There’s one less account for me to track. Longtime eBay seller Shari Smith says, “Having eBay making automated payouts is much better for me because I don’t have to make transfers. More Streamlined Accounting: Since everything is now in one place, sellers can more easily manage transactions and the accounting required from them.Automatic Payouts : Instead of transferring funds between accounts, Managed Payments offers direct deposits into your bank account.To help you make sense of the program, we’ve compiled the following pros, cons and considerations: eBay Managed Payments ProsĪs with any new policy change or rollout, eBay Managed Payments works better for some businesses more than others.
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Once enabled, it may take a few days for eBay to give this feature full approval, but in the meantime, you can continue to accept payments as usual through PayPal or any other form of payment that is acceptable in your specific region and sector. Once you have clicked on this button, another dropdown menu should appear, in which you can choose to activate managed payments. Next, scroll down to the section labeled ‘payment methods accepted’, and look for a button called ‘change’, or simply titled with the word ‘ebay’.
Here, you should find a list of all of your active listings, along with any business policies that are relevant to those listings. To set up eBay managed payments for your sales, you will need to navigate your seller account settings and select the appropriate options within the payment settings tab.įirst, you will need to sign into your account and click on the ‘my ebay’ section. This makes it easy for businesses to sell on eBay without having to worry about setting up their own payment processing system. eBay will then handle all aspects of the transaction, from processing the payment to issuing refunds, if necessary.
With managed payments, businesses can accept payments from buyers through a number of popular payment methods, including credit and debit cards, PayPal, and Apple Pay. How it worksĮBay’s managed payments system is designed to simplify the process of selling things on eBay for businesses. eBay expert Paul J Lipsky also weighed in on this in a recent YouTube video. For sellers, you now have one centralized place to manage your sales and payments, and you can link your bank account directly to eBay. While a wider variety of payment options is a huge perk of the program, eBay suggests that listings not include any references to methods of payments accepted in the item descriptions in order to prevent inaccurate listings and buyer confusion. The more payment options buyers have, the more sales you stand to make. “eBay’s Managed Payments is a win for sellers with its inclusion of the popular mobile payment apps Apple Pay and Google Pay,” said Terrill. According to eBay Sales and Social Media Success Coach, Kathy Terrill, Owner of I Love To Be Selling, the increased number of payment options particularly mobile payment options is a big gain for businesses selling on eBay. For buyers, there are more ways to pay so they can now use their preferred payment method - be it credit, debit or gift cards, PayPal or PayPal Credit, Apple Pay or Google Pay. What are eBay Managed PaymentsĪccording to eBay, the goal for its managed payments program is to simplify the shopping experience for both the buyer and the seller. To help you better understand eBay Managed Payments and what it means for your eBay business, we put together the following guide where you’ll learn what the program is, how it affects your payments schedule, and more. The following is based on research and publicly available information.ĮBay finalized their transition from PayPal to eBay Managed Payments in September of 2021.
Disclaimer: Payability does not claim to have any inside information on how and when eBay or any marketplace releases payments.
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