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eBay will begin intermediating payments on its Marketplace platform

1,045 228 January 31, 2018 at 05:36 PM
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Mods if wrong forum please move. I did search.

" Dear xxxxxxxxxxxx,

eBay is happy to announce plans to further improve the customer experience by intermediating payments on our Marketplace platform. In doing so, eBay will manage the payments flow, simplifying the end-to-end experience for both buyers and sellers. We have signed an agreement with Adyen, a leading global payments processor, to become our primary payments processing partner. PayPal, a long-time eBay partner, will be a payments option at checkout for eBay buyers.

You do not need to take any action at this time. The transition to full payments intermediation will be a multi-year journey.

Over the past three years, eBay has transformed its business to drive the best choice, most relevance and most powerful selling platform. Building out our payments capabilities is the next step in that strategy.

Payments intermediation will bring significant benefits for eBay sellers. You can expect a simplified pricing structure, more predictable access to funds, and most sellers can expect their costs of payments processing to be reduced. We're also working on ways to provide sellers a central place to track and manage their business, which can soon include payments information.

By offering buyers more choice in how they pay and expanding payment options into more geographies, eBay believes sellers will be able to reach more buyers and improve conversion.

The transition to full payments intermediation will be a multi-year journey. eBay will begin intermediation on a small scale in North America starting in the second half of 2018, expanding in 2019 under the terms of the Operating Agreement with PayPal. In 2021, we expect to have transitioned a majority of Marketplace customers to the new payments experience.

Again, you do not need to take any action at this time. As eBay gets closer to the initial phase of its intermediation efforts, we will share more details about this process and next steps for sellers. In the meantime, please read the eBay Inc announcement for further information. For any immediate questions or to share feedback, please email paymentsinfo@ebay.com.

We're looking forward to what's next, and to getting there with you.

As always, thank you for selling on eBay.

Bob Kupbens

Laura Chambers
VP, B2C Selling

VP, C2C Selling"


What's this really mean? Are they taking more bites from the CC companies? Is it a legal distinction from Paypal?

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Joined Oct 2013
L10 Financial Analyst
2,151 Posts
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#2
I just posted about this in the Lounge.

EBay to Ditch PayPal for Dutch Processor Adyen..
https://www.bloomberg.com/news/ar...ring-costs
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Joined Feb 2009
L5: Journeyman
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#3
Any specifics yet on the reduction percentage eBay Ayden sellers rate vs Paypal?
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Last edited by zapjb January 31, 2018 at 06:30 PM.
As a US citizen I have the right to criticize my government. My thanks for this is endless in magnitude.

Fascism is here led by a hypersensitive psychopathic dictator having complete power, obsessively suppressing criticism, regimenting all industry & commerce. Emboldening racism & aggressive nationalism.
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Joined Aug 2014
L7: Teacher
2,960 Posts
#4
Speculation, I don't expect much drop. If you look at Square, PP, this new one Ayden would probably fall within the same % range. Hopefully with better service. Most payment processors charge similar prices. Except for the promotion periods, it's not going to change much for the end consumers.

https://www.adyen.com/pricing/full-list

https://www.adyen.com/pricing#collapse4
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Last edited by joeg9897 January 31, 2018 at 08:25 PM.
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