topic Re: The great Ebay scam in Selling

The great Ebay scam

comcol — Thu, 30 Sep 2021 14:40:06 GMT

So is this how the so called managed payments scam actually works?

Buyer used paypal to purchase items but Ebay refuses to send the money to paypal but instead holds it in their own accounts for 24-48 hrs or longer earning interest from millions of dollars it receives every day and then you wait another 2-3 days or more for it to even turn up in your bank account.

Talk about a complete scam.

Sure hope Ebay doesn't think I will be sending items out til the money is in my account because I won't be.

I would not trust Ebay as far as I can spit.

Re: The great Ebay scam

padi*0409 — Thu, 30 Sep 2021 14:58:04 GMT

"Sure hope Ebay doesn't think I will be sending items out til the money is in my account because I won't be."

Then you had better increase your handling time to 5 business days or more because you tell eBay and your buyers in your listings that you will post within 1 business day from cleared payment, which means when eBay has informed you that you can post your items.

Re: The great Ebay scam

repentatleisure1952 — Thu, 30 Sep 2021 20:58:37 GMT

@comcol wrote:
So is this how the so called managed payments scam actually works?

Buyer used paypal to purchase items but Ebay refuses to send the money to paypal but instead holds it in their own accounts for 24-48 hrs or longer earning interest from millions of dollars it receives every day and then you wait another 2-3 days or more for it to even turn up in your bank account.

Talk about a complete scam.

Sure hope Ebay doesn't think I will be sending items out til the money is in my account because I won't be.

I would not trust Ebay as far as I can spit.

Late to the party am I.

eBay does not have your funds in "their own accounts".

When was the last time you made a purchase with a credit card?

Re: The great Ebay scam

padi*0409 — Thu, 30 Sep 2021 23:19:14 GMT

TC, you realise we are ruining a good story with facts don't you ??

Re: The great Ebay scam

sugar249 — Fri, 01 Oct 2021 01:11:34 GMT

@comcol wrote:

Sure hope Ebay doesn't think I will be sending items out til the money is in my account because I won't be.

But one thing in your rant you have forgotten is the customer, the customer has paid. So even if you are unhappy with the process you signed up to when you agreed to managed payments, don't inflict the punishment on the customer.

If you are not happy with the process, don't sell on Ebay,

Re: The great Ebay scam

jellybirddesigns — Fri, 01 Oct 2021 01:30:29 GMT

If you are on Managed Payments, then Paypal is no longer in the picture, and has been replaced by Adyen.

It is irrelevant how the buyer paid.

Do you have your payouts set to daily or weekly?

If you've just moved over to the new system, there can be a processing delay/overlap, but after the first week it runs very smoothly.

As long as the buyer has paid and Ebay has told you to ship, then you will need to do so within your handling time or risk an account defect.

Re: The great Ebay scam

p9games — Fri, 01 Oct 2021 05:51:45 GMT

I get weekly payouts because it's convenient for me. If Ebay make a few cents interest good luck to them. The notion of Ebay making millions of dollars in interest a day is fanciful. It's not a scam, it's the delivery of a service which I've found reliable. Payouts are like clockwork and the money clears same day in my account.

If you wait to ship until the money clears you'll be out of business pretty soon. Either your customers will neg you out of existence or Ebay will shut you down.

If you want to operate your business with payment up front, check out Gumtree or FB. Ebay really isnt for you

Re: The great Ebay scam

gutterpunkz05 — Fri, 01 Oct 2021 06:35:00 GMT

You will probably be heading for another holiday, obviously have not learnt much.

Learn how MP works, they do not send the money to PP, they send it direct to you after receiving it from PP or whatever other source, and the funds do not accrue interest while processing or on hold.

Re: The great Ebay scam

tickford-t3 — Fri, 01 Oct 2021 07:38:29 GMT

sugar249 where is your listings, you have no listings at all.................

Re: The great Ebay scam

padi*0409 — Fri, 01 Oct 2021 08:14:22 GMT

With 64 posts on the boards I would have thought you'd have realised by now that posters often use posting ID's and not their selling ID's for the boards (as recommended by eBay).

Re: The great Ebay scam

kopenhagen5 — Fri, 01 Oct 2021 09:19:43 GMT

sugar249 where is your listings, you have no listings at all.............

Grammar police here - where ARE your listings.........😁

Re: The great Ebay scam

katistrophik — Fri, 01 Oct 2021 11:36:43 GMT

@padi*0409 wrote:
With 64 posts on the boards I would have thought you'd have realised by now that posters often use posting ID's and not their selling ID's for the boards (as recommended by eBay).

Yo Padi,

Pretty sure tickford was commenting on this >

No Avi, FB or View Listings on sugars id - has been an ongoing glitch on the US boards for about 2 weeks now

Re: The great Ebay scam

alibru_enterprises — Fri, 01 Oct 2021 11:46:06 GMT

Mmmmmmmmm that’s a problem……… especially in Auction environments

Re: The great Ebay scam

sugar249 — Fri, 01 Oct 2021 11:48:29 GMT

@tickford-t3 wrote:
sugar249 where is your listings, you have no listings at all.................

Not sure what point you are trying to make, does it matter if I don't have any listings, I can still make comments, or do you need listings to comment.

But to set the record straight I have 2 listings on this ID at the present time, yes I know thats not many. But on one other account I have a couple of hundred, with over a thousand items. And I won't go into my third account.

But hey why do I have to justify it anyhow.

Re: The great Ebay scam

digital*ghost — Fri, 01 Oct 2021 12:10:00 GMT

@comcol wrote:
So is this how the so called managed payments scam actually works?

Buyer used paypal to purchase items but Ebay refuses to send the money to paypal but instead holds it in their own accounts for 24-48 hrs or longer earning interest from millions of dollars it receives every day and then you wait another 2-3 days or more for it to even turn up in your bank account.

Have you ever paid with something using a credit or debit card?

Ever looked at your bank account right after making the payment?

Ever notice that the payment you've sent is pending for a day or two?

Ever wondered why PayPal credited your account and made the funds available immediately when buyers paid using credit / debit cards, despite the same processing system where funds wouldn't just immediately transfer from bank to PayPal?

If you had ever read their T&Cs, you would know that they basically considered it an advance on money that would *probably* clear, and for all intents and purposes was still theirs until it did clear, lol. Then, sometimes it actually wouldn't and they'd take it back. eBay have at least guaranteed that funds which have a processing status will clear and be sent - no take-backsies like PayPal. 😅 (Buyer-initiated disputes notwithstanding).

Instant gratification - such a blessing and a curse 🤣

Re: The great Ebay scam

tickford-t3 — Fri, 01 Oct 2021 12:15:36 GMT

3 accounts WoW

Re: The great Ebay scam

tickford-t3 — Fri, 01 Oct 2021 12:16:44 GMT

r u bored

Re: The great Ebay scam

*sons_and_daughters* — Fri, 01 Oct 2021 12:27:45 GMT

@tickford-t3 wrote:
3 accounts WoW

I have 8 accounts, do I get a WoW too?

Re: The great Ebay scam

tickford-t3 — Fri, 01 Oct 2021 12:29:51 GMT

WooooooooW

Re: The great Ebay scam

*sons_and_daughters* — Fri, 01 Oct 2021 12:48:45 GMT

Awwww, shanks! I feel so speshul now!!!