eBay introducing their own payment method and phasing out Paypal

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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 [email protected].

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
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Right...

 
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.

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

 
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.

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

 
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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.

 
Yu Narukami said:
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.
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I hope you’re right, but changes are usuallly bad.
 
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. 

 
Vinny said:
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.
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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?

 
Yu Narukami said:
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?
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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.

 
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