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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/.
When eBay starts deducting fees from payments how will sellers capture sales and order data including fees? Will eBay have reporting comparable to the PayPal transactions report ready for the launch of the new pricing structure? The eBay Orders report did not start reporting eBay paid sales tax until almost four months after sales tax collection started. It was another full year before sales tax amounts on multi-item (combined) orders was correctly displayed in Seller Hub and reported in the Orders report. Also, the Orders report is available for only the most recent 90 days, unlike PayPal which goes back seven years. How will sellers prepare their sales and income tax returns?
Thats the biggest question I’ve had since the beginning, paypal makes it great for my taxes, splits everything up BUT I’ve yet heard if ebay has or will set up for sellers. Not everyone is computer savy, if I have to set up a excel program to separate fees, postage, taxes, refunds, is gonna cost me a few hundred dollars for a book keeper set it up or copy it and pay my tax guy hundred to do it. To some it’s easy but to me it isn’t plus I have to find, buy, inventory, clean and/or repair items, list and pack orders, my PLATE is already full
What cfrphoto said …
I’ve been an eBay member for nearly 20 years. I am an active but small seller and have received NO information from eBay regarding managed payments.
Will Ebay have a “Success Penalty Fee” of 12 – 15% attached to the FVF like Etsy ?
I have been trying to sign up for a week now. All I get is an error that something is wrong but when I call ebay they can’t figure out what the issue is. All the information is correct from and my bank account has been set
up for years as a business account. If I miss the deadline and they can’t figure it out then that’s the end for me.
I have over 10k items for sale which will be gone from the platform.
They stated it others were having the same issue and they will look into it. I have no confidence in their system and will not furnish further personal information. Most of my information is business related and hopefully that’s all they need from me.
Thank you Ina and David for all the years of dedication to this blog.
I did begin the registration process – have not heard back as to confirmation. Somewhere along the line of registering, etc. I noted that sales tax will be included in the bottom line that will be used to charge the new 12% fee – when did this happen?
Signing up is an issue for many of us, with ambiguous error and confirmation messages. Apparently you won’t really know whether your signed up until they either enable your account or lock you out.
This puts sellers in an awful position of not knowing what’s going to happen, and it certainly does not instill any confidence this new system won’t have more problems than we already know about. Not what one wants for his business and bank account.
Ebay has also begun blocking new listings in advance of the July 15 deadline that they keep mentioning. More than a week in advance in my case. So far they have not killed any active listings that are rolling over to a new 30-day cycle, but I have been unable to add any new listings for a week now, whether through eBay’s listing page or through my website’s API uploads. It is frustrating enough to not have a hard date that MP will kick in once you’ve registered, but they’re not even sticking to their own deadline for the threatened “business disruptions.”
The thing is, it’s a deadline they set. If that’s not the date they need everyone signed up, then why not set the arbitrary sign-up deadline earlier? Or if they can’t handle a deluge of eleventh-hour adopters, why not stagger the opt-in deadlines for users? How can that possibly be good for customer relations to threaten your sellers if they don’t meet the deadline, and then go ahead and start jerking them around before the deadline has even arrived? The inconsistency and constantly-shifting playing field only erode the confidence of those who are resigned to play along (even if they would prefer to maintain the current status quo). I’m sure there are plenty though who are not in a hurry to play along with someone who not only sets unfair terms, but don’t even abide by the terms they have set. Why would I hurry up and sign up for the promise of a $50 statement credit some time in the future, when they are causing much more than $50 of damage to my business IN ADVANCE OF the July 15 deadline for the “business disruptions” they threatened?
To confirm whether or not you have successfully signed up. GO to your SELLER HUB. Click on Payments and it will tell you right there whether you are all signed up or not.
Hey, where my fiddy dollah at?
Idk, I have done what they asked. I gave them a bank document for verification. It still says I need to update bank info. So….IDK. If they stop my listing abilities, I guess i will just list on Amazon, and reverb only for now. What else can I do. This whole thing was made way too complicated, just like everything else ebay does. A 2 step process is turned into a 15 step one, more places for wrong turns and dead ends. they just dont learn. Have they ever hear the saying “keep it simple stupid”?
Of course since it was not verified I guess I wont get my $150 credit. Seems like something ebay would do!
I’m “enrolled” in MP, but not yet activated, so I’m not paying a fee on taxes.
So…currently, on $1,000 gross sales, not including taxes, fees on shipping, or that silly 30 cent fee, my selling fees are $129.
In MP, in my category, my total fees are $115, a “savings” of $14.
But wait…now we’re into a “Raiders of the Lost Ark” scenario and the flipside of the headpiece.
We have to DEDUCT the additional fee on taxes. Assuming an average 8% tax rate, taxes are $80.
$80 x .115% is $9.20.
So…I’m gonna save a whooping $4.80 on $1,000 sales…48 cents per $100.
I can’t contain my glee.
Biggest concern I have, as a small business is the Paypal working capitol which is the best loan system in the world, relies on your yearly turn over to determine how much you are eligible to borrow, now with managed payment, how will I show PayPal my sales which will not turn up on my PayPal account.