Possibility MP might be push back till September

[littleredengine07]

I feel their is possibility MP might be push back till September. Apparently eBay doesn’t do the verification but their payment processor does. I am assuming a good chunk of people ignored the email and with the amount of backlog regarding sign up for MP. Then also we are in a middle of PANDEMIC let not forget. If eBay starts too turn off everyone who got the notice. Probably a huge drop in revenue. Then we are in the middle of Q2 business quarter. It look bad for eBay to have a huge drop because they jump the gun and didn’t properly transition over sellers smoothly to MP. Imo shareholders will not be happy. Q3 starts in September.

eBay should of concentrated on growing their niche markets and other markets instead of this payment system. They should of gave more choices to use as payment processor then locking everyone to ayden.

The reason I feel they might pressure people more in beginning of September because it beginning of new business quarter.

I might be wrong but it shows how sloppy eBay is when transitioning. They want to act like amazon but ending up performing like a Walmart super center at 10 o’clock at night when they put 1 cashier to 50 customers.

[warnka1]

lol asumptions

[yankee]

Hey........ 80-90% of ebay users never even herd of MP. I would say their 5 year plan of 2023 is running right on schedule.

I wish MP was across the board starting today personally. I wish we could open accounts day one with MP.

[sardonicus]

Originally Posted by yankee

Hey........ 80-90% of ebay users never even herd of MP. I would say their 5 year plan of 2023 is running right on schedule.

I wish MP was across the board starting today personally. I wish we could open accounts day one with MP.

I spoke to an MP this past weekend. They said they are processing tens of thousands of sellers right now. They hope to have most of the sellers of their first wave registered by the beginning of next year. It's kind of like being called for jury duty. You're just waiting to get called. Could be tomorrow or it could be next year. Some will be lucky and get called later rather than sooner.

[animekings99]

I'm hoping we have a few years to keep makeing money with paypal and not MP. With cv19 going on I'm very worried about a lot of ebay ppl on here that use true ebay st acc. Ebay picked a wrong time to do this. Keep selling that's what's I'm doing

[yankee]

The sooner ebay gets everything switched over to MP, the better as far as I am concerned.

[littleredengine07]

Has anyone created a second MP account? My biggest concern is when MP across the board meaning when you sell anything. You need to sign up for MP and get hit with ban of some sort. You will be dead in the water.

[sardonicus]

Originally Posted by littleredengine07

Has anyone created a second MP account? My biggest concern is when MP across the board meaning when you sell anything. You need to sign up for MP and get hit with ban of some sort. You will be dead in the water.

If you're forced to join MP, you can create a new account. That account will not automatically be required to join MP even though your other account has. At least, that is how it's being done at the moment. A rep told me people are creating paypal accepting accounts all the time and that the MP will eventually be all accounts, but it's moving in phases.

[littleredengine07]

Originally Posted by sardonicus

If you're forced to join MP, you can create a new account. That account will not automatically be required to join MP even though your other account has. At least, that is how it's being done at the moment. A rep told me people are creating paypal accepting accounts all the time and that the MP will eventually be all accounts, but it's moving in phases.

I think it’s a bad idea. It might trigger a restriction or limitation imo. The last time I trust a PayPal rep. He god my account locked.

[sardonicus]

Originally Posted by littleredengine07

I think it’s a bad idea. It might trigger a restriction or limitation imo. The last time I trust a PayPal rep. He god my account locked.

I'm only telling you what I was told. Also, everything I've said on here was said by an MP rep, not a Paypal rep or regular eBay rep. Take it as you will.

[phaz0rz]

Have you guys read eBay's latest update in seller hub, "eBay's Q2 business results"?

There's zero mention of MP anywhere in it. The new CEO is bragging about having their best quarter in 15yrs (because of the covid nonsense) and starts talking about things like seller hub and the ability for sellers to send custom offers to buyers. It seems to me like they're realizing how toxic of a subject MP can be so they intentionally said nothing about it.

I doubt they're laying off of it.. but, who knows.

[littleredengine07]

Originally Posted by phaz0rz

Have you guys read eBay latest update in seller hub, "eBay's Q2 business results"?

There's zero mention of MP anywhere in it. The new CEO is bragging about having their best quarter in 15yrs (because of the covid nonsense) and starts talking about things like seller hub and the ability for sellers to send custom offers to buyers. It seems to me like they're realizing how toxic of a subject MP can be so they intentionally said nothing about it.

I doubt they're laying off of it.. but, who knows.

If ceo hasn’t mention it. It’s a good sign (maybe) that it’s being delayed to next quarter giving us stealthers more time to formulate a plan. eBay will eventually institute it across the board. I bet the beginning of next quarter. MP is not going away they invested too much into it.

[james_112233]

Greed. They are absolutely raking it in due to covid.

They won't jeopardize it by enforcing MP any time soon.

[jieta2]

Hardly zero mention. This is what the CEO told analysts on the conference call Tuesday. It may not be immediate, but it is profitable for Ebay and it is coming.

"Operationally, our top initiative over the past two years managed payments just reached a very important milestone as we begin to scale globally. Although the original operating agreement reached the end of its term, PayPal will remain an important partner moving forward as a payment option for buyers.

And from a seller perspective, after successful launches in the US and Germany over the past two years, we've started migrating sellers in the UK, Australia and Canada on payments. We expect to transition the majority of all sellers globally over the next 18 months and we remain on track to realize $2 million in revenue and $500 million in operating profit in 2022.

Managed payments is a great example of a tech-led reimagination of our marketplace. It provides a simpler and seamless experience for buyers and sellers around the world."

[littleredengine07]

Originally Posted by james_112233

Greed. They are absolutely raking it in due to covid.

They won't jeopardize it by enforcing MP any time soon.

A lot of companies are raking in the cheddar. Although my question is once those stimulus checks run out and next one is going to be the VERY LAST. What would the financial landscape look like then? Imo a lot of the strong sales currently going on is due to stimulus checks and unemployment checks.

[enabomen]

Got a message today suggesting that we register for MP, but, that managed payments wont be activated for the account until "early next year."

[sapphirepro]

Originally Posted by enabomen

Got a message today suggesting that we register for MP, but, that managed payments wont be activated for the account until "early next year."

So now you can’t list with paypal as form of receiving payments?

[enabomen]

Yes, I can still list using PayPal.

[wilburnet]

i just read on Ecommercebytes re Managed Payments, if you set you set your payments to " Daily Payouts " that first payment will hit your bank account in 3-4 business days but knowing Ebay will probably take a little longer

[sardonicus]

Originally Posted by wilburnet

i just read on Ecommercebytes re Managed Payments, if you set you set your payments to " Daily Payouts " that first payment will hit your bank account in 3-4 business days but knowing Ebay will probably take a little longer

Mine have been paying out within 24 hours of the actual payout. The time from when you mark it shipped and the payout can be a day or two. So, all total is about 2-3 business days.

[prodigyace]

Stealthers who learned from their mistakes should be able to keep their business going. Those who are flipping accounts like they don't matter, clearly selling counterfeit goods (and more) will get the boot.

Good sellers will have less competition... I'm glad MP worked successfully for me, I plan to keep it going for years to come as long as ebay doesn't go under

[eatjunk]

Now, all my accounts are blocked from create new listings.... the pushed MP, enforced. NO hope now.
I tried my real information account, but they sent me an email after a few hours to ask me to submit my bank statement. I think small banks are not working... or the name has to be exactly match your eb ID, letter to letter. Otherwise, it will NOT pass.

I also sell on other sites, NO other sites are required like this. Amazon, Etsy, they do not care your bank names.. ONLY new MP.
This will hurt eb's business, since more than 50% accounts on there are stealth.... they will get killed.
Eb will go under.... they will have at least 50% less sales... in the next year. Due to this bad economic and the war with China, we will probably have nothing to sell any way.
Try to save as much as you can, go starving....