eBay to Begin Forcing PowerSellers into Managed Payments

by: tango

yup, they are forcing us - we have no choice per Ebay - they are parking OUR money 2-4 days in their account = % interest for Ebay, UNHEARD of in the Payment Process Industry (unless there is a risk on the seller side....aka poor performance-not shipping per promise).  As a 11 year TSR+ - averaging 1Mil p.a. in Revenue at the Ebay site  - they will loose us - Ebay in fact has become too big a risk on the balance sheet! Put that together with the arbitrary charge back fiasco they already created for some Sellers who are participating in this program - its a loose/loose for sellers.  If they loose enough 1 Mil $+  accounts - maybe they are the once who will reconsider...it will take time, but we are not into financing Ebay.  There are plenty of options for good sellers in this marketplace.  Chers!

by: Scotty

I can't wait for this China trade war to kill ebay....

by: Silver Ice King

Ebay evidently cannot reach the 10% of total sales allowance that is called for in their contract with Paypal.  Its pretty bad when a company is thought of so poorly that they cannot even get 10% of Sellers to try their new payment platform.  Of course that might have to do with the fact that Ebay still does not have any way to get the sales reports from their site that will assist in a Sellers preparation of their Sale Tax Returns or Income Tax Returns.

All Ebay cares about is stealing as much money as they can from their Sellers while once again providing an inferior product to the one they currently are using.  They give no consideration as to reporting at all and even worse is they still have not fixed the hole where the only way a Seller can give a Buyer a refund of overcharged Shipping costs (again due to Ebays broken cart that has been talked about for at least 2 years) is for the buyer to file a SNAD against the Seller, once again helping push that Seller closer to the 5% FVF penalty for excessive returns or SNADs.  

Every glitch seems to always be in Ebays favor and never gets enough attention to be universally fixed so Ebay continues to rake in money they really are not entitled to.  They just do not care as they are to big for any of their sellers to sue them.  Eventually they are going to run out of ways to keep stealing their sellers money or they are going to lose all of the decent sellers they have left to other marketplaces.  Its going to be interesting to see how the BOD reacts to all of these repeated acts of theft and fraud and if they are also willing to go down with the Ship!!!!

by: mjr55

@tango

Huh? Amazon holds your money for 14 days between disbursements. What are you even talking about?

Some of you undermine your credibility when you just post stupid, blatantly false statements.

by: The End

I've had to deal with Etsy managed payments since it was invented.
The only time it's a hassle is when I have relisting fees and No Sales.
Doesn't happen often, but when it does.........
eCrater really is The Model, the STANDARD other venues must live up to.
Having a product that sells a good number of itself weekly is key to a no hassle experience with Managed Payments.
But, there should be a way to make life more bearable for those who's products don't "mesh" with managed payments.

by: HappyOne

I do not understand Etsy uses Ayden for their “Etsy Pay”. Etsy has choice of payout timing. Etsy refunds are easy to make for shipping overpayments. They must have used a “canned package”. Ebay must be reinventing the wheel with all these common/expected requirements being talked about or still to come in future. Ebay pushed/required GSP yet it is not in Managed Payments? Etsy converts foreign payments to US$ no problem. What is Ebay’s problem paying Pitney Bowes?

by: tango

mjr55

maybe yours, not mine :)
Website processors do not hold the money either - bang in the account day after payment
Get an education!

by: ebayout

Wenig aimed for his foot and managed to shoot himself in the head.

by: The End

ebayout >
You'd better NOT be kidding......
That would be too good to be true.

by: RL15

@mrj55
you are wrong. on amazon as soon as you confirm a shipment you can transfer your money. you have no credibility at all posting stupid, blatantly false statements.


"Huh? Amazon holds your money for 14 days between disbursements. What are you even talking about?

Some of you undermine your credibility when you just post stupid, blatantly false statements."

by: toolguy

@RL15

Who should I believe? You or Amazon?

https://pay.amazon.com/help/201212160

by: TomH

Amazon payments. Generally, after an initial 14 day hold, funds are available daily. There are still several different payment scenarios in action on Amazon, regardless of what the basic Help information indicates.  I personally am on a two week payout. I was on a weekly but got them to change to a two week period. Some of it depends on when you started selling on Amazon and whether Amz Prime or just seller shipping, or both.

There is no 100% accurate short answer to Amazon seller payment.  

by: thriftyattireandstuff

You know when I google that notification text you quote Ina.. the only search result is yours. Now I'm not saying anything about your reporting, but there are so many doomsdayers out there that love to exaggerate reality.  So I'm not sure where the buzz is but I can't find it anywhere but in this post and also in the other one the other day where the seller said that eBay told them over the phone about September. Same seller? One wonders.

by: Jairib

@thriftyattireandstuff
I have seen it in several places plus a screenshot of the letter they sent to someone yesterday.  Unfortunately it is true.

by: Fan Favis

@tango

Telling someone to "get an education" when you don't know the difference between lose and loose is funny.

by: Grady

Forced managed payments, forced refunds, forced forced........

by: Snapped

''...there should be a way to make life more bearable for those who's products don't ''mesh'' with managed payments.''

It's a recurring theme.  One way San Jose.  And more to slip through the ''mesh'' again.

eBay has never considered legacy or foundation while building their house of cards.  This latest cash flow interception won't either, losing out to another parasitic nerve numbing wrest of their ''seller's'' biz ops control.  

Their visibility manipulation, experienced as unpredictably unseasonable freezes and thaws in sales for independent 'bays' is all about inventory control.  

Search returns are a bleeding ulcerated symptom of that, shrugged off as irresistible to mass eConsumers.  Their 'buy your own bullet' cataloging plan, along with long standing puritanical listing 'tolerances', cold ocean shrinkage of seller identity discrimination (except behind the 'W'iz's curtain of 'protection') - all add up to a venue no longer able to masthead ''bringing buyers and sellers together''.  Rather, buyers, suppliers, and eBay.    

Those unmeshed be naught but noise, forevermore.

by: pace306

The topic here is eBay coercion. "Do it our way OR ELSE"

Hmmmm reminds me of some people in Little Italy/North Jersey. "pay the vig or BAD things will happen to your store"

Silver is right - no one (almost no one) VOLUNTARILY wants "IN" on eBays payments plan - you just have to look at any OTHER eBay idea (1/2 assed, theftastic, 1/2 baked) and understand why sellers are RUNNING away.

Paypal was "bad", this is MUCH worse.

With eBaypay, they now have fully %100 control over your business - like it or not.

THAT is the issue here - one no one seems to be worried about.

(not that it matters, but as an Amazon 20 year seller - I too get funds right after I ship) BUT, it does happen to some sellers - that Amazon puts you on 14 day pay out - I dont know the criteria - so BOTH sides are right.

The point here is that eBay sucks - can we please get back to it :) !

by: toolguy

Hot item on eBay (pun intended)

Rosin Press

by: mjr55

@tango

Guess it’s hard for me to take someone who doesn’t know the difference between loose and lose seriously.....especially when said person is telling me to get an education (I have a JD, pretty sure that’s a bit more education than you have). But I digress.....

I love people who say they do so and so in gross sales on eBay per year and then claim they are leaving over something so trivial. Doing a mil per year means nothing when you profit $15k per year off that million.

98 percent of the sellers on Amazon have 14 day disbursements. Then again, if you are hard up for cash, I can see why you would need your money every day. We aren’t in that category.