If registering for MP in US$, what happens to current CDN$/Paypal listings?

[byto253]

I got the "invite" and am setting up for a US$ managed payment.   I will be putting all future listings in US$ but currently have CDN$ listings only.   

What will happed with the payments on those existing listings?  Once MP kicks in will the funds be converted to US and deposited, or grandfathered in and CDN$ paid out to Paypal?

I suspect all will go MP but hoping otherwise.

[femmefan1946]

Do you have a dotCOM registered eBay account or a dotCA registered account.

You can only have a bank account in the country in which you are registered.

Yes, you can have a dotCA registered account and post all your listing to dotCOM  (or to the UK or Australian or German sites in the appropriate currency).

But your dotCA account can only have a Canadian bank account.

Apparently we can now choose to use a Canadian bank account in USD (rather than in Canadian dollars).

[byto253]

Yes, I understand that.  I have a .ca account and have set up a US$ chequing account in Canada with a Canadian bank.   Setting up for US$ deposits works for me, and I will do future listings on dotCOM in US$. 

What I am wondering about are the current CDN$ listings on .ca that are already live before I register for MP.   Does MP take over payment for those listings as well, so they will get converted from CDN to US$ and deposited; or will the pre-existing $CDN .ca listings still get paid out to Paypal as a transition measure.

[richardcm]

When I was forced into managed payments all my active listings were converted to MP. Even scheduled listings. And drafts were changed also and my saved templates.

I am using eBay Business Policies and I only had one Payment Policy that was changed and thus all active, scheduled, drafts and templates changed all together.

[pjcdn2005]

I'm fairly sure that once you are in MP all of your funds will be deposited into your bank account even if the listing is on another site or listed pre MP.

[recped · Accepted solution]

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@byto253 wrote:

Yes, I understand that.  I have a .ca account and have set up a US$ chequing account in Canada with a Canadian bank.   Setting up for US$ deposits works for me, and I will do future listings on dotCOM in US$. 

What I am wondering about are the current CDN$ listings on .ca that are already live before I register for MP.   Does MP take over payment for those listings as well, so they will get converted from CDN to US$ and deposited; or will the pre-existing $CDN .ca listings still get paid out to Paypal as a transition measure.

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Auction Listings if you have any will continue under PayPal

Fixed Price Listings on .ca will convert to Managed Payments, funds (net of fees) received from sales of those items will be converted to US Dollars at the prevailing rate and included with your payout to your USD bank account.

[byto253]

Thanks everyone, that was very helpful.   And I have to say I am very pleased that eBay has put in the option.  With Paypal it was a problem to access US$ as there is stuff I want to use US$ for that cannot be paid for with Paypal.  

[valuestore]

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@femmefan1946 wrote:

can now choose to use a Canadian bank account in USD (rather than in Canadian dollars).

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Everyones seems to want usd into usd accounts,  but if you choose cad for usd sales is ebay converting it before deposit? confused there whether can use cad account for usd sales or not.

[marnotom!]

Yes, you can sell in USD on eBay.com and have Adyen convert your payouts into Canadian dollars before depositing them into a Canadian dollar bank account.

This was actually the only option available for Canadian sellers listing on .com when Managed Payments was initially rolled out.

[recped]

The best solution to this issue is as follows:

If you sell ONLY on .ca - Open a CAD account at a Canadian bank and select to use CAD in MP

If you sell ONLY on .com - Open A USD account at a Canadian bank and select to use USD in MP

If you want to sell on  both AND avoid currency conversion - Open a USD and a CAD account at a Canadian bank. Use two eBay selling id's one for .com and one for .ca, in MP set one id to USD and the other to CAD.

If you don't have two selling id's start one NOW, it will be subject to limits but list some good sellers and in 90 days you will have passed the thresholds for "new sellers" and you will be able to get a good increase in your limits with the new id and if you communicate with eBay and link the two selling accounts you should be able to get limits raised above the level you will ever need.

If you continue to list using a single id for both .com and .ca there is no way to avoid currency conversion by eBay on both of them, it's choose CAD or USD and pay conversion fees on one or the other.

It's actually quite a similar situation of the the old choice of being billed in CAD or USD, while that was something you could change once per year  the MP setup is fixed forever, whatever account you set up as USD or CAD will remain that way forever (although you can always open yet an other new selling account and get a fresh chance to choose between the two options).

There are other small potential benefits of multiple selling id's but there are also some things that make it more costly so be careful about your choice.

Benifit

[byto253]

If you start a new ID you can also affiliate it to your current account and shorten or bypass the newbie limitations.  For a lot of the long time sellers in this forum I would guess there would be minimal restrictions on the new account.  Of course some feedback would need to be built up.