PayPal is updating its User Agreement, effective July 31, 2020, which we wrote about on June 19th on the AuctionBytes Blog (“PayPal Makes Major Changes Impacting Sellers“). We called out a new provision that makes items purchased for resale exempt Read more
With 3 weeks to go before eBay implements its Managed Payments mandate on what appears to be a majority of US sellers, the company published an announcement about its progress – though it still has not published details about its Read more
Online payment service Square responded to reports about a practice in which it is putting holds on some seller funds. CNN published a story on Tuesday reporting, “Square has begun withholding as much as 30% of the money it collects Read more
Dirty, germy cash is out, touch-free QR codes are in. You don’t have to touch “dirty” money when selling in-person thanks to a new feature from PayPal. Whether you’re selling through Facebook Marketplace, at farmers markets, or through classifieds sites, Read more
Etsy took over payment processing on behalf of sellers and is now expanding that to more countries, it announced on Thursday. The announcement covers transactions in Turkey, Malaysia, and Mexico to start, with more countries to follow. Etsy had entered Read more
Now you can use Square without the need for an online store. The online payments service announced Square Online Checkout on Thursday, which lets sellers create a link or button so they can accept payments without having to build an Read more
eBay will institute a new fee structure on July 20, 2020 in which it will merge payment processing fees into final value (commission) fees. The new fees apply to sellers enrolled in Managed Payments, who were notified on Thursday. It’s Read more
Online marketplace Bonanza now offers Stripe payments to all sellers, it announced on Monday. “We are very excited to be able to finally activate this option as it took us a bit more time than we anticipated,” according to Bonanza’s Read more
eBay announced today it’s expanding Managed Payments to Australia and Canada, the 4th and 5th countries where eBay will manage payments. eBay has already begun managing payments for a percentage of sellers in the US, Germany and UK. eBay explained Read more
PayPal can now issue small-business loans through the government’s SBA PPP program. These are Small Business Administration loans that help businesses keep their workforce employed during the coronavirus (COVID-19) crisis. SBA PPP stands for Small Business Administration Paycheck Protection Program Read more
