Ebay switching to a new payment processing system - Good for sellers?

Don't they own PayPal?
I'm confused

 

Not anymore. They split in 2015.

PayPal will still be an option for sellers and buyers (for now), but it won't be pushed as the primary checkout method. Eventually (assumed), PayPal will be dropped as an option.

 

I used to love eBay...

 

I still use ebay but not like i used to. One reason is more and more sellers won’t ship to a PO box and we don’t get home delivery of mail. I still have a store and run stuff through it enough to justify the cost of keeping it but i doubt that will continue after we move.

 

EBay to Ditch PayPal for Dutch Processor Adyen; PayPal Drops

my enthusiasm for ebay changing their long-term, u.s. based processor, paypal, is pretty low. i've dealt with a few processing companies in the EU, and their customer service wasn't as speedy - a couple took 24 hours or more for each replay, and two took weekends off, which i'm not for if there's a real problem with money on my end. and non-u.s. processors have had issues dealing with the u.s., so that a couple of them have folded up shop because the u.s. regs are difficult and always changing.

plus wouldn't charging lower fees mean either lowered paid support reps or less support reps overall?

also by now paypal is a very known quantity to many including myself. are they perfect? no, they're not, but overall i've been happy with their support, speed with which i get paid and other stuff, as well.

thoughts?

 

Hmm, the switch isn’t until 2023, who knows maybe something will come along to replace EBay. Stranger, unforeseen things have happened.

 

It sucks having to add card details and get verified etc. etc. again and again

 

I don't sell things, so I have never paid PayPal fees. What rates do they charge?

I have always had the impression that they charged similar rates to Credit Card companies, and yet they don't extend credit.

Perhaps this will be a net improvement.

 

@charlie monroe - PayPal does extend credit. 3% fee to sellers.

 

So they don't just transfer money? They have joined the Shylock's?

Thanks for the response.

 

How’s eBay doing in general, though? I feel like back in the day it was sort of amazing that you might find *anything,* there, but with the wealth of online vendors consumers have access to now, the whole bidding war concept has started to feel like just kind of a hassle.

--^@

 

the switch isn't complete till then, but they are working the new processor in sooner. i'll be using paypal for my purchases during the switchover. then i'll be probably be buying elsewhere.

ebay has moved away from the wildly eclectic place it once was, but i find a lot of deals there and some odd stuff. i recently got the exact drum rack i wanted, usually selling for around $100 to $125 used complete with over $100 worth of hardware (new the hardware would have been about $250) that doesn't usually come with it used for $100 shipped. but i also buy new stuff there from samy's camera, used stuff at great deals from keh camera, protein powder, camera lenses and so on. and for stuff like jewelry supplies, you can get charms, chains and more direct from china for less than 25% of what you would pay in a craft supply store for the exact same items.

and that's before we get to the B stock basses and guitars i've bought there including my green mikro and my fender modern player dimension bass. i bought my last drum module there, lots of cables and the list just keeps going...

 

This is my thought as well. I can't think of the last time I bought anything from eBay, but I buy a lot of used stuff from Amazon or more product-specific sites like Reverb or here.

 

I believe PayPal branched off from eBay a couple years ago and became their own separate independent company.

 

the pencil sounds like a cool find. was it the way you remembered it?

my husband collects old locks, and ebay followed by etsy are his two most successful places to find 'em, although he prefers buy now to bidding.