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.
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219 Comments
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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!
PayPal literally provides the same buyer/seller protections for just their 2.9% fee. No bs sales tax and hoops to jump through with other fees. Unfortunately it's hard to find decent alternatives to eBay where things will actually sell. Been trying to sell stuff on Reddit whenever possible
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!
what a bad business decision to spin off paypal back then...
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- pay a fee to list
- pay a fee to sell
Then
-pay a PayPal fee
But if you wanted to actually get traffic:
-premium listing fee (big % cut)
-subscription store fee
You're getting cut 5 ways with fees if you're trying to sell something. The views and traffic arent there like they used to be. Even their organic search isnt useful for buyers who know specifically what they want.
Fashion: Poshmark.com [Poshmark.com]
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. >(
what a bad business decision to spin off paypal back then...
Paypal was deducting that 2.9% before you got your money too and if someone cancelled the transaction u didn't get that back. I had plenty of transactions for a few hundred bucks that the buyer then said oh never mind. $300 * 2.9% + .30 meant I was out $9. Thanks paypal.
I have actually learned a lot from reading everyone's replies. We all getting forced into managed payments eventually so I figure I might as well get the $15.
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I rarely shop EBAY