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Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.
Well an Ebay seller just lost a 125.00 purchase from us. NO PAYPAL NO BUYIE. Went to Amazon where we didn’t have a problem.
But that is not Sellers fault. He has an Ebay gun against his head.
No Paypal option in Amazon……
And on that announcement their stock hit’s the lowest of the year. Hahaha. Even Wall Street understands that eBay can’t manage money.
I predict that before this month is over there will be a fleacebay glitch and all that are stuck in this mp will see there bank accounts drained.
I read the press release expounding on the benefits of the new Managed Payments “experience” and can’t see any substantial advantages over the current process, except that eBay makes more money and gains additional control over everything I do as a Seller.
So let me understand this – eBay presently accepts PayPal from 100% of its Sellers, yet is unable to integrate PayPal into Managed Payments at this point in time. Are you kidding me? Shouldn’t PayPal be the first payment method integrated into the new system? Just like everything eBay touches, they seem to make it a point to do it ass-backward and inflict as much pain as possible on their Sellers.
I don’t buy eBay’s BS that the new Managed Payments “experience” will result in lower costs for most Sellers. Just exactly what does that mean? I think I know – they will temporarily charge a fraction less than what PayPal charges in fees to make up for the sheer chaos they cause Sellers. The moment they fully integrate Managed Payments into their system for all Sellers, they will issue a Spring or Fall Seller update which announces a fee increase (that ends up being well above the PayPal rate).
Also, why in the world do I want eBay managing my money? I would have more confidence in giving my 7 year-old niece access to my bank account than I would eBay.
Why would I want payments going directly to my bank account instead of PayPal? I don’t want to co-mingle funds so now I need to go out and open a new bank account just for eBay.
I had everything I needed with PayPal and now eBay is forcing another unwanted program down my throat and I AM NOT AN HAPPY CAMPER!
MARK MY WORDS: THE ROLLOUT OF MANAGED PAYMENTS BY EBAY WILL BE AN UNMITIGATED DISASTER!
P.S. – Am I correct in my interpretation that eBay (under Managed Payments) will be holding the S/H portion of payments for 2-4 days (or more) before depositing the funds into the Sellers account? If this is true, then countless Sellers (like me) who were forced to accept 1 day handling time (to maintain their Top Rated Seller status) are now going to be required to ship prior to receiving 100% of the buyers payment??????? I hope this is nothing more than a bad joke?
It’s amazing that for years eBay has stressed that the only “safe” way to pay was through PayPal. Now, not so much I guess. I agree that integrating PayPal into MP should have been a priority before the Beta version was unveiled.
@Timbo – I was reading a thread on the eBay discussion boards regarding MP, and it does appear that, at least initially, eBay expects the sellers in the Beta test to ship their purchased items before they ever see a penny of their money. An individual who appeared to have knowledge of the program said that it is likely (or words to that effect) that this would change in the future, but for now at least, you ship and then get paid a few days later. I know this is going to make many sellers extremely unhappy.