Ebay, Getting Paid By Paypal May No Longer Be An Option Soon.

[Thirsty Relic]

2 hours ago, AKAMD said:

Digital, computers, IT, whatever you want to call it, it is taking control of our lives; online shopping > demise of the High Street, apps > unknown entities knowing your every move, online banking > no high street banks, contact payment cards > cashless society.  And what happens with people who don't want to be/can't be computer savvy?  Like every other minority in the modern world, they don't count!!!!!

... and the problem is we are all been drawn into it, whether we want it or not.  And to top it all, the Pandemic is accelerating the process as it is used as an excuse to introduce/force technology on us.

 

Gmt idea for Track and Trace? - Apps on smartphones - many don't have smartphones

record of Covid vaccinations as access to businesses mooted? - smartphones (ditto)

Payments? - contactless cards (hygene/Covid) - many don't have/want contactless

threats to cheques? - direct debit / contactless (both give more of your info than you may want to give)

Hole in wall ATM's?  At risk as people using contactless/cashback

Banks?  as above - turned into coffee bars/shops/bars

 

 

 

[Guest]

Back on topic. Anyway, the problem with ebay payments is they've gone back to the dark ages. I remember when you'd expect it to take a few days for a bank/payment processor to take a few days to give you your money, but when PayPal do so instantly these days as do bank transfers, I don't understand why eBay (I think it's actually another company that does the payments) take days to give you your money after the buyer has paid. Back to the old model of holding onto your money for as long as possible to earn interest on that transaction?

[Janus]

From the link above

Mike Pitt, director of UK consumer selling at eBay, says "the change creates an "enhanced buying and selling experience"

 

 

I cannot perceive how holding on to people's money for 2 days can be an enhancement to a system. 

 

What if it is a 10k car  that has been sold?

 

 

Edited March 29, 2021 by Janus

[Guest]

It is ridiculous. As you say, how can holding onto money be a better buying experience, plus as said sending items when you've not actually received any money for them. I'd prefer the very slightly higher PayPal fees if it means getting my money instantly. 

[Janus]

I think eBay are risking losing cutomers-they need to be careful. It's akin to fixing something that is not broken. 

 

After all the years they have been in business, I am surprised that there is no viable competitor-yet!

 

There also seems to be an element of contemp for their customers. 

 

From  the Martin Lewis link :

"If you don't do anything and continue to use the existing service rather than switch over, eBay warns that it has the right to restrict your ability to make new sales listings and to change or end existing listings".

 

Marvelous. 

[AKAMD]

I relisted an item yesterday with one click, nothing changed there yet.

[Janus]

Something else that is apparent after reading yet another ebay message today.

 

If an buyer pays the seller on a Friday night for example, it can be up to 4 days before the seller has access to the funds. 

 

[Mister Gee]

I sold an item on EBay on the 10th March and the money I received from the buyer was on hold in my PayPal account until yesterday. 

[Janus]

The new rules have come in to effect today 01.06.21

https://www.bbc.com/news/technology-57318294

[Mr Allen]

Meh, I hate Paypal, now every time I buy on eBay I pay directly by card.