on 21-04-2020 10:40 AM
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
on 13-08-2020 07:10 AM
Hi digi,
thanks for the info - much appreciated. I didn't think partial refunds were possible.
I usually have quite a few partial refunds due to postage overpayment & combined postage rates.
I bulk edited my TOS a week or so ago to say that if more than 1 item was purchased - without requesting a revised invoice - multiple items would be sent out separately. I'm due to start ebay's mangled payments on 17/8
I couldn't find any reference to partial refunds on ebay's blurb on managed payments.
If you could post what steps were needed for a partial refund - I'd appreciate it.
Sounds like you need either funds available or processing.
All I could find was a very convoluted system requesting the buyer to lodge a case...
*sigh* Off to edit all my items again!!
on 13-08-2020 07:35 AM
@minimum_56 wrote:Hi digi,
thanks for the info - much appreciated. I didn't think partial refunds were possible.
I usually have quite a few partial refunds due to postage overpayment & combined postage rates.
I bulk edited my TOS a week or so ago to say that if more than 1 item was purchased - without requesting a revised invoice - multiple items would be sent out separately. I'm due to start ebay's mangled payments on 17/8
I couldn't find any reference to partial refunds on ebay's blurb on managed payments.
If you could post what steps were needed for a partial refund - I'd appreciate it.
Sounds like you need either funds available or processing.
All I could find was a very convoluted system requesting the buyer to lodge a case...
*sigh* Off to edit all my items again!!
https://www.ebay.com.au/help/selling/getting-paid/introducing-managed-payments-ebay?id=4795#section3
on 13-08-2020 08:00 AM
on 13-08-2020 11:00 AM
@minimum_56 wrote:
I couldn't find any reference to partial refunds on ebay's blurb on managed payments.
If you could post what steps were needed for a partial refund - I'd appreciate it.
Sounds like you need either funds available or processing.
If you have a $0 balance in available or processing, it should draw the funds from either your bank account or payment method on file, but I'd prefer to avoid that if possible. I have automatic postage discounts set up, but still get several people a week checking out items separately, so combine those and provide refunds of extra postage, less fees.
I took screenshots of the refund process for a seller group, so I'll post those up here - it's fairly straightforward (not pictured is a field where you can include a note to the buyer - I'm assuming if you use the second field to issue a refund, it applies to the individual items, so if they bought two items that were $10 each and you provide a $5 refund using that field, eBay applies a $2.50 adjustment to each item, so if they later return one item, they can only get a $7.50 refund, not $10. I'm not sure how the refund is applied when you use the field I did).
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13-08-2020 04:11 PM - edited 13-08-2020 04:13 PM
So far so good. No money in linked account but a smooth enough procedure.
My head is starting to hurt because I am not an accountant's bum.
Fictitious example:
Buyers pays $100.00 and ebay grabs $10.00 in fees
so my accounting entry will be $90.00 income.
I can't think of an easy way to enter $100.00 and then
enter $10.00 fees taken.
Totally easy to just enter a sale for $90.00 but then ebay
will be getting money that won't be recorded by a seller as an expense.
I am still using Quicken that I bought when GST first came in and
currently have it running on a separate Windows 7 PC because I wasn't
going to pay rent by the month for accounting software on my Windows 10 PC.
on 14-08-2020 07:02 PM
@Anonymous wrote:So far so good. No money in linked account but a smooth enough procedure.
My head is starting to hurt because I am not an accountant's bum.
Fictitious example:
Buyers pays $100.00 and ebay grabs $10.00 in feesso my accounting entry will be $90.00 income.
I can't think of an easy way to enter $100.00 and then
enter $10.00 fees taken.
Totally easy to just enter a sale for $90.00 but then ebay
will be getting money that won't be recorded by a seller as an expense.
I am still using Quicken that I bought when GST first came in and
currently have it running on a separate Windows 7 PC because I wasn't
going to pay rent by the month for accounting software on my Windows 10 PC.
Please, someone correct me if I'm mistaken, but I don't think it really matters because either way, you're making $90 profit (all other expenses aside), so either way, it'll balance the same.
In other words, instead of recording a $10 expense, you're recording $10 less profit, so the amount is the same.
on 14-08-2020 07:05 PM
Anyway I just came in here for my weekly report. No major hassles, but I have had a sudden influx of zero feedback buyers not paying, and immediate payment isn't an option for me as I rely on combined sales, so that's annoying.
I'm almost sure it has to do with the additional payment methods that are suddenly available to buyers, but nothing I can do about it, so blocking and moving on.
Fun fact: I believe it is possible to see who paid with PayPal by checking your order .csv, because the relevant transactions show a transaction ID.
on 14-08-2020 07:16 PM
a $100 sales is $100 income, $10 to eBay is the expense, you need to separate them - you cannot just recorded income of $90. In the case of GST registeres seller, the GST is calculated based on $100, not $90.
In glance - eBay payouts seems very clean - it tell you how much you get and how much they took.
on 14-08-2020 07:32 PM
@djavusydney wrote:a $100 sales is $100 income, $10 to eBay is the expense, you need to separate them - you cannot just recorded income of $90. In the case of GST registeres seller, the GST is calculated based on $100, not $90.
In glance - eBay payouts seems very clean - it tell you how much you get and how much they took.
I didn't communicate that well.
I just mean that we are now pre-paying eBay fees instead of post-paying them, but the overall balance is no different due to the process itself.
Presumably (hopefully?) those fees will still be shown somewhere on the monthly invoice.
In the downloaded CSV, the total payment amount (before fees) is shown.
on 14-08-2020 07:35 PM
@Anonymous wrote:
I am still using Quicken that I bought when GST first came in and
currently have it running on a separate Windows 7 PC because I wasn't
going to pay rent by the month for accounting software on my Windows 10 PC.
I'm pretty old school and enter manually into log books
I just combine daily revenue from all stores (separating domestic and international) and enter that, and then download reports quarterly for all the fees that were paid, along with what I spent on postage to send the orders.
I log any refunds I issue separately, as well as my other expenses, and tally it all up when I do my BAS. It takes me a couple of minutes a day, and maybe an hour or so for the quarterly calculation, for all 4 stores.
If you want some standalone software, there's some sellers around who have created simple to use spreadsheets that will do all the work, with full instructions on how to use them - I actually set up a spreadsheet for myself to start with, but I am lazier than I imagined and kept jotting down the numbers on paper to enter later, rather than opening the spreadsheet, so just embraced it and bought some books.