EBay managed payment

ChangFai

Spoonie_Turtle said:

Buyers can still use it

So how do they make money now?

soolin

ChangFai said:

Spoonie_Turtle said:

Buyers can still use it

So how do they make money now?

PayPal is pretty integrated in sites other than EBay , I doubt they will go broke any time soon. 

Spoonie_Turtle

ChangFai said:

Spoonie_Turtle said:

Buyers can still use it

So how do they make money now?

soolin said:

ChangFai said:

Spoonie_Turtle said:

Buyers can still use it

So how do they make money now?

PayPal is pretty integrated in sites other than EBay , I doubt they will go broke any time soon. 

Yep, that's how.  I use it to buy most things online - it used to be that only sometimes retailers accepted it, now the majority (or at least, for the things I buy) do.  I like to use it because of the Returns on Us, but clearly enough other people use it for whatever reason for it to be an ubiquitous option!

soolin

Spoonie_Turtle said:

ChangFai said:

Spoonie_Turtle said:

Buyers can still use it

So how do they make money now?

soolin said:

ChangFai said:

Spoonie_Turtle said:

Buyers can still use it

So how do they make money now?

PayPal is pretty integrated in sites other than EBay , I doubt they will go broke any time soon. 

Yep, that's how.  I use it to buy most things online - it used to be that only sometimes retailers accepted it, now the majority (or at least, for the things I buy) do.  I like to use it because of the Returns on Us, but clearly enough other people use it for whatever reason for it to be an ubiquitous option!

I agree, I sell on marketplace now and PayPal is the simplest way for me and my buyers to trade. It’s fast it’s convenient it is safe for my buyers and I think it gives my buyers confidence that I’m not a scammer. I also use it when I buy things from marketplace , I wouldn’t know what else to use - it’s rare for any seller to be able to take credit cards direct and when I buy I certainly wouldn’t use a bank transfer.

jon81uk

ChangFai said:

Spoonie_Turtle said:

Buyers can still use it

So how do they make money now?

PayPal would charge eBay fees. Same as Visa and MasterCard do when you pay with them.

bagpussofsussex

I feel like I'm paying more now - i'm a business seller, with most of my items being in the £9-£25 range. At the moment ebay are taking about 14% off the top, plus I have my shop subscription along with any other promo fees etc that are billed monthly. It's hard to run any decent figures as sales have been very much down due to covid, but I'm porting my stock over to a wix website and ramping up my social media promotion

martindow

bagpussofsussex said:

I feel like I'm paying more now - i'm a business seller, with most of my items being in the £9-£25 range. At the moment ebay are taking about 14% off the top, plus I have my shop subscription along with any other promo fees etc that are billed monthly. It's hard to run any decent figures as sales have been very much down due to covid, but I'm porting my stock over to a wix website and ramping up my social media promotion

It's nice feeling that you are in control, but you will still have expenses for accepting payments (Paypal I assume) and there are hosting costs as well. 

The real issue is people finding you on the web.  Companies spend millions advertising, marketing and doing SEO to improve natural listings on google.  Many small web sites have to pay for adverts to try to appear near the top of pages.  This can be expensive and time consuming.

Paying 14% to Ebay for huge exposure might not seem so expensive ...

MR1988

Am I correct in thinking that you get paid more with 'Max £1 eBay Selling Fees' promotion while on Managed Payments compared to PayPal?

Becuz with PayPal you still have to pay the PayPal fees + 1£ eBay fee while on Managed Payments it should be only £1 in fees. Unless I'm missing something..

jon81uk

MR1988 said:

Am I correct in thinking that you get paid more with 'Max £1 eBay Selling Fees' promotion while on Managed Payments compared to PayPal?

Becuz with PayPal you still have to pay the PayPal fees + 1£ eBay fee while on Managed Payments it should be only £1 in fees. Unless I'm missing something..

I think those on managed payments get a slightly different offer where they pay the equivalent of the old fees, so the 10% is capped at £1 but the 2.8% plus 30p is still added.

allison445

jon81uk said:

MR1988 said:

Am I correct in thinking that you get paid more with 'Max £1 eBay Selling Fees' promotion while on Managed Payments compared to PayPal?

Becuz with PayPal you still have to pay the PayPal fees + 1£ eBay fee while on Managed Payments it should be only £1 in fees. Unless I'm missing something..

I think those on managed payments get a slightly different offer where they pay the equivalent of the old fees, so the 10% is capped at £1 but the 2.8% plus 30p is still added.

On managed payments with this offer you pay £1 there are no extra fees