As expected, our first ever sale under the new Managed Payments cost us more in fees.

The whole hype about it being better for us, especially the claims about being cheaper, are utterly and definitively FALSE as noted by our very first sale.

You would have thought, with such a grand change to the way eBay went about this change, they would have ensured everyone shared in a financial benefit. But no, we've been difinitively conned. This is the true face of the entity we deal with which put manager bums on cushy chairs, the very people who rely on their own exisitance is us, the sellers, who have been totally and shrewdly conned. We had it pretty well worked out in a thread several months ago and obviously eBay management couldn't have cared less, but now it's definitive.

$24.95 sale on 7th June 2020 just before Managed Payments switched on:

eBay FVF (Final Valuation Fee): $2.61

Paypal Fee: $.95c

Total of Fees: $3.56

Amount instantly appearing in my Paypal account on 7th June 2020: $24.00

Amount I actually received after eBay fee statement paid: $21.39

$24.95 sale just after Managed Payments switched on:

eBay Managed Payments Fee including FVF: $3.60

Amount I'm due (eBay "Payout is on it's Way" email notification came in 4 days after the sale and advises it will be another 3 - 4 days until I have the money in my bank account) in a week or more time: $21.35

.04c mightn't seem like a lot but we are talking about a very modest sale. Where the .04c speaks volumes is how a large entity like eBay, couldn't have the decency to ensure it would be at least a .04c saving rather than an impost that goes against all the Managed Payments hype they landed upon us. If they were really intent on making things beneficial for us, they would have made sure it really was.

Not only am I paying more in fees, I have to wait over a week for the money I'm left with (yes, we have it set to "daily" transfer as per eBay assistance during a lengthy phone call from eBay to us. Moreover, the Managed Payments come through in lump sums, an absolute nightmare for reconciling against individual invoices. For sellers who may use Xero Accounting, there is no mention of an eBay-Xero developed reconciliation portal for this to be reasonably automated. This alone will force a lot of sellers out of eBay.