In the German eBay Spring 2020 Seller Release it was revealed eBay Payment processing will become mandatory for all German Business sellers by the end of 2020.
On a global level, eBay will gradually expand the new payment processing to other buyers and sellers and it has been announced that eBay payment processing is coming to the UK this summer. This year it will be mandatory for the majority of business sellers in Germany and if your German eBay account has not been invited you to participate expect the invitation to drop into your inbox within a few months.
How do German payments to your bank account work?
As a seller, eBay will inform you that your item has been sold and paid for. You send the item and receive the payment directly to your bank account. eBay arrange payments to your bank account uniformly within 2 working days after a purchase confirmation, regardless of how the buyer paid.
This is an important change as eBay sellers have traditionally been used to having access to their funds immediately, albeit as a PayPal balance. Sellers could instantly use the funds to buy postage for example, as well as to send money to friends, family or suppliers or instantly use it to make a purchase on eBay or any other site that accepts PayPal. Be aware that, at least in Germany, it will be two working days before you receive your funds. You can choose daily or weekly withdrawals.
eBay Payment processing Benefits
New ways for buyers to pay
Buyers have new ways to pay: credit card, direct debit, Google Pay and PayPal. Apple Pay is offered as a payment option on iPhone and iPad. All of this is done through eBay without the need for separate accounts to accept these payment methods.
Everything in one place
From a single location, you can access information about your incoming payments, resolve inconsistencies and buyer protection cases, and manage refunds.
In addition, your withdrawals will be transferred directly to your bank account, and you can choose between daily and weekly withdrawals of the available amounts.
Register now for eBay Payment processing in Germany
If you have already been notified by eBay to register for payment processing, complete the registration here. There are three steps:
- Verify your identity and that of your company.
- Add a bank account for the withdrawals.
- Your eBay account will be converted to the new payment processing on the same day by eBay.
If you have not yet received a notification regarding eBay Payment processing on your German eBay account you can express your interest here.