eBay and PayPal

Watchdog looks into why sellers on eBay are not getting paid instantly like they did through PayPal. Instead, they have to wait up to 2 business days, which may have a knock on effect - especially at the weekend - as sellers are reluctant to post out the items until they've got that money.

A spokesperson for eBay has said:

"We appreciate that while eBay's final value fee is higher - as there is no PayPal processing fee - the overall cost to the seller remains the same or less than when they paid both eBay fees and payment processing fees.
We can confirm that payouts are initiated within 2 business days of the buyer completing the transaction. Additionally, in the UK we use faster payments which means that in most cases the seller will get their funds within about 2 hours of us initiating payment.

While we appreciate this is a change for sellers, eBay managing payments essentially makes it simpler for them to get paid on eBay and there are many benefits. Before this, sellers had to juggle between two sets of accounts, reports, online tools, policies, and customer service. eBay's goal is that managed payments should not only make ecommerce simpler to sell and get paid, but it'll also help manage the entire sales process. Under eBay managed payments, operations run smoother with simplified fees, integrated reporting, streamlined support, and ultimately the ability to mitigate and lower seller risk.

The updated eBay payments experience is a big step towards making eBay a simpler, more modern managed marketplace, and over 4 million sellers have already registered globally.

With the process end-to-end on eBay it means:

• No need for a third-party PayPal account, and no more PayPal payment processing fees

• Sellers get paid directly to their bank account, not their PayPal account

• Sellers can also access everything they need in one place, making it a more streamlined process

• New options for buyers to pay on site, such as Google Pay and Apple Pay

• Buyers can still pay via PayPal"