the roll out of ebay managed payments

[lm-entertainment]

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

[k1ooo-slr-sales]

(posting after last post and not in reply to anyone in particular)

I have registered for MP on several IDs.  I was selling on this ID in the lead up to Christmas last year, very successfully too.

This may sound mean, but reading seller’s posts saying they are giving up on eBay rather than register for MP has me looking forward to Sept-Dec this year when I will sell on this ID again.

Less sellers selling great condition Pentax Film Cameras will see me setting higher prices than I did last year.  I was selling 40 year old film cameras (with lenses) for anything from $450 to $700, depending on accessories included in the sale.  In the lead up to Christmas 2021 I will probably up my asking prices by 20%.

When I was selling last year there were about 30 camera listings at any one time.  I have noticed less Pentax K1000 cameras listed on eBay these last few months.  At one stage there were only 6,  it now hovers around 10 to 15.

MP may end up providing a windfall for sellers of niche items who do register.  I don’t think there will be any difference for sellers items in saturated categories like books, clothes and mobile cases, but niche items like I sell should benefit!

[annieoakley2000]

One can only hope every person signing up has read and understood E-Bays legal jargon and TOS before ticking that box (providing that is even part of the equation).

From where I'm sitting, it appears to be a minefield, with no redress what so-ever if anything goes wrong.

It appears E-Bay doesn't owe you an explanation for anything and if you want to take them on, you can only do so on an individual bases through mediation.

Good luck with that and happy selling !

[tickford-t3]

Have a question , have read the registering for MPs but it reads i can’t use a Savings Bank Account , is that right ? 

[sugar249]

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@tickford-t3 wrote:

Have a question , have read the registering for MPs but it reads i can’t use a Savings Bank Account , is that right ? 

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Define savings bank account.   Mine goes into what i consider a savings bank account.

I guess where are you getting this information from?

[tickford-t3]

Sugar, info is on ebays help page , and savings bank account not sure what ebay means as we have a savings account and a everyday account both earn interest so I’m not sure what eBay means by saying can’t use Savings Account, I may have to ask them to clarify that one

[padi*0409]

They might be referring to the old passbook savings account, which is rarely seen nowadays.

[cezm]

The page says

Tip
The bank account you link to receive funds must be a transaction account. It can't be a savings account.

I'm guessing that you can't use one of those accounts, e.g. Christmas club, that you can't get funds out of regularly

[tickford-t3]

So I take it a bank savings account that we don’t access online would be okay to use , this is the account we currently  use when we do our payouts from paypal.

[tickford-t3]

Another issue we may have - not sure - the bank account has our Initials and Surname example JB & KB Smith, but our eBay site is example again John Smith, will this be a problem

[tickford-t3]

UPDATE: all sorted we have been verified, but get this hahahaha Ebay is going have their 0.04c Micro Deposit they did to us to Verify Bank Account - is going to be REFUNDED BACK TO THEM (Reversal being done from said Bank Account) - HAHAHAHA Ebay must be really really desperate they can't even give us 0.04c (20 YEARS WITH THEM)  what a buch of tight .....