eBay commission & payment changes
eBay commission & payment changes
Had an email from them last night. They will shortly require your bank details for selling, and commission will be 12.8%. Discussed elsewhere? What say you?
Last edited by UpWrong on 30 May 2021, 6:17am, edited 1 time in total.
Re: eBay commission & payment changes
I switched to this a number of weeks ago. The advantage is the money was in my account days after the sale rather than settling up a month later.
Commission, well that is what it is and has to be considered. I normally never list unless it’s an offer.
Commission, well that is what it is and has to be considered. I normally never list unless it’s an offer.
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- Ride-sleep-repeat
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Re: eBay commission & payment changes
Ebay and Paypal has become a quite expensive way to sell privately.
I now use Facebook Marketplace to sell cycling bits.No commision/fees.
I now use Facebook Marketplace to sell cycling bits.No commision/fees.
- simonineaston
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Re: eBay commission & payment changes
Good Tip - I'll give it go.I now use Facebook Marketplace to sell cycling bits.No commision/fees.
S
(on the look out for Armageddon, on board a Brompton nano & ever-changing Moultons)
(on the look out for Armageddon, on board a Brompton nano & ever-changing Moultons)
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Re: eBay commission & payment changes
My first payment direct to bank net of fees is on its way. Seems fine.
PayPal OTOH has frozen my account without notice or explanation as I am at their 2500 Euro lifetime transaction limit and demanded Photo ID. I assumed their email (to a legacy email address) was a phishing attack and ignored it. Hard to like, PayPal IME.
PayPal OTOH has frozen my account without notice or explanation as I am at their 2500 Euro lifetime transaction limit and demanded Photo ID. I assumed their email (to a legacy email address) was a phishing attack and ignored it. Hard to like, PayPal IME.
- Ride-sleep-repeat
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Re: eBay commission & payment changes
I use Yorkshire Cycling sales on FB.simonineaston wrote: ↑28 Apr 2021, 9:21amGood Tip - I'll give it go.I now use Facebook Marketplace to sell cycling bits.No commision/fees.
I'm sure each area will have their own group if you do a search.
- NATURAL ANKLING
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Re: eBay commission & payment changes
Hi,
EBay as a vast worldwide selling and buying platform.
Do any other methods match that?
https://www.moneysavingexpert.com/news/ ... ping-fees/
"Existing system. When an item sells, eBay charges a flat 10% of the sale price, including postage. PayPal's cut is 2.9% of the final amount, including postage, plus 30p for each transaction.
So sell something for £10, plus £3 delivery, and eBay will take £1.30 while PayPal takes 68p. This leaves you with £11.02.
Alternatively, sell something for £100, plus £2.50 delivery, and eBay will take £10.25 while PayPal takes £3.27. This leaves you with £88.98.
New system. eBay will charge a final value fee of 12.8%, including delivery, plus 30p per order, while PayPal will be cut out of the equation. This means you'll be fractionally better off.
So take your £10 sale, plus £3 delivery, and eBay will take £1.96, leaving you with £11.04.
Alternatively, sell something for £100, plus £2.50 delivery, and eBay will take £13.42, leaving you with £89.08."
Can't see how that will break the bank?
EBay as a vast worldwide selling and buying platform.
Do any other methods match that?
https://www.moneysavingexpert.com/news/ ... ping-fees/
"Existing system. When an item sells, eBay charges a flat 10% of the sale price, including postage. PayPal's cut is 2.9% of the final amount, including postage, plus 30p for each transaction.
So sell something for £10, plus £3 delivery, and eBay will take £1.30 while PayPal takes 68p. This leaves you with £11.02.
Alternatively, sell something for £100, plus £2.50 delivery, and eBay will take £10.25 while PayPal takes £3.27. This leaves you with £88.98.
New system. eBay will charge a final value fee of 12.8%, including delivery, plus 30p per order, while PayPal will be cut out of the equation. This means you'll be fractionally better off.
So take your £10 sale, plus £3 delivery, and eBay will take £1.96, leaving you with £11.04.
Alternatively, sell something for £100, plus £2.50 delivery, and eBay will take £13.42, leaving you with £89.08."
Can't see how that will break the bank?
NA Thinks Just End 2 End Return + Bivvy - Some day Soon I hope
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Please forgive the poor Grammar I blame it on my mobile and phat thinkers.
You'll Still Find Me At The Top Of A Hill
Please forgive the poor Grammar I blame it on my mobile and phat thinkers.
- Ride-sleep-repeat
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Re: eBay commission & payment changes
Whilst it won't break the bank,and I regularly buy from ebay,both ebay and Paypal are multi-million(billion?) Dollar companies and I'd rather keep the 13%!NATURAL ANKLING wrote: ↑28 Apr 2021, 1:36pm Hi,
EBay as a vast worldwide selling and buying platform.
Do any other methods match that?
https://www.moneysavingexpert.com/news/ ... ping-fees/
"Existing system. When an item sells, eBay charges a flat 10% of the sale price, including postage. PayPal's cut is 2.9% of the final amount, including postage, plus 30p for each transaction.
So sell something for £10, plus £3 delivery, and eBay will take £1.30 while PayPal takes 68p. This leaves you with £11.02.
Alternatively, sell something for £100, plus £2.50 delivery, and eBay will take £10.25 while PayPal takes £3.27. This leaves you with £88.98.
New system. eBay will charge a final value fee of 12.8%, including delivery, plus 30p per order, while PayPal will be cut out of the equation. This means you'll be fractionally better off.
So take your £10 sale, plus £3 delivery, and eBay will take £1.96, leaving you with £11.04.
Alternatively, sell something for £100, plus £2.50 delivery, and eBay will take £13.42, leaving you with £89.08."
Can't see how that will break the bank?
I would rather spend my accumulative 13%s in my local economy thank you very much!
- Ride-sleep-repeat
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Re: eBay commission & payment changes
From 31 may 2021 ebay will be paying money from sales direct into the sellers Bank account.
So regardless of how a buyer pays the seller will receive payment direct,Fees and expenses will be deducted before you get paid and the remainder of your eBay earnings will go directly to your bank account, not your PayPal account.
Your eBay selling fees will be automatically deducted from your earnings at the time of sale. No more PayPal payment processing fees.
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Re: eBay commission & payment changes
And lose all of PayPal’s protection ...
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Re: eBay commission & payment changes
PayPal has had my personal info for 2 weeks and still has not reinstated my ability to use it. I'm getting close to telling them to close the account permanently. It's a great business model, executed really badly, I think.Bonefishblues wrote: ↑28 Apr 2021, 9:35am My first payment direct to bank net of fees is on its way. Seems fine.
PayPal OTOH has frozen my account without notice or explanation as I am at their 2500 Euro lifetime transaction limit and demanded Photo ID. I assumed their email (to a legacy email address) was a phishing attack and ignored it. Hard to like, PayPal IME.
- Ride-sleep-repeat
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Re: eBay commission & payment changes
My thoughts too but can ebay withdraw a payment from a bank account once it's landed?
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Re: eBay commission & payment changes
Direct debit guarantee so you can claw it back.Ride-sleep-repeat wrote: ↑9 May 2021, 3:33pmMy thoughts too but can ebay withdraw a payment from a bank account once it's landed?
Re: eBay commission & payment changes
eBay are asking for my date of birth in order to use their "managed payments" system. If I don't give it then I won't be able to sell on eBay anymore. They say it is required by Govt law. U.S. Govt or UK Govt? Probably to combat money laundering but could be used by HMRC I guess as an income check.I'm against money laundering and tax evasion but I'm uncomfortable with giving eBay my date of birth in case they get hacked etc.
Re: eBay commission & payment changes
Doesn’t have to be your DoB does it?
A valid one will do.
A valid one will do.
Whatever I am, wherever I am, this is me. This is my life
https://stcleve.wordpress.com/category/lejog/
E2E info
https://stcleve.wordpress.com/category/lejog/
E2E info