Author Topic: PayPal Monopoly on eBay Ending  (Read 991 times)

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uncleleroy

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PayPal Monopoly on eBay Ending
« on: January 31, 2018, 09:59:49 PM »
Here is what I got in my email today from eBay:

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



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Re: PayPal Monopoly on eBay Ending
« Reply #1 on: February 01, 2018, 10:08:15 AM »
Thanks!

eBay will begin intermediating payments on its Marketplace platform

“eBay intends to further improve the customer experience by intermediating payments on the 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.”

eBay Statement

I still have 2 selling accounts with eBay.
I have no issue using Paypal and have access to my funds with no waiting period (ahem, Amazon).
The comments on the article page have some good points.
Especially the one that says 'go jump in a lake.'
HA!

uncleleroy

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Re: PayPal Monopoly on eBay Ending
« Reply #2 on: February 03, 2018, 12:22:28 AM »
With the eventual roll out of the additional choices to purchase, I am wondering if sales will start to increase. Not everyone likes PayPal. The only reason I even have an account is because of selling on eBay.

uncleleroy

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Re: PayPal Monopoly on eBay Ending
« Reply #3 on: February 03, 2018, 11:37:41 PM »
Just saw this story someone wrote about why eBay dropping PayPal is a good thing.

https://www.yahoo.com/finance/news/paypal-coo-ebays-decision-drop-us-good-thing-170833338.html

Southern Jewel's Fab Finds

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Re: PayPal Monopoly on eBay Ending
« Reply #4 on: February 04, 2018, 01:02:12 PM »
When I purchase an item on say...Etsy...
I have a choice of Apple Pay, entering my own cc, or using Paypal.
I use Paypal because that is what I will always choose when given an option.
My cc number plus the cvs number are still blocked with only Paypal being the go-between.

I used to receive alot of payments via Google Checkout back in the day from website purchases.
I did receive more Paypal, but the option was great to be able to offer my customers.

Things that make me giggle...hahaha..Amazon Payments? On eBay?

That being said, I think this is great.
If a seller has their own merchant account they should be able to use it.
Often times those are negotiated rates for the merchant.

As I'm phasing out a little year by year, I'm going to continue to use Paypal only as my means of payment.
From the article:

PayPal will still be a payments provider option for eBay, but it won’t be processing certain transactions — transactions that involve entering your credit card information, for instance — as it had previously. (my input, I've never had to enter my cc number for any transaction on eBay. NEVER. Nor have my customers)

“This was always the plan since PayPal and eBay separated,” Ready emphasized, referring to eBay’s spin-off of PayPal into its own publicly-traded company in 2015.

PayPal reported adjusted fourth quarter 2017 earnings of 55 cents a share on revenue of $3.74 billion — up 26% year-over-year. For the full year of 2018, PayPal forecasts profit of $2.27 per share with revenue between $15 billion and $15.25 billion, compared with analysts’ estimates of $15.16 billion.

It’s also worth noting that while eBay transactions currently account for 13% of PayPal’s overall payments volume, that number is steadily declining, according to PayPal. And while eBay’s revenue from marketplaces continue to grow by 4%, that number is downright anemic when compared to median growth of marketplace competitors, which are growing at a 50% year-over-year clip. (yes, true true true...but there is still a market there...it's my bent and dent shop or my place to sell if I'm not approved in a category)

springintoscooters

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Re: PayPal Monopoly on eBay Ending
« Reply #5 on: February 04, 2018, 06:11:30 PM »
Darn! And I just landed on Boardwalk.
<----- Slow ride. Take it easy.

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Re: PayPal Monopoly on eBay Ending
« Reply #6 on: February 05, 2018, 10:12:11 AM »
<smile>

  

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