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eBay introducing their own payment method and phasing out Paypal

ebay paypal derp okay safety last mmmmhmmmmm great

#1 Squarehard   Nyaa~ CAGiversary!   20982 Posts   Joined 11.9 Years Ago  

Posted 01 February 2018 - 01:26 AM

eBay is happy to announce plans to further improve the customer experience by intermediating payments on our Marketplace platform. In doing so, eBay will manage the payments flow, simplifying the end-to-end experience for both buyers and sellers. We have signed an agreement with Adyen, a leading global payments processor, to become our primary payments processing partner. PayPal, a long-time eBay partner, will be a payments option at checkout for eBay buyers.

You do not need to take any action at this time. The transition to full payments intermediation will be a multi-year journey.

Over the past three years, eBay has transformed its business to drive the best choice, most relevance and most powerful selling platform. Building out our payments capabilities is the next step in that strategy.

Payments intermediation will bring significant benefits for eBay sellers. You can expect a simplified pricing structure, more predictable access to funds, and most sellers can expect their costs of payments processing to be reduced. We’re also working on ways to provide sellers a central place to track and manage their business, which can soon include payments information.

By offering buyers more choice in how they pay and expanding payment options into more geographies, eBay believes sellers will be able to reach more buyers and improve conversion.

The transition to full payments intermediation will be a multi-year journey. eBay will begin intermediation on a small scale in North America starting in the second half of 2018, expanding in 2019 under the terms of the Operating Agreement with PayPal. In 2021, we expect to have transitioned a majority of Marketplace customers to the new payments experience.

Again, you do not need to take any action at this time. As eBay gets closer to the initial phase of its intermediation efforts, we will share more details about this process and next steps for sellers. In the meantime, please read the eBay Inc announcement for further information. For any immediate questions or to share feedback, please email paymentsinfo@ebay.com.

We’re looking forward to what’s next, and to getting there with you.

As always, thank you for selling on eBay.

Bob Kupbens
Laura Chambers
VP, B2C Selling
VP, C2C Selling

 

Right...



#2 thelonepig   Greasy Pork Pirates! CAGiversary!   6686 Posts   Joined 13.8 Years Ago  

Posted 01 February 2018 - 03:26 AM

The question here is - what additional percentage will ebay take for payments made through their intermediation?



#3 GamerSavage   The Throwback Kid CAGiversary!   1168 Posts   Joined 7.3 Years Ago  

GamerSavage

Posted 01 February 2018 - 03:49 AM

Uh oh... Looks like somebody has gotten too big for their britches over there. I don't see how this will help buyers or sellers on eBay. Sounds like a huge headache is coming for everyone involved.



#4 romeogbs19   Henshin A Go-Go Baby! CAGiversary!   2706 Posts   Joined 16.1 Years Ago  

romeogbs19

Posted 01 February 2018 - 05:33 AM

Talk about providing a solution where there is no problem.  eBay -- go away -- the less you're involved in my transaction, the better.



#5 TheGuido   CAGiversary! CAGiversary!   423 Posts   Joined 11.2 Years Ago  

Posted 01 February 2018 - 04:46 PM

New payment processing...so now we can more efficiently screw our sellers and side with buyers all the time.

#6 Jodou   Infamous CAGiversary!   14540 Posts   Joined 10.9 Years Ago  

Posted 01 February 2018 - 05:40 PM

Yeah, saw the email last night but I'm not too heavily an ebayer so it shouldn't be that big of an issue. I'll just continue using paypal and if they cut it off, I'll cut them off.



#7 Vinny   Bang, bang... pew... CAGiversary!   22889 Posts   Joined 15.3 Years Ago  

Posted 01 February 2018 - 09:44 PM

They need to bring back money order payments.

 

:-P 



#8 G_x51   World Warrior CAGiversary!   2369 Posts   Joined 11.5 Years Ago  

Posted 01 February 2018 - 09:47 PM

wasn't paypal owned by ebay and than seperated?
if so what's the point? you're going in circles ebay.

#9 Squarehard   Nyaa~ CAGiversary!   20982 Posts   Joined 11.9 Years Ago  

Posted 02 February 2018 - 02:07 AM

wasn't paypal owned by ebay and than seperated?
if so what's the point? you're going in circles ebay.

Yes, and yes. ;D



#10 anime5ever   CAGiversary! CAGiversary!   226 Posts   Joined 13.7 Years Ago  

anime5ever

Posted 02 February 2018 - 04:05 AM

what about those ebay giftcards. don't you need paypal for'em?



#11 needler420   car title is lost CAGiversary!   2492 Posts   Joined 9.2 Years Ago  

Posted 04 February 2018 - 01:29 PM

Its not going to phase out paypal lol. Its already a established currency. They'd been better off converting to bitcoin lmao. 



#12 Squarehard   Nyaa~ CAGiversary!   20982 Posts   Joined 11.9 Years Ago  

Posted 04 February 2018 - 09:09 PM

Its not going to phase out paypal lol. Its already a established currency. They'd been better off converting to bitcoin lmao. 

Oh no, Paypal isn't going to get phased out, just that eBay is spiteful to make it seem that way. ;D



#13 Yu Narukami  

Yu Narukami

Posted 05 February 2018 - 08:44 AM

This might make fees less. Heck, eBay might scrap payment fees entirely! Paypal was a different company which is why we got fees twice and Paypal took quite a lot from us. Since we're already getting FVF, eBay might not make us pay payment fees, or at least make them a lot less since this new payment method will belong to them. Then there was that retarded policy where Paypal kept the $.30 fee they always charge us if we ever refunded a transaction. I won't miss Paypal and if the fees get better, I'd be happy to use eBay's new method. There's nothing Paypal does well enough for me to want to keep using it. They're greedy as all Fuck and I'm quite frankly sick of them.



#14 TuscaloosaJohnny  

TuscaloosaJohnny

Posted 09 February 2018 - 08:18 PM

This might make fees less. Heck, eBay might scrap payment fees entirely! Paypal was a different company which is why we got fees twice and Paypal took quite a lot from us. Since we're already getting FVF, eBay might not make us pay payment fees, or at least make them a lot less since this new payment method will belong to them. Then there was that retarded policy where Paypal kept the $.30 fee they always charge us if we ever refunded a transaction. I won't miss Paypal and if the fees get better, I'd be happy to use eBay's new method. There's nothing Paypal does well enough for me to want to keep using it. They're greedy as all Fuck and I'm quite frankly sick of them.


I hope you’re right, but changes are usuallly bad.

#15 Yu Narukami  

Yu Narukami

Posted 12 April 2018 - 08:19 AM

Any new information about this?



#16 Yu Narukami  

Yu Narukami

Posted 12 November 2018 - 10:06 PM

Any new information about this?



#17 Vinny   Bang, bang... pew... CAGiversary!   22889 Posts   Joined 15.3 Years Ago  

Posted 13 November 2018 - 02:25 AM

The only thing I've noticed is that now when I check out, I can pay directly with my credit card... no need to use PayPal. 

 

I've also noticed that a lot of times when I do pay with PayPal... there's always some kind of issue which delays the payment, even though I used the same payment methods other times with issue. 



#18 nigel200099   CAG Veteran CAGiversary!   21 Posts   Joined 11.9 Years Ago  

nigel200099

Posted 13 November 2018 - 08:15 PM

From past experiences, I do not trust eBay.

#19 Yu Narukami  

Yu Narukami

Posted 13 November 2018 - 10:35 PM

The only thing I've noticed is that now when I check out, I can pay directly with my credit card... no need to use PayPal. 

 

I've also noticed that a lot of times when I do pay with PayPal... there's always some kind of issue which delays the payment, even though I used the same payment methods other times with issue. 

Do you know how the payment functions with credit card? Does the money still get sent to your Paypal account? And does Paypal still take that huge FVF?



#20 Vinny   Bang, bang... pew... CAGiversary!   22889 Posts   Joined 15.3 Years Ago  

Posted 14 November 2018 - 01:00 AM

Do you know how the payment functions with credit card? Does the money still get sent to your Paypal account? And does Paypal still take that huge FVF?

I've sold a handful of things but I can't tell if the payment was made via eBay or PayPal, but every single sale I've made the money was in my PayPal account... and I'm not really seeing any type of big marketing or advertising push for eBay's payment system.