Upcoming payment changes.

[prelovedtreasures-3]

I have seen that in a few weeks the funds from sales will sit in eBay account until they get used.

does anyone have more information on this.

I am just trying to understand how this will work and whether the money will still be able to go to my bank account. 

Very much intrigued by this update.

[dch2112011]

ebay are not deciding a private sellers money stays in a 'pot' they are giving personal account holders the option to withdraw the money or leave it in their ebay account to fund purchases rather than force personal account holders  money to be withdrawn.

This appears to be a wish of many genuine personal account holders who  state they cannot afford to dispatch sold items until they have their funds in their personal account because they cannot afford the costs to do so and some also argue that they cannot purchase items and lose out because they have not received their funds in time to spend them on ebay.

ebay have either pulled a master stroke or started a master disaster  with the new changes depending on whether they follow through with the appropriate changes in the new year.

To make it a master stroke - business sellers need to be eliminated from personal selling accounts, leaving genuine personal sellers with free selling and these genuine personal sellers are the genuine business buyers  

ebay need to attract more genuine business sellers to fulfill the increase in demand  anticipated by  increasing the number of genuine personal sellers achieved by giving personal members freedom to sell and use their funds as they see fit.

ebay need to increase buyer protection to cover the loss of 'chargebacks' , the anticipated fraud that ebay identify as a potential problem and false warranties, the 30 day protection will not achieve what it is designed to do when members use their ebay funds to buy.

Business sellers need more input into deciding when a false claim is being made against them either by being allowed to 'make the decision' with appeals being decided by ebay  

If ebay get it right - it really could be a  winner for everybody and attract more sales and purchases for members - get it wrong and it could be a loser for all concerned.

There are going to be many more changes over the coming months before anybody can definitiveoly decide on the future 

[le552711]

You sound like an eBay employee. Your view is based on probabilities. I doubt if it will be a success once you start to mess around with payouts. It's  likely to seperate the  tunnel vision hardliners ( like yourself ) from realists .  When ever a company introduces a new approach by restricting access to funds or just adding a level of complexity, it's a red flag for me.  Just like with eBay having so much discounts and sales.  And yet the diversity of goods has shrunken. 

you have to know when to call it a day ! And this new process reflects strongly for me that it's not something Iam willing to be a part of.  

[dch2112011]

How are ebay restricting your funds ?

Surely you can see that ebay have empowered you to make a decision to either withdraw your funds in part or total when you want to or leave some or all of it in ebay to make a purchase when you want.

Under the current system - you have no choice - it is automatically withdrawn whith ebay making the decision 

Are you suggesting that personal account holders are incapable of deciding what happens to their funds ?

There is a saying open your mind and take a balanced view - the world becomes clearer in daylight !

[le552711]

Your enthusiasm for this new approach feels corporate driven.  Just explaining it you come across whether intentionally or not ad an eBay employee. Much of what your saying doesn't add up. Previous new rollouts from eBay has driven many sellers away. I doubt if this one will attract more sellers , if anything many will jump ship and cut their losses. 

There's another saying that sums up your approach. It's not well known as yours but it captures a cultural context that you appear to indulge.  
the saying : 

who nah hear must feel !!

[dch2112011]

Like I say - ebay have given personal sellers the option to withdraw their funds at will or use them to fund purchases on ebay -  they even state that they will send you the funds every quarter if you leave them in the ebay account and do not use them - you can read anything you like into the ebay statement but the truth is simply not what you want to hear.

[le552711]

What I'm really saying to you as that you sound scripted. It doesn't feel genuine and it doesn't read genuine.  Your high corporate wail is off putting as the new approach benefits eBay considerably. It's an approach that will make people sit up and take stock on where they are and what is best for them.  While we beg to differ , I think with a cost of living crisis and people tightening their belts I sense more sellers willl leave eBay 

But on a seperate note , another saying comes to mind. Another cultural one that fits you like a glove. 

The slip of the tongue is not the fault of the mouth !!

[dch2112011]

You just need to read what ebay have stated - personal sellers will have the ability to withdraw funds on request, use funds to make purchases on ebay and ebay will withdraw automatically any money held in your ebay account to  your bank every quarter. (just in case you forgot it was there ! )

Today ebay will not give you these choices but only withdraw money to your account

How is the new system restricting your funds - please explain because I am intrigued how you can possibly come to this conclusion ?

Unless of course your latest saying is you saying you are mistaken ?

[kempseykate]

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@le552711 wrote:

Your enthusiasm for this new approach feels corporate driven.  Just explaining it you come across whether intentionally or not ad an eBay employee. Much of what your saying doesn't add up. Previous new rollouts from eBay has driven many sellers away. I doubt if this one will attract more sellers , if anything many will jump ship and cut their losses. 

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Cut what losses? As a private seller, I only have gains. No more ebay fees for listing or selling, including that pesky 30p per transaction, which was a right pain on low value sales.

Not sure if you were around when Paypal was the required method of payment on here. Sellers had to manually transfer the funds from there when they wanted them, or they could let it build up until they wanted to withdraw/spend it.  One of the main gripes about managed payments was that users didn't have a 'pot' built up that could be spent on ebay/used for refunds or postage.

This move puts it back to the system which was used then. If you want to leave money in to  cover future purchases or have it toward postage costs/refunds, you can. If you want to draw it out reguarly, you can. If you want to draw it out after every sale, you probably can.

No losses - just a couple of seconds to manually withdraw in exchange for no fees - sounds good to me.

[1956glyn]

Hi

I really am confused.   Private sellers now have to pay NO fees at all on their sales so long as they are not selling a car or using upgrades.       Surely you must be happy about this as a private seller?     I do not mind having an Ebay wallet because i will just withdraw the funds back to the bank on a regular basis.    I cannot see how this will drive people away from Ebay.   Saying that i do not think that having an Ebay wallet will encourage people to spend more on the site.  

As you have not sold for quite a while Ebay may well make you wait for your payments but thats another discussion.  

[le552711]

I'm happy that your happy!  I'm not sure why you have reached out to me. I was responding to a different post. . .  Your  justifications just reaffirm the point that I made previously.  You sound scripted!  

EBay is already losing sellers , so whether you believe it's a good approach is irrelevant. There's lots of competition from different platforms now and sales for many sellers has dropped. These are key factors that the "rot" has already begun and the new changes are likely to expedite things more. 

The new approach reads "red flag" to me , so whether it's a success or not I will not be a seller on eBay anymore.  

Please don't respond back to me.  I'm not interested in your viewpoint. Thanks. 

[le552711]

As I've stated previously I am no longer a private seller.  Read my previous comments. 

You made a good point Saying  having an Ebay wallet will not  encourage people to spend more on the site and also more importantly it won't encourage more sellers . 

Wishing you well with your future sales. 

[*vyolla*]

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@dch2112011 wrote:

Remember under ebay balance you will lose the chargeback protection - so if an item goes wrong after 30 days or a warranty is denied - you are stuffed - unless ebay change protection in the new year

see link below

unauthorised transactions new ebay balance warning 

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The link you've posted refers to unauthorised payments made from somebody's eBay balance (i.e. their eBay account has been accessed by somebody else and the funds used).

It's got nothing to do with chargebacks, which are a different thing entirely (when a debit or credit card is used without authorisation or the card holder issues a not received or not received claim via their card provider). 

eBay have nothing to do with buyer protection and chargebacks, that's down to the card providers. Cover is for 120 days with most cards. 

[le552711]

Hi 

why are you responding to me?  

please read my comments properly. 
I am no longer an eBay seller. 

thank you.  

[kempseykate]

Firstly this is a discussion board, so anyone can respond to anyone.
Secondly, check WHO the person was responding to before you ask them why they are replying to you!  Vyolla was responding to dch2112011.

[*vyolla*]

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@le552711 wrote:

Hi 

why are you responding to me?  

please read my comments properly. 
I am no longer an eBay seller. 

thank you.  

---

I'm not responding to you. Why do think that I am?

If you look at my post it says at the top who it's in response to and I have also quoted the person I'm responding to.

It's pretty clear. See, you can either scroll back and view my post again or here's a screenshot:

[le552711]

Please read my previous comments ! 

[dch2112011]

You have misread the post,

if a buyer uses funds from their ebay balance rather than a 'card' they will lose the right to make a chargeback  unless ebay update their buyer protection to extend buyer protection to 120 days or similar.

Thus any purchases requiring a reversal of funds beyond 30 days when ebay balance comes into force cannot be instigated through the chargeback system because no card is used - unless you have an explanation as to how you can force ebay to instigate a chargeback on themselves bearing in mind chargebacks do not have any legal standing and are a voluntary code of practice until you get to section 75 values.

The link indeed is referring to ebay balance which is entirely what this thread and the post is about - ebay have identified a weakness in the ebay balance and have chosen to warn members about it - this is going back to the 'good old days' before managed payments where funds could be taken via ebay from your paypal account - now it seems funds can be taken from the ebay balance in a similar way except ebay state for purchases - this time ebay cannot blame paypal and paypal cannot blame ebay ending up with the member out of pocket.

Time will tell how much protection ebay give or how serious the problem becomes - but obviously it must be a significant risk for ebay to give the warning

[le552711]

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@dch2112011 wrote:

You have misread the post,

if a buyer uses funds from their ebay balance rather than a 'card' they will lose the right to make a chargeback  unless ebay update their buyer protection to extend buyer protection to 120 days or similar.

Thus any purchases requiring a reversal of funds beyond 30 days when ebay balance comes into force cannot be instigated through the chargeback system because no card is used - unless you have an explanation as to how you can force ebay to instigate a chargeback on themselves bearing in mind chargebacks do not have any legal standing and are a voluntary code of practice until you get to section 75 values.

The link indeed is referring to ebay balance which is entirely what this thread and the post is about - ebay have identified a weakness in the ebay balance and have chosen to warn members about it - this is going back to the 'good old days' before managed payments where funds could be taken via ebay from your paypal account - now it seems funds can be taken from the ebay balance in a similar way except ebay state for purchases - this time ebay cannot blame paypal and paypal cannot blame ebay ending up with the member out of pocket.

Time will tell how much protection ebay give or how serious the problem becomes - but obviously it must be a significant risk for ebay to give the warning

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I haven't mis read just stated a view since eBay been promoting their new approach heavily in the last month.  

The most important part of your posting is that time will indeed tell us if it's a good or bad approach. 

[le552711]

I haven't mis read just stated a view since eBay been promoting their new approach heavily in the last month.  

The most important part of your posting is that time will indeed tell us if it's a good or bad approach. 

[a45heaven]

Im sorry, but does this change have any impact on Business Sellers?

I assume Private sellers - by virtue of being a none business, and may not have available funds, will not be expected to ship until the funds are available in the Private Sellers Bank from ebay to pay for postage? Postage being bought from a Post Office rather than an agent who do nothing to actually ship anything.