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EBay managed payment

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Comments

  • jon81uk
    jon81uk Posts: 3,904 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I get that it isn’t a cheque, but my concern is if the payment can be reclaimed by a fraudulent buyer before it has been passed to my Bank. This wasn’t a problem with the PayPal system where it was available for withdrawal immediately.
    I have looked on the help for sellers section on eBay for guidance on this but it still refers to PayPal and doesn’t seem to have been updated to reflect the changes.


    As Soolin has said, withdrawing money from PayPal didn't protect you from a case being opened on eBay and them claiming money back from you.
  • rgk1953
    rgk1953 Posts: 11 Forumite
    Fourth Anniversary 10 Posts
    Thanks for the replies, I guess using PayPal gave a false reassurance that money was safely in your bank because of the immediate payment system, when it could be reclaimed anyway through the same channels as now.
    I know I’m not the only one to question this as can be seen on other forums where sellers are talking of increasing their delivery time to make sure “the money is in” !
  • I think some people are over thinking aspects of the new system and not understanding it properly, which I am seeing across many forums. 
  • jon81uk
    jon81uk Posts: 3,904 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Overall the fees aren't increasing, just instead of paying 10% to eBay and 30p plus 2.8% to PayPal, you now pay the full amount (12.8% plus 30p) to eBay, the cost of selling won't really change.
    There are several other threads all about managed payments on here too.
  • soolin
    soolin Posts: 74,431 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    ChangFai said:
    I have merged your post with the main thread about managed payments .
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • ChangFai
    ChangFai Posts: 38 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    soolin said:
    I have merged your post with the main thread about managed payments .
    Thanks, I guess I was just late in getting the email then?
    Thanks @jon81uk I was forgetting all about the 2.8% to paypal.
  • ChangFai
    ChangFai Posts: 38 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    MarkN88 said:
    I think some people are over thinking aspects of the new system and not understanding it properly, which I am seeing across many forums. 
    I can't understand what role paypal plays at all now?
  • soolin
    soolin Posts: 74,431 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    ChangFai said:
    MarkN88 said:
    I think some people are over thinking aspects of the new system and not understanding it properly, which I am seeing across many forums. 
    I can't understand what role paypal plays at all now?
    From a sellers point of view it no longer matters at all as once on managed payments EBay handle all the payments. 
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • Spoonie_Turtle
    Spoonie_Turtle Posts: 10,590 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    ChangFai said:
    MarkN88 said:
    I think some people are over thinking aspects of the new system and not understanding it properly, which I am seeing across many forums. 
    I can't understand what role paypal plays at all now?
    Buyers can still use it :)
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