02-12-2024 3:59 PM - edited 02-12-2024 4:03 PM
Hi I've just received this message contacted ebay and is being sent to everyone
That's me I'm done no more ebay for me bye bye
We are making changes to the way we process payments on eBay. Going forward, we’ll make your funds available for payout within 48 hours after we’ve confirmed delivery of the item. Until then, you’ll see a “hold” on your funds. This process helps keep our marketplace safe.
05-02-2025 4:42 PM
05-02-2025 4:53 PM
05-02-2025 4:56 PM
05-02-2025 5:01 PM
Just wondering what's will happen to the require immediate payments choice for sellers.
I'm thinking why would I require immediate payments if it's not coming to me until delivery 48hrs after delivery? If we stop having immediate payments then eBay won't be able to holding our money & making interest off it as it sits in their bank accounts. AFTER ALL THAT'S WHY THEY'RE DELAYING PAYOUTS SO THEY CAN MAKE MONEY FROM INTEREST
05-02-2025 5:11 PM
I have always had this option ticked so unsure on that matter. Someone correct me if im wrong. Buyers address will not show and you can't mark it as dispatched until payment is received.? I don't think it would matter the payment delay would stay the same after payment is received.
05-02-2025 5:12 PM
@sunshinedior67 wrote:Just wondering what's will happen to the require immediate payments choice for sellers.
I'm thinking why would I require immediate payments if it's not coming to me until delivery 48hrs after delivery? If we stop having immediate payments then eBay won't be able to holding our money & making interest off it as it sits in their bank accounts. AFTER ALL THAT'S WHY THEY'RE DELAYING PAYOUTS SO THEY CAN MAKE MONEY FROM INTEREST
You don't really have a sale until it is paid for! When it is "sold" but not paid for you can't really do anything. You can't ship it and you can't sell it to anyone else.
Immediate payments were introduced to reduce non payments.
05-02-2025 5:17 PM
Has anybody experienced this buyer protection fee yet? Also with the delay in payments? Please break it down from your experience. And what to expect on are private accounts.
05-02-2025 5:26 PM
I came here today expecting an avalanche of ‘first experience’ posts.
So far nothing. Not even from those in ‘electronics’. I can’t believe that if it had been applied in any category that one of us wouldn’t have a story to tell.
05-02-2025 5:36 PM - edited 05-02-2025 5:41 PM
Sold two items today and the one sent untracked shows "Pending – in eBay balance 20 Feb" in transaction activity. One sent tracked " Pending – awaiting delivery"
05-02-2025 5:39 PM
So delayed payment seems to have started whereas the BPF has not.
05-02-2025 6:27 PM
So what you're saying is that if I buy something from you, you're happy to ship it to me and I'll pay when I get it so eBay don't make any interest in the interim?
I think that would cost you more in non payments than what you think the interest would be!
05-02-2025 6:29 PM
Yes, there is no genuine reason for there new policy of witholding payments until delivery. The customers have always been covered by them, even if you have a no refunds in your account. They over rule it. I am going to see how long my payments are held after selling a few items from today. And if it causes me problems. I will be pulling the plug too.
05-02-2025 6:36 PM
l am also going to ask customers to give feedback straight away on receiving an item, and make them aware of why. I am not happy....
05-02-2025 6:37 PM
Your payments will be held according to the published payment policy that started yesterday.
05-02-2025 6:44 PM
Feedback is irrelevant to payments being held
05-02-2025 6:47 PM - edited 05-02-2025 6:47 PM
@sheffieldsvintage wrote:
Feedback is irrelevant to payments being held
Apparently not if the item was under £10.
05-02-2025 7:02 PM - edited 05-02-2025 7:03 PM
It saddens me to see fellow sellers trying to take back some control by adding demands, warnings and caveats to their item descriptions. I think it will do more harm than good but I can absolutely see how some feel driven to it. 😞
06-02-2025 12:57 AM
No....you do pay as the buyer right away....but it gets put on hold in sellers payments section and eBay releases it on delivery or after
06-02-2025 8:59 AM
darrenyeomans634 wrote: Yes, there is no genuine reason for there new policy of witholding payments until delivery...
eBay gives the impression either that the motive is (a) financial greed (b) to drive out private sellers (c) both. Carrying on the multiple-choice (as per the BBC radio quiz "I'm Sorry I Haven't A Clue") would you say eBay's new policies are (a) poor (b) very poor (c) buttock-clenchingly *bleep*-poor?
BPF is unnecessary; buyers are already protected by eBay and by law. I expected my seller to get their money asap, I was never concerned about it. Most eBay transactions are smooth and successful. I've made over 1,000 purchases without problems and I doubt I'm unusual. The new policies are a sledgehammer to crack a nut that mostly doesn't exist, and it's an indiscriminate sledgehammer. It also send the bad message that no one can be trusted. I read in a post (sorry can't remember where or who posted; it quoted the relevant part with the bit about interest shown in bold print to highlight it) that eBay has changed its T&Cs to give itself permission to earn interest on withheld payments - if I'm incorrect, please post.
And eBay financial greed again: I've posted elsewhere about eBay acting like the Industrial Revolution factory-owners who paid workers in vouchers which could only be redeemed in the factory-owners' shops (the 'truck' system), whose prices were higher than in ordinary shops. eBay says sellers can use their withheld funds to buy postage or to buy on eBay. How many will need or want their funds to the extent that they feel forced to use them by buying on eBay? (depending of course, but what if it's £hundreds being withheld?)
So far eBay says Simple Delivery will become mandatory save for purchases under £10. That restricts private sellers even more, making them prey to SD prices. What if a courier and/or eBay raises the prices above what could be obtained outside Simple Delivery? I read that one courier had already done so, by several £££ (again, sorry I can't remember who posted or where).
Buyer's fee 75p flat fee and a percentage. BOTH are greedy.
(The 'truck' system became so widespread and oppressive that parliament outlawed it in 1831, extended to all manual workers in 1887. Anti-truck principles became incorporated in 20th and 21st century employment laws.)
06-02-2025 9:41 AM
You're right, the Truck system was outlawed before it could take too much of a hold in the industrialised UK.
Unfortunately it wasn't in the US, particularly in rural states where it was still in use as a means of exploitation well into the Great Depression, reducing migrant labourers to a state of almost slavery as their coupons never paid for their company store bought food, thereby keeping them in debt and unable to move on without being arrested.
This was particularly true in California as shown in the film "Grapes of Wrath". Perhaps ebay is thinking along similar lines? 😐
It doesn't seem like ebay is a bastion of free enterprise any more, more like a command and control economy where the serfs do as they're told and pay for their own oppression. 🤣