The ebay business seller news released today has the long expected announcement about managed payments (the new system that has already started rolling out in the US)
This is a very long cut and paste from the email:
will start managing payments on the marketplace in the UK in 2020. This
means we'll be managing the payments experience end-to-end for buyers
on the platform. As a seller, your sales transaction funds will be paid
directly to your bank account and no longer into your PayPal account.
The majority of UK business sellers will be expected to enable their account for managed payments by the end of this year.
Sellers have been central to creating this new experience. We’ve been
partnering closely with sellers in the US and Germany, where the
experience is already live, to share our vision on how eBay will manage
payments. We’ve taken extra efforts to listen to sellers’ feedback,
concerns and ideas. We’ve already learned a lot and made enhancements to
the process to make sure you will have a good experience.
We also understand that this is a change in the way you manage your
business with us. We’ll be partnering with you to make sure this
transition is as smooth as possible and that your business continues to
thrive on eBay.
With eBay managing payments, we can simplify the end-to-end payment experience for buyers and sellers.
One place for everything
- you’ll have one place to access all reports and to manage disputes
and refunds. You’ll have a single company to contact for customer
support and fees. Plus you’ll get payouts directly deposited into your
bank account as well as payout scheduling options.|
More ways for buyers to pay
- we plan to provide buyers with a larger selection of payment options,
such as credit card, debit card, Google Pay, and PayPal. We’ll also be
offering Apple Pay as a payment option on iPhone and iPad. This will all
be done through eBay without you needing separate accounts to accept
these payment methods.|
Most sellers can expect to see savings compared to their current payments processing fees.|
eBay continues to evolve as a modern marketplace, with the
transformation of payments as the next step in that evolution. More
details will be announced over the next couple of months as we
get ready to start gradually enabling business seller accounts, but in
the meantime, you can express your interest to be one of the first
sellers to be enabled for managed payments.|
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