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@digital*ghostwrote:

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@rocketcdswrote:

 

 

For those who think this is a great idea you must have rocks in your head! Seriously if I sell $1,000 worth of items in a week and I have to wait a fortnight as some people are suggesting ebay are proposing...Yeah that works well doesn't it?

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I dunno if I would go so far as to call it a great idea, but I do think it was inevitable, and - in some ways - necessary.

 

The online world is so much bigger than eBay and PayPal now, choice and flexibility (for buyers) is imperative, and this change will allow (at the very least the potential for) that more than PayPal alone can. 

 

Of course, from a seller's perspective, it's a double-edged sword, because I don't have the highest degree of confidence in eBay being in control of my payments / funds. At this stage, though, anything other than "payment changes are coming" is really just speculation. All we have to go on is what other sites with this kind of set up do - the two I'm most familar with handle it quite differently, as mentioned earlier; one pays out strictly once per fortnight, the other has up to 24 hours as a holding period but you can withdraw daily. Kind of polar opposites, really, but I'd put $5 on eBay having a payment schedule of weekly. Not that I'm basing that on anything, other than it just seems like an eBay thing to do.

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So does this mean that ebay would become a financial entity and as such would be subject to FOS complaints if/when the situation arises?

At the moment you can't make a complaint to the FOS against ebay. Only to the ACCC if they do soemthing that is non-compliant with their own policies.