eBay will begin intermediating payments on its Mar

Gary123456790

Can anyone figure out what on earth this from ebay actually means?

eBay is happy to announce plans to further improve the customer experience by intermediating payments on our Marketplace platform. In doing so, eBay will manage the payments flow, simplifying the end-to-end experience for both buyers and sellers. We have signed an agreement with Adyen, a leading global payments processor, to become our primary payments processing partner. PayPal, a long-time eBay partner, will be a payments option at checkout for eBay buyers.

You do not need to take any action at this time. The transition to full payments intermediation will be a multi-year journey.

Over the past three years, eBay has transformed its business to drive the best choice, most relevance and most powerful selling platform. Building out our payments capabilities is the next step in that strategy.

Payments intermediation will bring significant benefits for eBay sellers. You can expect a simplified pricing structure, more predictable access to funds, and most sellers can expect their costs of payments processing to be reduced. We’re also working on ways to provide sellers a central place to track and manage their business, which can soon include payments information.

By offering buyers more choice in how they pay and expanding payment options into more geographies, eBay believes sellers will be able to reach more buyers and improve conversion.

The transition to full payments intermediation will be a multi-year journey. eBay will begin intermediation on a small scale in North America starting in the second half of 2018, expanding in 2019 under the terms of the Operating Agreement with PayPal. In 2021, we expect to have transitioned a majority of Marketplace customers to the new payments experience.

Again, you do not need to take any action at this time. As eBay gets closer to the initial phase of its intermediation efforts, we will share more details about this process and next steps for sellers. In the meantime, please read the eBay Inc announcement for further information. For any immediate questions or to share feedback, please email paymentsinfouk@ebay.com.

We’re looking forward to what’s next, and to getting there with you.

As always, thank you for selling on eBay.

Kris Beyens,
VP & COO eBay EMEA

theonlywayisup

"a multi-year journey" it's going to take an age and never get finalised....

goodfella66

It sounds like Ebay are going to have their own payment set-up and Paypal will be a secondary option.

Considering they owned Paypal, I don't understand why they siphoned that away as a separate company and will now start trying to implement this. It sounds like unneeded work and will no doubt end up being bug-ridden.

Meddling for meddlings sake and will no doubt end up costing us sellers more money (no matter what they say in the email).

ballisticbrian

It sounds like they're coming to the end of their agreement with PayPal and so they're going to set up a new side-kick.

Dox

If you Google using Adyen, you get some more intelligible interpretations e.g. https://www.cnbc.com/2018/01/31/ebay-in-split-from-paypal-will-start-using-adyen.html

zerog

I don't get it, how many ways can there be to buy something online?

You either enter a card number or pay directly from your bank account (many EU countries have this).

ballisticbrian

I don't get it, how many ways can there be to buy something online?

Businesses are in the business of making money, not necessarily making sense or any benefit to you. I personally switched my business account to PayPal and don't run any finance separate to it, as a way of keeping things ultra simple, so it will leave me stuffed.

Moogles44

I’m quite gutted by this. PayPal are so good to deal with if any problems and I always go to them first if I can as so simple and pleasant to deal with. Ebay are not so great when problems arise so going to be doubly as bad for me.

I like the way it says it may save SOME sellers money switching... so in other words Business sellers probably will come out worse again - we never get offers or back up.

soolin

there may be some good news in this in that if payments go through eBay then the buyer only gets one bite of the cherry if they have a dispute. No more trying eBay and if that fails going to PayPal.

mrcol1000

I use Paypal in place of a business account. Transferring profits directly to my own bank account and using PayPal account to pay for business purchases. I wonder how many other people use it the same way.

Also I hope this new payment service will be instant. Rather than transferring your money once a week or so. That could cause cash flow problems.

RFW

Moogles44 wrote: »

I’m quite gutted by this. PayPal are so good to deal with if any problems and I always go to them first if I can as so simple and pleasant to deal with. Ebay are not so great when problems arise so going to be doubly as bad for me.

I like the way it says it may save SOME sellers money switching... so in other words Business sellers probably will come out worse again - we never get offers or back up.

As far as I can tell they haven't got any plans to ditch Paypal, just use them less.

That said, given that Adyen seems to be less than half the cost of Paypal and with similar security it's likely to get rid of Paypal even if it's still available.

The general idea seems to be to simplify the checkout process, although I suspect they could quite easily get Paypal to do the same job as Adyen.

The contract with Paypal is not up yet so it remains to be seen what will exactly play out. Ebay aren't renowned for successful forward planning.