eBay Seller Update 21.1 has a reminder that eBay will require all sellers to register for eBay to manage their payments in 2021. A change coming in will see eBay payments invoicing collect additional fee types (e.g. shop subscription) from your sales proceeds, so read on to see how this will impact you.
It’s critical that you make sure you have signed up for emails from eBay so that you know when it’s mandatory for you to register. If you have already received a notification, eBay advise you to register before the deadline to avoid any interruption to your business. If eBay is already managing your payments, they will continue to send you updates on new features and functionality as these are added.
Please note, if you are an eBay Direct Charity seller, then you too will be migrated to eBay payments and will soon receive an eBay payments deadline for your business. You can read more about the arrangements for Direct Charity sellers here.
“Managing payments is a big step towards making eBay a simpler, more modern managed marketplace, and over 1 million sellers have already registered globally and 38% of eBay’s on-platform volume globally is already processed using managed payments with more joining every day. It’s the way business will be done on eBay, and eBay will require all sellers to register for eBay to manage their payments in 2021.
When you receive a notification from us, we recommend you register before the deadline to avoid any interruption to your business. This process consists of a few simple steps. Once you have registered we will send you further details about how to prepare your business and take full advantage of our simpler approach to payments.
Information shared during registration allows us to get you properly set up for managed payments, and to comply with applicable laws, which helps keep eBay a trusted marketplace.”
What to expect when eBay manages payments
- More ways for buyers to pay
Credit card, debit card, Apple Pay, Google Pay, PayPal, PayPal Credit
- One place to sell and get paid, all on eBay
A single source for fees, customised reports, refunds, simplified protections, and dedicated support.
- Streamlined operations
Regardless of how the buyer pays, payouts are initiated within 2 business days (Monday through Friday, excluding bank holidays) of order confirmation.
Changes to the eBay payments invoicing changes – all fees collected from sales proceeds
eBay has created a simpler and more modern format to pay your eBay fees and expenses. Beginning in early April all of your eBay selling fees and expenses, including those that are currently charged to your payment instrument on file, will be collected from your earnings.
If your earnings are not sufficient to cover these amounts, eBay will still charge your payment method on file (debit or credit card, and/or linked bank account).
- Examples of eBay selling fees, to be collected from sale proceeds, include but are not limited to: insertion fees, promoted listings, listing upgrades, and shop subscription fees.
- You may find information on fees and expenses via the reports functionality in the Payments tab in Seller Hub.
- You will receive a monthly invoice in a new format, but depending on your monthly invoice date, you may continue to receive invoices in the old format for both April and May. You must still pay any outstanding amounts that are reflected on invoices that you receive during this time. Charges will not be duplicated.
Expanded support for international selling
- If you offer to post internationally, your listings may surface in buyer searches on supported international eBay sites. You may also limit the countries you post to by selecting specific regions in your listing settings.
- You may create listings on select eBay sites outside of the United Kingdom, such as the United States (ebay.com), Germany (ebay.de), and Canada (ebay.ca). Your earnings for these sales will be disbursed to you in GBP. We will continue to expand international selling to more countries in the coming months.
- For more details on international selling on eBay, click here. Additional fees (0.5%, 1.8%, or 2.0% depending on country) may apply if either the buyer’s registered address or the delivery address for the item is located outside of the United Kingdom, but you will no longer pay PayPal processing fees for international transactions.