Ebay Coin No More? Sales To Be Discontinued? - Page 2

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Author	Replies: 23 / Views: 7,417	Page: of 2

John K Valued Member United States 419 Posts	Posted 06/22/2020 09:14 am I called ebay Saturday. I was told they will NOT allow coins if you are using Managed Payments. And all USA sellers must convert to Managed Payments by the end of 2020. If those news stories are correct, then ebay needs to update their web pages concerning the new payment method. Here is the current website link: https://www.ebay.com/help/policies/...licy?id=5009 and another one: https://secureir.ebaystatic.com/cr/...tersize2.pdf If you can figure out all these new rules, you are smarter than me. My prediction is major problems when the new system goes into effect - even if they allow coins. Edited by John K 06/22/2020 09:15 am Report this Post to the Staff
Coinsteel Valued Member United States 57 Posts	Posted 06/22/2020 11:14 am The restricted list for managed payments sellers is pretty long. It's gonna cost ebay a lot of fees if they follow thru with it. Report this Post to the Staff
Pacificoin Pillar of the Community Canada 5404 Posts	Posted 06/22/2020 3:55 pm ebay is NOT STOPPING COIN SALES. Read the Coin World article June 5 2020 easily found with a google search . The official statement said, " ebay will continue to allow sales of coins, paper money and bullion now and in The future" Quote from the Coin World article concerning this subject . ebay is not stopping coin sales . To state otherwise is just not correct. There is the distinct possibility that ebay coin and bullion sellers will never be in the Managed Payment system . Anyways for now until the end of 2021, I am sure not going to get my knickers in a knot over it ! Too busy selling ! Edited by Pacificoin 06/22/2020 4:01 pm Report this Post to the Staff
VGRX Valued Member United States 161 Posts	Posted 07/25/2020 4:25 pm So in a nutshell.... ebay will not end coin sales HOWEVER Sellers being forced into managed payments won't be able to sell them. AND All sellers will be forced into managed payments by year end. Report this Post to the Staff
silverwolf Pillar of the Community Canada 3733 Posts	Posted 07/25/2020 4:33 pm Quote: Sellers being forced into managed payments won't be able to sell them. AND All sellers will be forced into managed payments by year end. Not true.., if you sell only coins or bullion, you won't be pulled into managed payments, until Managed Payments is ready for coins and bullion sales.. Report this Post to the Staff
Pacificoin Pillar of the Community Canada 5404 Posts	Posted 07/25/2020 4:33 pm " ebay will continue to allow sales of coins, paper money and bullion now and in the future. ebay sellers that frequently list in coins, paper money and bullion will not be required to register for managed payments until these categories are compatible. Until then, there is no action required and sellers can continue to sell on ebay as they do today." -- Steve Halupka, ebay Rare Coin, Paper Money & Bullion Category Manager. Should sum it up nicely! Edited by Pacificoin 07/25/2020 4:34 pm Report this Post to the Staff
John K Valued Member United States 419 Posts	Posted 08/02/2020 07:38 am Aug. 2 - Sold my first coin on ebay since they implemented Managed Payments. There was no difference from previous sales. Buyer ordered it and payed me through Pay Pal just like always. I just bought some coins on ebay and again Nothing different from the buyer's end. Edited by John K 08/02/2020 12:09 pm Report this Post to the Staff
BStrauss3 Pillar of the Community United States 4594 Posts	Posted 08/02/2020 6:26 pm For those who haven't followed the saga... ebay spun off PayPal a couple years ago (2015 - https://fortune.com/2015/06/26/ebay...-split-date/) it was the classic spin off of lower margin businesses to make the stock more attractive. The deal included some period of continuing to be ebay's prefered payment system. But ever since the spin, ebay has wanted to reduced the amount of fees they pay (directly or indirectly) to PayPal. ebay has some kind of deal with Adyen (big in Europe and looking to expand) https://www.cnbc.com/2018/02/01/why...petitor.html If your payment is through Adyen, then the Adyen Terms and Conditions apply https://www.adyen.com/legal/list-re...d-prohibited Adyen reportedly prohibits coin sales (although I'm no longer seeing them in the above T&C), so ebay sellers processing payments through Adyen supposedly can't sell coins. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
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