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Don Heiden on InstagramDon Heiden on Youtube
Don Heiden
Don Heiden
Don Heiden is a 30-year veteran of online reselling going back to the days of Yahoo Auctions. He runs The Auction Professor YouTube channel posting videos and content about various reselling platforms and topics, and he is a member of the eBay, Amazon, Hip, and other affiliate programs where he may earn a commission when linking to products on those sites. He can also be found on most social networks under the same name, including Instagram. He is also a published professional artist which includes works produced for The Walt Disney Company. He holds an Associate Degree in Database Design, Construction, and Network Administration. He also holds a Bachelor Degree and Master Degree of Research & Communications from The University of Toledo.

7 thoughts on “eBay Managed Payments… So Far So Good?”

  1. That is actually the biggest problem with MP, having to go to 3 places to get all you financial needs, not to mention you have to know how to use spread sheets, none of the 3 reports down loaded match nor did any of them match my 1099 for 2020. This is one of the MOST important part of business, accounting for all expense’s and god forbid I ever get audited, just gonna hang over my ID and sign in and let the IRS try and figure it out.
    Ebay’s MP support is nonexistent, if you can get a call back its from someone not related to MP and might be lucky and they can transfer you to MP.
    Cost is more then Paypal, if you lucky to find a free excel program, if not you have to pay $10-$30 extra a month for one, 14 yrs selling and never needed excel.
    Ebay charges fees on taxes(so does Paypal, 2.9%) its about 8% fee on the tax part. Doesn’t sound like much but it totals around $300-$400 tax collected per month by ebay runs me in $24-$32 in fees extra each month.

  2. Additional final value fees
    You may be charged final value fees if you violate our policy of buying or selling outside of eBay, or we may apply additional final value fees if you are not meeting our performance expectations.

    This statement which was taken verbatim from Selling Fees for Managed Payments (aka Mangled Payments) should be the biggest red flag for everybody selling on there site. This statement says that Ebay can apply additional Final Value Fees to your account if you are not meeting EBAYS PERFORMANCE EXPECTATIONS !!!! So the way I read this and am sure anybody with any common sense would feel the same way, is that Ebay can charge any Seller Extra Fees if they feel you should be doing better than you are selling on their glitch filled platform. This gives them the authorization to decide at any time to charge any and all sellers additional fees because Ebay feels they should be doing better. Are they crazy up there?? This is every seller now agreeing to allow Ebay to decide how much they should be making on each Sellers account, which can also be used to deter Sellers from listing on any other platform other than Ebay.

    This has to be considered illegal in many ways which is why Ebay decided to add it under their policies so that Ebay can use the defense that the Seller agreed to it so what is the problem. This is worse than anything I ever read about how the Mafia ran their business because they are basically saying that you agree to pay whatever amount of fees they want at any given time. Can anyone imagine the fallout from this if Ebay is having an off month once compared to the sales during the Pandemic? Iannone and his hand picked executives had to be sitting in Walkers having put a few down when they came up with this new way to steal from their customers (sorry I should refer to us as Noise like they do). This is another area where the DOJ needs to look at because it is outright theft from its Sellers.

    And to think we thought things were bad under Wenig !!!!!! This may have been another one of his ideas and may have been in place prior to his leaving the company, but Iannone should have taken that clause out immediately and has evidently chosen to be nothing but a thief just like Wenig was, because their is no other name for what this allows Ebay to do at any given time. So if and when Ebay shorts you money from you payments, you really have no grounds to complain now as they have the right to charge you whatever they want to. I was considering trying Mangled Payments when the time comes for me to be “INVITED” to join, but between not offering Micropayment accounts and this nicely hidden policy just put a screeching halt to any such future considerations.

    Where comments are usually Buyer Beware when it comes to making a purchase, now it is Seller Beware of just how deep Ebay decides to reach into your pockets.

  3. “My business is saving a considerable amount over what I used to pay when PayPal processed my payments. And not just from the final value fees I pay,”

    I would like to hear more! Don’s the first MP seller that I’ve seen yet that has made a statement like the one he made in this article and which I have quoted above.

    I would really know how he’s doing it. Unless Don has gotten into the business of selling Air Jordans for $10k a pair and is paying no FVFs whatsoever or has an overwhelming majority of his buyer’s who are sales tax exempt then I have a hard time believing him when he says that Managed Payments has saved him a “considerable amount” in FVFs.

    The newly added store listings allotments for MP sellers can save them thousands of dollars, this is true. But those additional perks are fairly new, and unfortunately do not work for every seller as they are only good in certain categories. So not every seller is going to be able to take advantage of those savings.

    “My business is saving a considerable amount…….”

    1. I’d be happy to explain. When PayPal handled eBay’s payments we were paying $295 for annual Anchor Store subscriptions, which included 10,000 free listings. We have roughly 28,000 listings in just one of our stores. Under PayPal payments we we required to pay eBay .05¢ extra for any listing over the free 10,000 quantity. So for many years we have been paying that .05¢ on roughly 18,000 listings each and every month. That comes to $900 per month in extra fees, which has been costing us $10,800 extra per year in listing fees while we were under PayPal Payment processing.

      Under eBay’s Managed Payments we no longer have to pay that amount so we instantly saved $10,800 the first year alone. We have also been able to save an addition roughly $240 per month by lowering our store level, since eBay has included far more ZIFs (zero insertion fee listings) across all store levels. They have also increased the amount of listings in any category in addition to just those in specific categories. This saves us an additional $2880 in store subscriptions from what we used to pay under PayPal payment processing.

      Lastly with eBay’s new FVF (Final Value Fee) structure we also save. On average our fees have been running roughly on average .02% less then under PayPal processing, which also saves us hundreds of dollars a month in fees. Overall when that’s all added up it’s over $15,000 a year we are not having to paying any more.

      So yes we are saving a considerable amount under eBay’s Managed Payments. I though never stated at all that anyone would or wouldn’t save money under Managed Payments. This was just my personal experience so far under Managed Payments.

  4. tsme35 says:
    Cost is more then Paypal, if you lucky to find a free excel program, if not you have to pay $10-$30 extra a month for one, 14 yrs selling and never needed excel.
    ^^
    There’s a free program called “Open Office” you can download and it comes with a spreadsheet program. Other than that you can get Google Drive with a spreadsheet; or Windows 10/11 with a free spreadsheet.

  5. So the way I read this and am sure anybody with any common sense would feel the same way, is that Ebay can charge any Seller Extra Fees if they feel you should be doing better than you are selling on their glitch filled platform. This gives them the authorization to decide at any time to charge any and all sellers additional fees because Ebay feels they should be doing better. Are they crazy up there??
    ^^
    This is why I’m in auctions ONLY and gave up the store 2 years ago. Too many arbitrary fees. Plus, I do most of my sales on other non-EB platforms. EB is my “last resort” platform.

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