New payment system question!

[geordiegirlkelly]

Hi

really sorry if this has been asked before but this is the first time I have used this! Just a question about ebays new payment system. I have just (after a few weeks of deliberating!) entered my  bank details to my payments as a fairly regular seller. 

However,shortly after I receive an email from eBay confirming my direct debit instruction.

I know this is a probably a stupid question but is this standard ie just to let me know this is how they will take the monthly fee? I was under the impression it was just to receive money from items sold?

thank you 

[tobiasd4]

There is no monthly fee, all fees are deducted before ebay pay you.

DD is for ebay to reclaim any money they have to pay out if buyers open case & need refund.

eBay is managing payments | UK Seller Centre

[1956glyn]

Hi

I do believe its in case you are forced to do a refund or get a chargeback 

This tells you about Managed Payments Introducing managed payments on eBay | eBay

Basically Ebay deduct their fees  before they send the balance to your Bank account which will take a few days