eBay’s Authenticity Guarantee Program Delays

[jchcollins]

Originally Posted by bcbgcbrcb

I realized today that it has all to do with the recent change to eBay’s funds availability policy for sellers. It’s in eBay’s best interests the longer the delivery process takes to ultimately reach the buyer since they hold those funds now until 3 business days after the delivery of the item to the buyer has been confirmed. That means at least an extra couple of weeks for eBay to keep those funds in their account and earn interest on it. That’s millions of customers doing millions of transactions a day times all of that additional float time on that money. This can be more lucrative for eBay than their 13.9% fee structure. The question is, how do we stop it?

Not true, at least not for everything. When has eBay ever held funds for "weeks" as a part of their regular process?

I sold a card Saturday, got it in the mail technically because we have a mall post office that is open on the weekends. But it won't get into the system until today likely, and won't probably be delivered until later this week. I got a notification of my payout this morning.

[bcbgcbrcb]

John:

Read the accompanying thread regarding e-bays funds avaiability policy change.

[Rich Klein]

"I can see an aggressive company such as Fanatics doing this"

Note to Val and others

as an FYI There is already Fanatics Live which is why EBay is pushing their sports collectible live streams

https://www.fanatics.live/home

And at least a weekly Fanatics auction

https://www.fanaticscollect.com/week...on?type=WEEKLY

They are already doing this

Regards
Rich

[jchcollins]

Originally Posted by bcbgcbrcb

John:

Read the accompanying thread regarding e-bays funds avaiability policy change.

I did; interesting.

This hasn’t yet affected me on eBay, but I’m selling usually smaller stuff (under $200).

This and the larger trend of tax scrutiny (or at least flirting with it…) are discouraging to me and why by and large I’m planning to get completely out of the selling game soon.


Sent from my iPad using Tapatalk

[bnorth]

Originally Posted by jchcollins

Not true, at least not for everything. When has eBay ever held funds for "weeks" as a part of their regular process?

I sold a card Saturday, got it in the mail technically because we have a mall post office that is open on the weekends. But it won't get into the system until today likely, and won't probably be delivered until later this week. I got a notification of my payout this morning.

eBay is testing a few different payment policies now. It just depends on what one(s) they are testing on you. Even the seller selecting "immediate payment required" for BIN listings doesn't matter. In some cases they still give you the new(to me) pay in up to 7 days option.

[ValKehl]

Rich, thanks for your comments. I'm basically aware of Fanatics Live and the weekly Fanatics auctions. My thought is that Fanatics' goal is (or should be) to completely take away the sports collectibles business from eBay by doing it much better than eBay.

[rand1com]

Very unlikely to happen!!

[ValKehl]

Originally Posted by rand1com

Very unlikely to happen!!

Randy, I realize that this won't happen next week, next month or probably even next year. eBay has been "king of the hill" for a long time now. But, in my 82 years on this earth, I've seen many king-of-the-hill companies decline greatly or completely fall by the wayside. For one example, I remember when Kmart was the king of the hill.

[rand1com]

Originally Posted by ValKehl

Randy, I realize that this won't happen next week, next month or probably even next year. eBay has been "king of the hill" for a long time now. But, in my 82 years on this earth, I've seen many king-of-the-hill companies decline greatly or completely fall by the wayside. For one example, I remember when Kmart was the king of the hill.

That is true. But many sellers/buyers will have no desire to deal with Fanatics, Probstein, or whoever. Of course, I could be very wrong!

[Eric72]

Originally Posted by bnorth

eBay is testing a few different payment policies now. It just depends on what one(s) they are testing on you. Even the seller selecting "immediate payment required" for BIN listings doesn't matter. In some cases they still give you the new(to me) pay in up to 7 days option.

I don’t understand what you’ve written. Do you mean that a buyer can hit “immediate payment required” BIN listings and wait days to make payment? That makes no sense to me. Where does eBay explain this? I’d love to read their explanation; please post a link.

[bnorth]

Originally Posted by Eric72

I don’t understand what you’ve written. Do you mean that a buyer can hit “immediate payment required” BIN listings and wait days to make payment? That makes no sense to me. Where does eBay explain this? I’d love to read their explanation; please post a link.

Don't have a link and sure am not looking for one. Just giving you my personal experience from buying/selling on eBay.

Do they have you on the newish pay in up to 7 days program?

In my experience it lets you buy stuff from sellers that require immediate payment and pay later. I am guessing this is because when you pick the payment option it is automatically charged to your account when that time comes up and you are agreeing to pay it.

[Eric72]

Originally Posted by bnorth

Don't have a link and sure am not looking for one. Just giving you my personal experience from buying/selling on eBay.

Do they have you on the newish pay in up to 7 days program?

In my experience it lets you buy stuff from sellers that require immediate payment and pay later. I am guessing this is because when you pick the payment option it is automatically charged to your account when that time comes up and you are agreeing to pay it.

No, eBay doesn't have me on a "pay in up to 7 days program."

What you've described sounds a little like like financing; perhaps a "grace period" extended to certain buyers.

There was a widespread problem with eBay recently. A day or two before a "big game" took place, buyers would hit BIN on a quarterback's rookie card or something similar. They wouldn't pay, of course. They'd wait until after the game. If the player did great (read, their cards would increase in value) then they would pay. If not, they would cancel and not pay.

It was a headache, one that eBay took care of with the "immediate payment required" option.

I have thousands of eBay listings with that option enabled. I just listed an item this afternoon and the option was still available to be chosen. I can't believe eBay would do what you're saying without notifying people.

I don't think you're being malicious; however, I doubt the veracity of your claim. If I'm wrong, I apologize.

If anyone has a link to eBay which supports what Ben has written, please post it.

[Eric72]

Originally Posted by bnorth

eBay is testing a few different payment policies now. It just depends on what one(s) they are testing on you. Even the seller selecting "immediate payment required" for BIN listings doesn't matter. In some cases they still give you the new(to me) pay in up to 7 days option.

To be clear, this is the part of Ben's comments that I disagree with.

[bnorth]

Originally Posted by Eric72

To be clear, this is the part of Ben's comments that I disagree with.

I went back and looked at my eBay purchases and weirdly I only got the pay later option if the seller combines shipping. The new pay options eBay gives me is auto pay in 1 hour or auto pay in 7 days. I have got this payment option from a seller I have always had to instantly pay when hitting their BINs before.

[Eric72]

Originally Posted by bnorth

I went back and looked at my eBay purchases and weirdly I only got the pay later option if the seller combines shipping. The new pay options eBay gives me is auto pay in 1 hour or auto pay in 7 days. I have got this payment option from a seller I have always had to instantly pay when hitting their BINs before.

It’s possible they only have immediate payment set up on some items and not on others. The option can be toggled on and off for each item. Sellers aren’t forced into an all-or-nothing choice.

Combined shipping is usually not available on immediate payment items. Sellers (Greg Morris, for example) allow buyers to buy multiple items across multiple days and pay all at once.

No matter how it shakes out, this in an interesting discussion. Thanks for sharing what you’ve experienced.