eBay managed payments - whos clued up?
eBay managed payments - whos clued up?
Author
Discussion

DSLiverpool

Original Poster:

16,526 posts

232 months

Thursday 25th June 2020
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So its live next month after ages trying to work out what it is and why they are doing it.

The country and company checks mean the Chinese UK sellers wont ne able to say they are in the UK - thats a big win.

eBay says its cheaper - Simpler fees
You'll pay one final value fee for items you sell on eBay, and you won't have to worry about third-party payment processing fees. Your final value fees will be automatically deducted from your sales, and the balance of your sales paid out to your bank account. Most sellers can expect to see overall savings.*
  • Savings based on annual total sales volumes, and comparisons of (a) prior eBay final value fees plus typical 3rd party payment provider fees, with (b) new eBay final value fees (without any 3rd party processing fees).
However a lot of things are now restricted - I am still going through that now

Whaddya think?

MrSparks

654 posts

150 months

Thursday 25th June 2020
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Got two accounts to register tomorrow. Fingers crossed it’s quick and easy.

DSLiverpool

Original Poster:

16,526 posts

232 months

Friday 26th June 2020
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I did 2 yesterday, just need a bank doc scanned even a cheque will do so nowhere near as bad as amazon. However this introduces a lot more restrictions on what you can sell, nothing that concerns normal sellers though. You get PayPal fees back on cancelled orders now and hopefully the Chinglish sellers will be weeded out.

Poseidon

228 posts

164 months

Friday 26th June 2020
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Any idea what the processing fees will be?

DSLiverpool

Original Poster:

16,526 posts

232 months

Friday 26th June 2020
quotequote all
Poseidon said:
Any idea what the processing fees will be?
1.5% less than current combined cost but they will grab it back soon.
Look on you tube avoid the usual knobs but a few good videos about it.

Silverage

2,426 posts

160 months

Friday 26th June 2020
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I’d love to see the back of the Chinese sellers on eBay but I doubt it will be this easy. They (the Chinese) will soon find a way around it.

eBay’s intention here is clearly to steal Paypal’s cheese. Given that they make a mess of virtually everything they do, it should be interesting times next month.

Camelot1971

2,856 posts

196 months

Friday 26th June 2020
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Surely Chinese sellers use an off the shelf UK LTD company and as far as Ebay are concerned, they are a UK company? I expect I'm missing something obvious! (I'm not an Ebay seller, just curious!)

DSLiverpool

Original Poster:

16,526 posts

232 months

Friday 26th June 2020
quotequote all
Camelot1971 said:
Surely Chinese sellers use an off the shelf UK LTD company and as far as Ebay are concerned, they are a UK company? I expect I'm missing something obvious! (I'm not an Ebay seller, just curious!)
They need to set up a full Uk bank account with beneficial owner etc, not infallible by a long way but anything to make them jump another hoop.

The Moose

23,683 posts

239 months

Friday 26th June 2020
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DSLiverpool said:
Camelot1971 said:
Surely Chinese sellers use an off the shelf UK LTD company and as far as Ebay are concerned, they are a UK company? I expect I'm missing something obvious! (I'm not an Ebay seller, just curious!)
They need to set up a full Uk bank account with beneficial owner etc, not infallible by a long way but anything to make them jump another hoop.
Starling surely make that easier too? Or is that not sufficient.

About time they bring those rules in - there's too many right now

Camelot1971

2,856 posts

196 months

Friday 26th June 2020
quotequote all
DSLiverpool said:
Camelot1971 said:
Surely Chinese sellers use an off the shelf UK LTD company and as far as Ebay are concerned, they are a UK company? I expect I'm missing something obvious! (I'm not an Ebay seller, just curious!)
They need to set up a full Uk bank account with beneficial owner etc, not infallible by a long way but anything to make them jump another hoop.
Ah, that makes sense. Thanks. I guess they can create sham directors etc but if someone is determined to avoid scrutiny they will find a way around things.

hyphen

26,262 posts

120 months

Friday 26th June 2020
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Quote:

Sellers enrolled in managed payments are not allowed to list the following items:

Adult only items, including movies and video games
Auction services
Bullion
Coins & paper money
Gift cards & coupons
Lodging, timeshares, vacation packages, and car rentals
Memberships for campground and RV parks
Motor vehicles
Smoking cessation products including nicotine patches and gum
Tickets for travel, events, or experiences
Wine


https://www.ebay.com/help/policies/selling-policie...


Silverage

2,426 posts

160 months

Friday 26th June 2020
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Are they saying ultimately no one will be allowed to sell those things on eBay, or that if you do sell them you can dodge the managed payments bullet?

Dogbash

494 posts

209 months

Friday 26th June 2020
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It is not cheaper if you are on PayPal’s lowest rate of 1.4% + 20p per transaction. The uplift in final value fees is 1.9% more than before so 0.5% worse off. Also they are charging 30p per transaction rather than 20p. Smaller sellers may be better off as they will not be on the lowest PayPal rate but large sellers are worse off.

DSLiverpool

Original Poster:

16,526 posts

232 months

Friday 26th June 2020
quotequote all
Dogbash said:
It is not cheaper if you are on PayPal’s lowest rate of 1.4% + 20p per transaction. The uplift in final value fees is 1.9% more than before so 0.5% worse off. Also they are charging 30p per transaction rather than 20p. Smaller sellers may be better off as they will not be on the lowest PayPal rate but large sellers are worse off.
Good point and a strange decision (yet another) by eBay. I think this is the thin end of the wedge for a raft of poorly considered changes as they tinker with the decline.

Dogbash

494 posts

209 months

Friday 26th June 2020
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We will continue using PayPal for as long as possible as it represents a big uplift in fees for us but I expect we will be forced onto managed payments by year end. I suppose they are still cheaper than Amazon though.

I would hope this will help stop the Chinese sellers but I am sure they will find a way around the system. They usually do.

Darkslider

3,084 posts

219 months

Friday 26th June 2020
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As a buyer I find it frustrating when I purchase something that's listed as being in Wolverhampton or similar, 3-5 days delivery time, ordinary looking listing and a UK seller, then after two weeks of wondering where the hell it is it arrives in international packaging from China. If this helps matters I'll be pleased, though a shame if it makes things more difficult for genuine UK sellers.

Phooey

13,855 posts

199 months

Saturday 27th June 2020
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Is eBay generally cheaper to sell on than Amazon? The fees on Amazon are punchy for my product category: 15% + 0.50p Closing Fee. So for example - customer pays £10.00 inc postage, Amazon take £2.00 (total fees). How much would eBay (and Paypal) take off you on a £10.00 sale?

I'm currently paying between £1500 to £2000 per week in Amazon fees alone based on approx 100+ sales/day.

I haven't had time to sit down and work out if it's worth me selling on eBay - mainly because I sell books and Amazon is a better marketplace for them. Also eBay seems a lot more of a faff than Amazon, unless I'm just used to Amazon! If and when I get the time to start the business on eBay I'm thinking of finding and paying someone for their experience to help me set up and learn the basics smile

Si1295

398 posts

171 months

Saturday 27th June 2020
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Phooey said:
Is eBay generally cheaper to sell on than Amazon? The fees on Amazon are punchy for my product category: 15% + 0.50p Closing Fee. So for example - customer pays £10.00 inc postage, Amazon take £2.00 (total fees). How much would eBay (and Paypal) take off you on a £10.00 sale?

I'm currently paying between £1500 to £2000 per week in Amazon fees alone based on approx 100+ sales/day.

I haven't had time to sit down and work out if it's worth me selling on eBay - mainly because I sell books and Amazon is a better marketplace for them. Also eBay seems a lot more of a faff than Amazon, unless I'm just used to Amazon! If and when I get the time to start the business on eBay I'm thinking of finding and paying someone for their experience to help me set up and learn the basics smile
I find this calculator useful: https://www.ebayfeescalculator.com/uk-ebay-calcula...

We pay £30/month for a eBay shop

DSLiverpool

Original Poster:

16,526 posts

232 months

Saturday 27th June 2020
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Cost? Go to feescalc.com it’ll tell you - What I like about eBay is your selling page is yours, I have my “famous” toilet light example I use to prove this advantage. If your page message is verbose and likeable people will buy, a loo light is £4/5 I sold 1700 at £8.99 as a challenge about a year ago. You can charge more if you spend time on your presentation.
Your amazon listings can go in a central database to feed into eBay and your website - once set up it’s probably easier than your doing now. I know a brilliant integrator who can make it all talk together so if you decide you want more platforms then back end Barry is your man.
If anyone wants proof on the toilet lights just ask biggrin in fact I found one in a draw popped it on the mothballed listing and it sold in 2 hours despite many many cheaper listings. I’ve just ordered 100 from China to start it up again.

Phooey

13,855 posts

199 months

Saturday 27th June 2020
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Brill thanks for replies. If I dip my toe into eBay I'll prob give you a call DS, if that's ok? smile

eta - that feescalc site is fantastic - thank you beer





Edited by Phooey on Saturday 27th June 09:46