EBay abandoning PayPal? Interesting.

[snowisfallingallaroundus]

Ebay separating themselves from PayPal and making payments direct now.

Quite a change for them as they were so pro PayPal before.

Wonder if it's excessive charges?

I used to work in payments within a major bank. I'd imagine their alternative will not only cut out the PayPal fees they currently but also to allow them to earn their own transaction fees (paid by eg card issuers/banks).

Yes I've just had the same email and also thought it interesting! 🤔

Dh sells a lot on eBay and their contract with PayPal has ended or something like that so they’d have to pay more to PayPal if renewed. He’s now getting charged more with eBay’s own payment system.

@yoshiblue

I used to work in payments within a major bank. I'd imagine their alternative will not only cut out the PayPal fees they currently but also to allow them to earn their own transaction fees (paid by eg card issuers/banks).

Yes, thought there would be an element of that.

I quite liked that you could raise and track complaints in PayPal so will be interesting how that is managed going forward

From a business perspective it makes sense tbh. Bring everything in-house and charge users more fees.

my ebay has moved to managed payments it works out at about 13.4% plus 30p before it was 10% ( plus Vat so in reality 12% but they kept that quiet) and paypal was 2.9% plus 30p not really a lot of difference