eBay sits on the money for several days, then they take out their fees and send the remaining money to the buyers account which takes another several days.Ģ) When you make a sale and it's time to ship, you will not have yet received any money from the sale.ģ) Although you can't use your PayPal account to receive the funds from sales, you have to use PayPal to pay for the shipping labels through eBays system. It's also the only one that has the feedback rating that I am aware of allowing buyers and sellers to know a persons past transaction success.Ī few points on the new managed payments program.ġ) PayPal will still be allowed for buyers however, the payment goes to eBay not the seller. There's no other site that has the exposure as eBay unfortunately. Well, that changes everything and also explains why sellers, particularly outside the U.S., are quite candid in expressing their dissatisfaction with PayPal and the fees they charge for currency conversions - and encourage bank wire transfers instead. F****** !!! I know several other coin-only sellers who got called also. Did a little research and found out that I'd be blocked from selling coins, which is the only thing I sell on eBay. I got a call from them telling me of the low rates and to switch right away. Not only did eBay not tell coin sellers that they would be locked out of selling, but they actually encouraged them to switch. ![]() One giant roller coaster ride that beats the Cyclone in New York's Coney Island. "When eBay manages the end-to-end payment experience."Ĭome to think of it that experience approximates the sensation one feels when driving North from Jackson on Hway 49 to Yazoo City, MS. But you've got to love this creative line, and I quote: This issue was brought up on another thread recently and I didn't pay it no mind figuring it will all be sorted out eventually. F****** insufficiently_thoughtful_persons!!! I know several other coin-only sellers who got called also.Īctually there are a number of items that are not allowed to be sold under the new system, here is a link to those as listed by ebay. I was flat out told that PayPal will not be available to use once they are fully switched over to managed payments. Same way you buy on Amazon from an independent seller, but Amazon handles the payment processing. They don't want an outside entity getting a cut to process the payment, so eBay will begin handling them. Managed payments will soon be eBay processing your credit card or debiting your bank account. ![]() Sellers of coins and paper money should have been notified and have the option of not switching over to the new managed payments until this could be sorted out. The issue as I recall, is that whomever ebay is using to manage these payments has an issue with accepting payments for money, coins or paper money. Managed payments allows for more ways to pay such as apple pay and google pay and it still includes paypal as a payment option. I never thought I would live long enough to see someone post a question like that. At my advanced age, I will likely wind up giving away my treasures to some wide-eyed children and divesting myself of an organized collection with the assistance of an auction house. ![]() ![]() The high cost of postage and all that it entails, has obliterated profit margins and put a real damper on those who would pursue a hobby with some measure of satisfaction. Why would you? The problem has gotten so tedious what with registering requirements and paperwork that the average person will take the path of least resistance and resort to selling their goods (raw coins and refined antiques) at a deep discount to roadside yard selling stands and dealers. Do you know the sales tax for each of the fifty states? Of course not. I am going to go out on a limb here and suggest the problem with selling them started with misrepresentations being made aggravated by poor photography, switcheroos, unsuspecting consumers (many with inadequate grading knowledge) deceitful sellers, outright thieves, problems with returns, hour-long waits to speak to the single available teenager tasked with resolving PayPal disputes using inadequate logarithms from Nebraska - and the collection now of sales tax.
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