Will sellers continue to sell on Ebay under the new EBAY MANAGED PAYMENTS??

[bcbgcbrcb]

As a retired 30+ year finance guy, I can tell you that the real profits going to e-bay with this new set-up will be the float time on the money that they collect instantly from the buyer and hold for 3-5 days until they deem the funds ready to deposit into the seller's bank account. Take those numbers times the tens/hundreds of millions of buyers and sellers and that's where e-bay is making the real money. The .001 or whatever fees you are saving as a seller is vastly negligible when compared to those profits that they will be enjoying.

Like many others, I'm not in favor of the new set-up at all but have to live with it. Etsy isn't really a reasonable alternative, is it? lol

[x2drich2000]

Sigh, all I have to add is I miss grandslambids (edit: FYI, ummm, don't try to go to the site anymore, especially at work )

[ibuysportsephemera]

So of course I just received an email from eBay concerning managed payments. It starts "Welcome to Managed Payments".....like I had a choice .

Jeff

[bobbyw8469]

Originally Posted by ibuysportsephemera

So of course I just received an email from eBay concerning managed payments. It starts "Welcome to Managed Payments".....like I had a choice .

Jeff

LOL...You have a choice alright...don't sign up. That is the choice I am grappling with now.

[ibuysportsephemera]

Originally Posted by bobbyw8469

LOL...You have a choice alright...don't sign up. That is the choice I am grappling with now.

No real choice Bobby if you want to sell on eBay. All sellers eventually will have to be on managed payments.

Jeff

[egbeachley]

Originally Posted by bcbgcbrcb

As a retired 30+ year finance guy, I can tell you that the real profits going to e-bay with this new set-up will be the float time on the money that they collect instantly from the buyer and hold for 3-5 days until they deem the funds ready to deposit into the seller's bank account. Take those numbers times the tens/hundreds of millions of buyers and sellers and that's where e-bay is making the real money. The .001 or whatever fees you are saving as a seller is vastly negligible when compared to those profits that they will be enjoying.

This won’t accumulate enough to be a rounding error. Based on the sales price it adds only about 0.01% more to earnings after already making 10.00% in Final Value Fees. That’s 1/100th of a percent more. Calculated as 1% overnight interest rate times 3-4 days divided by 365 days in a year. Doesn’t even consider the loss of a day until they receive payment and loss of another day when they process the ACH the day before the seller receives payment.

Float Income basically doesn’t exist anymore.