New Message about Payments on my selling page overview

[bentley65]

Hi

I was just doing some listings and noticed there is a post on my Overview - update your details - payments on e-bay have changed. When I click it it takes me to a spot to enter new information for that managed payments thing. I am a small seller without a store. It said I had to do this so my selling would not be interrupted. 

If I ignore this will my account be suspended? I am finally starting to make a few sales here lately. I have taken the advice of the senior sellers and am using my sponsored listings and being careful with my titles.  I list or relist a few things daily.

 I guess I will eventually enter my information for this. I am wondering if it works better than PayPal or are other sellers having issues with it? 

Will it cost more to use Managed Payments? I sell low value items and any more expenses are really lowering my profits. 

Thanks for any information. I did read what the link on managed payments said.

I had trouble understanding though so my only take on it was it is supposed to lower some sellers expenses and give buyers more ways to pay.  Also the e-bay fees are taken out of the buyers payment so no more monthly e-bay bill? Am I understanding this correctly? Any potential drawbacks for a non store seller? Are there long waits for the money deposits?

Thanks again.

Sherie

[laptopsrenewed]

There bypassing PayPal and paying directly to your bank. Of course the final value fee goes from 10% to 12.35% and those fees come off immediately no more monthly invoices. I wonder how disputes will be handled and how much time it takes to get paid. 

[pjcdn2005]

Yes the final value fee changes but there is no 2.9% Paypal fee.