Managed payments-a joke?

[nurseedward2020]

Soooo ebay stated that MOST people will be better off with managed payments. Who so far has not been ripped off?  1 transaction on managed payments and $2.32 worse off than the old final value and paypal fee structure. Add that to the gouge of paying final value fees on postage. This is a money hungry platform.... im tired of it....   

[mtshed2014]

and here's one for sloppy joe 

BTS (방탄소년단) 'DNA' Official MV - YouTube

[digital*ghost]

---

@mtshed2014 wrote:

1, when you sell and item and the buyer pays with PayPal you will then be paying eBay sales fees + PayPal transaction fees just as you always have   ( sometimes I get the feeling people think that PayPal fees have gone LOL ) 

2, when you sell an item and the buyer chooses to pay with bank transfer YOU WILL THEN BE CHARGED A NEW FEE THAT YOU'VE NEVER BEEN CHARGED BEFORE.

---

No seller on managed payments pays PayPal fees (for eBay transactions), because they don't get any PayPal payments - if the buyer pays with PayPal, they pay eBay and any fees paid to PayPal are covered in eBay's FVF (which is inclusive of payment processing now, regardless of the payment method the buyer selects).

Bank deposit is not an option for sellers on managed payments.

Cash on pick-up is, so your point remains valid for that payment option. 

[gewens]

Hello, everyone. It's very important to keep your discussion relevant to the topic. If you have something else to talk about, please start a new thread. Remember irrelevant posts might be removed. Thanks.

[mtshed2014]

I'll have to disagree as I sold an item on 2nd May and it was paid for using bank transfer via managed payments.

On same account I sold an item on 3rd May and it was paid for to my PayPal account - with PayPal fees visible in PayPal just as before.

Both buyers processed their payments according to the choices eBay gave them.

The sales were for approx $90 and $120 totals respectively.

Both incurred total fees of 13.75%. calculated by total shown in eBay disclosed fees only in regard to MP bank payment, and then eBay fees + visible fees in PayPal account for the item paid for using PayPal.

[mtshed2014]

1st item Sold 2nd May
Payment received in my bank account 4th or 5th May - yet to clarify as the "pay outs" as eBay now call them are bundled,and not individually itemized
Purchase total $89.95
item $71 , postage $18.95
Total fees as disclosed on eBay accounts pages : $12.35
fee % of total transfer amount : 13.75% (+/-2c)

2nd item Sold 3rd May
Payment received in PayPal account 3rd May
Purchase total $120.85
item $70 , postage $50.85
PayPal fee : -$3.44 (as shown in PayPal account )
eBay fees as shown on eBay accounts pages :
Final Value Fee $7.62
Value fee on shipping : $5.54
Total fees on sale (eBay + PayPal) : $16.60
fee % of total transfer amount : 13.75% (+/-2c)

I am considerate that the person to person bank transfer payment option is now disguised under the definition of managed payments, and is person to ebay to person.

[mtshed2014]

when you say "Bank deposit is not an option for sellers on managed payments." , how then does the money transfer from a buyers bank account to the sellers bank account ?

It must be done via bank transfers.

I agree the selection of bank deposit payment is no longer an option for buyers when listing an item however the moneys still need move somehow. If it is not from bank account to bank account then how does it move ?

If it is indeed a matter of buyer pays eBay accounts, and eBay later pays to the sellers accounts, AFTER they advise sellers to send the items, then I ponder what are the benefits to eBay members. It is slower, costlier and messier.

Keep in mind if two bank transfers are involved where before there was a single transfer, the standard regulatory bank fees imposed are still zero. 

[davewil1964]

So 13.75% versus 13.75%.

I not sure, and I doubt I'm Robinson Crusoe, what your point is.

I can't see any double-dipping in your figures, nor how you are worse off - the subject of this thread.

I am sure you will elucidate. Most probably with figures that don't relate to the topic.

[digital*ghost]

---

@mtshed2014 wrote:

I'll have to disagree as I sold an item on 2nd May and it was paid for using bank transfer via managed payments.

---

I don't understand how any of this was possible, but certainly sounds like a strange and unique situation, and not how managed payments is supposed to work.

I'm definitely not getting the option to pay by bank deposit when I put one of your items in my cart - was it a different account? I do get PayPal, but if I went ahead and used it to pay you, what is supposed to happen is the money hits your eBay account, not your PayPal account, because there's no longer a PayPal payment address associated with listings when the seller is on MP. 

[2004rhondaw0]

That's is what I asked eBay today- It goes to Paypal 1st and they'll take their fees (and any other payment method that charges fees -Visa, Mastercard etc) then it goes to eBay for them to remove increased fees (which I thought were to cover the old Paypal fees of service) and pass onto bank account!  Will the bank start charging fees? Who knows.   And yes , if buyer chooses your savings acc. to pay , will eBay take it out and then put back again???  Paying a fee a seller didn't have to pay before. When you're basically selling items around $15-20 the fees are significant.  You can't keep putting prices up because buyers will not buy!

[mtshed2014]

🙂

Well Dave, Let me elucidate.

Consider the many millions of dollars and decades of payments that have been made by buyers when using  bank transfer type payment BEFORE this new managed payments scheme. There was no fee associated with the transfer.

Applying this to the above 13.75%'s - the PayPal sale would have same total fees of 13.75%, and the sale in which buyer used bank transfer payment the fees would have been 13.75% MINUS the PayPal fee....approx 10-11% I'm roughly estimating.

lol...and before someone says "well then PayPal is more expensive" 

The comparison is NOT between total fees with PayPal involved to that of total fees with managed payments. It is the fact that there's now an additional 2.5% charge on a compulsory payment method that is closest considered bank to bank transfer, even if eBay choose not to define it as such.

I mean...managed payments ?   Ask your local bank what that is.
In relation to what we understand as payment options it isn't After Pay, it's not PayPal, not COD or cheque in the mail....so what is this new kid on the block ?