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Ebay-Managed Payments Will They Need.

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Author Previous TopicReplies: 37 / Views: 2,239Next Topic Page 3 of 3
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Canada
4000 Posts
 Posted 06/11/2021  6:02 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
You MUST USE a Canadian bank that has a US$ account in Canada
You CANNOT USE a USD account based in the US .
Any one in the coin business knows that trying
to buy in the US with a foreign cheque ( even though denominated
in USD drawn on a Canadian bank ) , that don't work to well y'all!
EBay is bleeping brain dead over this .
Why is it that the same managed payment provider ADYEN
can put our Etsy payments into our US account in USD in
Washington State and can't do the same with Ebay ?
EBay right up there in the horrible companies to do business
with !
Edited by Pacificoin
06/11/2021 6:06 pm
Pillar of the Community
Canada
1450 Posts
 Posted 06/11/2021  8:08 pm  Show Profile   Check 47P7's eBay Listings Bookmark this reply Add 47P7 to your friends list Get a Link to this Reply
I am very curious as to WHEN, not if, PayPal will be involved with a similar auction business?
I certainly could think of one....
will probably make a phone call soon to see if there is some possibility. I know the auction groundwork is probably in place.
H
Edited by 47P7
06/11/2021 8:11 pm
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Canada
1256 Posts
 Posted 06/15/2021  3:44 pm  Show Profile   Bookmark this reply Add purelywasted to your friends list Get a Link to this Reply
After a relatively busy weekend, I am happy to say total savings is about 1.0% compared to using using Paypal & ebay together. All payments from weekend processed in time for 1x/week deposit to bank on Tuesday, now just waiting for bank to receive. Had some USA orders which adds 0.4% fee, but thankfully not many added taxes where ebay takes a cut.

Effective cost is 13.36% vs. 14.32

At first I was very skeptical on this, but so far I'm actually saving money, this is after about 12 orders. Maybe at the end of the year I can buy myself an nice shiny penny with the savings :-).

Would love to hear others experience with it, but probably still sucks for those with lots US sales
Pillar of the Community
Canada
1701 Posts
 Posted 06/15/2021  4:01 pm  Show Profile   Bookmark this reply Add Smallcentguy to your friends list Get a Link to this Reply
My only relevant experience is a transitional negative situation. I had to give a refund to someone who originally bought through Paypal. This was not possible on either the eBay or the Paypal platform for some reason and turned into a half-hour long contact eBay hassle.
Edited by Smallcentguy
06/15/2021 4:01 pm
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4000 Posts
 Posted 06/15/2021  5:20 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
The .4 per cent they add for sales to the US
is a beauty !
Foreign transaction fee , what a joke .
The only businesses I loath more than EBay ,
the oil companies !
Pillar of the Community
Canada
647 Posts
 Posted 06/21/2021  10:57 pm  Show Profile   Bookmark this reply Add Alex A to your friends list Get a Link to this Reply
Does Etsy give sellers the option to use PayPal? Or must all sales run through Etsy Payments?
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4000 Posts
 Posted 06/21/2021  11:56 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
All sales go through Etsy payments .
Really smooth, not an issue in 3 Years .
Still waiting for last weeks EBay payment .
What a joke!
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Canada
1450 Posts
 Posted 06/22/2021  10:52 am  Show Profile   Check 47P7's eBay Listings Bookmark this reply Add 47P7 to your friends list Get a Link to this Reply
The longer they can keep anyones money the more they will make on it... just like the banks.
I am also wondering if it is legal for Ebay Canada to charge a fee on US taxes or , on any taxes?
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Canada
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 Posted 06/22/2021  4:38 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
The whole issue is liable to end up in a
Class action suit somewhere down the line .
A perfectly valid question is EBay the BUSINESS collecting
US taxes or the PLATFORM that forces us Ebay sellers
to collect them for the STATE (S) in question.
Every US tax jurisdiction has different rules and exemptions .
Why on earth should we be acting as tax collectors with no benefit
or input .
Sounds a lot like TAXATION WITHOUT REPRESENTATION to me .
Edited by Pacificoin
06/22/2021 4:39 pm
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Canada
1701 Posts
 Posted 06/22/2021  5:11 pm  Show Profile   Bookmark this reply Add Smallcentguy to your friends list Get a Link to this Reply
Um.....I would be pretty sure that the reason eBay went to the considerable trouble of adding the tax collection aspect to the platform is because they need to assist collecting the tax or risk running them and sellers running afoul of tax authorities.

If you are a BC seller of anything on eBay or off and sell to a customer in Ontario, you need to collect and remit Ontario taxes unless you are small enough to be exempt. Pacificoin I suspect that eBay is protecting you as a vendor from the risk that US authorities go after you for selling to US residents without remitting proper US taxes. Why do you think that this is going to end up in class action lawsuit? Who is being inappropriately damaged here? All that has happened is that a loophole that let Canadians (or anyone else) sell into the US without collecting sales taxes has been closed.
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Canada
1256 Posts
 Posted 06/22/2021  5:46 pm  Show Profile   Bookmark this reply Add purelywasted to your friends list Get a Link to this Reply
@smallcentguy - I think Pacific is referring to ebay charging FVF on the tax, eg. at 10% tax, ebay is taking an additional 1.33% fee (+ GST on 1.33%) for collecting the tax, where previously, they would only charge FVF on the value of the item and shipping.

There is no protection for sellers, this is purely an additional cost
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Canada
1256 Posts
 Posted 06/22/2021  5:51 pm  Show Profile   Bookmark this reply Add purelywasted to your friends list Get a Link to this Reply
@Pacific - It may be worth contacting your bank on what the hold up is, I use tangerine and I have been receiving same day transfers (money moved from ebay to bank on Tuesday, both weeks so far).

After 2 weeks, I have been about 40% volume of sales in US, 60% Canada, still saving money, but a little less than before. Now about 0.7% (13.35% vs. 14.04%), so still a savings but "international fee has an impact and previously I did not factor out multi item transaction fee savings. Overall still happy with ease and no issues yet. This is after 52 transactions, so it seems like a big enough number to feel confident about it. Though it has been helped along with some high price point items, which further reduces the overall transaction cost percentage a bit.
Edited by purelywasted
06/22/2021 5:52 pm
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Canada
1701 Posts
 Posted 06/22/2021  6:13 pm  Show Profile   Bookmark this reply Add Smallcentguy to your friends list Get a Link to this Reply
Ebay is charging a transaction fee like everyone else. Visa charges fees on total transactions too I think. It is just a matter of what the user agreement subjects to fees. If you don't like the agreement, you can decline to participate. There is nothing new here. People that develop successful businesses with strong market power push people around. Loblaws charges for shelf space, Google doesn't pay for news, the Canadian banks don'r really compete on price, Microsoft "oversharges" for software (or not?). It is all the same.
Pillar of the Community
Canada
1256 Posts
 Posted 06/22/2021  8:48 pm  Show Profile   Bookmark this reply Add purelywasted to your friends list Get a Link to this Reply
@Smallcentguy - Ebay is not doing it like everyone else, Heritage, Stacks, Canadian Numismatic Company, etc... do not charge tax, then a buyers premium. I could be wrong on this, as I have not sold with them, but I highly doubt their % of sale price is taken after they add the buyer's premium (they take a cut off bid and charge a BP). Yes Visa charges on total transaction value, but theirs is only a few percentage points, like Paypal was, it is not 12.35%.

The infuriating part is ebay's "logic" for doing it...



If enough people push back, they may change their policy as the rational that it is "simpler" does not hold water. It is a complex algorithm with all the tax laws, but ebay chooses which field they reference (before tax or after tax).

It will be interesting if people start to add a "ebay tax surcharge/premium" to their invoices. Depending on your margins, a 15% tax jurisdiction and ebay taking 12.35%, could significantly cut your profit margins.
Edited by purelywasted
06/22/2021 9:12 pm
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Canada
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 Posted 06/22/2021  9:16 pm  Show Profile   Bookmark this reply Add Smallcentguy to your friends list Get a Link to this Reply
The buyer's premium is usually pretax. It is also usually a lot more than the eBay fee. Just a different deal. I would rather pay lower percentage fees in the aggregate than a higher fee on the pretax.
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