eBay payments change

[jayums]

I don't know how the changes are rolling out (I gather private sellers had this earlier?) but I now gave the option for eBay funds go straight into my bank rather than PayPal

Apparently it takes longer for funds to clear , and cost the same or less than using PayPal (not convinced!)

Any thoughts on whether it's best to stick with PP or just used eBay ?

 

[theforceuk]

Not sure you wil have the option to use paypal soon and the charges will certainly be higher than the direct payment.

This link is helpfull.

https://www.moneysavingexpert.com/news/2020/11/ebay-axes-paypal-sellers-bank-accounts-upping-fees/

 

[TheJabbaWookie]

eBay will take 12.8% + 30p instead of the previous 10%. On the plus side there will be no PayPal fees which were previously 2.9% + 30p.

I think it works out well if you wait for the max £1 selling fee. Then you are actually going away with any PayPal costs and only get charged £1 max for selling the item whatever the final value

 

[jayums]

Yep that makes sense . Sounds like it's well worth waiting for the £1 fee offers.

 

[theforceuk]

Definitely, think they will be on this weekend haven't been offered for 4 weeks.

 

[TheJabbaWookie]

I got an offer the weekend before last

 

[Mini99]

I got an offer the weekend before last

I seem to be getting them every other week at the moment...i wonder if it's linked to how much you list?

 

[theforceuk]

I thought it was just a blanket offer, didn't realise it was done individually. I was getting them offered every two weeks until 4 weeks ago.

 

[Mini99]

I thought it was just a blanket offer, didn't realise it was done individually. I was getting them offered every two weeks until 4 weeks ago.

I'm not sure...I seem to be getting the offer every other week at present.
I am selling a fair bit, maybe it's because I'm looking for the email with the offer more than previously?

 

[theforceuk]

I thought it was just a blanket offer, didn't realise it was done individually. I was getting them offered every two weeks until 4 weeks ago.

I'm not sure...I seem to be getting the offer every other week at present.
I am selling a fair bit, maybe it's because I'm looking for the email with the offer more than previously?

You've got me thinking now, lol I'm sure max £1 selling fee hasn't been offered to me for 4 weeks. I'm also thinking it's advertised before I sign in some times. I did think it was every 2 weeks though.

 

[TheJabbaWookie]

Just got another offer today

 

[Mini99]

Just got another offer today

And me....

 

[jayums]

Same over this weekend.

 

[palitoyjunky]

Totally unimpressed by this new sustem :!: I had to wait 4 -5 days to actually b paid ie to see the funds in my account :!: They bloody well took their fees double pronto though :!: I actually contacted eBay and their response was they cannot take the risks PayPal took but they r working on improving things. :roll:

 

[theforceuk]

Just got another offer today

And me....

Yeah same here, happy days. Lol

 

[jedi_masters]

Been using the new eBay payment system for a couple of weeks now.

Overall I do find it easier than having to make sure ive kept the money aside to pay my monthly ebay invoice.

Couple of downsides.

For alot of my sales I have been slightly worse off than if I was paid the old way. Its only pennies so not gonna cry over it. Like it has been said above, if you can make use of the max £1 selling fee offer then its great. I sold a lego set for £120 using the offer so £130 with postage, paid £1. Great.

The payment can be very slow to get into your bank. Especially if you sell an item on a Friday, I haven't been getting the payment until Tueaday or Wednesday. This is rubbish considering as soon as your paid ebay expect you to post the item but you haven't received the postage yet.

Overall, I think the system is better and easier, I just hope they don't up the % over time.

 

[Grant_C]

Great to see you post [mention]jedi_masters[/mention] chris

 

[jayums]

Overall, I think the system is better and easier, I just hope they don't up the % over time.

Indeed! Although with the competition maybe PayPal might lower their fees . Fingers crossed!

 

[jedi_masters]

Great to see you post @jedi_masters chris

Thanks Grant, it's been a while I know. Gonna make an effort this year to get back involved with the community. Collecting is still out the window but miss the friendships.

 

[Mini99]

Hi Chris [mention]jedi_masters[/mention]
Good to see your avatar again after so long.

 

[jedi_masters]

Hi Chris @jedi_masters
Good to see your avatar again after so long.

Thanks mate, been a very long time. Glad to be back, lots to catch up on.

 

[_Lee_]

I just got an email from the arseholes. This seems to be a load of bollocks.

Goodbye Ebay, after 21 years im out!

 

[theforceuk]

I really don't have a problem with it, MAX £1 selling fees are even better value now. The money is guaranteed as soon as the buyer pays, before you could have your money put on hold if their was a problem. I'm happy with it.

 

[lejackal]

I really don't have a problem with it, MAX £1 selling fees are even better value now. The money is guaranteed as soon as the buyer pays, before you could have your money put on hold if their was a problem. I'm happy with it.

Yep, just list on £1 days, get a payout either daily or weekly and don't worry about it. Yeah, not getting an instant payout is a bit of a pain if you want quick cash but there's plenty of other selling options for that

 

[theforceuk]

And their we have have the end of Max £1 selling fees! Just can't help themselves can they. Still 80% off isn't bad.

 

[Palifan]

And their we have have the end of Max £1 selling fees! Just can't help themselves can they. Still 80% off isn't bad.

I noticed that, they get your bank details and then they take away the main reason for listing on eBay. You are right that 80% off isn't too bad but I haven't worked out the math of higher priced items yet to see what that really means.

Oh well!

Ian

 

[lejackal]

And their we have have the end of Max £1 selling fees! Just can't help themselves can they. Still 80% off isn't bad.

I noticed that, they get your bank details and then they take away the main reason for listing on eBay. You are right that 80% off isn't too bad but I haven't worked out the math of higher priced items yet to see what that really means.

Oh well!

Ian

Anything under £35 and you're quids in with the 80% off though

 

[Palifan]

And their we have have the end of Max £1 selling fees! Just can't help themselves can they. Still 80% off isn't bad.

I noticed that, they get your bank details and then they take away the main reason for listing on eBay. You are right that 80% off isn't too bad but I haven't worked out the math of higher priced items yet to see what that really means.

Oh well!

Ian

Anything under £35 and you're quids in with the 80% off though

So it's 80% off of their 14% selling fees, is that right?

 

[lejackal]

I noticed that, they get your bank details and then they take away the main reason for listing on eBay. You are right that 80% off isn't too bad but I haven't worked out the math of higher priced items yet to see what that really means.

Oh well!

Ian

Anything under £35 and you're quids in with the 80% off though

So it's 80% off of their 14% selling fees, is that right?

Good point, I've done the maths wrong.

 

[lejackal]

You get 80% off the 12.8% fees. You still pay the 30p transaction fee.
Its actually a total sale plus postage value of £27.40 and under where 80% off plus 30p is cheaper than a quid total