No selling fees for private sellers and balance held in ebay account ?

[murdered_by_ebay]

ebay regularly suspended accounts in the past that used ebay proceeds to purchase items instead of withdrawing from paypal , if the system comes back the red flag will come back as well , this is a favourite way to withdraw funds by
fraudulent sellers as they do not need a bank account

never say never , they can easily allow to spend funds from ebay balance or send them elsewhere , there are no problems whatsoever to implement such a function

[agent006140]

When Paypal was the only payment processor for Ebay,it is not Ebay which suspended the seller who used his Paypal fund and immediately buy from say Alibaba,it is Paypal !
Ebay no longer owns Paypal,so what the Ebay seller does with his Paypal fund,Ebay has no control or knowledge of what he did.

[murdered_by_ebay]

ebay were suspending accounts that were selling and buying at the same time

it is not about control over paypal funds but about ebay proceeds being paid into paypal account XY and using that same paypal account to buy items on ebay , that is a huge red flag as this scheme is used by fraudsters who can turn ebay sales into ebay purchases without involving any banks

I would certainly not risk doing it on a recent account

[OldTom]

Originally Posted by murdered_by_ebay

ebay were suspending accounts that were selling and buying at the same time

it is not about control over paypal funds but about ebay proceeds being paid into paypal account XY and using that same paypal account to buy items on ebay , that is a huge red flag as this scheme is used by fraudsters who can turn ebay sales into ebay purchases without involving any banks

I would certainly not risk doing it on a recent account

Ebay were not routinely suspending buyers because they used their paypal funds to buy on ebay nor, as you implied, were they suspending folk for paying for other services from their paypal account rather than withdrawing it to a bank.

Why you had to make a mess of this thread with your outdated and irrelevant nonsense is beyond me.

JamesNorth101 has already warned you for posting misinformation, why are you continuing to do it?

[murdered_by_ebay]

there is no misinformation , if you don't like it just ignore , go to some other place. you don't know what you are talking about anyway , obviously you lack experience

[OldTom]

Originally Posted by murdered_by_ebay

there is no misinformation , if you don't like it just ignore , go to some other place. you don't know what you are talking about anyway , obviously you lack experience

LOL, you're funny.


Lets just recap what you said..."I would not use ebay balance to buy stuff on ebay. it is a known red flag"

If you can see into the future any chance of the weekends lottery numbers.

[james_112233]

Originally Posted by OldTom

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.

I agree with your points.

True private sellers will most definitely become a small revenue stream for ebay just as it is for amazon. The new HMRC reporting rules is going to drive true private sellers to the likes of all the second hand shops in the UK. Anybody looking to get rid of a electronic will just hand it in to cex or have a go at facebook marketplace.

[rsot]

Originally Posted by james_112233

They already have eBay Plus in Australia.

Would be good to hear of ppl's experience with this in Australia

[fernendo]

Originally Posted by hotadvice

i think they are trying to adopt a paypal approach with the aim of eventually phasing paypal out as a payment method.They want complete control of their site.They should be prepared to offer instant withdrawal into bank account if they introduce this.As a manual request should enable funds go straight into bank accounts within seconds and not 1 to 3 working days .

Phasing out paypal makes complete sense to eliminate the "I won the ebay dispute but paypal refunded them anyway gripe"

As a buyer I love Paypal the 180 days buyer protection means I don't have to worry about being scammed. For example a phone is blocked 31 days after delivery means you're screwed unless you can file a chargeback with bank.

[agent006140]

As a manual request should enable funds go straight into bank accounts within seconds and not 1 to 3 working days .
-------
Most buyers use their credit cards to pay you,if Ebay deposits the fund within seconds to your bank account,it is prepaying you as it takes more than seconds to collect the fund from your cc issuer.(24 hours -48 hours,overseas cc could take longer)
I doubt if Ebay is willing to do so if the amount is large $$

[rsot]

Originally Posted by agent006140

Most buyers use their credit cards to pay you,if Ebay deposits the fund within seconds to your bank account,it is prepaying you as it takes more than seconds to collect the fund from your cc issuer.(24 hours -48 hours,overseas cc could take longer)
I doubt if Ebay is willing to do so if the amount is large $$

These days with Internet and ultrafast processing, the so-called "delays" seem pretty bogus - any so-called processing delays are due to holds and manual checks on transactions to deal with potential fraud

[OldTom]

Originally Posted by rsot

These days with Internet and ultrafast processing, the so-called "delays" seem pretty bogus - any so-called processing delays are due to holds and manual checks on transactions to deal with potential fraud

'Available funds' means just that. There is no processing delay to check on transactions. Any delay on hitting a sellers bank account is not of ebays doing.

Pretty certain I'm not alone in saying that when I request a payout it hits my bank account instantly and ebay have never delayed it to retrospectively manually check for fraud. That's just ridiculous.

[rsot]

Not everyone gets the payout instantly unfortunately

[OldTom]

Originally Posted by rsot

Not everyone gets the payout instantly unfortunately

Given this is loosely a UK based thread then yes they do.

If they're holding onto funds on, say, .com then I can't explain why, not even sure they do, and is probably explained more by systems/banking delay and the transfer was duly initiated when requested. But it ain't to retrospectively manually carry out fraud checks as was implied. Like I said, ridiculous suggestion.

[agent006140]

Most buyers use credit cards,and it does take 24 hours at least to collect the fund for you,so if you are getting it same day,MP is advancing you the fund .
And if it were a large sum of money,MP may not be willing to be so generous.
Also there are credit cards and there are credit cards,some obscure cards issued by local credit unions could take days ,
Ditto with cards issued by foreign banks.

[OldTom]

Originally Posted by agent006140

Most buyers use credit cards,and it does take 24 hours at least to collect the fund for you,so if you are getting it same day,MP is advancing you the fund .

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.

[murdered_by_ebay]

if someone is advancing it is credit card companies , they can easily pay out the funds immediately after processing if they do not consider the merchant risky , in this case adyen are agent of credit card companies and ebay are the merchant

but of course they can also take the money away anytime so these payouts are always tied to conditions

[fernendo]

Originally Posted by hotadvice

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.

Very good point they could say no fees but you gotta pay to withdraw

[fernendo]

Originally Posted by hotadvice

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.

Healthy competition at work. Facebook had 2 big advantages over ebay 1) No fees 2) No disputes or returns

[fernendo]

Originally Posted by agent006140

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.

How will it kill arbitragers if they can simply withdraw the money?

[fernendo]

Originally Posted by OldTom

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.

I agree I think it's a smart move like you say most of their revenue is from businesses anyway. Private sellers may still pay for promoted listings etc

[fernendo]

Originally Posted by OldTom

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.

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.