eBay

kawartha-ephemera · ‎02-09-2019

Which of the international marketplaces will win this honour?

My vote goes to the UK folks.

https://www.ecommercebytes.com/C/blog/blog.pl

recped · ‎02-09-2019

Hopefully Canada has the pleasure although I'd prefer to wait until PayPal is an option for buyers.

"What else could I do? I had no trade so I became a peddler" - Lazarus Greenberg 1915
- answering Trolls is voluntary, my policy is not to participate.

lotzofuniquegoodies · ‎02-09-2019

Thanks for sharing. Greatly appreciated. The comments are most interesting, if not entirely scary!! If any were positive, I missed them. Not looking forward to the final unveiling of Ayden in any way, shape or form!!!

-Lotz

recped · ‎02-09-2019

Why does it seem like nobody wants to save money?

At the moment (anything can change) it appears that in Managed Payments not only is the percentage rate lower, there is no 30 cent transaction fee and no cross border fees. Since I sell a lot of modest price Items and lots of overseas I'm going to cut my payment processing costs dramatically.

In the short term the lack of PayPal for buyers to use is a problem but I predict that in a couple of years many will say "PayPal? What is that? Why would I open a PayPal account when I can just pay the same way I do everywhere else."

I've shopped at plenty of online sites and except for a few tiny little operations that only accept PayPal I don't think I've ever used PayPal even when it's offered as an option.

"What else could I do? I had no trade so I became a peddler" - Lazarus Greenberg 1915
- answering Trolls is voluntary, my policy is not to participate.

mcrlmn · ‎02-09-2019

https://www.ecommercebytes.com/C/blog/blog.pl?/comments/2019/2/1549640584.html#1549666122

kawartha-ephemera · ‎02-09-2019

@lotzofuniquegoodies wrote:
Thanks for sharing. Greatly appreciated. The comments are most interesting, if not entirely scary!! If any were positive, I missed them. Not looking forward to the final unveiling of Ayden in any way, shape or form!!!

-Lotz

There are rarely any positive comments made on that blog, in fact there are rarely any positive stories posted there. The writer's goal seems to be to stir up as much controversy as possible.

Despite all of the above there is an occasional post that alerts one to meaningful happenings. On this occasion she seems to be reporting on an analyst interview (I assume) with the CEO. not something I would typically pay attention to.

kawartha-ephemera · ‎02-09-2019

@recped wrote:
Why does it seem like nobody wants to save money?

At the moment (anything can change) it appears that in Managed Payments not only is the percentage rate lower, there is no 30 cent transaction fee and no cross border fees. Since I sell a lot of modest price Items and lots of overseas I'm going to cut my payment processing costs dramatically.

Good point, I for one love to save money, do it every time I get a chance!

The no transaction fee feature is a nice carrot to encourage seller uptake. As for the cross border fees that would be nice too. Knowing ebay though I would not expect the "savings" to last too long.

Under managed payments I will most definitely miss the ability to hold multiple currencies and convert them (or not) at a time and place of my own choosing. Sometimes I even spend those USD online to purchase items priced in USD.

mrdutch1001 · ‎02-09-2019

Have no trust left for anything eBay says or does so doubt there will be any savings in the long run. The only way I see for me to save money is by doing exactly what I am doing...and that is putting all 1500 of my items on other venues that accept PayPal. I will continue to list on eBay until such time as these other venues bring me regular sales and/or until such time as eBay forces sellers to accept Managed Payments or else..... eBay will not be managing my money.

As for making any purchases on line, I do use PayPal everywhere I can.

lotzofuniquegoodies · ‎02-09-2019

It's difficult to try to remain optimistic regarding these impending "feature rollouts". Announcements rarely have anything your average seller would call improvements and usually, on a whole we end up with features that cause more problems than they solve. On the other side usually, these announcements seem to always include features that we've depended on being mysteriously removed. When an important tool breaks down, the time period to get them fixed seems to never be quick and rarely includes any reasonable compensation. In the past several years when new features have gotten added, I really don't recall any that have caused my fees to go in a downward direction so I really can't see this switch to Ayden being much different.

-Lotz

esclyons · ‎02-09-2019

my take on this from reading, is once it is unrolled, ebay, will collect all our paypal payments, into their paypal pool account, then they will disburse funds from there.

So as far as i am concerned if an item is bought and paid for , then the funds should be in my hands within minutes.. as it is now with Paypal..

If the new payment system varies, and ebay says we have your funds.. you can ship now, and we will pay you at a later date , then i have a real issue with this..

It is like a post dated check, wait until it clears to send an item,, so why should it be any different if ebay says i have your funds, so ship your item,, that would be not straight forward enough for me to feel confident to ship an item, if i didn't have the funds in my hand..

Long story short, why should we ship anything , unless we have the money in our pocket, that has always been ebays conditions.. so why would it be any different now, other than the fact that they expect to make up to to 2,000,000.. i can't count the zeros, sorry it is either millions or billions

mcrlmn · ‎02-09-2019

2,000,000,000

recped · ‎02-09-2019

Yes eBay stand to make up to 2 Billion once fully implemented.

Right now most of that 2 Billion is going into PayPal's pocket (probably more because the fees are higher).

I want as much as possible in MY pocket, who specifically gets the rest I could care less about although the more money eBay makes the more money they have to fix the things that need fixing.

FYI - For sellers currently in the US Managed Payments system funds are disbursed daily to your bank account, I understand the transfers take 24 - 48 hours to show up.

"What else could I do? I had no trade so I became a peddler" - Lazarus Greenberg 1915
- answering Trolls is voluntary, my policy is not to participate.

kawartha-ephemera · ‎02-09-2019

@esclyons wrote:
my take on this from reading, is once it is unrolled, ebay, will collect all our paypal payments, into their paypal pool account, then they will disburse funds from there.

So as far as i am concerned if an item is bought and paid for , then the funds should be in my hands within minutes.. as it is now with Paypal..

If the new payment system varies, and ebay says we have your funds.. you can ship now, and we will pay you at a later date , then i have a real issue this.

I'm expecting it to work similar to how the artsy payment system works.

Day 0 - receive order confirmation(s)

Day 1 - ship order(s)

Day 2 - receive confirmation funds are on their way to bank account.

Day 3, 4 or 5 funds are actually received in bank account.

This has been my limited experience with payment frequency set to daily with them. I've read some documentation stating Canadian banks may not transfer funds less than $25 on a daily basis. Maybe this is causing a delay in some cases I don't know.

ypdc_dennis · ‎02-10-2019

@kawartha-ephemera wrote:
... I've read some documentation stating Canadian banks may not transfer funds less than $25 on a daily basis. Maybe this is causing a delay in some cases I don't know.

I did some searching and I do not see a such a limit for direct deposit.

PayPal does have a minimum limit of $15 for a deposit to a linked Canadian bank.

https://www.paypal.com/ca/smarthelp/article/how-do-i-withdraw-funds-from-my-paypal-account-faq921

Some Canadian financial institutions do have minimum limits for e-transfers when you send money from your account. This limit varies, some institutions are as low as 1 cent (RBC, CIBC), some are higher ($10, Manulife Bank). Fees per transaction may apply. Most do have upper limits (since they want to avoid the extra effort of reporting the e-transfer transaction to the Canada Revenue Agency).

Canadian government view of banks in general:

https://www.canada.ca/en/financial-consumer-agency/services/banking.html

-..-

imbuzzy · ‎02-10-2019

@kawartha-ephemera wrote:
Under managed payments I will most definitely miss the ability to hold multiple currencies and convert them (or not) at a time and place of my own choosing. Sometimes I even spend those USD online to purchase items priced in USD.

Exactly!

How much flexibility will there be?

Will I be able to have my $US go to my US bank account and my $CDN to my Canadian bank account?

Or will they force all payments into $CDN and nail me on a conversion fee, and then nail me again on another conversion fee when I need to purchase supplies in $US?

mcrlmn · ‎02-10-2019

If the U.S. bank account is in the U.S. there shouldn't be a problem.

U.S. law restricts international transfer of USD.

Apples and oranges.

imbuzzy · ‎02-10-2019

You're missing my point.
It has nothing to do about the understood laws.
My questions deal with flexibility with the new managed payments system.
I sell in both currencies. Right now my $US earnings remain in US dollars and are deposited in a US bank and my $CDN earnings remain in Canadian funds and are deposited in a Canadian bank.
Will it remain like that or will my earnings be sent only to one account, thus inflicting a currency exchange fee on many of my sales?
I have always been capable of doing this with Paypal,, so I'm wondering if the new system will allow such a (legal) arrangement.
Kind of like apples in one basket and oranges in another...

momcqueen · ‎02-10-2019

I could personally care less which millionaires profit more from managed payments (ebay vs PayPal) as long as there's absolutely no delay in ME getting paid by buyers.

kawartha-ephemera · ‎02-10-2019

I will be shocked if the International version of managed payments allows balances to be held in more than one currency per account as PayPal does. Perhaps those with multiple ebay accounts could choose USD for one and CAD for another.