pornhub subrcription, the 4 takeaways a week you have, how much you spend in asda, what you transfer to your online bookies account etc etc etc
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Old 12-05-2021, 08:41 PM   #30
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Quote:
Originally Posted by JoeyJoeJo View Post
Previously paypal would set up a direct debit to your account and that is all, this is still an option if you skip the open banking step. If you don't skip that step, they get access to all your transactions and balance and can store and use them.
So paypal become aware of your pornhub subrcription, the 4 takeaways a week you have, how much you spend in asda, what you transfer to your online bookies account etc etc etc
Do you mean EBay gets access to transactions etc?... not Paypal.
This is how I understand it.
I don't think there's any similar change for paypal to have further access.

ta
Mike
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