Adyen Features
"eBay will consolidate payments and invoices into a single account
Payouts will be made daily to your bank account
eBay are exploring faster ways to get paid with partners
All fees will be on a single eBay invoice – this will include payment fees
Those who take part in the Beta will get special discounted pricing for early opt in
eBay will automatically update all existing listings to add eBay Payments as the default payment option
PayPal is not an option! Buyers can pay with bank or credit card or Apple Pay but not PayPal. This could cause friction from buyers in the short term as they have been accustomed to buying on eBay and paying with a single click. PayPal will be included when eBay Payments rolls out more widely after the end of the beta trials.
The eBay Global Shipping Program won’t be supported under eBay Payments during the beta. We don’t have a date when this will be supported. Part of the reason for this is undoubtedly because the payment is split between the seller for their sale price and domestic shipping and part of the payment goes to the Global Shipping provider for carriage and taxes to delivery the product internationally. This could lead to a reduction in sales from customers around the world during eBay Payments beta trials.
The fees are currently 2.7% according to sources. This is less than the PayPal headline rate of 3.4% but we understand this is discounted pricing for early opt in. We don’t know what the final fees for sellers will be.
If you opt into the eBay Payments beta you can’t then opt out
Your money won’t be available to spend immediately. You’ll have a daily sweep of payments which you can withdraw but (at least in the US) it might take 2-4 days for the funds to hit your bank acccount. If you rely on having money in PayPal the moment you’ve been paid to fund shipping then you will need to reorganise you cash flow for eBay Payments.
One point for resolutions – eBay will be the only and only port of call for both buyers and sellers in the event of a dispute. Buyers will no longer have the option to turn to a PayPal chargeback, although we haven’t seen the terms for if a buyer initiates a credit card chargeback.
Bookkeeping will need to be adjusted – if you’re used to having PayPal feed payment information into your accounting systems then you’ll need to be prepared to manually update your accounts records until eBay make a payments API available and your chosen accounting provider integrates with eBay Managed Payments."
So... money will be withdrawed daily if I understand correctly? What do you think about these features?
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