EBAY Payment Change:

[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 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.

I have not read yet the requirements for the eBay payment service. I do know that it is in beta testing.


Jeff

[toledo_mudhen]

I also assume that the seller fees on receiving the payment will still be there (or increased).


Credit Card on File is probably the absolute easiest way for eBay to process a payment (not much programming there).


There has never been a better time for one (or more) of you "smart" guys to set up the next big online auction site (IBay?).

[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