Iâm really, really hating ebays managed payments. My experience so far. Sold an item on 11/17 and the funds are finally being transferred to my account today. However itâll be 3-4 business days from today before it hits my account. This is 8 days I have to wait to have access to My Money. Money that wouldâve been available immediately with PayPal.
The only option as far as contacting eBay about this issue is to setup a phone call back. Callbacks were averaging an hour or so. You canât message, call or chat about it online via normal contact procedures. Iâm guessing the increased callback times and lack of any other contact choice means people arenât happy and hopefully they model it after PayPal who they used to own.
I donât do nearly as much on eBay as I used to in previous years (mainly because I wouldnât set foot in a Goodwill outlet right now if you paid me), and Iâm really considering just never using it again after the stuff I have up there currently sells. Like you, I used to rely on money from payments to do things like cover shipping costs.
I also primarily sold on eBay TO build up funds on my Paypal which I used for âfunâ and entertainment things online, as a separate source of money from my usual savings. Itâs silly, but it all go straight to a bank account makes it feel more like another job than something Iâm doing in spare time because I want to be able to buy some random art print, game, or comic on eBay that I wouldnât normally be spending money on.
Already use to all this on Mercari they hold your funds until the item arrives and the buyer leaves feedback or 3 days after the item arrives with no feedback left. They provide the shipping label from your funds if thatâs how you choose to ship so doesnât effect you in anyway there. While sellers may have to wait for their money buyers feel much more protected they are not being scammed which is a common occurrence on eBay.
So another reason to not sell on Mercari. Iâve only bought one item through them and will definitely not be selling there. Itâs buyers that are the big problem on eBay. Definitely not sellers. Ebays feedback system has led to it. You canât leave negative feedback for a buyer and they can get away with almost anything they want.
Youâre going to find all online virtual market places are trying to hold your money and make their own funds processing businesses itâs been going on this whole year.
My main issue with the holds and transfer times is itâs a big step backwards. You canât give people immediate access to their money for decades and then go to a week or more when you take over. Itâs unacceptable. Mercari holding funds like that is beyond ridiculous as well.
Iâm going to clean up on eBay with all of you sellers leaving!!! (kidding⊠sort of).
My account isnât high dollar enough, so I havenât been bugged to move to the new system yet. But, I think itâll be ok if I have to wait a few days for payment. Not a deal-breaker for me, but thatâs up to each personâs comfort level.
Itâs bs. They get their cut immediately but Iâm to sit and wait a week or more to get paid? Itâs also that theyâre making money off of holding my money. All my items will be long delivered before I even see a nickel. Iâm just hoping thereâs enough blowback that they fix it.
But when itâs introduced to you, you knew what you were getting into (thanks for letting us know, sounds like I wonât be using Mercari either). eBay on the other hand is forcing itâs base to conform with no other options.
I get why some will hold funds so people arenât selling stuff to take the money and run but if you prove yourself over time, I think something like that should be lifted as you gain trust that you are selling what you say your selling.
I canât sell on eBay anymore because itâs overpopulated with comic flippers that are quick to undercut all the way to a loss just to get some money back. As for buyers on eBay I like to sell preorders but lately itâs a waste of time. I can put the date it ships, when it comes out, list it as no cancels or refunds and 9-10 of you shitty eBay ers will put it in a eBay not received claim before the book EVEN COMES OUT and never respond to any messages and they expect a refund because they saw the book $3 cheaper 6 weeks later.
Yeah, the system isnât set up for pre-orders. Itâs designed for immediate sale. Makes pre-orders so much harder to fulfill, which is why I havenât done any pre-order sales. You miss out on dollars, but avoid headaches.
I canât sell store exclusives on eBay anymore because assholes like sadlemon find a stack of a shared exclusive that was long sold out and put them up on eBay at original price, as soon as they start shipping your you thought for 3 month sold out copies.
Yea thatâs a bunch of crap. I really hate that they took away sellers being able to leave negative feedback for buyers. I recently had a guy buy a comic with buy it now, he then cancelled his purchase and then left me negative feedback saying I cancelled his order. And you fight it with eBay to remove it and they donât. They just leave it and let it stand. I think in 20 some years I have had one negative feedback removed out of several that were bogus like that one. itâs a bunch of shiitake mushrooms man
I tried pre-orders for incentives on eBay and was like damn these are selling at ratio! And the way people just cancel because the day its out other sellers are selling way below ratio and they can get it cheaper so that stopped quickly
eBay specifically said they are NOT making money on holding your money. This was in the TOS when you sign up for managed payments. I know, not many people read it, but it is in there. Even if they did, what could they possibly make on $50 being held for 2 days?