| |
| walkingupwards | 03-10-2020 01:22 PM |
Managed payments will be mandatory for my account soon!!
I received an e-mail today from eBay saying managed payments will be mandatory for me soon otherwise I won't be able to list new items!!
I am worried this will affect my sales negatively, what do you think? Anyone here registered for managed payments without sales getting hurt?
I know PayPal is now implemented, but I am skeptical because glitches :-/ |
| phaz0rz | 03-10-2020 02:23 PM |
Re: Managed payments will be mandatory for my account soon!!
No impact on sales at all anymore. |
| agent006140 | 03-10-2020 03:56 PM |
Re: Managed payments will be mandatory for my account soon!!
unlike Paypal where you see the sales amount in your account immediately,MP will deposit the amount in 1-2 ?? days to your bank account,it is up to you when you should ship the item. |
| wilburnet | 03-11-2020 04:21 AM |
Re: Managed payments will be mandatory for my account soon!!
Actually it culd be 3-4 business days with Ebay, they wont be as reliable with those direct deposits as Etsy are |
| phaz0rz | 03-11-2020 06:30 AM |
Re: Managed payments will be mandatory for my account soon!!
Quote:
Originally Posted by wilburnet
(Post 1076381)
Actually it culd be 3-4 business days with Ebay, they wont be as reliable with those direct deposits as Etsy are
| Why not.. if it's the same company sending the deposits?
I haven't had any issues with delayed deposits. |
| walkingupwards | 03-11-2020 07:19 AM |
Re: Managed payments will be mandatory for my account soon!!
Great news :-) |
| malakas | 03-11-2020 07:27 AM |
Re: Managed payments will be mandatory for my account soon!!
Quote:
Originally Posted by agent006140
(Post 1076299)
unlike Paypal where you see the sales amount in your account immediately,MP will deposit the amount in 1-2 ?? days to your bank account,it is up to you when you should ship the item.
| Quote:
Originally Posted by phaz0rz
(Post 1076394)
Why not.. if it's the same company sending the deposits?
I haven't had any issues with delayed deposits.
| Is there no hold period at all (like PayPal's 21 day hold), other than the time it takes eBay to deposit the money in your account? |
| phaz0rz | 03-11-2020 07:39 AM |
Re: Managed payments will be mandatory for my account soon!!
I just checked my eBay. The payments I received on the 8th were sent by managed payments to my bank account yesterday morning.
I can't say if there are any other types of hold when/if your account is brand new since my account was already years old when I switched to MP.
They don't seem to do much holding. If you get a return or a request, they will hold that amount of money out of your current payments received from the day by deducting it from your payout. If the case or return is resolved in the sellers favor, then they include that amount in a future payout. |
| walkingupwards | 03-11-2020 07:42 AM |
Re: Managed payments will be mandatory for my account soon!!
What about fees? Is it really cheaper than PayPal? |
| phaz0rz | 03-11-2020 07:44 AM |
Re: Managed payments will be mandatory for my account soon!!
EDIT 3 : Payment amount : $11.39, fee amount : $.31. 2.7% fee
Payment amount : $11.90, fee amount : $.32. 2.7% fee
Fee is 2.7%. So I guess there's a tiny savings compared to PP. |
Re: Managed payments will be mandatory for my account soon!!
Quote:
Originally Posted by phaz0rz
(Post 1076407)
EDIT 3 : Payment amount : $11.39, fee amount : $.31. 2.7% fee
Payment amount : $11.90, fee amount : $.32. 2.7% fee
Fee is 2.7%. So I guess there's a tiny savings compared to PP.
| Interesting - minuscule indeed. |
| james13v | 03-16-2020 05:17 PM |
Re: Managed payments will be mandatory for my account soon!!
Quote:
Originally Posted by phaz0rz
(Post 1076407)
EDIT 3 : Payment amount : $11.39, fee amount : $.31. 2.7% fee
Payment amount : $11.90, fee amount : $.32. 2.7% fee
Fee is 2.7%. So I guess there's a tiny savings compared to PP.
| BUT, will they refund the fees for returns and cancellations... |
| agent006140 | 03-16-2020 05:33 PM |
Re: Managed payments will be mandatory for my account soon!!
Quote:
Originally Posted by phaz0rz
(Post 1076404)
I just checked my eBay. The payments I received on the 8th were sent by managed payments to my bank account yesterday morning.
I can't say if there are any other types of hold when/if your account is brand new since my account was already years old when I switched to MP.
They don't seem to do much holding. If you get a return or a request, they will hold that amount of money out of your current payments received from the day by deducting it from your payout. If the case or return is resolved in the sellers favor, then they include that amount in a future payout.
| if it is acting like a merchant account provider,it could withdraw $$ from your bank account if you lose a chargeback.
say you have not sold much,so there is nothing or not enough to withhold |
| ebaystealth1974 | 03-16-2020 07:13 PM |
Re: Managed payments will be mandatory for my account soon!!
Quote:
Originally Posted by phaz0rz
(Post 1076404)
I just checked my eBay. The payments I received on the 8th were sent by managed payments to my bank account yesterday morning.
| Sunday till Tuesday? Is it normally 2 days, or sometimes 1? I have to admit, I will definitely miss instantly having my money available to me whenever I switch over. |
| ebaystealth1974 | 03-16-2020 07:14 PM |
Re: Managed payments will be mandatory for my account soon!!
Quote:
Originally Posted by walkingupwards
(Post 1076275)
otherwise I won't be able to list new items!!
| Do you often list new listings? Wonder how long they would let us continue bumping up the quantity of existing listings and not adding anything new? |
| PepsiCoin | 03-16-2020 07:33 PM |
Re: Managed payments will be mandatory for my account soon!!
Quote:
Originally Posted by ebaystealth1974
(Post 1077806)
Do you often list new listings? Wonder how long they would let us continue bumping up the quantity of existing listings and not adding anything new?
| give eb ay a ring and ask... |
| phaz0rz | 03-17-2020 06:32 AM |
Re: Managed payments will be mandatory for my account soon!!
Quote:
Originally Posted by ebaystealth1974
(Post 1077805)
Sunday till Tuesday? Is it normally 2 days, or sometimes 1? I have to admit, I will definitely miss instantly having my money available to me whenever I switch over.
|
2 days is definitely the norm. |
| agent006140 | 03-17-2020 07:55 AM |
Re: Managed payments will be mandatory for my account soon!!
CROSS border transactions can take longer |
| phaz0rz | 03-17-2020 08:12 AM |
Re: Managed payments will be mandatory for my account soon!!
Not in my experience.
They'll just deduct the amount from a future payout if you have issues with an international order, or any other order. It really works exactly like a traditional merchant account. You never have a "balance." eBay is just taking in payments on your behalf and then forwarding them to you. |
| ebaystealth1974 | 03-17-2020 08:59 AM |
Re: Managed payments will be mandatory for my account soon!!
Quote:
Originally Posted by PepsiCoin
(Post 1077811)
give me a ring and ask...
| Ask you what? |
| Mcloovinn | 03-17-2020 06:04 PM |
Re: Managed payments will be mandatory for my account soon!!
Quote:
Originally Posted by walkingupwards
(Post 1076275)
I received an e-mail today from eBay saying managed payments will be mandatory for me soon otherwise I won't be able to list new items!!
I am worried this will affect my sales negatively, what do you think? Anyone here registered for managed payments without sales getting hurt?
I know PayPal is now implemented, but I am skeptical because glitches :-/
| what country of the ebay account and which ebay site you listed item? |
| PepsiCoin | 03-17-2020 06:24 PM |
Re: Managed payments will be mandatory for my account soon!!
Quote:
Originally Posted by ebaystealth1974
(Post 1077923)
Ask you what?
| I meant to say give "em" a ring as in call eb ay and ask about mp being mandatory |
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