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

I'm sure you have all read the new changes coming in to play from today.

No selling fees for private sellers.

And from the 16th October payment from any sales you make will be held on your ebay balance for you to use as credit to buy items off other sellers on ebay or postage labels etc unless you manually initiate a withdrawal. No more scheduled payouts for private sellers.

What does this mean for stealthers ?

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

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 .

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

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.

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

what is a private seller?
Is it just for UK?
This has nothing to do with Paypal,back when EbAY was using Paypal,the buyer payment is deposited into our Paypal account and we can use the fund to print shipping label,buy from Ebay and NON EBAY sellers or pay for meals in a restaurant. or send it to another paypal account.
Now what Ebay is saying is that the fund can only be used to buy from Ebay sellers or print shipping labels,so if you need to buy from WMT,AMZN or your supplier outside Ebay,the fund is not available

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

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processor on their platform.funds go into ebay balance, and then it can be used to either pay for items on ebay or withdrawn.There is a bigger plan behind the scenes and its not 'saving sellers money".

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

I think its a little deeper than the PayPal approach, any private sellers who are selling a decent amount of stuff will be forced into business accounts with lower selling thresholds before being made to go over

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

When companies and individuals take such measures, it can only mean one thing...desperation..Buyers are migrating to Amazon and Vinted, which means sellers are also migrating to those platforms

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

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.

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

all valid points...

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

Private sellers are not migrating to Amazon.


Amazon have made it clear they don't want them. They want businesses selling new goods.

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

This has got nothing to do with payment control, they don't have control of ANY buyer payment method.



To have complete control buyers would have to forfeit Paypal, Mastercard, Visa etc - never happening.

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

Amazon allows private sellers that sell new products, just as there are many private sellers on eBay that also sell new goods who have indeed migrated to Amazon...I'm one of them

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

Amzn buyers are mostly interested in new or like new items (books ,items they can use in daily life ) not collectibles or antiques,may be in books they have antique books and manuscripts.
Also AMZN pictures are not good enough to display antiques/collectibles.

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

There's nowhere near as many private sellers as there was on amazon 5 years ago.

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

In the short term you might get away with it, clearly you must be a very new seller. Eventually they will demand you convert to a business either by way of turnover, volume or recognizing you're selling new goods from a private account.


In any event, my comment stands. Private sellers are not migrating to Amazon and Amazon, in reality, do not want them.

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

When APPL starts selling on AMZN,2 refurbished AAPL sellers have to move to Ebay.
AMZN does not want small sellers,we aint worth their time.
I tried to sell brand new jewelry once,AMZN said thanks but no thanks.

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

Sounds like Mercari almost....

So where would they make up for the lost revenue?

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

No more %13 fee will be nice. Having to manually initiate the payout seems like a good trade off. I wonder what the catch is

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

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.

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

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. :)

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

they are just turning managed payments into new paypal , paypal was sold at a high price and they decided to create a new paypal using their market position

however , I would not use ebay balance to buy stuff on ebay. it is a known red flag , not just for stealth accounts but for all accounts , people who used to use their paypal balance received from ebay to buy on ebay were under increased risk of suspension

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

They didn't create a 'new Paypal', they just wanted to take control of payment management. You can't, and probably never will, be able to spend your managed payments funds on other sites like you can Paypal.

How on earth can you say it is a known red flag, it hasn't even been implemented yet!

It is complete rubbish to say ALL accounts were at risk of suspension by using paypal funds to buy from ebay. Indeed, I don't even think it applied to stealth accounts, stealthers loved the option.

It's a great initiative by ebay and has pretty few, if any, downsides. Why the need for unfounded scare-mongering?

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

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

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

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.

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

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

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

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

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

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

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.:pound::pound::pound:

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

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.

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

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

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

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.

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

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 $$

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

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

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

'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.

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

Not everyone gets the payout instantly unfortunately

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

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.

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

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.

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

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.

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

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

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

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