EBAY Payment Change:

[clydepepper]

I don't know if you all are aware of this:

One of the sellers I use the most sent this announcement to me:

Starting sometime in September (TBD) we will NOT be accepting Paypal payments. Instead we are moving to ebay s new payment method, where you would upload your Credit Card/Debit/Gift Card information through ebay, and send your payment that way.

We wanted to give our customers a heads up, because we understand this is a change and sometimes change is hard. But this change will become permanent once ebay and Paypal send their relationship.


I have heard nothing officially from either EBAY or Paypal about this.

[Brian Van Horn]

I clicked on this post with all of the joy of picking up a live hand grenade with the pin pulled. I'll pass on this if I can.

[bnorth]

I rarely buy on eBay but I noticed the credit card option last night. Not sure how long it has been there.

[ibuysportsephemera]

This has been in the works for many many months now. Eventually the only way to pay will be eBay's own payment service.

Jeff

[Jobu]

Not sure about this - wasn't PayPal fully owned by eBay for a long time and eBay decided to split them off? (i.e., they already had their own payment service)

I assume this change is being made to eliminate Paypal as a potential avenue for a buyer & seller to contact each other outside of Ebay.

Originally Posted by ibuysportsephemera

This has been in the works for many many months now. Eventually the only way to pay will be eBay's own payment service.

Jeff

[icollectDCsports]

Will the new payment system require buyers to link to a verified bank account, or will you be able to run it solely through a credit card? Thanks in advance for any more specifics on how this will be set up.

[ibuysportsephemera]

Originally Posted by Jobu

Not sure about this - wasn't PayPal fully owned by eBay for a long time and eBay decided to split them off? (i.e., they already had their own payment service)

I assume this change is being made to eliminate Paypal as a potential avenue for a buyer & seller to contact each other outside of Ebay.

Correct on both points. After eBay and Paypal split, there was an agreement that for a number of years they would continue to do business together. That time has now expired and eBay is implementing their own payment service.


Jeff

[Nonsensename1]

I am not sure if this is a good move for buyers or sellers, but this is a no brainer for eBay.

They no doubt have equity in the new processor and will jump start that business. PayPal’s market cap is twice ebays and since the split they gave a chance to use their platform to leverage their base to build up another platform. They are trying to replicate the value creation their platform provides.

The recode article is the best, concise explanation of it.


Sent from my iPad using Tapatalk

[clydepepper]

This will surely be the death of PFF

… those revenues previously lost, will now go into EBAY's greedy little fingers!


Guess I'll start taking personal checks on BST...

[mainemule]

...anyone know what shipping methodology will be in play? Paypal shipping is so easy to use.