w~~_7.JPG "pjcdn2005"){kind=avatar}
@femmefan1946 wrote:
But when sellers are no longer able to use PP as a source for buying Shippo labels (and by extension, PP labels) because we only have MP accounts ?
I use my PP account for many things other than eBay, including some newspaper subscriptions. And those purchases are financed with eBay sales.
tyler@ebay Want to wade in here?
Hi @femmefan1946 - I'll sure try! Disclaimers first:
As someone who is not an expert on managed payments I may not be able to address your question in its entirety. If you have been notified to register for managed payments you are able to request a call back from a payments-trained teammate by accessing any of the Help Pages related to payments and using the 'Have us call you' feature at the bottom of the page.
The information provided is accurate as of today's date (12 August 2020) but may become outdated in the future. If you are reading this at a later date please consider checking the Help Pages or request a call back from a managed payments teammate who can provide the most up to date information.
Payouts occur to your bank account only, which means that you would be unable to directly fund a PP account with your sales. However, you could transfer that money to a PP account and use it to save up for that Torchwood DVD set or postage via Shippo or Snap Ship.
@pjcdn2005 is correct that the plan is to eventually offer a label solution on eBay that lets you utilize pending funds directly for label costs. At this point in time, however, there is no update on when that will be available, meaning you'd be looking at using an alternate payment method with Shippo while you waited for funds to payout to your bank account.
@femmefan1946 wrote:
The transfer of funds from Managed Payments to banks seems to be happening again.
I have been told that Paypal was able to transfer funds immediately because they had enough float to front transfers, with the known exception of e-cheques drawn on bank accounts.
Will Ayden/MP be doing this in future when they have more users signed up? (I realize this is well above your pay grade.)
The fallout from this is that sellers are unsure whether they will be paid at all (like "pending" payments in PP) and are therefore reluctant to ship.
Which has fallout for the seller (eBay wants us to ship as soon as possible even if it is not possible) and for eBay since this could lead to a reputation for slow deliveries (while AZ continues to publicize overnight delivery).
Full disclosure: I was invited to join MP last August but am holding out due to different bank issues.
Hi @femmefan1946! You're right that most things related to managed payments are above my paygrade, so I can't give you a lot of definitive answers.
I can say that I've heard no plans for managed payments to 'float' money similar to the PayPal experience.
Thanks!
@pjcdn2005 wrote:
@femmefan1946 wrote:
The transfer of funds from Managed Payments to banks seems to be happening again.
I have been told that Paypal was able to transfer funds immediately because they had enough float to front transfers, with the known exception of e-cheques drawn on bank accounts.
Will Ayden/MP be doing this in future when they have more users signed up? (I realize this is well above your pay grade.)
The fallout from this is that sellers are unsure whether they will be paid at all (like "pending" payments in PP) and are therefore reluctant to ship.
Which has fallout for the seller (eBay wants us to ship as soon as possible even if it is not possible) and for eBay since this could lead to a reputation for slow deliveries (while AZ continues to publicize overnight delivery).
Full disclosure: I was invited to join MP last August but am holding out due to different bank issues.
I believe that when a payment says that it is 'processing' that is ebay saying that the buyer's payment has cleared and the seller is ok to ship as they WILL receive their money.
But just in case I've gotten my terms mixed up @recped can confirm or correct me since he already is in MP
Pretty much accurate......
When a sale is made and the buyer pays the sale will show up in Payments with "processing" as the Status.
In about 12 to 24 hours the status will change to "completed" and the funds become available for your next payout.
I'm on weekly payouts, all sales up to Sunday are included, Some payments from Monday sales may be included as the time spent in "processing" varies and I'm not exactly sure what the cutoff time is to be included.
eBay says to ship when the payment is still in "processing" so I ship.
If I was to walk into a retail store and use my credit card, it would be "processing" until the merchant does their day end closing but they still let me walk away with my purchase, they don't tell me to come back tomorrow after processing is completed.
If you look at your own credit card statement online just after making a purchase you will find entries that show as "pending", changing to an actual charge the next day after the merchant has done a close out. The actions in MP are pretty much the same.
