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eBay and PayPal

Discussion in 'Lounge' started by Babelfish, Apr 28, 2021.

  1. Babelfish A Fixture

    Country:
    United-Kingdom
    I've just found out that soon, when you receive money for eBay sales, payments will go directly into your bank account rather than your PayPal account. So by the end of May you have to provide eBay with your bank details.

    The blurb I received says that once you provide your bank details (which you have to do in order to continue selling) you will "automatically offer all payment methods" to buyers.

    I presume that this means your bank details will be passed on to any old Tom, Dick or Harry so that they can pay you directly if they want to (and also have the chance to harvest your sensitive financial information). Although it does appear that they can still pay you via PayPal if they wish ... it's just that the cash (or what's left of it) will instead be credited to your bank account rather than your PayPal account.

    eBay call it the "end-to-end selling experience" and say that they are "enhancing" it in order to "deliver a more seamless experience for both buyers and sellers". I just call it fixing something that's not broken.

    They're also making hay out of the fact that there are "no more PayPal payment processing fees" and that most sellers will now supposedly pay "the same or less" in fees as before. Although given the fact that they are increasing their final value fee from 10% to 12.8% and slapping a new £0.30 fixed fee on every sale, I'd say it's swings & roundabouts unless you're selling high-value items, in which case the effective 0.4% fee cut (I think PP fees are currently around 3.2%, something like that) might be slightly more noticeable.

    Others may disagree, but suddenly selling on eBay has become less attractive for me.

    - Steve
  2. Banjer Well-Known Member

    Country:
    England
    I quite agree Steve.
    For model related I will use pF and for general sales I have been very successful with facebook marketplace. You always get the odd chancer trying to knock you down but they are easily rebuffed. I buy on eBay but don't use it to sell.

    Bill
    Babelfish and 1969 like this.
  3. 1969 A Fixture

    Country:
    United-Kingdom
    I would have thought most buyers will still use Paypal for the buyer protection it offers, it always sides with the buyer for a refund when a dispute is taken up. Paying via bank transfer leaves you open to no refund if things go wrong. E-bay is not the site it used to be sadly, I often buy from E-Bay but very rarely sell on there anymore.
    Steve
    Blind Pew and Babelfish like this.
  4. Babelfish A Fixture

    Country:
    United-Kingdom
    Yes I agree with that. eBay was great in its early days (and fees were much more modest). But over time it's morphed into the big corporate monster that it is today.

    I also recall some years ago when eBay forced everyone to use PayPal, their justification was that it was a secure payment platform for buyers and sellers alike. They now seem to have changed their minds about that for some reason.

    - Steve
    1969 likes this.
  5. Banjer Well-Known Member

    Country:
    England
    I believe eBay used to own PayPal but sold it off so now it doesn't hold the same attraction to them.

    Bill
    1969 and Babelfish like this.
  6. Airkid PlanetFigure Supporter

    Country:
    England
    I still buy on eBay, mostly from regular contacts, but I stopped selling on there some time ago after a couple of "it never turned up" instances, where PayPal immediately recovered the funds on behalf of the thief buyer. One instance had a interesting ending - I sold a good US-made repro M41 Parsons combat jacket, fully badged with original MSgt stripes and 2nd Inf Div patch. Buyer (in Glos) claimed it never arrived - money recovered. Some months later I was at a WW2 re-enactment (in Glos) and found some a-hole wearing my jacket. Words were exchanged and the upshot was, he removed the jacket, threw it (and some unprintable words) at me and headed for the gate. This is the absolute truth. Contacted both eBay and PayPal about it and I've no need to tell you the outcome.
    EBay, Facebook, Microsoft - too big to fail (sadly)

    Phil
  7. Moonraker Active Member

    Country:
    England
    Hope you asked him to pay for it to be deloused Phil...
    Babelfish and Airkid like this.
  8. Airkid PlanetFigure Supporter

    Country:
    England

    :LOL: - I took the insignia off it and swapped it through a militaria dealer friend. The bugger had burned a hole in it with a fag in any case, so it was pretty much worthless. This was before the days of Hermes when this sort of scam was very common.

    Phil
  9. housecarl A Fixture

    Country:
    United-Kingdom
  10. Nap A Fixture

    Country:
    England
    Hi Steve

    A good thread ...for them its all about profit , customer doesn't really matter IMO ,.....fees are getting too much might aswell give stuff away

    Haven't see any free listing offers either .....have they stopped this as well ??

    What annoys me is that any money in your account can't be transferred instantly as a result of sales yet if your sent money it can ........take on average 2 days .....not good

    I believe PayPal and e E Bay have split and are separate companies each with own charges

    Of course sell your stuff here on PF ...absolutely FREE ..great bonus for members

    Nap
    Blind Pew and Babelfish like this.
  11. Babelfish A Fixture

    Country:
    United-Kingdom
    Hi Kev, further digging has revealed that PP was spun off from eBay in 2015, and that this move has been in the works since at least 2018.

    I'm sure that eBay have their own (business) reasons for doing it, and you can be sure that it's for their own benefit not the customers' - no matter how they try to spin it as "improving the experience" in their corporate-speak.

    It also transpires that if you sell something on eBay for £30, under the new system you'll end up with a grand total of 4p (in words: four pence) more than you do at present. Sell something for £100 and under the new system that amount rises to the giddy amount of 10p (just don't go mad and spend it all at once). And as you correctly point out, for that you'll then have to wait a couple of working days for your money instead of getting it credited instantly to your PP account as is the case at the moment.

    The benefit of selling on here is of course that it's completely free, although it's also true to say that our relatively obscure little corner of the web doesn't have the global "reach" that eBay does.

    - Steve
    Blind Pew and Nap like this.
  12. Plastic Max Member

    On my eBay account, I routinely get offers every 2 or 3 weeks to sell for a maximum final fee of £1.00 (up to 100 items, and irrespective of final price) which is very reasonable & I tend to only list items for sale then. I've noticed also that if a buyer "wins" several items, the first is charged at £1.00 and others at £0.70 so, for example, 5 items to the same buyer would cost £3.80 total in eBay fees - with no PayPal fee - really quite acceptable. Funds are disbursed from my eBay account direct to my bank account weekly (on Tuesdays) - or there's an option for daily transfer. No hassle really. I just have to route funds ad hoc from my bank account to PayPal for purchases.
  13. Henk Well-Known Member

    Country:
    United-Kingdom
    Ebay was not much for selling anyway (unless you're a business, or Chinese re-caster..), so I've now taken my last for sale items off. I've been buying more direct from sellers (Broken Toad, El Greco, etc ) anyway, so apart from the occasional private buy, I'm not bothering with evilbay anymore.

    As for evilbay 'cutting out the middleman' (pp), to 'streamline the process', that is codswallop. They want to cut out PP, instead using another company to do the same job as PP.
  14. Babelfish A Fixture

    Country:
    United-Kingdom
    It was great for both buying and selling when it first started, like a giant online car boot sale.

    But as it's become increasingly corporate & glossy over the years (and as selling fees have crept ever upward to match its corporate-ness and glossy-ness), it's become much less attractive. You get the impression that "attic-clearance" sellers are an inconvenience now, and they're only interested in the big-volume businesses and "power-sellers".

    - Steve

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