eBay have announced that consumer seller eBay payments will roll out in 2021, meaning that in addition to business sellers being migrated to eBay payments, private sellers will also start to be migrated. The aim is that consumer seller eBay payments will fully roll out to all private sellers by the end of 2021.
“By enhancing the payments experience to encompass more of our business, we are further building on our work to become the seller platform of choice. Consumer sellers will no longer need to maintain two separate customer service relationships to manage their business and everything can be done in the eBay mobile app, My eBay or Seller Hub on the web.”
eBay is currently rolling out its management of payments to sellers in the UK, US, Germany, Australia and Canada, and will be expanding to France, Italy and Spain later in Q1 2021.
Consumer seller eBay payments benefits
eBay say that consumers will see key benefits from eBay payments and one major change will be that fees will be automatically deducted from sales proceeds so sellers will no longer receive invoices (unless they use enhanced features such as for instance an eBay Shop subscription).
- Simpler Fees
eBay selling fees will be deducted automatically from sellers’ earnings before they get paid, and fees are immediately shown in transaction details and monthly statements. The remainder of seller earnings will go directly to their bank account. No more PayPal processing fees. No more separate monthly fee payments.
- Convenient Payouts
Sellers will receive all payouts directly to their bank accounts. Sellers may also choose when to get paid: daily or weekly, as funds are available.
- Seller Protections
Because earning seller trust is our priority, eBay only asks for the information we need to keep sellers safe and pay out their earnings. We have also simplified claim and seller protections to make the seller experience easier. Learn more on how we will use the information here and how we protect sellers’ personal information here.
- Increased Buyer Choice
Apple Pay is available as a payment option on iPhone and iPad. Google Pay is also available on the eBay site and on the eBay Android App. Buyers can also choose locally relevant payment options like SEPA Direct Debit or Sofort EFT in Germany and Afterpay in Australia.
Consumer seller sign up
Once you receive an invitation to sign up for eBay payments, it’s a simple three step process for private sellers:
- Confirm your account details
- Verify your identity
- Add your bank account