New eBay payment process.

[Toddlerteaplease]

Instead of going through PayPal and getting the money instantly. It goes direct into your back account. But takes two working days for them to send the payment. And another 4 days to actually land in there. AIBU to hate this. Sold an item on Thursday and still have no money! Arghh so annoying.

I prefer it as with PayPal you used to get a seperate bill for fees

It’s terrible. I have a small business in an area thats suffered hugely over the last year. We were moved to managed payments last autumn - on the few sales we’re making, ebay now take 14% of customer payments - including the postage charge, plus I pay £30/month shop subscription fee.

I sold an item for £40 plus £3.85 postage. They are only paying me back £37. Not happy.

I HATE it - I used to let PayPal money build up in my PayPal account and use it for a large purchase - now it just dribbles into my bank account and I don't really see any tangible benefit

Hate it too.
The only good thing is that it takes off their fee so there is no invoice and there are no PayPal fees. But I feel like I have no control over what is, in effect, my money. I have to wait for ebay to make the payment but in the meantime I have to send the item that I don't yet have the money for.

On my £15.95 including postage items, I receive £13.71 - ebay take £2.24 plus due to low sales (pandemic) the monthly fee was taking an extra 90p per item. Then postage went up too, so the customer was paying £15.95, I was receiving £11.40 from which I then had to buy materials (which have gone up) and produce the item - ebay made more money than I did.

I’ve had to add postage onto my ebay items and I’m trying to divert customers to my website where we just pay ebay fees on top of an annual website charge - customers can buy the same product as the same price without paying postage on top but I actually come out with more money .

I’m trying to divert customers to my website where we just pay ebay fees on top of an annual website charge - customers can buy the same product as the same price without paying postage on top but I actually come out with more money

I'm doing the same - business card in with every sale pointing them to my website - where they can buy the same items cheaper.

Managed payments is just the latest ebay scheme to take more control away from you as a business.