Need to update my details on ebay and provide bank details

girlchops

steviebabes said:

I have just had the 'payments are changing email' for one of my lesser used accounts. If you scroll down to near the bottom it does say my name and ebay name so not a spoof. I logged into the account and there was a banner about checking/updating my details. I did this then it went on to add a bank accounts, it also askes for your date of birth. I filled in the relevant information and it was immediately accepted and an email sent saying you have now set up a direct debit. This was followed shortly by another email saying you're all set to sell.
The whole process took les than five minutes and I used the same bank account as another ebay account that moved over a couple of months ago.
I'm hoping this account will now get a £1 FVF offer this weekend. The last offer on this account was 5th March. It looks like the rollout has now started at a pace.

Hi Steviebabes,
I got this 'update your payemnts' msg in eBay this evening and email earlier today but haven't ahd a chance to update yet. I was the one asking on the other managed payments thread whether the move to new selling hub was precursor to this, well in my case it seems it was!! 

Thank you all for answering the queries with this. For me personally it's a lot of change at once so i'll probably be picking your collective brains in the near future. 

hubb

Rantband said:

 "Wonder what the response from their "specialist Team" will be!"

Bye

If you don't agree with a companies t&cs you will not be able to use that outlet, good luck in finding an alternative

I know a great alternative. It’s called Facebook Marketplace and it’s free! Oh, and people cone to your door and give you cash, and its much more successful for sales than Ebay.

vacheron

hubb said:

Rantband said:

 "Wonder what the response from their "specialist Team" will be!"

Bye

If you don't agree with a companies t&cs you will not be able to use that outlet, good luck in finding an alternative

I know a great alternative. It’s called Facebook Marketplace and it’s free! Oh, and people cone to your door and give you cash, and its much more successful for sales than eBay.

Facebook marketplace certainly has its uses but its not a universal solution for all. 

If you want to shift a sofa, fridge, leftover building materials, or a bunch of old bulky stuff pronto it's great. But if you are like me and sell smaller sized more bespoke stuff and aren't bothered about holding on to it for months or possibly years if necessary until a buyer comes along, eBay is still far superior.

For example, the last things I sold on eBay (yesterday) was a used third wheel and pallet fork for a vintage Certina KF.260 pocket watch movement which is approximately 80 years old,  Both these parts were bought by the same buyer, weigh far less than a gram, are about the size of a lentil and are only of use to a watchmaker or serious hobbyist who happens to have a watch with that specific movement to repair and the skills to do so, and for which he gladly paid me over £40 +shipping (to Luxembourg).

Now, what are the chances that someone right on my doorstep just happens to be in need of those, and thinks to go on marketplace to look for them?   

To be honest, in my example above, eBay could charge FVF's of 60-80%, and I'd still be better off selling through them! (just lets not tell eBay that)!      

tronator

I got the email today. Has nobody noticed that they increased the "final value fee" from 10% to 12.8% + £0.30? In their marketing speech they write There are no more PayPal payment processing fees. But in the smaller print they state the new fees. So Ebay is taking the cut from each transaction instead of Paypal. Nice little extra earner. Ok, it's slightly cheaper than Paypal, but still...

messia07

is anyone else having problems accessing there selling section on ebay?  i know they were going to limit accounts if you didn't switch over but the deadline for me to update my details was the end next month?

vacheron

tronator said:

I got the email today. Has nobody noticed that they increased the "final value fee" from 10% to 12.8% + £0.30? In their marketing speech they write There are no more PayPal payment processing fees. But in the smaller print they state the new fees. So Ebay is taking the cut from each transaction instead of Paypal. Nice little extra earner. Ok, it's slightly cheaper than Paypal, but still...

Yes. I think almost everybody did when it was first announced. The only part I don't like is the magnanimous "we're doing this to make things easier for you" tone of the communications. The reailty is " someone else was making 3% instead of us, and we want that too"!  

Chrishazle

Spoonie_Turtle said:

How do you use PayPal currently?  (Genuine question.)

They have my credit card details only, not my bank account, and I use Paypal for suppliers other than eBay without problems - touch wood I don't think I've ever had a problem with Paypal, and like eBay I've probably had my account with them since 2002.

jon81uk

tronator said:

I got the email today. Has nobody noticed that they increased the "final value fee" from 10% to 12.8% + £0.30? In their marketing speech they write There are no more PayPal payment processing fees. But in the smaller print they state the new fees. So Ebay is taking the cut from each transaction instead of Paypal. Nice little extra earner. Ok, it's slightly cheaper than Paypal, but still...

vacheron said:

tronator said:

I got the email today. Has nobody noticed that they increased the "final value fee" from 10% to 12.8% + £0.30? In their marketing speech they write There are no more PayPal payment processing fees. But in the smaller print they state the new fees. So Ebay is taking the cut from each transaction instead of Paypal. Nice little extra earner. Ok, it's slightly cheaper than Paypal, but still...

Yes. I think almost everybody did when it was first announced. The only part I don't like is the magnanimous "we're doing this to make things easier for you" tone of the communications. The reailty is " someone else was making 3% instead of us, and we want that too"!  

A reasonable chunk of that 2.8% will be going to Visa/Mastercard/Amex though.

Chrishazle

This change will be a major benefit to Ebay in one way. ATM their income from listing/seller fees comes in one big lump at the end of the month. With the new system they will get payments daily so their cash flow will be much better for them. Think of getting your salary monthly on PAYE and having to budget monthly - then multiply that by a few million!

For me, it's time to find a new selling platform. I might look at Facebook Marketplace (although ATM I'm not on any "soshul medja" platforms and do not wish to partake of that minefield).