Following a payments session at eBay Open, some eBay Payments Beta trial insights have emerged giving us an ideal of what eBay Payment will look like. eBay are already inviting sellers to sign up to the eBay payments beta in the US and members of eBay staff have been using the new payments flow for a couple of months. Here’s what we know to date:
eBay Payments Beta trial insights
Features we already knew
- eBay will consolidate payments and invoices into a single account
- Payouts will be made daily to your bank account
- eBay are exploring faster ways to get paid with partners
- All fees will be on a single eBay invoice – this will include payment fees
- Those who take part in the Beta will get special discounted pricing for early opt in
- eBay will automatically update all existing listings to add eBay Payments as the default payment option
New features we now know
Should you sign up to eBay Payments?
Obviously during the beta trials, signing up to eBay Payments is entirely optional and you should consider the above points in relation to your business. When use of eBay Payments is enforced then you won’t have choice but we know that some features (like the ability to accept PayPal) will return as we hope would support for the eBay Global Shipping program.
Currently we’d suggest that the trial is probably not suited for larger experienced eBay sellers as it’s likely to be too disruptive to their existing business automation (e.g. accounts), but if most of your processes are manual then you may like to get a jump on the competition and get to grips with eBay Payments early, if you’re invited to the trials.