topic Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit in Selling

Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

31flavours — Tue, 14 Jul 2020 22:02:08 GMT

Ebay Australia's switch over to managed payments (for my business) is a major impediment not a benefit.

I am a seller who uses my paypal funds received from sales (on a near daily basis) to send payments across the globe primarily for business.

Under the new Ebay managed payments, I will now have to wait up to 2+ business days to now have my sales funds deposited into my bank account from Ebay (maybe another business day before the inefficient banks here process the payment) & then will have to process another transfer back to Paypal (Another 5+ business days) - I now have no other option around this after numerous chats/calls to Ebay customer service/accounts trying to opt out of managed payments or seek an alternative. The current system works well for me, even if I have to pay a higher cost.

As a seller, I personally couldn't care less about Paypal's spin off from Ebay & the 'business rift' that has developed between the two but there has to been an alternative (Hyperwallet etc) or some businesses will suffer from this narrow minded approach & could potentially leave the platform - is this in Ebay's interest?

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

jellybirddesigns — Wed, 15 Jul 2020 00:07:37 GMT

Surely you can still use your Paypal account to send money immediately - just fund it from a credit card.

The money that flows from sales into your bank account can be used to settle your credit balance and you'll possibly earn points along the way which you can redeem down the line.

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

joztamps — Wed, 15 Jul 2020 00:15:54 GMT

You could also be earning interest on your bank balance, pending the use of it to pay off your credit card.

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

lyndal1838 — Wed, 15 Jul 2020 01:01:48 GMT

How is ebay going to kidnap the money?

So far, as a buyer I have not found a way to use anything but paypal or credit/debit cards to pay any sellers.

I have looked at several listings from sellers on the boards, as well as most of the items on my Watch List. Th only way I know about the new system is seeing the angst on the boards.

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

jellybirddesigns — Wed, 15 Jul 2020 01:42:58 GMT

@Hirolah

I should also just add that another site I sell on (Etsy) only transfers funds to my bank account. A buyer can certainly pay via PP, but sales funds always flow to the bank. I've been on that site for about 5 years and whilst a bit different from Ebay, it's just another way that one gets used to.

Also, don't forget that all fees will now be deducted before the balance is sent to your account, so there will no more monthly bill to pay (maybe other than store fees). This is what happens on Etsy too.

I think even Amazon is the same for sellers - nett funds flow to a bank account, not Paypal.

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

11dustyattic — Wed, 15 Jul 2020 02:44:49 GMT

@jellybirddesigns wrote:
@Hirolah

I should also just add that another site I sell on (Etsy) only transfers funds to my bank account. A buyer can certainly pay via PP, but sales funds always flow to the bank. I've been on that site for about 5 years and whilst a bit different from Ebay, it's just another way that one gets used to.

Also, don't forget that all fees will now be deducted before the balance is sent to your account, so there will no more monthly bill to pay (maybe other than store fees). This is what happens on Etsy too.

I think even Amazon is the same for sellers - nett funds flow to a bank account, not Paypal.

That part I don't actually mind, at least the money hasn't gone on bills before the monthly bills come in, however I can understand the angst over delays tranferring money to and from. Transferring into paypal (I recently discovered) is painfully slow.

It's fine for people who have plenty of cash flow to use other money in the interim but for many that luxury isn't there. I think it will put a strain on those people and have them leave the site.

I'm already scaling down and exploring other options

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

digital*ghost — Wed, 15 Jul 2020 03:52:02 GMT

@31flavours wrote:

I am a seller who uses my paypal funds received from sales (on a near daily basis) to send payments across the globe primarily for business.

Same, but since PayPal are withdrawing buyer protection for stock purchases after 31st July, they are basically encouraging alternative funding sources anyway (that is, if you buy goods with the intention of reselling them, you'll get no buyer protection from PayPal at all, and for sellers using PayPal balances to pay for stock, that was the only protection on those payments available - for that reason alone, being forced to fund the payments in different ways that can provide some protection is potentially better for some sellers - thought I'd mention it in case this affects how appealing PayPal is as an option if these purchases don't qualify for protection).

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

comcol — Thu, 16 Jul 2020 11:58:33 GMT

This is simply Ebay scamming sellers and lining their pockets.

it's why people are leaving this site by the boatload.

Ebay is the most corrupt business online today.

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

*tippy*toes* — Thu, 16 Jul 2020 13:38:59 GMT

@comcol wrote:
This is simply Ebay scamming sellers and lining their pockets.

it's why people are leaving this site by the boatload.

Ebay is the most corrupt business online today.

Please show us your evidence of people leaving this site by the boat load. How do you know they are leaving by the boatload? Why are you still here if that's the case?

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

11dustyattic — Thu, 16 Jul 2020 20:13:14 GMT

@*tippy*toes* wrote:
@comcol wrote:
This is simply Ebay scamming sellers and lining their pockets.

it's why people are leaving this site by the boatload.

Ebay is the most corrupt business online today.

Please show us your evidence of people leaving this site by the boat load. How do you know they are leaving by the boatload? Why are you still here if that's the case?

And why do you keep defending them? This site sucks for sellers, no matter how you try to sugar coat it. They are greedy and offer sellers zero protection. So why are you so offended. Bit odd really

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

tazzieterror — Thu, 16 Jul 2020 21:20:00 GMT

@11dustyattic wrote:
And why do you keep defending them? This site sucks for sellers, no matter how you try to sugar coat it. They are greedy and offer sellers zero protection. So why are you so offended. Bit odd really

As I seller I find eBay pretty good. It has its issues, for sure, but all selling platforms do.

As for 'greedy', I don't see it. They're looking to return a profit to their shareholders just like any other publicly listed company. I don't have shares in eBay (and am unlikely to ever do so), but if you truly believe eBay are making excessive money, buy some shares in them.*

_____

* Share purchase advice is general in nature and does not take into account your specific financial situation and goals. Please consult your financial advisor prior to making any change to your investment portfolio.

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

11dustyattic — Thu, 16 Jul 2020 21:28:08 GMT

@tazzieterror wrote:
@11dustyattic wrote:
And why do you keep defending them? This site sucks for sellers, no matter how you try to sugar coat it. They are greedy and offer sellers zero protection. So why are you so offended. Bit odd really
As I seller I find eBay pretty good. It has its issues, for sure, but all selling platforms do.

As for 'greedy', I don't see it. They're looking to return a profit to their shareholders just like any other publicly listed company. I don't have shares in eBay (and am unlikely to ever do so), but if you truly believe eBay are making excessive money, buy some shares in them.*

_____

* Share purchase advice is general in nature and does not take into account your specific financial situation and goals. Please consult your financial advisor prior to making any change to your investment portfolio.

That would be the understatement of the century. They protect and support criminals, and sellers pay the price for that. I could put it in dot form to highlight every issue but Christmas is coming fast

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

tennis_sweetspot — Thu, 16 Jul 2020 23:44:04 GMT

I use transferwise to send money OS and at about 1/2 a percent cost I have saved a lot. If available to the countries you send to check it out.

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

Anonymous — Fri, 17 Jul 2020 00:06:55 GMT

And what would you suggest as an alternate, where they are not trying to make money, is their a better platform?

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

tazzieterror — Fri, 17 Jul 2020 00:47:20 GMT

Misty, you should pop over to benevolentBay and sign up for a selling account to evaluate.

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

yan-pack-n-post — Sun, 08 Nov 2020 11:05:10 GMT

Managed Payments has destroyed me. I didn't mind the Payment system after getting used to it as it simplified my record taking. BUT 85% of my sales were Linux Operating Systems & Open Source Software. Ebay Australia does not allow those listings under the New System so I lost over 500 listings without an explanation. Ebay did not warn about this. Every other Ebay site does allow it. Unfortunately to list on Ebay US, UK & all others does not allow Ebay Stores registered for Managed Payments to list anything. This experiment by Ebay AU has stuffed my Business with no recourse to fix. There seems no way to opt out of Managed Payments even after asking Ebay how to fix the problem over 50 times. 50 Questions & 50 different people with 50 different answers. I signed up to Ebay stores with dedicated Stores contact. Not any more. You get no more than some person selling something once a year even after running a Featured Store for over 10 years. Apparently if you sign up to a $500.00 a month Store you get personal assistance. So unless you are a corporation or a chinese backed seller you get no service. This comment will probably get my store restricted again or closed but I don't care. Ebay give no help to anyone. They are noww too big & too bloated. I have gone from a turnover of over $3000 a month to under $400 & dropping by the day & in the last 2 months since managed paments I have gone from a living Wage/Profit into a Tax Loss. Have now applied & been approved for Sole Trader Job Keeper. I will now receive $750 a week courtesy of the Australian Taxpayer. Way more than I need cos I live very frugally. Oh well I have paid tax for over 45 years so I guess it is not bludging.

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

davewil1964 — Sun, 08 Nov 2020 11:15:17 GMT

Interesting.

A member here apparently has it in writing that the grey areas won't be switched to MP.

I guess, once again, he's wrong.

Doesn't help you unfortunately, but it does reinforce the adage not to take eBay 'guarantees' at face value.

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

eol-products — Sun, 08 Nov 2020 23:46:43 GMT

I always keep a backup store handy and for this reason did not switch it over to managed payments. I don't think you could start a new one without being forced onto it but if you had a second account or access to one you may be able to transfer listings over to it.

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

watches_24_7 — Mon, 25 Jan 2021 19:58:16 GMT

Iagree. It really is so frustrating. I have had the same ebay"support" experience. 10 different answers/excuses from 10 different ebay staff.

I can't proceed with registering for Managed Payments because frankly I cannot trust ebay with my bank account login details being entered anywhere near their platform.

It looks and feels so risky.

Re: Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

lyndal1838 — Mon, 25 Jan 2021 21:56:41 GMT

Do you really have to give your login details or just your BSB and account number?

There is no danger in giving your BSB and account number....they can only deposit money, not withdraw.