eBay seller payment

[Imurg]

Anyone using eBay to sell stuff needs to be aware of this change coming up from Feb 4th
At the moment, funds become available to you about a day after the buyer pays. That is going to change dramatically
If you send your item via a tracked service your money will only be available 2 days AFTER delivery confirmation.....and if you send untracked or tracked but with no delivery confirmation it's 14 days from the order date.....
Not overly impressed but at least there are no fees unless you're a trader or flogging a vehicle..
Just thought people should know as I doubt they'll go out of their way to publicise it.

 

[jim8flog]

Anyone using eBay to sell stuff needs to be aware of this change coming up from Feb 4th
At the moment, funds become available to you about a day after the buyer pays. That is going to change dramatically
If you send your item via a tracked service your money will only be available 2 days AFTER delivery confirmation.....and if you send untracked or tracked but with no delivery confirmation it's 14 days from the order date.....
Not overly impressed but at least there are no fees unless you're a trader or flogging a vehicle..
Just thought people should know as I doubt they'll go out of their way to publicise it.

Thanks for that must have missed it.

This is still better than back in the days when you had to 'claim' the payment and request it was transferred to your bank account from PayPal.

 

[Oddsocks]

Exactly why I sell most golf stuff on faceache market place. Smaller audience granted, but no fees or hassle. Life’s too short.

 

[rudebhoy]

Ebay seem to be moving to a model where you keep a balance on your account rather than withdrawing as soon as you can.

I bought something the other day, and when i got to the payment screen, it offered me a £2 discount if I used my ebay balance to pay. Trouble was, I had a zero balance, and there is no option to top-up.

 

[Imurg]

Just had an email...
They're adding the fees that private sellers used to pay to the buying price....up to 4% plus 75p...businesses excluded....
So an item listed at 20 quid will have the £1.49 fee already added.
The seller has listed at £18.51 but the buyer pays 20.
Bemused.....

 

[rudebhoy]

Just had an email...
They're adding the fees that private sellers used to pay to the buying price....up to 4% plus 75p...businesses excluded....
So an item listed at 20 quid will have the £1.49 fee already added.
The seller has listed at £18.51 but the buyer pays 20.
Bemused.....

I did wonder how they were going to make any money once they got rid of seller fees.

 

[PJ87]

Just had an email...
They're adding the fees that private sellers used to pay to the buying price....up to 4% plus 75p...businesses excluded....
So an item listed at 20 quid will have the £1.49 fee already added.
The seller has listed at £18.51 but the buyer pays 20.
Bemused.....

So they changed their model to get popularity back in the market and now ? Oh great

I can't be bothered with eBay now days. My old phone I sent to cex just to save the faff of ebay after the wedge incident

How much money is enough to make ..

 

[4LEX]

Ebay seem to be moving to a model where you keep a balance on your account rather than withdrawing as soon as you can.

I bought something the other day, and when i got to the payment screen, it offered me a £2 discount if I used my ebay balance to pay. Trouble was, I had a zero balance, and there is no option to top-up.

That's exactly what they're doing. They've discouraged the automatic withdrawals and are happy for you to keep money in the balance. Adding discounts is a good way of helping and it does work! Good idea IMO.

Miles better than the old days when you had to withdraw via Paypal and then pay a monthly invoice. At least now any ad rate charges get taken off right away so there's never any invoice.

I think this new change with funds being available only after delivery is to do with making sure sellers use ebay's own delivery partners or outside tracking. This is a result of high levels of fraud from buyers who claim items never turn up. It's happened to me a lot in the last year or so and I've already made sure everything is tracked and details uploaded the day I post. One idiot claimed something hadn't arrived yet the tracking showed a picture of him receiving it at his front door! From previous experience, I knew from his name and location there might be an issue so thankfully paid extra on that item