|Mon Mar 12 2018 17:26:41|
What Payments Will Look Like on eBay
By: Ina Steiner
Paying for items on eBay will soon be more like Amazon than the traditional eBay model: instead of paying sellers, buyers will pay eBay, and then it will disburse the funds to sellers.
During a webinar to answer seller questions last week, eBay executives provided a preview of what that will look like in a series of three slides, which we've mashed together:
eBay noted there would be a streamlined buyer experience with an increased choice in payment options that would be "locally relevant" and "mobile-optimized." The new experience will roll out to a very small number of users beginning this year, and will be implemented fully by 2021.
In the screenshots, eBay showed the transaction flow for a memory foam mattress pad for a bed. The "buyer" chose to use Apple Pay to pay with their Visa credit card - note that Apple Pay isn't a payment method - it's a digital wallet that stores a person's payment methods such as debit and credit cards.
On the sample screenshot, it shows the checkout screen with a total amount next to the words "PAY EBAY." The final screenshot showed a "thank you" page showing the order details along with a "Continue shopping" button.