@tazzieterror wrote:
@digital*ghost wrote:...
Sellers will need to start looking at their eBay payments account in the same way as they look at their PayPal account. When a buyer's payment clears, your eBay payments account balance will grow in the same way your PayPal balance grows - the order is paid for, and it's time to send (within your regular handling time, that is).
...
I didn't realise people were failing to make this connection. I guess when PayPal is accepted as a payment method for just about anything, everyone thinks of it as an online bank of sorts.
It functions day to day that way for the most part, because of how the balance can be used, but they have much more power over someone's balance than any bank, and now people are thinking about eBay having that same power over their money, and I agree it's a scary thought as I daresay more sellers have had bad experiences with eBay than they have had with PayPal.
PayPal's limitations aren't at the forefront of people's minds anymore. I still remember when it wasn't like that at all. Things changed pretty slowly, but using the balance to pay for purchases on eBay plus occasionally off eBay was the only way it could once be spent - the first time I was able to pay for a pizza delivery using PayPal was a revelation 
(and an abomination, because now I buy take out far too often 
). After Aus Post eventually caved to pressure and allowed labels to be purchased through My Post using PayPal, I don't remember feeling too much frustration that money was in PayPal and not in hand.
These limitations will apply to an eBay account balance, so I know those frustrations are going to come back in to play - I recognise I'm probably quite lucky, both to have become used to it being the case with money made through other sites, and because I'm even more lucky that I have available funds to pay for things while money sits in these other site's payment accounts - that wasn't always the case for me, so I know it's going to be something other sellers will have to deal with down the line.
To be absolutely clear in general to anyone reading through my posts, though - I was willing to just take the plunge for reasons of my own, but I am not trying to encourage others to do the same, I'm just trying to answer questions others have as best I can, with what info is available (and in the future, what info will become available to me as a user). I'm also trying to put the estimated experience of what being on managed payments will be, using my experience with similar payment systems on other sites as a frame of reference, in the hopes that the process will become a bit more understandable for those who haven't experienced these systems before. If you have reservations, absolutely defer switching over for as long as it's possible, and definitely hold off on switching if you make a good amount of sales to overseas buyers, too, since from what I can gather, the availability of listings from sellers on managed payments to international buyers, is limited.
@dusty - no need to apologise, it was a challenge, but I was under no illusions that you'd meet it.
@digital*ghost wrote:
@tazzieterror wrote:
@digital*ghost wrote:...
Sellers will need to start looking at their eBay payments account in the same way as they look at their PayPal account. When a buyer's payment clears, your eBay payments account balance will grow in the same way your PayPal balance grows - the order is paid for, and it's time to send (within your regular handling time, that is).
...
I didn't realise people were failing to make this connection. I guess when PayPal is accepted as a payment method for just about anything, everyone thinks of it as an online bank of sorts.
It functions day to day that way for the most part, because of how the balance can be used, but they have much more power over someone's balance than any bank, and now people are thinking about eBay having that same power over their money, and I agree it's a scary thought as I daresay more sellers have had bad experiences with eBay than they have had with PayPal.
PayPal's limitations aren't at the forefront of people's minds anymore. I still remember when it wasn't like that at all. Things changed pretty slowly, but using the balance to pay for purchases on eBay plus occasionally off eBay was the only way it could once be spent - the first time I was able to pay for a pizza delivery using PayPal was a revelation
...
I'm pretty sure my first PayPal-funded pizza purchase would only have been in the last 18 months, so I managed to resist that one long enough.
But yes, one of PayPal's strengths has been its ubiquity in recent years - no need for someone to withdraw funds from them when they'll likely have something to spend it on in the immediate future. And in the meantime...PayPal has a nice big balance sitting somewhere, no doubt earning them a little more again.
@digital*ghost wrote:
@tazzieterror wrote:
@digital*ghost wrote:...
Sellers will need to start looking at their eBay payments account in the same way as they look at their PayPal account. When a buyer's payment clears, your eBay payments account balance will grow in the same way your PayPal balance grows - the order is paid for, and it's time to send (within your regular handling time, that is).
...
I didn't realise people were failing to make this connection. I guess when PayPal is accepted as a payment method for just about anything, everyone thinks of it as an online bank of sorts.
It functions day to day that way for the most part, because of how the balance can be used, but they have much more power over someone's balance than any bank, and now people are thinking about eBay having that same power over their money, and I agree it's a scary thought as I daresay more sellers have had bad experiences with eBay than they have had with PayPal.
PayPal's limitations aren't at the forefront of people's minds anymore. I still remember when it wasn't like that at all. Things changed pretty slowly, but using the balance to pay for purchases on eBay plus occasionally off eBay was the only way it could once be spent - the first time I was able to pay for a pizza delivery using PayPal was a revelation
These limitations will apply to an eBay account balance, so I know those frustrations are going to come back in to play - I recognise I'm probably quite lucky, both to have become used to it being the case with money made through other sites, and because I'm even more lucky that I have available funds to pay for things while money sits in these other site's payment accounts - that wasn't always the case for me, so I know it's going to be something other sellers will have to deal with down the line.
To be absolutely clear in general to anyone reading through my posts, though - I was willing to just take the plunge for reasons of my own, but I am not trying to encourage others to do the same, I'm just trying to answer questions others have as best I can, with what info is available (and in the future, what info will become available to me as a user). I'm also trying to put the estimated experience of what being on managed payments will be, using my experience with similar payment systems on other sites as a frame of reference, in the hopes that the process will become a bit more understandable for those who haven't experienced these systems before. If you have reservations, absolutely defer switching over for as long as it's possible, and definitely hold off on switching if you make a good amount of sales to overseas buyers, too, since from what I can gather, the availability of listings from sellers on managed payments to international buyers, is limited.
@dusty - no need to apologise, it was a challenge, but I was under no illusions that you'd meet it.
I didn't read that, too long whatever mate. I'm sticking with my theory
Thank you ๐ It's all good - only the very last, single line was addressed to dusty.
If that is too long to read, there's not much I can do to try and communicate, other than perhaps some inflective grunting, which is not a good look for a modern girl (with a few select exceptions 
You know, like opening stubborn jars n' stuff ).
Plus, if someone freely admits that not reading anything is preferred so that personal beliefs theories can be maintained, then I know all I need to know, anyway. ๐
