This will shake up coin selling
"eBay will manage payments for most of its marketplace sellers by 2021, and all sellers
will eventually be
required to have
eBay manage their
payments in order to keep selling on
eBay."
"Sellers enrolled in managed payments are not allowed to list the following items:
.
.
.
.
- Bullion (Business sellers may list beginning 23 February 2021)
- Coins, notes (Business sellers may list beginning 23 February 2021)
.
."
So the upshot of this is at some stage all sellers will be on managed payments (I was forced to register yesterday else I was not allowed to list) and when you do go to managed payments unless you are a business you wont be able to sell coins, notes and bullion on ebay.
I know this will hurt some hobby sellers but it may clean up the number of fake coins, rip offs (like the HH $2 scams) etc as you will know that if it is a business selling you that item then you have the backing of fair trading if anything goes wrong.
Most (90%+) of my ebay coin purchases are from hobby sellers. These include junk silver, choice raw coins and slabbed coins. I get the coins I want without paying the dealers mark up and the seller gets a reasonable price such as selling junk silver near spot. As for hurting "some" hobby sellers I'd counter that it will hurt all hobby sellers as they will have to find some other way of selling and for many that only leaves the dealers and as the only outlet they might just offer a lousy price on a take it or leave it basis.
I think there will always be a spot for Hobby Coin sellers on Ebay,time will tell,anyway 'Trade me' and 'Alibaba' are both looking at the Oz. market so Ebay can hasten its own demise if they go thru with the proposed changes.
So what does "managed payments" entail? eBay setting the prices for you?
Simpler Fees: no more payment processing fees to PayPal or any other third party, regardless of how the buyer pays. Learn more about fees here.
Simpler Payouts: get payouts directly to your bank account, either weekly or daily
Simpler Processes: refunds, reconciliation and reporting all managed through eBay
Once you register, nothing will change in how you sell on eBay until your account is activated for managed payments. We will notify you of your activation date in advance and will ensure you have access to all the information you need to be prepared. After you register, please review your eBay integration and processes to make sure you're ready for activation
eBay fees
When eBay manages your payments, you will pay an updated final value fee, consisting of a category-based percentage of the total amount of the sale, plus a fixed fee per order. Learn more about fees here.
In late March, eBay will begin the process of phasing out completely the billing of selling fees and expenses via your payment instrument on file.
Instead, eBay will collect fees and other expenses, such as those resulting from refunds, claims or disputes, directly from your earnings.
Examples of eBay selling fees include but are not limited to: insertion fees, promoted listings, listing upgrades, and store subscription fees.
You may find information on fees and expenses via the reports functionality in the Payments tab in Seller Hub.
You will receive a monthly invoice in a new format, but depending on your monthly invoice date, you may continue to receive invoices in the old format for both April and May. You must still pay any outstanding amounts that are reflected on invoices that you receive during this time. Charges will not be duplicated.
eBay will not be using PayPal and you pay eBay instead.
It is suppose to give buyers more option to pay.
Facebook is also making it hard for coin group sellers too
PayPal's fees for payments received have been excessive for a while. Do you imagine eBay will be any cheaper?
I don't.
eBay's nearly 11% on final sales is rude as it is. And now they will want more.
Time to find a new selling platform.
Quote from: 'gweidion' pid='124468' dateline='1614739123'Time to find a new selling platform.
I have said it before and will repeat myself, "time for
trademe (https://www.trademe.co.nz/) to expand to Australia". eBay NZ was very short lived in the face of the local competition. My experiences with trademe have all been positive.
eBay continually makes changes aimed at big business sellers and appear to be not interested in smaller and hobby sellers. They have just drifted too far from their original auction model. And I have mostly drifted away from eBay with my selling.
Now if they actually did something about the shonky sellers that would be praiseworthy.
The problem every non business seller has got is they want they want something done to remove the shonky sellers but everything they need to do affects the good small sellers.
Managed payments will clean out a lot of shonky sellers as going by the new rules you have to be a business to sell coins. Most of the shonky sellers are not businesses. So problem fixed....but at what expense?
Pre Covid Trademe was looking at Australia but as i understood it it would just be section on the current platform for Australians to sell/trade/buy.As above time will tell.
I read last year Ebay was in the throes of uncoupling its platform from PayPal,i guess this is just another step in that direction.
Just my two bobs worth. Reading about how ebay is out to stick it into hobby coin sellers and the like, I fell into the trap of thinking ebay was all about coins.
Obviously it's not, but looking at what's on offer in the way of coins for sale, why would they care anyway? A huge amount of what's listed is rubbish or low value IMHO, and has been trending that way for years now, so no bonanza for ebay.
Not comparing apples with apples here but, the same trend is also mirrored in offerings from the major auction houses, where a decline in high grade material is evident when compared to a decade or so ago. People are sitting on their good stuff.
Anyhow, there will always be other avenues apart from ebay.
Quote from: 'autocoupler' pid='124473' dateline='1614778400'Anyhow, there will always be other avenues apart from ebay.
Such as? Coin shows and dealers are no source of bargains. What other options so we have?
Quote from: 'autocoupler' pid='124473' dateline='1614778400'Obviously it's not, but looking at what's on offer in the way of coins for sale, why would they care anyway? A huge amount of what's listed is rubbish or low value IMHO, and has been trending that way for years now, so no bonanza for ebay.
Anyhow, there will always be other avenues apart from ebay.
Yes,Ebay should re-introduce a listing fee,even if only a $1, and reduce final value Fees,listing Fees will tend to stop the endless re-listing of Junk Coins,its a pain to trawl lisings these days.
Gweidion[quote pid='124474' dateline='1614807569']
Quote from: 'autocoupler' pid='124473' dateline='1614778400'Anyhow, there will always be other avenues apart from ebay.
Such as? Coin shows and dealers are no source of bargains. What other options so we have?
[/quote]
I've picked up some good buys on Gum Tree, i was holidaying in Caloundra a couple of years ago and just to fill in time trawled the local area in GT and picked up a couple of Coin bulk buys in the area. Face Book is also gaining momentum but still a sharks paradise for buying/selling Coins.
As i posted previously Trademe was looking at a Australian connection,my Niece is a Journo and she said it all got too hard and went bellyup when the ATO introduced the GST on overseas purchases(Harvey Norman tax) in 2017.
They may still proceed once Covid is out of the way as there should be a way around the GST if the buyer/seller are in Australia.Again time will tell.
https://www.austrade.gov.au/contact/faqs/do-i-need-to-pay-goods-and-services-tax-gst-on-exports-to-new-zealand
https://treasury.gov.au/sites/default/files/2019-03/C2016-042_Q_and_A_Applying_GST_to_low_value_goods.pdf
Quote from: 'gweidion' pid='124474' dateline='1614807569'Quote from: 'autocoupler' pid='124473' dateline='1614778400'Anyhow, there will always be other avenues apart from ebay.
Such as? Coin shows and dealers are no source of bargains. What other options so we have?
Without saying as much, my comment was directed at how humans will always find a solution which suits their needs. Whether or not this is achieved through manipulation, personal preference or mass migration, there will always be an enterprising entity looking to fill a void. There is life outside of ebay.
On another note, doesn't ebay own Paypal?
eBay and PayPal have separated.
Auto, there might be life outside of ebay but it isn't easily accessible.
Faceplant is a big no-no for me, for one thing anything you post there can be used by them any way they like forever and you have no recourse.
Local coin shows, they are all shut and even when they reopen it will be the same as before with scores of shows nationwide of which I can only get to a few.
Doesn't Gumtree belong to eBay? Is eBay trying to pump Gumtree by forcing sellers to switch to gumtree.
And where is this enterprising entity looking to fill a void? Trading Post is gone, same with most classifieds and same with most local coin shops.
Will TradeMe step up to the plate?
Maybe Alibaba will be the online marketplace, they already supply so many ChUnc 1930 pennies as it is.
Thanks Jenny. I wonder if it's one of those corporate things where a cell splits and so provides a separation, but not really :winkextra:
Neal, that is one tale of woe. I have faith.....I think :huh:
Quote from: 'autocoupler' pid='124476' dateline='1614815072'Quote from: 'gweidion' pid='124474' dateline='1614807569'Quote from: 'autocoupler' pid='124473' dateline='1614778400'Anyhow, there will always be other avenues apart from ebay.
Such as? Coin shows and dealers are no source of bargains. What other options so we have?
Without saying as much, my comment was directed at how humans will always find a solution which suits their needs. Whether or not this is achieved through manipulation, personal preference or mass migration, there will always be an enterprising entity looking to fill a void. There is life outside of ebay.
On another note, doesn't ebay own Paypal? "YES'' there is life after EBAY.."Intellect" is the ability to adapt to change. Plenty of Auction houses i can sell a coin or note for Nil seller fees...IAG,Imperial. Status,Nobles,Downies for expensive and bulk lots... :sun_bespectacled:
eBay did buy PayPal some years ago. eBay and PayPal have now separated. If you read what PP has to say about the new eBay payments system the divorce was not amicable.
Quote from: 'gweidion' pid='124474' dateline='1614807569'Quote from: 'autocoupler' pid='124473' dateline='1614778400'Anyhow, there will always be other avenues apart from ebay.
Such as? Coin shows and dealers are no source of bargains. What other options so we have?
I have bought coins from sellers on delcampe.net
The website's focus is mainly on comic book, postcard, stamp, banknote and coin collectors. It's run and owned by a belgian guy. Most members/sellers are from Belgium, France, but also Spain, Italy and Portugal. See a pattern? Yes, I called it the ''latin connection.'' But there are also a few sellers from other countries (Lithuania, Serbia, Ukraine). Very few from English speaking countries though.
Hence, I doubt that delcampe is an alternative for you guys and gals downunder.
Quote from: 'JeffH' pid='124492' dateline='1615012695'eBay did buy PayPal some years ago. eBay and PayPal have now separated. If you read what PP has to say about the new eBay payments system the divorce was not amicable.
What surprises me that the ACCC does not step in.
When ebay bought paypal, ebays master plan was to that the only payment method acceptable to ebay was going to be paypal. There were thousands of submissions trying to stop this....including the big banks, credit card companies, other instant payment platforms and a large number of businesses. The ACCC ruled ebays plan as illegal.
(On a side note the ACCC right said ...and I am paraphrasing here....we are not allowed to say paypal is an unsafe method of payment but we will anyway.....paypal is the most unsafe commercial form of payment in Australia. This statement forced the government to put Paypal in a spot light and as a result they voluntarily joined in with the financial services ombudsman. They had the most complaints lodged from any member of this service in their first 12 months. This pretty well forced paypal to clean up there act. Around this time chargebacks were a weekly occurance (I have had 2 ever in 20 years on credit card facilities). Anyway now paypal are my credit card provider and the merchant to my website. Fees are close to bank merchant fees and it was by far the easiest intergration to my website....and no chargebacks for years now...so a big turn around here)
Anyway the current managed payment regime is very similar to what happened years ago....sellers are forced into a service I am not sure I want, that will end up more expensive then my current setups for what I see as not much gain...this time round the ACCC appears to be doing nothing.
Quote from: 'Bigfellani5' pid='124525' dateline='1615525627'Quote from: 'JeffH' pid='124492' dateline='1615012695'eBay did buy PayPal some years ago. eBay and PayPal have now separated. If you read what PP has to say about the new eBay payments system the divorce was not amicable.
Anyway the current managed payment regime is very similar to what happened years ago....sellers are forced into a service I am not sure I want, that will end up more expensive then my current setups for what I see as not much gain...this time round the ACCC appears to be doing nothing.
I think Ebay's 'Big Brother' tactics are doomed to fail,at least in Aust.
Time will tell.
Quote from another Forum,looks like Paypal is gone from Oz. but it may be a restructuring or rebranding exercise,time will tell.
Apparently will affect a lot of merchants that follow the 'Local Markets' circuit.
..."At PayPal, we are always working to deliver innovative solutions that meet the needs of our merchants. With this is mind, we are discontinuing PayPal Here in Australia as we continue to explore and invest in solutions for the emerging in-person payment needs of our merchants and their customers.
From 29 June 2021 AEST, PayPal Here services (including both the credit card reader devices and the PayPal Here app) will no longer be available in Australia. This means you will not be able to accept PayPal Here payments with the credit card reader or via the PayPal Here app from that date."
That is "innovative solutions that meet the needs of our merchants"!
If they say so.
Never even heard of PayPal Here.
I'm having trouble trying to navigate my way around Ebay
now they have managed my payments.
sold some stuff on Friday I have no idea where that money has gone
so I have opted out of their new system.
done their survey as to why I won't out so I told them
Quote from: 'interest' pid='124792' dateline='1621261652'I'm having trouble trying to navigate my way around Ebay
now they have managed my payments.
sold some stuff on Friday I have no idea where that money has gone
so I have opted out of their new system.
done their survey as to why I won't out so I told them
Does that mean now you can sell....that is the impression I got.....you cant sell if you dont have managed payments
Quote from: 'interest' pid='124792' dateline='1621261652'I'm having trouble trying to navigate my way around Ebay
now they have managed my payments.
sold some stuff on Friday I have no idea where that money has gone
so I have opted out of their new system.
done their survey as to why I won't out so I told them
I'm not a business seller but set mine up okay as far as I can tell. You just select the bank account you want payments sent to.
The true test will be if and when I sell something.