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.
29 Responses
No good news there. So much for cheaper fees and instant access to your funds…
Let’s hope that there’s a volume discount coming because as it stands, it’s more expensive than our current 1.9% +20p PayPal rate.
A lack of an API could be a serious issue too. That simply has to be in place before this goes live. However, eBay’s recent performance doesn’t fill one with confidence.
Do not opt into this Beta program.
No Paypal payment option means hundreds of buyers will just abandon their carts. Its a seller nightmare.
Why cant Ebay get anything right?
Its just one disaster after another.
A seller in Ebays discussion board predicts Ebays demise by 2021 – i think they are so right
Why are you advising it is not suitable for larger sellers? They are the ones who dont have to worry about the Paypal option and have large floats from mutli channels they sell in.
That is bad advice you are giving – its the smaller sellers that are affected.
This is why im advising do not opt in to the Beta test, you can never opt out – the Beta test lasts for a couple of years.
I know it is only a beta test and you expect things to be not great or the finished article, but do they try on purpose to do it as badly as possible?
No GSP = No global sales (unless you want to do a LOT more legwork)
No Paypal payments = Less sales
Fees that are higher than many business sellers will be being charged via paypal. = Getting charge MORE for accepting payment on a LOWER amount of sales
Worst Beta Test Ever!
Payments every day!! Our business bank account charges £0.35 on every incoming credit. At present we disburse from paypal twice a month (£0.70) . If ebay pursue this line of payment it will be £10.85 per month and an extra 28/29 transactions to be accounted for
.
Honestly think ebay have no idea about running a business
This is eBay at it’s best, but fear not, all the above could change for the worse, nobody will sign up to the beta so eBay will just switch us all over and work out the problems as they go…
@Tyler – thats true. Im so glad i moved over to Etsy – Ebay has turned into a bargain bin place, im making better revenue on Etsy with the exact same items i sold on Ebay.
Plus, Etsy show ALL your listings ALL of the time, unlike on Ebay with their throttling and when they feel like showing them.
@Gav
I’m surprised you sound surprised lol
It is eBay after all,,, no thought, no planning and next to no idea.
Truly woeful
I have not opted in for the beta test but are you guys above saying that when you do……. it removes the paypal option? Surely not.
it was always ebay intention to always have paypal as an option.
Hi Mr Patterson – just a quick change of subject to pick your brain.
With regards the new returns metrics –
(1) Would a return which has been started via the Ebay returns process – but the buyer does not bother to post the item to the seller . Will this still be a return which counts against you?
(2) Again as question 1 – if buyer does not post the item – is seller still liable for the Ebay postal charge which as been generated – or is there a refund to seller.
Many thanks Plasticman
thanks for the explanation Tyler. I missed that bit in the terms. Oh dear. I hope nobody has opted in not realising this.
Wonder if it’s a sign of Paypal flat out refusing to help ebay and that’s why it’s missing?
@patterson
How could you not miss paypal is not a option??, bank transfers also take 2-4 days!!
You state in your post above “Daily disbursements was something business sellers were pushing for.” where is this information you state??. Sellers can dispurse funds at any time to any of their accounts with paypal already often arriving in a few minutes
I dont want transfers done every day like most on here and certainly dont want them on my private account either. For the few items i sell on my private account i normally keep the funds in paypal for purchasing other things with paypal not just ebay.
@ Alan Paterson
I have been just one month on Etsy so its too early to say i’m afraid.