eBay

groupbreakhits · ‎04-29-2021

After 21 years of selling on ebay.com, I have decided not to sign up for managed payments.

I have enjoyed this platform for buying and selling over that time, but managed payments changes my experience so greatly, I have been forced to seek alternative buying and selling platforms.

It all centers around not being able to receive funds in USD. You see, I use my sales to buy additional items on eBay.com in USD for my own collection (vintage baseball cards). Now, manged payments force conversion from USD to CAD, and then back to USD if I'd like to make a purchase. That's too much cost to absorb.

I have been told eBay Canada is working on the ability for Canadians to receive their US sales in USD to their US Chequing account in Canada.

I am doubtful that will happen. If PayPal couldn't do that, there isn't much chance eBay or their partners will be able to. They've had two years to find a solution to this, and they haven't. So maybe they do figure out a way to deposit in USD. Can they then take out in USD for a new ebay.com purchase? Again, more doubts. And no answers from eBay. Why would I hand over my personal information with these details? The answer is, I wouldn't, and I won't.

I do wish to thank eBay for 21 mostly great years. I wouldn't have the collection I do without you. The online world has changed, and you've made a business decision to move on from folks like me, but luckily there's a lot more choice out there these days.

All the best to you and your employees - Ryan

marnotom! · ‎10-10-2021

@pjcdn2005 wrote:

The change to Managed Payments was not a change made just for the sake of change.
I'm sure that a big reason for it was income revenue for eBay.

Definitely. PayPal was a huge revenue source for eBay back when it was an eBay company.

Something also to consider is that the greatest period of change to the payment platform and to services offered to sellers was when PayPal was under eBay's wing. After eBay lost PayPal, I feel that things sort of slowed, possibly even stagnated. I don't think that's a coincidence.

marnotom! · ‎10-10-2021

@reallynicestamps wrote:

I agree that losing the ability to use funds for purchases was probably a drawback. I'm not a great consumer these days so it's hard for me to think of anything I would buy online that isn't also available from a local shop.

And the US dollar /only one bank account is annoying for Canadians who normally find most of our customers in the USA. This would not be a need for US sellers, or for EU sellers who deal in a single currency. Possibly for UK customers selling into the EU and US, but they were included in the GSP because they were reluctant to sell outside their own little island.

But leaving PP was a return to the status quo ante, when PP belonged to eBay and eBay got part of their corporate income from payment processing. After relatively short lapse (2005-2021) eBay is back at that state.
The concerns of members had nothing to do with it.

My wife and I share a PayPal account, but I haven't used it for my online purchases for ages. I don't know how typical this is of occasional online shoppers like myself. My wife--who buys a lot more online than I do--generally pays for her online purchases directly with a credit card as well unless the site proves too difficult with one but offers PayPal.

If our experiences mirror online shopping trends, the reasons for eBay to keep PayPal as an eBay payment method for buyers may become less compelling. I wouldn't be surprised if eBay's monitoring the number of payments made by PayPal through Managed Payments to see if it's viable to drop it altogether or make it available only in a limited number of markets when its current agreement with PayPal expires in the next couple of years.

It may also partially explain the PayPal fee hike. Yes, inflationary pressures are very likely at work, but I think an anticipated loss of eBay revenue also influenced the decision to raise fees.

femmefan1946 · ‎10-11-2021

I'm less likely to use PP for things than for "experiences", like convention fees or memberships.

But at 75, I really don't want anymore ".stuff"

mrdutch1001 · ‎10-11-2021

I still like to use PayPal for online purchases- for anything on sites where PayPal can be used and do get annoyed at having to use a credit card, despite the fact that paying off the credit card right away is no problem. Perhaps it's because the funds are being immediately deducted from PayPal balance whereas the CC purchases are a debit that comes after the fact.

femmefan1946 · ‎10-11-2021

That's like saving money by using only cash.

It's harder to buy a latte and a butter tart when you are handing over a $5 and a toonie, that to tap a card.

mrdutch1001 · ‎10-11-2021

I guess that depends upon where you are making that purchase in North America, Europe,etc...

Many outlets, many areas LOVE cash!

doc-holmes · ‎10-12-2021

I always use my credit card for online purchases, but through PayPal. It's just another layer of protection.

cardconnoisseurs · ‎10-14-2021

With all due respect, that's a rather large over-reaction. So let's say those conversions cost you....1%. Not selling anything will cost you 100%. Sell an item on the platform it is most likely to sell on, don't get tangled up in the weeds worrying about a percentage point here or there. Leave that to the derivative traders, casinos, and payment processors.