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Unable To List On Ebay Unless I Sign Up For Managed Payments

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Posted 07/08/2020   7:05 pm  Show Profile Check KGV Collector's eBay Listings Bookmark this reply Add KGV Collector to your friends list  Get a Link to this Reply

Quote:
Hate to repeat, but.. any input from anyone with knowledge of all this as to whether I would have to enroll for this to sell a few items monthly?

I've tried on my own to research this and can't seem to find answers.


This change is from eBay through managed payments. It is a new option for buyers. All listings will be effected. Even if you only have 1 item to list. eBay wants to take total control over all purchases just like they had when pay pal was a part of eBay. They are basically taking total control again by replacing pay pal to a brand new financial player. eBay wants everyone to join their new......but buyers still have a choice to pay how they want to pay hopefully.

Wonder if you can still choose the manner in which the seller can list how payments will happen with their listings?
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Posted 07/08/2020   7:36 pm  Show Profile Bookmark this reply Add mootermutt987 to your friends list  Get a Link to this Reply

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eBay wants to take total control over all purchases just like they had when pay pal was a part of eBay. They are basically taking total control again by replacing pay pal to a brand new financial player.


I was going to add something like this to my earlier post. My recollection was that eBay split off Paypal due to anti-trust 'worries'. What has changed? Perhaps the political climate is more conducive to letting businesses get away with more than a few years ago? I am not trying to start a political (banned) talk on the forum, but my question really does beg for an answer.
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Posted 07/08/2020   8:42 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
It has nothing to do with politics. It is a business decision.
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Posted 07/08/2020   9:04 pm  Show Profile Check 51studebaker's eBay Listings Bookmark this reply Add 51studebaker to your friends list  Get a Link to this Reply
If we could wave a magic wand and transfer all of the philatelic listings from eBay to HipStamp, does anyone think that HipStamp's current infrastructure and support employees would be able to handle the growth without an accompanying significant increased costs? And if so, then would not HipStamp pass these costs on to the sellers? If HipStamp enjoyed the same market share that eBay currently enjoys, would they take advantage of it and increase their own margin? (It is a common business online plan to start the company at a loss or no margin until you develop traffic and market share. Once you achieve a significant market share you then increase your margins.)
Don
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Posted 07/08/2020   11:12 pm  Show Profile Bookmark this reply Add gmot to your friends list  Get a Link to this Reply
Well considering Hipstamp takes 8.95% commission if their sales magically increased in that manner, they'd have a lot more money to meet those increased running costs.

Your second point is well stated - eBay is the 800-pound gorilla in the realm of online collectibles selling in North America, and can throw its weight around by forcing sellers into the payment system they want. They obviously have worked out a good deal with Ayden payment processing for revenue sharing that makes them more $$ then sticking with Paypal. The "customer experience" and pain caused to sellers is immaterial to them.
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Posted 07/09/2020   12:14 pm  Show Profile Bookmark this reply Add dutchman1948 to your friends list  Get a Link to this Reply
Many stamp sellers already list on both eBay and Hipstamp.

eBay must not be getting enough people on the bandwagon as they are now paying sellers to join.

Their biggest enemy is themselves. It is impossible to get any direct information on the program without being enrolled.

Fortunately some sellers on the .com boards that are enrolled are giving out any information they can.

There are also many categories yet than MP does not support and no idea when they will or people listing on 2 sites in different currencies.
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Edited by dutchman1948 - 07/09/2020 12:14 pm
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Posted 07/09/2020   1:35 pm  Show Profile Bookmark this reply Add dutchman1948 to your friends list  Get a Link to this Reply
One small addition, they sort of support listing on 2 sites in 2 currencies, but other than your registered currency, all other payouts will be subject to a 3% conversion fee and deposited into your registered account.
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Posted 07/10/2020   3:55 pm  Show Profile Bookmark this reply Add dutchman1948 to your friends list  Get a Link to this Reply
If anyone with a store is interested and wants to compare what they have been paying and what they will pay with MP if they have a store.

The MP cost will be 8.5% on the 1st $2500 and 2.35% on anything over $2500 plus 30 per transaction.

An that is on the total of the sale including price, shipping, and sales tax
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Edited by dutchman1948 - 07/10/2020 3:58 pm
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Posted 07/11/2020   8:40 pm  Show Profile Check rlsny's eBay Listings Bookmark this reply Add rlsny to your friends list  Get a Link to this Reply
This is not correct. They changed things a bit since pricing was first announced. They are not charging a percentage on the tax collected.
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Posted 07/11/2020   10:54 pm  Show Profile Check cfrphoto's eBay Listings Bookmark this reply Add cfrphoto to your friends list  Get a Link to this Reply

Quote:
This is not correct. They changed things a bit since pricing was first announced. They are not charging a percentage on the tax collected.


It appears that the new eBay fees will be imposed on the sale price plus tax and shipping if charged separately. I have been incarcerated in Managed Payments for more than a year and I monitor the Managed Payments forum closely. There is nothing to indicate that sales tax will be excluded. While many sellers have complained about including sales tax, that has not changed. When sellers collected sales tax for in-state sales, PayPal fees applied to the entire amount collected by the seller. When eBay started collecting sales tax as a Market Facilitator, sellers started to notice. What really happened is that prices realized have declined by roughly the amount of the sales tax. Now sellers face a double whammy. Total sales have declined by the approximate amount of the sales tax while fees as a percentage of sales has increased. Looked at another way, seller fees for a sale of $100 have risen by the average sales tax percentage. The result is that the states get more, eBay keeps the same amount and sellers get less.

The next problem is that sellers will no longer see the sale price in payouts. Combined final value and payment processing fees will be deducted from payments. While it is true that eBay invoices will shrink, it is not clear that eBay will offer sellers tools or resources to track sales, eBay deductions, payouts and tax collected on behalf of the seller. While most sellers will stumble into correct income based on cash received, expenses may be incorrect and seller income reported will be lower than 1099 amounts.
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Edited by cfrphoto - 07/11/2020 10:57 pm
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Posted 07/12/2020   10:27 am  Show Profile Check rlsny's eBay Listings Bookmark this reply Add rlsny to your friends list  Get a Link to this Reply
The new CEO said otherwise. I was also told specifically by eBay that taxes would not be included in the final value fee portion of the calculation. Maybe they both lied as I haven't seen it documented yet but it is what I was explicitly told.
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Edited by rlsny - 07/12/2020 11:02 am
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Posted 07/12/2020   1:15 pm  Show Profile Check cfrphoto's eBay Listings Bookmark this reply Add cfrphoto to your friends list  Get a Link to this Reply

Quote:
Managed payments sellers: Beginning July 18, 2020, the new fee structure for managed payments sellers will start to take effect. Please refer to our Selling fees for managed payments sellers article (only available for eligible, registered, or activated managed payments sellers) for information on the new fees and when they will apply to your account.


"Documentation is available but not to you", a paraphrase from an old DEC PDP-6 error message. Fees are fully documented on a private message board to eBay sellers already incarcerated in Managed Payments. The subject has been extensively discussed. Unfortunately, incarcerated sellers are not allowed to share. Sorry. It is unfortunate that eBay has chosen to include sales tax amounts in fee calculations, especially since sellers never see the money and eBay accounting is inadequate. Sellers not incarcerated in Managed Payments do not pay final value fees on sales tax, but PayPal fees are collected on the total paid by the buyer, including sales tax.
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Edited by cfrphoto - 07/12/2020 1:15 pm
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Posted 07/12/2020   3:35 pm  Show Profile Check 51studebaker's eBay Listings Bookmark this reply Add 51studebaker to your friends list  Get a Link to this Reply
Incarcerate - "confinement in a jail or prison : the act of imprisoning someone or the state of being imprisoned"

How can the term 'incarcerate' be used when participation on eBay is voluntary?
Don
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Posted 07/12/2020   11:06 pm  Show Profile Check Battlestamps's eBay Listings Bookmark this reply Add Battlestamps to your friends list  Get a Link to this Reply
From an ecommercebytes article from May 9th, 2020:

" eBay Changes the Per-Transaction Fee
When eBay first announced Managed Payments, it said it would not charge a per-transaction fee, unlike PayPal, which charges a 30-cent per transaction fee. Then eBay changed Managed Payments fees to institute a 25-cent per listing fee. That meant a seller who sold multiple quantities of an item in a single listing would pay far more than other payment processors charge, and for some sellers, resulted in much higher costs.

With last week's messaging, eBay said it was moving to the industry-standard 30-cent per transaction processing fee."

Can anyone roped into the program confirm this is true?
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Edited by Battlestamps - 07/12/2020 11:07 pm
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Posted 07/13/2020   12:26 am  Show Profile Check cfrphoto's eBay Listings Bookmark this reply Add cfrphoto to your friends list  Get a Link to this Reply

Quote:
With last week's messaging, eBay said it was moving to the industry-standard 30-cent per transaction processing fee."


Yes, the 30 cent per-transaction fee will replace the 25 cent per-item fee. Sellers who signed up for the program before June 2019 were "grandfathered" and did not pay the 25-cent fee. They will also pay 30 cent fee when it starts next week. Buyers who pay separately for items in a multi-item order will cost sellers 30 cents for each item ordered separately. This behavior is bug-wise compatible with Pay Pal.

Don, since signing up for Managed Payments is a one-way ticket to accounting chaos for sellers, I regard it as equivalent to incarceration for those who rely on eBay for part or all their income. Unlike PayPal transaction reports which can be imported into Excel and converted to information in a couple of hours, processing eBay reports requires multiple downloads, painful imports into Excel and a SQL-like join to merge Orders and Payouts data, not to mention the need to remove duplicates. More troubling is presenting data at two levels of granularity, orders and listings with single-item order rows serving as both. Few sellers have the necessary skills or time to convert the reports to useable data. The eBay API has not kept pace and missing data has made it all but impossible for third-party applications to capture complete, or even clean data.
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