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09-08-2020 02:17 PM - edited 09-08-2020 02:20 PM
Having just come from a phone call from eBay this morning (yes, Sunday morning), I can confirm that eBay management appears to be walking away from the term - "Managed Payments" and is now seeking to say it is just a "FVF" Final Valuation Fee. If anyone tells me otherwise, then it's not what I was led to believe about Managed Payments.
If a seller has payment made via cash, direct bank deposit or PayID, then it is the seller who is managing the payment and therefore should not be charged a loaded fee (no matter what it's called) , quite possibly around 3%, incorporating a financial payment fee elected by the buyer, such as a Paypal payment service fee. eBay are now seeking to suggest there is now only a flat-rate .30c associated with the actual "Managed Payment" which is the sum total of what would be refunded if the seller managed the payment outside of eBay's system. This was borne out by a sale situation today whereby a buyer bought two items and I tried to find the split fee amounts.
Ten days ago, I had it confirmed by eBay support management that my first sale documented here in this thread was definitely paid by the buyer using Paypal. I discovered it in another data area of eBay too. eBay would not have paid Paypal only .30c for handling that transaction.
eBay can't start back-tracking on the way their monster was created and its effect on us, both financially and emotionally.
Side Notes:
- It was very complex today trying to find the clear fee information as to how multiple purchases present individual Managed Payment fees.
- I have direct hardcopy evidence that FVF and Managed Payments are the one and the same, even when the .30c (+.03c GST mind you) are applied. It's not a true and honest representation of what we were led to believe Managed Payments was because it seeks to obfuscate financial payment fees that don't exist, making it look like the actual financial payment fee is no more than .33c. This is not a true and honest representation for built-in financial service fees we should not be paying if we receive payment by cash, direct bank deposit or PayID. eBay are seeking to profit from non-existent financial service fees in these managed payment cases.
- The "Download" button in emails purporting to present a Tax Invoice for a month of transactions and fees, now doesn't present automatically as a Tax Invoice. You have to go in and out of several webpages to get the Tax Invoice showing eBay's ABN. It still shows eBay's address in the header as :
eBay Marketplaces GmbH
Helvetiastrasse 15/17
3005 Bern
Switzerland
Then directly under that it states;
This is not a payment address
ABN: 64 652 016 681
What rubs more salt into the Managed Payments wound, is the additional loaded/built-in financial services fee % eBay now takes for managing payments (including the fee taken where no third party financial services fee exists, most of that extra money appears to be going off-shore and not used within Australia to support locally based sellers, locally based industries and our Australian governments and the fair go services they provide to all Australians.