Select eBay Accounts: Receive $15 coupon for future purchase when you update your account by 12/1/20. Targeted and non-transferable. Check your eBay messages.
It's now simpler to get paid on eBay
Getting paid has changed: Fees and expenses will be deducted before you get paid out and the remainder of your earnings will go directly to your bank account, not your PayPal account.
Who's eligible for the Offer?
Only invited eBay users who have completed the entire managed payments sign-up flow are eligible. Sorry, no forwarding—Offer is not transferable.
How to earn and redeem your Coupon:
1. Complete the entire sign-up flow for managed payments by 11:59PM PT on December 1st, 2020 to receive the coupon.
2. Receive your $15 off coupon by email and on eBay.com in My eBay: Messages by December 11th, 2020.
3. See below for coupon terms & conditions.
Terms & Conditions:
Offer valid on Eligible Purchases of $15 or more made on or before 12/24/2020. Valid only for purchases from eBay.com. Item(s) must be delivered to a U.S. address and not returned to remain eligible. Users who remain eligible will receive a $15 off coupon in My eBay: Messages and by email to their registered address by 12/11/2020. Limit one coupon per user.
Eligible Purchases exclude purchases made with a coupon, as well as purchases of warranties and protection plans, and items from the Coins & Paper Money, Gift Cards & Coupons, Vehicles from eBay Motors, and Real Estate categories. Only invited eBay members registered to use managed payments with an address located in the United States are eligible for the Coupon.
Coupon is subject to U.S laws, void where prohibited, not redeemable for cash, has no face value, and cannot be combined with any other Coupon, or when paying with PayPal Credit Easy Payments or Gift Cards. Any unused difference between discount amount, as shown on the Coupon, and the purchase price of item(s) in a single transaction (or cart) will be forfeited. eBay may cancel, amend, or revoke the Coupon at any time.
http://eBay.com
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Now eBay immediately takes 10% for the sale and another 2.5% for processing fees. So 12.5% total. This is actually a little less than eBay and PayPal combined.
Until you realize that eBay is also charging the seller 12.5% from the sales tax that the person buying the item paid for "processing the tax" as well. Which I'm pretty sure is illegal since I highly doubt eBay is paying a 12.5% processing fee themselves. They're making a small profit off the seller when the buyer pays sales tax. How can they charge me a fee to process money I never received and make a profit doing that?
So if I sell something for $1,000 eBay collects $125 for the sale from the seller at $12.5% immediately. If the buyer also pays 9.5% sales tax ($95) then as the seller you pay an additional 12.5% fee on the buyer's sales tax, which never actually touched your account ($11.88) for $136.88 total in seller fees to eBay. So it's more like 13.7% disguised at 12.5%. Super misleading.
On top of this you don't get access to your money immediately. If I get paid from a buyer on Friday. It doesn't even start to transfer to my bank account until Tuesday since it's "processing". Then it finally hits my bank Thursday or Friday because the bank now needs to process it. That's 6-7 days from the buyer sending me the money until I have access to it.
Meanwhile I still have to ship the item to the buyer as soon as the payment comes in. Since it's not the buyer holding up the payment. I usually ship next day after getting paid. eBay claims the payment is guaranteed once they accept it so it's safe to ship. But I don't trust them at all.
Overall I'm pissed that I can't stay with PayPal. Which is a sentence I never thought I'd type lol. Good luck all!
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Cellphones: Swappa.com [Swappa.com]
Store Alternatives: eBid.net [eBid.net]
General Items: Bonanza.com , eCrater.com [ecrater.com] , Mercari.com [Mercari.com]
Perfect time to mirror-list your items in those sites with lower prices than your usual eBay listing.
eBay need healthy competitors. >(
Cali is regulation-happy, maybe someone out there can do a little "well if you're going to act like a bank you need to do this" or maybe it's a federal thing. Not my area.
Would make for a good article by some CPA-type.
I don't have a business number, because I want to be able to collect unemployment from my primary job when times get rough.
I was required to give my EIN and social. How did you get around that? I couldn't submit without giving my social. Ebay forced me into managed payments or I could no longer list. Such pleasant people.
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Edit: here's the link
https://www.paypal.com/us/smarthe...ent-faq729
PayPal will track the payment volume of your account(s) to check whether your payment volume exceeds both of these levels in a calendar year:
$20,000 USD in gross payment volume from sales of goods or services in a single calendar year
200 payments for goods or services in the same year*
I reluctantly sent them my W-2 because that's all I had on me, but I felt violated.
it's truly annoying when a customer cancels an order and requests for a refund in a matter of seconds after they've made the purchase. PayPal does not refund any of the fees that they normally charge you.
So be glad guys if you are a seller on eBay this is actually a very good blessing in disguise.
So I have a pending payment in my account from a customer that purchased something from me for local pickup only. But he lives like 1000 miles away, and he hasn't been responding to my messages to pick his stuff up.
So eventually I'll have to refund his money I assume. So you're telling me after I do that, my paypal account is going to go negative 3%? That doesn't sound right.
I'm guilty of this. I've cancelled my order right after purchasing several times. Probably about 10 times in my life. I've had someone do that to me once, and I don't remember going negative because of it. I don't sell that much stuff.
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So I have a pending payment in my account from a customer that purchased something from me for local pickup only. But he lives like 1000 miles away, and he hasn't been responding to my messages to pick his stuff up.
So eventually I'll have to refund his money I assume. So you're telling me after I do that, my paypal account is going to go negative 3%? That doesn't sound right.
I'm guilty of this. I've cancelled my order right after purchasing several times. Probably about 10 times in my life. I've had someone do that to me once, and I don't remember going negative because of it. I don't sell that much stuff.
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