Managed Payments - Does ebay hold an Australian Financial Services license ?

[toolman-online]

Hi Everyone,

I have resisted managed payments because I have concerns over what happens if something with the payment goes awry especially since my experience with ebay customer service is that they are largely uncontactable.

I am also disappointed that there are zero savings for sellers switching to managed payments.

Currently Paypal hold an Australian Financial Services License 304962 and if there is a problem with the payment component of the transaction then the AFS steps in.

Are eBay AFS license holder ?

Cheers Jamie

[padi*0409]

eBay itself doesn't as far as I'm aware but Ayden who process the payments made to sellers are registered with AFS.

Sooner or later if you want to continue selling on eBay you will have to join Managed Payments.

[kopenhagen5]

As said, eBay is not required to.

Just like when PP was a part of eBay,  Adyen is the new financial processor and holds the relevant qualifications.

[sugar249]

I'll save you the worry of searching for it

ADYEN -  AFS License Number 516550

[gutterpunkz05]

I don't know why you would expect to pay less using  managed payments, ebay is merely complying with legal requirements and is not pocketing anything extra, so nothing to pass on.

[toolman-online]

I would be surprised if the AFS are able to intervene in the event of a problem given that we are eBay customers !

[sugar249]

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@toolman-online wrote:

I would be surprised if the AFS are able to intervene in the event of a problem given that we are eBay customers !

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Well in that case it may be time to close your account with Ebay,   some people just want to look for problems,   

[toolman-online]

Can you think of a change that eBay have implemented that benefits sellers ?

My bank merchant account costs me less than 1% to process card payments. 

I don't believe that the actual cost to process payments which is upward of 2.5% is all going to Ayden ?

[padi*0409]

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@toolman-online wrote:

I would be surprised if the AFS are able to intervene in the event of a problem given that we are eBay customers !

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Obviously that would depend on what the problem was.

G'day Sugar.

[padi*0409]

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@toolman-online wrote:

My bank merchant account costs me less than 1% to process card payments. 

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.............and your monthly/annual fees are how much ??????