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  #1  
Old 02-26-2020
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Talking Ebay UK to hit managed payment system this year!

Just had this email today from ebay

We will start managing payments on the marketplace in the UK in 2020. This means we'll be managing the payments experience end-to-end for buyers on the platform. As a seller, your sales transaction funds will be paid directly to your bank account and no longer into your PayPal account. The majority of UK business sellers will*be expected to enable their account for managed payments by the end of this year.
*
Sellers have been central to creating this new experience. We’ve been partnering closely with sellers in the US and Germany, where the experience is already live, to share our vision on how eBay will manage payments. We’ve taken extra efforts to listen to sellers’ feedback, concerns and ideas. We’ve already learned a lot and made enhancements to the process to make sure you will have a good experience.

We also understand that this is a change in the way you manage your business with us. We’ll be partnering with you to make sure*this transition is as*smooth*as possible and that your business continues to thrive on eBay.*

With eBay managing payments, we can simplify the end-to-end payment experience for buyers and sellers.

​​•One place for everything*- you’ll have one place to access all reports and to manage disputes and refunds. You’ll have a single company to contact for customer support and fees. Plus you’ll get payouts directly deposited into your bank account as well as payout scheduling options.•More ways for buyers to pay*- we plan to provide buyers with a larger selection of payment options, such as credit card, debit card, Google Pay, and PayPal. We’ll also be offering Apple Pay as a payment option on iPhone and iPad. This will all be done through eBay without you needing separate accounts to accept these payment methods.•Most sellers can expect to see savings compared to their current payments processing fees.

eBay continues to evolve as a modern marketplace, with the transformation of payments as the next step in that evolution. More details will be announced over the*next couple of months*as we get ready to start gradually enabling business seller accounts, but in the meantime, you can express your interest to be one of the first sellers to be enabled for managed payments
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  #2  
Old 02-26-2020
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Default Re: Ebay UK to hit managed payment system this year!

Quote:
Originally Posted by e2free View Post
*
We’ve been partnering closely with sellers in the US and Germany, where the experience is already live, to share our vision on how eBay will manage payments.
please some experienced users can let us know about advantages and disadvantages of this system?

how will payments hold and limitation will work?
also direct debit need to be confirmed ?

Thank you
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Old 02-26-2020
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Default Re: Ebay UK to hit managed payment system this year!

Only business accounts have received this email
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Old 02-26-2020
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Default Re: Ebay UK to hit managed payment system this year!

Quote:
Originally Posted by e2free View Post
...The majority of UK business sellers...
Doesn't look like itll impact the majority of stealth users if its targeting the business sellers. Similar to what Ive noticed in the US side as well - theyre only targeting the business sellers and heavy volume sellers.
At least for now...
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Old 02-26-2020
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Default Re: Ebay UK to hit managed payment system this year!

All accounts by next year. It says business sellers by 2020 and the rest of the marketplace by 2021 in the UK
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  #6  
Old 02-26-2020
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Default Re: Ebay UK to hit managed payment system this year!

To be honest it will get more difficult similar to Amazon since they will have their own payment system aswell as paypal etc
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Old 02-27-2020
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Default Re: Ebay UK to hit managed payment system this year!

I think Ebay are going to lose a lot of buyers and sellers when this happens, so they may even get less strict, in an attempt to hang on to whatever customer base they have left.

Ebay has a terrible reputation of people being scammed, and I think a lot of people only still use Ebay because they trust that Paypal will protect them.
Can you imagine how crooked Ebay's hold and dispute system is going to be?
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  #8  
Old 02-27-2020
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Default Re: Ebay UK to hit managed payment system this year!

Ebay is no longer growing,so MP would be a money maker.
Paypal makes money on 30 cents transaction fee and 2.9-4.4% discount rate,how much do you think Paypal pays its merchant account provider?
10 cents transaction fee and 1- 1 1/2 % discount rate,but then Paypal has big headaches dealing with us.
also it makes some money on foreign exchange.
also Paypal does not pay interest on our deposits
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Old 02-27-2020
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Default Re: Ebay UK to hit managed payment system this year!

Quote:
Originally Posted by CaptainComedown View Post
I think Ebay are going to lose a lot of buyers and sellers when this happens, so they may even get less strict, in an attempt to hang on to whatever customer base they have left.

Ebay has a terrible reputation of people being scammed, and I think a lot of people only still use Ebay because they trust that Paypal will protect them.
Can you imagine how crooked Ebay's hold and dispute system is going to be?
I agree. Sellers need to be worried, BIG time.

Unlike amazon if buyers abuse the system they are booted for life and stealth on there is near impossible, with ebay they welcome fraudulent buyers with open arms. You can basically sign up with banned details now and still buy things perfectly fine, just can't sell.

And all ebay will tell the seller is sorry being scammed should be part of your business plan because if you had a brick & mortar store you would get shop lifters ... so please report it to action fraud (who do jack ****), please report it to the police (who also do jack ****) ... even filing a money claim yourself is a time consuming tedious process. No seller has the time for any of these things, running a business is hard enough !
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Old 02-27-2020
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Default Re: Ebay UK to hit managed payment system this year!

Never sell anything on Ebay that you can't afford to lose
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  #11  
Old 02-27-2020
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Default Re: Ebay UK to hit managed payment system this year!

The managed payments will be coming as early as July as the "terms of the Operating Agreement with PayPal" was for 5 years and that was July 2015
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  #12  
Old 02-28-2020
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Default Re: Ebay UK to hit managed payment system this year!

Quote:
Originally Posted by james_112233 View Post
and the rest of the marketplace by 2021 in the UK

Where does it say this?
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  #13  
Old 02-28-2020
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Default Re: Ebay UK to hit managed payment system this year!

Quote:
Originally Posted by paulfoltyn View Post
Where does it say this?
https://www.ecommercebytes.com/2020/...ing-to-the-uk/
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  #14  
Old 03-10-2020
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Default Re: Ebay UK to hit managed payment system this year!

How is it going to affect stealth accounts?
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  #15  
Old 03-10-2020
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Default Re: Ebay UK to hit managed payment system this year!

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Originally Posted by Elmostaf View Post
How is it going to affect stealth accounts?
Alot only time will tell us
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  #16  
Old 03-10-2020
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Default Re: Ebay UK to hit managed payment system this year!

If sellers could make it happen on amazon, they can do the same on ebay. Im actually looking forward to the change
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  #17  
Old 03-10-2020
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Default Re: Ebay UK to hit managed payment system this year!

It won't affect small sellers who choose to use paypal that sell stuff around there house. They goin after big sellers right now for MP.

Last edited by ebayStlealth300; 03-11-2020 at 12:20 AM.
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  #18  
Old 03-24-2020
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Default Re: Ebay UK to hit managed payment system this year!

How are you guys getting around the name having to match while on manage payments?

I am thinking about switching to it and I dont know what to do about the names not matching.
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