Now what is ebay doing??????????????

[ibuysportsephemera]

This makes a lot of sense for eBay. The main way I get contact information from my buyers is through the paypal transaction. If eBay is handling the payment process, you will only know the address and the name of the buyer but not email and phone information.

If eBay isn't too greedy, it could help sellers by charging less than paypal for payment processing. I guess this is wishful thinking.

Jeff

[conor912]

Originally Posted by ibuysportsephemera

If eBay isn't too greedy, it could help sellers by charging less than paypal for payment processing. I guess this is wishful thinking.

Jeff

Thanks for the good laugh

[ibuysportsephemera]

Originally Posted by conor912

Thanks for the good laugh

Thanks Conor...I did have difficulty typing that sentence.

Jeff

[Leon]

Originally Posted by ibuysportsephemera

Thanks Conor...I did have difficulty typing that sentence.

Jeff

There will be a co-announcement of less processing fees and higher sales fees.

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[samosa4u]

Originally Posted by ibuysportsephemera

This makes a lot of sense for eBay. The main way I get contact information from my buyers is through the paypal transaction. If eBay is handling the payment process, you will only know the address and the name of the buyer but not email and phone information.

THIS is the reason why they are doing this. They lose millions and millions of dollars each year because people find ways to do transactions outside of eBay (through Paypal). They have been trying to find ways to put a stop to this, but have had little success in doing so. They threaten their users, send out warnings, etc., but a lot of people still keep doing it. They now realized that the only way to put a complete stop to it is by distancing themselves from Paypal, and this is exactly what they are doing.

Obviously, they are not going to write anything like this in their emails. Instead, they use the same old language again, such as "we believe this will help sellers reach more customers around the world" or "we believe that in doing so, sellers will better manage their ... blah, blah, blah ... " You always have to read between the lines.

[cardsnstuff]

Today, PayPal is worth $102 billion; eBay is valued at $42 billion.

If this true; and I was paypal; I would just buy out ebay

[darwinbulldog]

Originally Posted by cardsnstuff

If this true; and I was paypal; I would just buy out ebay

Good luck to them. I've already set a snipe for $39 billion.

[savedfrommyspokes]

Originally Posted by ibuysportsephemera

This makes a lot of sense for eBay. The main way I get contact information from my buyers is through the paypal transaction. If eBay is handling the payment process, you will only know the address and the name of the buyer but not email and phone information.

If eBay isn't too greedy, it could help sellers by charging less than paypal for payment processing. I guess this is wishful thinking.

Jeff

A new in house payment processing system will certainly help ebay with sellers obtaining their new customers contact info. However, over half of my transactions as a seller are with existing customers, so, if I chose to do so, I would be able to contact all but my "new" customers once this new system is in place.

Also, many sellers already send out their "off-ebay" contact info with each order they mail out....they advertise their contact info and/or their off-ebay (fee free) site as well as encourage off-ebay contact for better pricing than can be offered on ebay. This will always be impossible for ebay to police.

I think the main reason that ebay is doing this is for the fees that they will soon collect....for many years, paypal greatly lifted eBay's profit, so now they want a slice of that profit again without the paypal overhead. The 30 cent transaction fee that is charged on each payment is 100% profit on each payment received. I received almost 1000 payments last month, $300 straight profit for paypal.

[Leon]

Originally Posted by savedfrommyspokes

A new in house payment processing system will certainly help ebay with sellers obtaining their new customers contact info. However, over half of my transactions as a seller are with existing customers, so, if I chose to do so, I would be able to contact all but my "new" customers once this new system is in place.

Also, many sellers already send out their "off-ebay" contact info with each order they mail out....they advertise their contact info and/or their off-ebay (fee free) site as well as encourage off-ebay contact for better pricing than can be offered on ebay. This will always be impossible for ebay to police.

I think the main reason that ebay is doing this is for the fees that they will soon collect....for many years, paypal greatly lifted eBay's profit, so now they want a slice of that profit again without the paypal overhead. The 30 cent transaction fee that is charged on each payment is 100% profit on each payment received. I received almost 1000 payments last month, $300 straight profit for paypal.

Probably gross profit . All anyone ever has to do to answer any question about a for-profit business decision is to say "money." They most often call it something else. It's America.

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