eBay to stop sellers using ProPay, Skrill and Paymate

No primary category set

eBay sellers will no longer be able to accept payments using Skrill, PropPay or Paymate come September 27th. This is unlikely to affect many UK sellers but it might have an impact on some of our US readers.

An email sent to sellers using the services said: “Over the course of this year, eBay has conducted a global review of the use of payment methods on its websites. Given the very low usage of ProPay and Skrill on eBay’s various sites, from the week of Sept. 27, 2015, these payment methods will no longer be supported. Please revise the payment methods offered on Good ‘Til Cancelled listings to avoid them being taken down 30 days from their initial listing date.”

eBay gave a statement to Tamebay: “After a global review of current payment methods on eBay’s sites, we have decided to retire Propay, Skrill and Paymate due to low usage (far less than 1% of users). Customers will have at least 30 days to make the necessary changes to an alternative payment method.”

Under the 5-year operating agreement between eBay and PayPal, the newly independent eBay is required to process 80% of gross merchandise volume (GMV) must go through PayPal or eBay will face penalties. On the flip side, if eBay exceeds 80% through PayPal, it gets a bonus.

Will you be affected by this change?

RELATED POSTS..

eBay UK returns as Love Island sponsor to promote pre-loved fashion

eBay UK returns as Love Island sponsor to promote pre-loved fashion

eBay Roadshow Belfast - 13th June

eBay Roadshow Belfast – 13th June

eBay's new resell button transforms recommerce experience

eBay’s new resell button transforms recommerce experience

eBay & Small Business Britain Webinar: From Side Hustle to Main Hustle

eBay & Small Business Britain Webinar: From Side Hustle to Main Hustle

eBay Official Partner of McLaren Formula 1 Team

eBay Official Partner of McLaren Formula 1 Team

ChannelX Guide...

Featured in this article from the ChannelX Guide – companies that can help you grow and manage your business.

Register for Newsletter

Receive 5 newsletters per week

Gain access to all research

Be notified of upcoming events and webinars