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Originally Posted by hotadvice (Post 1247732)

and also a sign of desperation too...they are seeing people migrating to other platforms.Never thought id see the day ebay scraps fees.Very very big decision, either ways more money in sellers pockets for now but their ultimate objective is becoming their own payment processor, watch youll probably be charged a withdrawal percentage fee in the long run once they scrap all other payment methods out.

Originally Posted by agent006140 (Post 1247755)

if the ebay fund can only be used on eBAY,
THIS will kill those retail arbitragers who need the money to buy from AMZN,WMT or anyone outside Ebay.
To be like Paypal,they would have to offer foreign exchange,a debit card to tap your Ebay fund backed by y our bank fund,use it as a credit card and get a 1% rebate ,allow you to keep your fund in different currencies,I doubt Ebay wants to do all that.

Originally Posted by OldTom (Post 1247790)

I think it's a clever move by ebay and not one of desperation as it could be viewed as.

Interest on buyers held funds and a likely increase on spending on the site as ebay will surely sell the ease with which funds can be used to buy from their mainstream businesses. (rather like paypal funds back in the day)

Then there's promotions, they wont be free will they? Can't see ebay giving great visibility to them.

And there's also just the advertising opportunities to ebay. Attract new private sellers and try and hurt the likes of Vinted too. Might even get some new business sellers out of it too.

It's already been trialed in Germany and was deemed a success, how they quantified 'success' that is unknown.

True private sellers are now a small part of their revenue stream, set to get much smaller and they know it. What have they got to lose?

Lets not kid ourselves, in the extreme scenario where crushed the likes of Vinted out of business they might have a fee 'rethink' but I simply see this as an opportunity to capitalise on a dying part of their business.

Hey, they might even put up business seller fees (again) to cover it. :)

Originally Posted by OldTom (Post 1248073)

MP is not advancing you funds. Some funds sit in 'processing' and are not available.

'Available funds' are just that, monies which have cleared and can be immediately transferred to your bank account.

Originally Posted by fernendo (Post 1248112)

I would say if a buyer pays with a credit card then in a way you're always being advanced the funds as they can be charged back within 180 days so it isn't "cleared" until then.

Originally Posted by hotadvice (Post 1247734)

i said its taking the paypal approach.They want to be the only payment processor on their platform.funds go into ebay balance, and then it can be used to either pay for items on ebay or withdrawn.There is a bigger plan behind the scenes and its not 'saving sellers money".

Originally Posted by james_112233 (Post 1247788)

From what I am reading ... interest, as private sellers will now have an e-wallet that money has to be kept in a pot somewhere right.

Next year they are introducing a "buyer fee" possibly a subscription service like Amazon Prime. They already have eBay Plus in Australia.

Originally Posted by SaiJin (Post 1248131)

Wait we have to keep the money in the so called pot and we can't withdraw?

I think that's a really bad negative for sellers

Originally Posted by agent006140 (Post 1248174)

what is a private seller?