Because most would not choose this option without being forced. I'll get rid of my inventory before then.I suppose another solution other than quitting would be to establish a new account in a new bank and just keep a pidly amount of money in it.Either way, I'm going to be a listing fool for the next couple years to get rid of my stuff, will probably net more money in the next two years then I would have in 5 years if I'd kept my normal pace. Adyen is a global payments company that processes payments for some of the world’s leading online services. Ebay is already annoying with all there rules for sellers, putting buyers above sellers. I have the same worries as you do.
Just skipping around it. I am sure eBay has.This is an awful decision by the big wigs at Ebay. Ayn Rand said it best in “Atlas Shrugged” – we are at the mercy of those in power and control. I’ve already decided to quit selling on eBay, if I don’t feel protected as a buyer, I’ll end my 19 year relationship with eBay completely.PayPal has worked seamlessly for me in the almost 20 year of being an eBay Seller as well as an eBay Buyer.
The article stated that the program will be implemented within a year of the 2020 termination of ebay's current contract with paypal, and that the actual drop dead date when all sellers will have to enter the program will be announced sometime within the next 29 months.What is Adyen?
One thing I am most concerned with and doesn’t seem to be mentioned here is the increased fees. If not Paypal how will this new company handle non payers, returns which are out of control.Both eBay and PayPal have treated me fairly and communicated well. PayPal has been an amazing business partner for a long time.Thanks for sharing your thoughts Robert! eBay is constantly innovating and changing to compete with other major online retailers.
BUYERS will still be able to use PayPal as a payment method but all sellers will recieve their payments via Adyen -> eBay -> Seller. Now, we’re told that eBay’s new solution for online payments will require 2-4 days for access to our earnings… whereas currently we have real-time access to PayPal funds… 24/7. But if ebay's payment processing is going to require ebay to have direct access to my bank account, then forget it.
For years all of my fees, returns, the works, is deducted from my paypal account. I'm just glad they're giving us a few years before forced implementation. Meet other eBay community members who share your passions.Give support, share information, and connect with fellow members.While reading some of the links that were posted in the discussion thread, I came across talk of a new payment processing program called Adyen. Bottom line… this just puts eBay at the front of the line to get paid… instead of paying our bills at the end of the month as we’ve been doing for the past quarter-century.
Here's a link to how much they charge Etsy sellers for payment processing: I wouldn't be surprised if eBay's arrangement will be similar.livadia, thanks for that link. With managed payments I do not see this as an option and why I have decided that I will withdraw as a seller and no longer list on ebay. Bit like Private Sellers with so many free listings suddenly finding those numbers reduced.
My name is David Riddle, I’ve been self-employed and business owner as an inventor, designer, manufacturer and marketer of technical hardware for more than 48-years! I’m sure this is profit driven for eBay and I would really hate to lose PayPal. Yet just in case one case is opened, they deem holding £95,000 to be justified.It wouldn’t hold up in a court in the land we bothered to challenge it and they know it – there are no examples they can give to justify the behaviour.
I do 30,000 dollars a year with ebay which is not much, but when you have business dropping like that because of stupid ebay business decisions it adds up.Etsy use the same Adyen system as ebay is moving to.Hello Gemma, Thank you for this nice article.
If I understand this correctly, I am going to be shelling out even more money to eBay with managed payments than I was before. I like supporting companies that have supported me.
We enable eBay to process payments from buyers and sellers.
I don't remember why they required the credit card number, since the paypal fees are deducted from the paypal payments, then again ebay owned paypal at the time, and maybe the credit card number was to ensure ebay could access the seller's credit card if needed to pay the monthly fees. I guess my idea would be to keep PayPal and offer Adyen as an option.
Since sellers already pay huge fees to sell on ebay they should be able to sell anything they want,.
they started them again in 2019 and treated us like we sell sweets.