eBay now manages the end-to-end selling experience on our marketplace, including payments.
This means:
You get paid directly to your bank account, not your PayPal account, regardless of how the buyer chooses to pay.
We will initiate payouts within two business days of payment confirmation.
Your fees, expenses and charges will be automatically deducted.
No more PayPal payment processing fees or separate monthly fee payments.
Most sellers will pay the same or less than before.**
Learn more here.
Update your account details by 31 May 2021.
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FAQ’s:
Why is the way I’m getting paid on eBay changing?
We are updating the payment experience on eBay to enhance the buying and selling experience on the marketplace. We believe this is an opportunity to deliver a more seamless experience for both buyers and sellers, while offering a greater choice in payment and payout options.
Is there anything I need to do right now?
Please update your account details, including adding your bank account information, by 31 May 2021. Once you update your details, you will automatically offer all payment methods to your buyers, and we will initiate payouts within two business days of payment confirmation, regardless of how your buyer chooses to pay. Learn more here.
How are my fees changing?
Your eBay selling fees and expenses will be automatically deducted from your earnings before you get paid. The remainder of your earnings will go directly to your bank account, not your PayPal account. You’ll no longer have to pay PayPal payment processing fees and no more separate monthly fee payments. Examples of eBay selling fees include: insertion fees, listing upgrades and shop subscription fees.
*As it relates to funds settlement.
**Savings based on annual total sales volumes, and comparisons of (a) prior eBay final value fees plus typical 3rd party payment provider fees, with (b) updated eBay final value fees (without any 3rd party processing fees).
All for the sellers benefit...........
