the roll out of ebay managed payments

i'm sure a lot or most of you probably received the managed payments email this morning. in case you didn't, or missed here - ebay is rolling out managed payments later in the year with pre-registration opening shortly.

 

more info is located at https://sellercentre.ebay.com.au/managed-payments

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Re: the roll out of ebay managed payments

Just like your employment, pay week finishes on Tuesday and then you have to wait till Friday for the money to roll up in your bank account. Throw in a Friday public holiday and your broke until Monday when the money finally turns up.

Instead of the bank using your cash on the short term money market while you starve, it will eBay profiting even more at our expense...
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Re: the roll out of ebay managed payments


@digital*ghost wrote:

@11dustyattic wrote:

People don't have to be sheep though. Everyone fell into line and agreed to it 

Fools


You're so peachy, with a generous helping of keen on the side.

 

Will you switch, when there is no choice in the matter, or will you abandon eBay all together? 


I don't know what the future holds. At this stage I've firmly abandoned and very happy with that decision. Doing well on other platforms, this was never a major player anyway, fortunately. But who knows. Never say never

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Re: the roll out of ebay managed payments


@south.coffee wrote:
Just like your employment, pay week finishes on Tuesday and then you have to wait till Friday for the money to roll up in your bank account. Throw in a Friday public holiday and your broke until Monday when the money finally turns up.

Instead of the bank using your cash on the short term money market while you starve, it will eBay profiting even more at our expense...

Yes. Sickening. Add that to the money back guarantee they offer scammers lol on the seller's behalf, insanely high fees (real percentage on item disguised by charging on postage as well, therefore floating it under the radar), it's pure greed. I wonder which of their employees will refute this 

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Re: the roll out of ebay managed payments


@11dustyattic wrote:


Yes. Sickening. Add that to the money back guarantee they offer scammers lol on the seller's behalf, insanely high fees (real percentage on item disguised by charging on postage as well, therefore floating it under the radar), it's pure greed. I wonder which of their employees will refute this 


Speaking as a long-time stamp collector (and now, seller), I can tell you that philatelic auction houses overall charge 4 to 5 times as much as ebay's "insanely high fees".

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Re: the roll out of ebay managed payments


@joztamps wrote:

@11dustyattic wrote:


Yes. Sickening. Add that to the money back guarantee they offer scammers lol on the seller's behalf, insanely high fees (real percentage on item disguised by charging on postage as well, therefore floating it under the radar), it's pure greed. I wonder which of their employees will refute this 


Speaking as a long-time stamp collector (and now, seller), I can tell you that philatelic auction houses overall charge 4 to 5 times as much as ebay's "insanely high fees".


4 to 5 times as much ๐Ÿ˜‚ For the record I've bought from many different bricks & mortar auction houses, here and internationally, once had a massive coca cola collection. So how do philatelic 'overall' charge 4 to 5 times more? Give me some examples

 

Firstly, an auction house usually charges anywhere between 18-25%. What do you get charged? (Note that buyers pay also, not just sellers, unlike here). That amount for a seller though is the total paid, with no further time invested after delivering the item, no packaging/posting/fees on postage/losses to scammers, some can be significant. But ignoring most of that and just addressing the fee percentage difference>

 

Example - item sale price $5/postage $9.20. Total fees $2.22. Total fee percentage    44.4%

 

4-5 times that much would have you paying up to 200%? 

 

 

 

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Re: the roll out of ebay managed payments


@11dustyattic wrote:

@joztamps wrote:

@11dustyattic wrote:


Yes. Sickening. Add that to the money back guarantee they offer scammers lol on the seller's behalf, insanely high fees (real percentage on item disguised by charging on postage as well, therefore floating it under the radar), it's pure greed. I wonder which of their employees will refute this 


Speaking as a long-time stamp collector (and now, seller), I can tell you that philatelic auction houses overall charge 4 to 5 times as much as ebay's "insanely high fees".


4 to 5 times as much ๐Ÿ˜‚ For the record I've bought from many different bricks & mortar auction houses, here and internationally, once had a massive coca cola collection. So how do philatelic 'overall' charge 4 to 5 times more? Give me some examples

 

Firstly, an auction house usually charges anywhere between 18-25%. What do you get charged? (Note that buyers pay also, not just sellers, unlike here). That amount for a seller though is the total paid, with no further time invested after delivering the item, no packaging/posting/fees on postage/losses to scammers, some can be significant. But ignoring most of that and just addressing the fee percentage difference>

 

Example - item sale price $5/postage $9.20. Total fees $2.22. Total fee percentage    44.4%

 

4-5 times that much would have you paying up to 200%? 

 

 

 


First, 2.22 as a percentage of 14.20 = 15, not 44 or any othger imaginary figure you might pluck out of the air.

 

Ebay charges the seller 10-15%.

They charge the buyer zero.

 

Philatelic auction houses charge the seller 20-30%.

They also charge the buyer 20-30%.

They also charge the buyer the full (generally grossly inflated) postage cost, and near-mythical "packaging and handling" costs.

 

And more than half the time, they are selling their own stock, so they are actually charging the buyer a premium of 20-30% just for the privilege of buying from them.

 

They charge 4-5 times the amount ebay charges.

 

But if you think you can do better elsewhere, the best of British to you, and to your employer.

 

 

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Re: the roll out of ebay managed payments

Oh yeah.

 

If you jack up waiting a week for your money from ebay's MP, you need to get very patient indeed while you wait for your money from an auction house, a week is a mere bagatelle to them.

 

That's if they don't go broke, and you do your money completely.

Message 347 of 699
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Re: the roll out of ebay managed payments


@joztamps wrote:

@11dustyattic wrote:

@joztamps wrote:

@11dustyattic wrote:


Yes. Sickening. Add that to the money back guarantee they offer scammers lol on the seller's behalf, insanely high fees (real percentage on item disguised by charging on postage as well, therefore floating it under the radar), it's pure greed. I wonder which of their employees will refute this 


Speaking as a long-time stamp collector (and now, seller), I can tell you that philatelic auction houses overall charge 4 to 5 times as much as ebay's "insanely high fees".


4 to 5 times as much ๐Ÿ˜‚ For the record I've bought from many different bricks & mortar auction houses, here and internationally, once had a massive coca cola collection. So how do philatelic 'overall' charge 4 to 5 times more? Give me some examples

 

Firstly, an auction house usually charges anywhere between 18-25%. What do you get charged? (Note that buyers pay also, not just sellers, unlike here). That amount for a seller though is the total paid, with no further time invested after delivering the item, no packaging/posting/fees on postage/losses to scammers, some can be significant. But ignoring most of that and just addressing the fee percentage difference>

 

Example - item sale price $5/postage $9.20. Total fees $2.22. Total fee percentage    44.4%

 

4-5 times that much would have you paying up to 200%? 

 

 

 


First, 2.22 as a percentage of 14.20 = 15, not 44 or any othger imaginary figure you might pluck out of the air.

 

Ebay charges the seller 10-15%.

They charge the buyer zero.

 

Philatelic auction houses charge the seller 20-30%.

They also charge the buyer 20-30%.

They also charge the buyer the full (generally grossly inflated) postage cost, and near-mythical "packaging and handling" costs.

 

And more than half the time, they are selling their own stock, so they are actually charging the buyer a premium of 20-30% just for the privilege of buying from them.

 

They charge 4-5 times the amount ebay charges.

 

But if you think you can do better elsewhere, the best of British to you, and to your employer.

 

 


Oh wow. If that's how you choose to roll, by ignoring real fees and twisting facts (ie buyer's postage costs? What has that got to do with fees, we were talking about SELLER FEES)

 

Plucking figures out of the air? That figure is accurate for that example. FACT No figures were plucked or otherwise injured in the posting of my comment. Nice try to twist the facts, twist my words, but the facts speak for themselves. 

Re the highlighted part, whether or not an auction house owns or sells for a seller, is entirely irrelevant. Stick to the facts. Compare seller fees. How do you figure a seller only pays 10%? No they don't, like EVER! The example I gave are REAL fees, without ignoring fee rate hikes once the fees on postage are added because those fees are REAL. What don't you understand about that? 

 

Even if your auction house charged you (as a seller for relevance here) the highest amount of 30% (most aren't that high), by your calculation, the comparison fee percentage here should be 20-25% of that (since you claim 4-5 times here). That would put the ebay fee at 6-7.5%. Little different to 44% don't you think? Please explain what part of that figure I 'plucked out of the air'

 

Message 348 of 699
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Re: the roll out of ebay managed payments


@joztamps wrote:

Oh yeah.

 

If you jack up waiting a week for your money from ebay's MP, you need to get very patient indeed while you wait for your money from an auction house, a week is a mere bagatelle to them.

 

That's if they don't go broke, and you do your money completely.


You need to look at your maths and re-read my other post. You have mistaken percentages for amounts and then calculated that wrong, and moving off topic to what I was saying, twisting my words. You are grossly incorrect with your statement, no matter how much you try to deflect from that

Message 349 of 699
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Re: the roll out of ebay managed payments

Not the quickest cab on the rank

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