Well, the day is upon us... or is it? It's eBay, so of course, one never knows!
Ever since I first signed up for eBay's "mismanaged payments" months ago, the misinformation and lack of information has been unbelievable (yes, even by eBay's standards).
Now I don't even know if I'm in MP or not.
eBay's information (if you can call it that) for MP states that their new fees will take effect today, July 20. It also says that I will not pay the new (higher) eBay fee rate AND PayPal (or other third-party payment processor) fees on the same transaction. In addition, they told me that I would be notified 2 weeks before being opted in to the program, and that I would be opted in in late July.
Today is July 20, and I have not yet been notified about when I will be opted in, and there are not two more weeks left in July to allow the notification and activation. So, if I will be notified two weeks before being opted in, I am not opted in. If the new fees take effect today, and I am not opted in, then I would (presumably) still be paying PayPal fees along with the new higher eBay fees.
I don't know which part of the information is incorrect (maybe all of it is), but something here does not add up!
I was assuming that upon being opted in to MP, there would be a place in Seller Hub that would note my balance, pending transfers, etc., but there is no such area. There is a section marked "Payments," but it is the same information that's been there for months - no place for an actual breakdown of MP transactions.
I was explicitly told that there would be a place to select whether I wanted daily or weekly payouts, but that is nowhere to be found either.
Another odd detail is that my charity listings still show the charity and percentage being donated (I was told that once I was opted in to MP, my listings would automatically be removed from the charity program).
As a result of the new fees, I needed to raise my prices by almost 7%. Of course, I did not raise them on other sites I sell on. Over the past week, I have made more sales off eBay than on eBay, which is almost unheard of. That's the only part I like about this whole thing: the possibility of more sales on other sites where I can offer lower prices and not deal with customer service reps who make things up as they go along.