topic Re: Payment System in Technical Issues

Payment System

ausclip — Thu, 07 Mar 2024 03:21:36 GMT

I would like to place my own payment system into my online selling account as a means of cost savings to me as a seller, rather than have to pay the fees of Paypal, after pay etc. Is there any way of having my own payments system added onto the selling options?

Happy to provide the system to all sellers on Ebay to help save them up to 40% of the fees charged by other payment platforms.

Re: Payment System

domino-710 — Thu, 07 Mar 2024 03:31:39 GMT

Good luck with this.

Re: Payment System

sandypebbles — Thu, 07 Mar 2024 03:34:35 GMT

You don't get to do that

If you want to sell on eBay, the only option is to sign up for Managed Payments

It is not optional

nor can you offer other sellers to try to use 'your system'

It's Managed Payments or nothing

Re: Payment System

padi*0409 — Thu, 07 Mar 2024 03:37:15 GMT

Paypal is not an option for sellers anymore, all sellers must now be signed up and verified for Managed Payments or else they will not get their money.

Edit. Snap Sandy.

Re: Payment System

imastawka — Thu, 07 Mar 2024 03:41:24 GMT

Paypal hasn't been an option for sellers for a number of years now - so no fees to be paid.

Buyers can still pay with Paypal.

As said, there's only Managed Payments for sellers with ebay these days.

Getting paid for items you've sold | eBay

Re: Payment System

domino-710 — Thu, 07 Mar 2024 03:39:25 GMT

Perhaps - as a seller - I should have asked - ' where do I sign '. lol

40% - hello.

Re: Payment System

sugar249 — Thu, 07 Mar 2024 03:48:40 GMT

@ausclip wrote:
Is there any way of having my own payments system added onto the selling options?

Re: Payment System

countessalmirena — Thu, 07 Mar 2024 04:14:23 GMT

https://www.ebay.com.au/help/policies/selling-policies/selling-practices-policy/ebay-fee-avoidance-policy?id=4354

https://www.ebay.com.au/help/policies/payment-policies/payment-policies?id=4219

Re: Payment System

gutterpunkz05 — Thu, 07 Mar 2024 05:25:05 GMT

@domino-710 wrote:
Perhaps - as a seller - I should have asked - ' where do I sign '. lol

40% - hello.

Hi Dom. 40% of 0 = Uhmmm......... 0

as everything is now incorporated in the set ebay fee

Re: Payment System

sugar249 — Thu, 07 Mar 2024 05:35:54 GMT

And as a seller, or even a buyer, I will add the trust factor, I trust Managed payments (duck for cover), why would I trust a 3rd party system, even if they are offering me a discount. which as pointed out above is a discount on nothing.

Re: Payment System

domino-710 — Thu, 07 Mar 2024 07:36:49 GMT

@gutterpunkz05 wrote:
@domino-710 wrote:
Perhaps - as a seller - I should have asked - ' where do I sign '. lol

40% - hello.
Hi Dom. 40% of 0 = Uhmmm......... 0
as everything is now incorporated in the set ebay fee

Come on Gutter - your sense of humour is better than that. lol

Re: Payment System

domino-710 — Thu, 07 Mar 2024 07:37:39 GMT

You should laugh more often also.

Re: Payment System

gutterpunkz05 — Thu, 07 Mar 2024 08:38:22 GMT

Hi Dom, It was tongue in cheek, after all I did notice the LoL.

Re: Payment System

sugar249 — Thu, 07 Mar 2024 20:32:42 GMT

@domino-710 wrote:
You should laugh more often also.

Trust is a serious matter,

Re: Payment System

ausclip — Thu, 07 Mar 2024 23:27:59 GMT

The fees that are placed on sales / sellers are due to the payments processing that all sales have to pay - the 14% of thereabouts that Ebay charges are on cost from the payments platforms that are used. I am asking and offering to have another payment platform added that is Australian based and is a much cheaper option while delivering the same result. I dont believe that anyone would mind saving some of the fees and costs of doing business?

Re: Payment System

domino-710 — Thu, 07 Mar 2024 23:49:08 GMT

Get back to us after you have obtained an Australian Financial Services Licence.

Re: Payment System

sandypebbles — Thu, 07 Mar 2024 23:52:28 GMT

It is not your choice

You do not get to do your own thing

eBay is not going to allow it

Other members are not going to push for eBay to make it happen (nor would they legally be allowed to make it happen)

end of

Re: Payment System

sugar249 — Fri, 08 Mar 2024 00:22:34 GMT

@ausclip wrote:
The fees that are placed on sales / sellers are due to the payments processing that all sales have to pay - the 14% of thereabouts that Ebay charges are on cost from the payments platforms that are used. I am asking and offering to have another payment platform added that is Australian based and is a much cheaper option while delivering the same result. I dont believe that anyone would mind saving some of the fees and costs of doing business?

I think this answer highlights you lack of knowledge of the sales process.

Yes Ebay does provide a payments platform, but they also provide the listing platform, management of that platform, regulation of that platform.

Prior to Ebay providing the payments platform, we had paypal, which if I remember right the fee's were somewhere around 3% (I'm sure domino will correct me). So of that 14% you claim, you would only reduce the Ebay component by say 3%. And than you are only giving me back 40% of that, so at best I will be saving 1.5% overall, to use a totally untrusted payment system.

Re: Payment System

imastawka — Fri, 08 Mar 2024 00:56:18 GMT

I may be misinterpreting, but I think the OP is under the impression that sellers are liable to pay a % to other funding sources, other than ebay.

There are no other fees - just ebay, and you can't get around that one if you want to sell on ebay.

Re: Payment System

countessalmirena — Fri, 08 Mar 2024 01:09:07 GMT

Read the links I provided.

Read the financial regulations information for Australian financial institutions.

Read the law in Australia pertaining to anti money laundering.

Your continued posting on this is - I’m going to be brutally frank here - ludicrous and potentially encouraging criminal behaviour. It’s not even the situation in an eBay context that concerns me; it’s the entire basic proposal.

Are you involved in money laundering?

(And this not a facetious question.)