After 15 years, eBay plans to cut off PayPal as its main payments processor

slokor · #23 01-31-2018

Wondering how they'll handle the $20k annual limit. Will it be Ebay now that's asks you for the SSN? its a federal requirement so its not like they can get around it.

slokor · #24 01-31-2018

Just thought of something...
Does this mean that all the ebay accounts linked to limited paypal accounts will become viable accounts again?
That's kinda good news to a LOT of people who lost accounts over the years due to the paypal account getting limited.

nodeal · #25 01-31-2018

Quote:

Originally Posted by slokor

Just thought of something...
Does this mean that all the ebay accounts linked to limited paypal accounts will become viable accounts again?
That's kinda good news to a LOT of people who lost accounts over the years due to the paypal account getting limited.

I was thinking it is bad. Sounds to me like if just your eBay account gets suspended, whatever bank you are using to receive payments is also toast. At least when using PayPal, if my eBay was suspended, the PayPal was still alive with the bank attached.

HurricaneHuntr · #26 01-31-2018

Quote:

Originally Posted by slokor

Just thought of something...
Does this mean that all the ebay accounts linked to limited paypal accounts will become viable accounts again?
That's kinda good news to a LOT of people who lost accounts over the years due to the paypal account getting limited.

I have went against the grain for YEARS and had very high sucess rates, when a paypal is limited, i just create a new paypal and have the funds sent to the new paypal from the old ebay account, and just pay the ebay fees with a VCC.. Have a few old school accounts churning through 2-3 paypal accounts a year and no issues on ebay.

Gladiator · #27 01-31-2018

Quote:

Originally Posted by nodeal

I was thinking it is bad. Sounds to me like if just your eBay account gets suspended, whatever bank you are using to receive payments is also toast. At least when using PayPal, if my eBay was suspended, the PayPal was still alive with the bank attached.

The bank account will be toast, yes.

But just like your analogy, if the eBay is good and the Paypal is toast - the same concept applies. One or the other boots you out.

HurricaneHuntr · #28 01-31-2018

Quote:

Originally Posted by nodeal

"To enable payments in their eBay accounts, sellers should expect to provide eBay with some additional payments-related data and transition to a new relationship with eBay that includes integrated payments capabilities."

Are we talking about them asking for account and routing number? Or SSN? Big difference.

I would love to hear more people chime in about their experience using Adyen as a payments processor, how it works, is it easier or more difficult than PayPal, etc.

I hope a guide or break down of how this will affect us stealthier makes its way onto these forums.

This is my question too. I report all my taxes, and this is the first year i got one of those k forms. I just don't go over 20k in paypal, and keep making new paypals. Because, i don't want the form issue, i only got a form this year because of amazon. But, otherwise... some of my really good ebay accounts, went through 3 paypal accounts 19k 19k 19k

And again for the record, i pay my taxes, my accountant sends in ??K a month in estimate payments for me.

Gladiator · #29 01-31-2018

If they do everything exactly like Etsy Stealth - I'd honestly say it got easier for you guys.

Once it's implemented I'll gladly help you guys after I verify the same method works. I've got around it on two platforms, I'm ready to go for three.

vidim · #30 01-31-2018

"Most sellers can expect their costs of payments processing to be reduced"
I'll believe that when I see it.
There is simply no incentive to let us sellers get off with paying less.

Gladiator · #31 02-01-2018

Quote:

Originally Posted by vidim

"Most sellers can expect their costs of payments processing to be reduced"
I'll believe that when I see it.
There is simply no incentive to let us sellers get off with paying less.

https://www.adyen.com/pricing/full-list

vidim · #32 02-01-2018

Quote:

Originally Posted by Gladiator

https://www.adyen.com/pricing/full-list

That has no bearing on what I wrote.
What will be interesting to see is what the fee will be when Adyen are the main payment proceessor for Ebay. Ebay are taking this company from relative obscurity to the heights, for some reason. I see no reason why they would let us sellers get off with paying less.

Gladiator · #33 02-01-2018

Quote:

Originally Posted by vidim

That has no bearing on what I wrote.
What will be interesting to see is what the fee will be when Adyen are the main payment proceessor for Ebay. Ebay are taking this company from relative obscurity to the heights, for some reason. I see no reason why they would let us sellers get off with paying less.

The transaction fees are how Etsy and Groupon are priced....

https://www.etsy.com/sell

eBay may make them a "name" but one quick glance at their website shows a lot of top 20 websites have been using them, like Spotify, Netflix, Etsy, Groupon, etc.... they just name their checkout solution their own brand. eBay may do the same, etsy for example is "etsy payments"...Adyen is simply a processor that lets an end user company make their own processor on site.

dealagreeproceed · #34 02-01-2018

A BIG QUESTION I HAVE is will buyers on ebay after 15 years of paypal all of sudden start using adyen for payments??? unless ebay is going to force them???

Ebayorbust · #35 02-01-2018

Quote:

Originally Posted by dealagreeproceed

A BIG QUESTION I HAVE is will buyers on ebay after 15 years of paypal all of sudden start using adyen for payments??? unless ebay is going to force them???

I think if they did that, ebay sales would plummet.

I can see Paypal being phased out slowly over many years.

Gladiator · #36 02-01-2018

Etsy got rid of PayPal within three years of Etsy Payments being created, at least as the main processor for most areas. I could see them getting a lot more sales as people can pay directly on eBay and, if it’s like Etsy payments, they will process PayPal via Adyen too.

sarah74 · #37 02-01-2018

Im thinking, with this new system will we now need to have a bank attached to every ebay account?

13obby · #38 02-01-2018

I think so

al2000 · #39 02-01-2018

This 2 years Paypal will be very generous 😁

Gladiator · #40 02-01-2018

Quote:

Originally Posted by sarah74

Im thinking, with this new system will we now need to have a bank attached to every ebay account?

Yep. That’s how it works.

empirestate · #41 02-01-2018

PP will still be an option...so why worry?

13obby · #42 02-01-2018

Yes but not for long

#43 02-01-2018

Many many people haven been brainwashed in to thinking paypal is the best method for sending and receiving money. Theres no way the ordinary customer will dump it aslong as its an option.

donkeykong2012 · #44 02-01-2018

From a stealth point of view I suspect this will not be a huge issue.

However convincing both buyers and sellers to change habits might be difficult.

There is also the possibility of a stealth fee hike, EBay's woeful record in implementing new technology, and also serious security concerns of giving EBay sensitive financial information. Ebay's Dispute resolution process will have to seriously up their game - as well as their customer service. I have concerns about all of these.

Finally, despite what many think of Paypal, they are a tried and tested payment processor.

My guess is that this timeframe is likely to be extended considerably.

We will see.