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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the roll out of ebay managed payments


@11dustyattic wrote:

@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 


OK a few solid facts rather than guesses or hyperbole.

 

I have just been checking out the terms and conditions for the most reputable global online book site for proffesional used book sellers. This is the site that enABEls you to buy BOOKS. 

 

* They rank equelly or slightly higher than ebay in google searches.

 

* They ususlly have a LOT more copies of each book for sale ( not sure if this is a good or bad thing ) 

 

* As a specialist site for proffesional book sellers ( and experienced buyers )  rather than those just starting out, their prices are usualy double or triple those being asked on ebay for the same book. 

 

* Biggest downside - you would need to add a lot more detail to listings. Time is money and extra time spent listing will cost the seller big time.

 

OK so what are the fees charged. 

 

* A monthly store fee of between U.S. $25 ( 500 listings )  - around U.S. $40 ( up to 10,000 listings ) so $35-$55 Australian. ie. Slightly more expensive than  ebay.

 

* A flat commision fee of 8% on total sale price including postage cost. Very similar to ebay, depending on your store catagory..

 

* Minimum transaction fee of of U.S. 50 cents ( 65 cents Australian ) 

 

* A 5.5 % payment collection fee which includes credit card transaction fees. I gather this is quite a bit higher than ebays.

 

All up it looks to me that this site will work out slightly more expensive than ebay. ( but heck yer I must work for ebay.....Man Tongue   )

 

 

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the roll out of ebay managed payments


@11dustyattic wrote:

 

Confronting isn't it? History shows the devastating result of that very behavior, so don't you be judging me for making a decision not only for me but for the better good of everyone, in a broader sense for the future of mankind. Make your own decisions, have a contingency plan, don't just fall in and do whatever you're told. That mindset scares me. It should scare you.

I hate this site anyway, it's like writing an open cheque for scammers with Ebay supporting them every step of the way. The fees on postage is just a joke and people are so dumb they don't realise how that escalates their fees on the item itself, as designed by Ebay. They count on those using the site not being the sharpest tools in the shed

So it's not exactly a hardship for me

 


Why are you still here then? Generally if I hate something, I walk away from it.

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the roll out of ebay managed payments


@11dustyattic wrote:

Confronting isn't it? History shows the devastating result of that very behavior, so don't you be judging me for making a decision not only for me but for the better good of everyone, in a broader sense for the future of mankind.

 


unimpressed

 

Judge you?

 

I asked you why you're assuming others didn't make the choice for themselves, and judging them for it. I was highlighting the fact that someone can be very well aware of all of eBay's pitfalls and shortcomings, but still make a decision to use the site to reach their particular goals. 

 

You'll notice I didn't use any words that make an assessment of your intelligence or decision making skills - that's something you've been doing, and I was asking you why.

 

It appears, though, that you just have a weird superiority complex over your decision not to use eBay anymore, and you're just hanging out because you want to strut that decision around like a... peacock. If you can't engage in good faith conversation on the matter, I'd clearly just be wasting my time trying. So here, maybe this will make you feel better:

 

All hail the mighty dusty, decision making king and saviour of the lemmings...eventually, I guess... somehow?

 

 

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the roll out of ebay managed payments

So I received my first notification of a payout under the new managed payments system. Today is Monday 10th August. I only had 2 sales on Friday 7th August of $29.99 and $17.50 (lower than usual average). Both posted off Friday afternoon. Since then I have a total of 7 orders totalling $311.41. I am listed as daily payout. So today I received notification of a payout of $25.73 (not a promoted sale). The total fee was $4.26. This is for one of the items on Friday that sold for $29.99 (inc free express postage within Au). My concerns here are 1- Why only a payout for one of the items sold and sent Friday. 2- the total fee is closer to 14% 3- When and how will my basic store subscription be charged? 4- I cannot see how these fee’s were calculated on the invoice, it does not show this!? And lastly 5- How long will this now take to clear to my bank account?..... even if it clears tomorrow, that’s a Tuesday payment for Friday’s sales but it did not include them both so longer for some. Also my weekend sales were not included. This may all seem insignificant, but I usually average 10-30 sales over a weekend and I pay the Express postage fee of $11.95 to $24.70 via my Au.post business account using Paypal. Now I have to upfront all these costs via my bank account and will not receive the payment for at least 4-5 days, in the meantime paying postage for all other orders in between. Now I do get a business discount based on volume tier 3. But this does not apply for anything out of metro which makes up a 3rd of my sales. For those I get a $0.36 cent discount and $1.33 discount on metro postage sales. This will still mean I will need to cover from $150-$350 postage (I average $300 week for postage). Im screwed if I get a 1kg sale to Denmark for example (appox $67). Do I cancel the sale if I cant afford to post it? I am so far not at all impressed with this new managed payments system. I will update how long the first payment takes to clear and also this weekends sales time frame. At least with paypal, the money came straight out of the sale item so was always there in the account
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the roll out of ebay managed payments

Ebay- If you actually read these discussions, I am already frantically searching for an alternative site to sell on and have resumed creating my own webpage again. I believe you simply are getting too greedy. You created paypal, forced it upon us. Then sold it... now are cutting them out so you can charge their fee also. If the billions in profit you are already making is not adequate enough, then it will never be. And this is only the beginning of a fee nightmare for all of us sellers...
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the roll out of ebay managed payments


@kryptonite-cure-crystals wrote:
Ebay- If you actually read these discussions, I am already frantically searching for an alternative site to sell on and have resumed creating my own webpage again. I believe you simply are getting too greedy. You created paypal, forced it upon us. Then sold it... now are cutting them out so you can charge their fee also. If the billions in profit you are already making is not adequate enough, then it will never be. And this is only the beginning of a fee nightmare for all of us sellers...

They don't read here.



NEVERMIND ON TROUBLES!!! LET'S DO HOBBY!!!
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the roll out of ebay managed payments


@kryptonite-cure-crystals wrote:

You created paypal, forced it upon us. Then sold it... 

 


Nope :-

 

https://en.wikipedia.org/wiki/Timeline_of_PayPal

 

Just a tip when posting on the boards, use paragraphs - large blocks of text are very hard to read, and many people will not bother to wade through it......

______________________________________________________

"Start me up I'll never stop......"
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the roll out of ebay managed payments


@tazzieterror wrote:

@kryptonite-cure-crystals wrote:
Ebay- If you actually read these discussions, I am already frantically searching for an alternative site to sell on and have resumed creating my own webpage again. I believe you simply are getting too greedy. You created paypal, forced it upon us. Then sold it... now are cutting them out so you can charge their fee also. If the billions in profit you are already making is not adequate enough, then it will never be. And this is only the beginning of a fee nightmare for all of us sellers...

They don't read here.


Awww, geez Tazzie, I'm disappointed. I thought Sandy would be along with her usual spiel, but you beat her to it.

 

"Ebay don't read here, we are just fellow buyers and sellers like yourself". 

 

"What would you like fellow buyers and sellers to do about this?"

 

I think they should be made into macros (I think that's what they're called).

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the roll out of ebay managed payments


@kryptonite-cure-crystals wrote:
 I pay the Express postage fee of $11.95 to $24.70 via my Au.post business account using Paypal. Now I have to upfront all these costs via my bank account and will not receive the payment for at least 4-5 days

 

You can always change your payment method on Auspost Busness to a credit card & cover that when you receive payment without paying interest on the card.

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the roll out of ebay managed payments

Don't despair,

 

I did an experiment a year ago and stopped selling here and went to the other tree place owned by ebay and also to zuckerberg site - has never been better - more money i my pocket and the only time i got scammed was when i accepted paypal which i cut out promptly.  No fees no stupid feedback no scammers no silly dsr's no pathetic managed payments.

 

Ebay unfortunately is just an old fashioned way to sell.

 

I can undercut sellers here and still make profit.

 

It's now getting to the stage where people cannot find what they are looking for here because the sellers have left - many of my sales people will say i searched everywhere and the only place i can find it is here (where i sell) some have demanded paypal and then after a few days they come back and say i couldn't find this anywhere and am happy to pay direct deposit

 

Oddly enough i get so many offers on gtree from ebay- 'sell this item on ebay - reach more buyers/fee free for 30 days etc' - i just cry all the way to the bank as they make it sound like i'm missing out - heck i even make some small amounts from postage and have never had a package go missing.

 

Ebay is much better suited for big business like kmart etc who can afford to get scammed a few times and build in loss to their sales.

 

These days i use ebay to source cheap stock as sellers often seem desparate here to make any sale.

 

Criticism aside i think this place will operate for a long time but not so much for mum and dad type sellers

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