Ebay Wants To Change Payment Options

It's all about ebay deciding that transaction fees should go into their own over-filled pocket instead of Paypal. I assume buyers will now pay ebay instead of Paypal and ebay will transfer the money into your account (minus their fees and exchange rate surcharge). Am sure ebay will soon abolish Paypal as a preferred payment method. You need to ensure ebay has your bank details, not just the buyers.

Kind of ironic that ebay made Paypal a compulsory payment option when they were getting the transaction fees. Now that ebay doesn't own Paypal and misses out on the transaction fees they are keen to get rid of it as a payment option.

Isn't PayPal part of ebay?
John1

Not anymore.

I dont like the idea of ebay having total access to my bank account.
Any problems then you have to call them up.
If you actually get to speak to a real person then it will be someone with a very heavy accent with poor english language skills who doesn't give a stuff.

Yes ebay is, again, on their pick pocket's quest which could be to do with their guarantee of a refund when there's any disputes about payments not being received by sellers, or item(s) not being as described.

When I started selling on ebay in November 2004, the FVF was only 5.25% on a sale up to $75 and then plus only 2.75% for any sale over $75. So when I sold anythng for eg. $100 my FVF was 5.25% up to the $75 then 2.75% on the $25 balance. No 10% ebay fee on my posatge charge either.

ebay and humanity both lived in mutual harmony

Listing for sellers then were; 30c for auction items starting at 99c, 50c up to $19.99 and 75c for items up to $75, and $1.50 for auction items over $75.

I'm glad to say that over the last 10 years or so, whenever I bought something and was happy with it, the seller generally put their email or PO box/ home address on ther back of the parcel sent.

I was able to contact the sellers directly via email or by sending my email address to the seller's return address,thus bypassing ebay's listing, FVF and Paypal fees and got a better deal which benefited both the seller and myself.

Who wants to be robbed by having to pay 10.9 % FVF and then 2.6 % + 30c in Paypal fees plus ebay's listing fees ?

And. of course, let's not forget ebay's 10% on any postage charged by the seller.

Doubt it. ebay is just too big in terms of buyers and sellers. I think Trademe started around the same time as ebay so it wasn't competing with the behemoth that ebay is today. There were several sites in Australia including Oztion that tried to compete with ebay but the number of members was too small compared to ebay so that both buyers and sellers were put off. I remember looking for some items on both sites. 10+ available on ebay, zero or only a few on Oztion and the cheaper price was on ebay. Gave up using Oztion. Similarly, ebay's forage into China was a flop because of China's existing e-commerce platform was already too big for ebay to effectively compete against. Shame though.
I would however like to see some sort of listing fee re-introduced. Would stop the "rare 1988 $2" scammers and those who list items at 100x market value and repeat the ad for eternity. Would clean up the junk littering the searches.

I used ebay for the first time in ages - set up the bank details - sold an item and they took 13.4%. Finished with ebay after that