topic Re: afterpay? in Selling

afterpay?

lesley-annescrafts — Thu, 02 Apr 2020 03:39:47 GMT

On checking my listings have found that for some reason afterpay is available this is now on my listings

Price:

AU $12.50

or 4 payments of AU $3.13 with Afterpay

I have never seen this before in fact don't know how afterpay works .

Maybe I have missed an anouncement.so does anyone know if this Is a new ebay thing and can we opt out?

Thanks for any input

Re: afterpay?

davewil1964 — Thu, 02 Apr 2020 03:52:12 GMT

@lesley-annescrafts wrote:

On checking my listings have found that for some reason afterpay is available this is now on my listings

Price:
AU $12.50
or 4 payments of AU $3.13 with Afterpay

I have never seen this before in fact don't know how afterpay works .
Maybe I have missed an anouncement.so does anyone know if this Is a new ebay thing and can we opt out?
Thanks for any input

It is new, but it was foreshadowed last year.

As far as I'm aware, the seller gets the full price upfront (as does any merchant accepting Afterpay) and the buyer pays Afterpay.

No opt out afaik, but that would make sense as there is nothing to opt out of.

Re: afterpay?

twyngwyn — Thu, 02 Apr 2020 03:57:18 GMT

https://www.ebay.com.au/help/buying/paying-items/paying-with-afterpay?id=5088

Re: afterpay?

jayb_crafts — Thu, 02 Apr 2020 04:34:16 GMT

thanks for that must have missed it

Re: afterpay?

the4masters2013 — Thu, 02 Apr 2020 22:37:08 GMT

Many thanks for this info.

I was wondering, like many others, how it all worked.

Now I am a little bit wiser.

Thanks again.

Re: afterpay?

heihachi_73 — Fri, 03 Apr 2020 09:50:27 GMT

I really don't see the point in Afterpay to be honest, it just feels like a waste of time to me.

Re: afterpay?

*tippy*toes* — Fri, 03 Apr 2020 13:49:26 GMT

@heihachi_73 wrote:
I really don't see the point in Afterpay to be honest, it just feels like a waste of time to me.

I see a point to it. It allows people to get further and further into debt, when they default on a payment.

Re: afterpay?

11dustyattic — Fri, 03 Apr 2020 14:32:47 GMT

@heihachi_73 wrote:
I really don't see the point in Afterpay to be honest, it just feels like a waste of time to me.

Awesome for scammers. They can fleece the seller before paying for it 👍👌

Re: afterpay?

11dustyattic — Fri, 03 Apr 2020 14:35:03 GMT

@*tippy*toes* wrote:
@heihachi_73 wrote:
I really don't see the point in Afterpay to be honest, it just feels like a waste of time to me.
I see a point to it. It allows people to get further and further into debt, when they default on a payment.

Heeeeey I got my raybans with afterpay 😂

I love love love love love my raybans 😍

Re: afterpay?

glenbankloel — Fri, 03 Apr 2020 20:53:06 GMT

We had a US buyer a while ago who wanted to use it, and at that stage it wasn't available here. She swore by it, said she buys just about everything that way.

You get the goods, the seller receives their $'s and you (as the buyer) have time to pay off.

Obviously there are penalties if you don't make your payments or are late, but this is a facility that will work for many buyers.

Seems like a good alternative to a credit card, especially for those who shop and don't pay off the full balance every month so the debt keeps carrying forward.

Thus a monthly payment being made but never clearing to $0.00, however, with this option mandated regular payments made but big difference is that all paid off at the end of the time frame and no interest charged or continuing.

Interesting thought - Could this be a way to keep buyers out of debt?

Also wonder how the cc companies will re-act!! This new way of paying could have a devastating effect on their "rivers of gold".

They have a lot to lose if these new systems are taken up in a big way by buyers. Many retailers seem to be making one or more available for shoppers.

Watch this space I think.

Re: afterpay?

aussie-picker — Sat, 04 Apr 2020 00:39:03 GMT

As far as I know , Australian retailers that use Afterpay , pay a percentage to them to be able to use it.

If Ebay isn't charging us ( Sellers ) , then they must be paying them direct to use it.

I suspect a payment recoup by stealth in the case of increase fees somewhere for sellers coming up soon.

You dont get something for nothing you know.

Besides if people all payed on time and they couldnt charge any interest they would make no money at all , so what is the point of being in business ?

Also note that the Afterpay shares crashed on the stockmarket by 40% a couple of weeks ago on fears of mass unemployment.

Re: afterpay?

digital*ghost — Sat, 04 Apr 2020 02:31:37 GMT

@aussie-picker wrote:
As far as I know , Australian retailers that use Afterpay , pay a percentage to them to be able to use it.
If Ebay isn't charging us ( Sellers ) , then they must be paying them direct to use it.
I suspect a payment recoup by stealth in the case of increase fees somewhere for sellers coming up soon.

It will happen when eBay introduce the managed payments system, and be a part of the payment processing fees, I expect.

I really wish sellers had a choice in this - I don't offer any of these kinds of payment options on my website for a reason, and I consciously try to market my items in a way that does not encourage impulse buying, so it's really frustrating when eBay continue to introduce things like this and not give me a choice about how the business is run. I don't wanna just "get the money", I want a successful business that doesn't actively work to increase the liklihood of people regretting their purchases.

Re: afterpay?

tentrees123 — Mon, 06 Apr 2020 05:14:24 GMT

I thought I read Sellers have to opt in for after pay - but if you do you can't opt out. Also I am unconvinced that the sellers isn't charged the fees - trying to research the topic as I think the eBay announcement says no 'extra' fees but that does not mean 'no' fees. Pretty sure eBay won't cover the usual commission paid by merchants who use afterpay

@digital*ghost wrote:
@aussie-picker wrote:
As far as I know , Australian retailers that use Afterpay , pay a percentage to them to be able to use it.
If Ebay isn't charging us ( Sellers ) , then they must be paying them direct to use it.
I suspect a payment recoup by stealth in the case of increase fees somewhere for sellers coming up soon.

It will happen when eBay introduce the managed payments system, and be a part of the payment processing fees, I expect.

I really wish sellers had a choice in this - I don't offer any of these kinds of payment options on my website for a reason, and I consciously try to market my items in a way that does not encourage impulse buying, so it's really frustrating when eBay continue to introduce things like this and not give me a choice about how the business is run. I don't wanna just "get the money", I want a successful business that doesn't actively work to increase the liklihood of people regretting their purchases.

Re: afterpay?

tentrees123 — Mon, 06 Apr 2020 05:27:10 GMT

Oops - no opt in option sorry