Go Back   The Supercar Registry > General Discussion > Lounge


Reply
 
Thread Tools Display Modes
  #1  
Old 01-17-2021, 03:09 PM
BLACKLS5 BLACKLS5 is offline
Yenko Contributing Member
 
Join Date: Dec 2010
Location: NE Indiana
Posts: 510
Thanks: 99
Thanked 124 Times in 54 Posts
Default Ebay seller question.

I've had 2 messages from ebay saying I need to update my information and put my bank information on file because PayPal is no longer going to be the exclusive payment method. I read through the info on the Ebay homepage and my understanding is that they want sellers to continue to ship items promptly even though your money may not show up in your account for 3-4 working days? Maybe I'm missing something but I'm not sure that's in the best interest of the seller. What if you ship it and the money never shows up? Is this just a scare tactic? Can I continue selling without giving them my bank info? Of course Ebay makes it sound like it's going to be much simpler and faster for everyone involved.

Thoughts or clarification from someone more familiar? Thanks
__________________
70 Chevelle Vert L34 M21 28-A 791
70 Chevelle Cpe LS6 M40 14-14 756
70 Chevelle Cpe L?? M?? 926-99616 755
69 Chevelle Cpe L78 M21 71-B 756
Reply With Quote
Click here to view all the pictures posted in this thread...
  #2  
Old 01-17-2021, 03:22 PM
Tidmack Tidmack is online now
Yenko Contributing Member
 
Join Date: Apr 2014
Location: Cross Plains, Wisconsin
Posts: 136
Thanks: 216
Thanked 90 Times in 35 Posts
Default

I just made the switch to managed payment through eBay. In short, we don't have a choice. Payment is still made prior to shipping, but is in eBay escrow, per se, and available for transfer to your bank account on file within 24-48 hours. I agree that not having instant access to the money is lame. At least with PayPal, even if I didn't request a transfer of funds into my bank account, I can still use the money in my PayPal account for other retail or person to person purchases.

As a seller on eBay since 1998, I'm with you, I am not super excited. BUT, I believe the system is safe, and if the goal is to have the money in your bank account, the total amount of time to get it there seems to be about a day longer than before.

I hope this helps a bit.

Jeff
Reply With Quote
  #3  
Old 01-18-2021, 01:18 AM
BLACKLS5 BLACKLS5 is offline
Yenko Contributing Member
 
Join Date: Dec 2010
Location: NE Indiana
Posts: 510
Thanks: 99
Thanked 124 Times in 54 Posts
Default

Yes, It does. Thanks
__________________
70 Chevelle Vert L34 M21 28-A 791
70 Chevelle Cpe LS6 M40 14-14 756
70 Chevelle Cpe L?? M?? 926-99616 755
69 Chevelle Cpe L78 M21 71-B 756
Reply With Quote
  #4  
Old 01-18-2021, 01:34 AM
Bill Pritchard Bill Pritchard is offline
Yenko Contributing Member
 
Join Date: Mar 2002
Location: Valley of the Sun, AZ
Posts: 5,077
Thanks: 712
Thanked 625 Times in 372 Posts
Default

eBay is slowly but surely moving away from a place where the average Joe can sell an item or two occasionally, to a place that's more business-oriented. Probably won't be long before you have to wait 30 to 60 days to get your money for things you choose to sell on there, like businesses that take credit cards. And, I can't believe that PayPal is still allowing this fee-free "Friends & Family" money transfer business....wonder when that's going to screech to a halt?
__________________
Bill Pritchard
69 Chevelle SS396 Post Sedan, Cortez Silver, L35 M20
Reply With Quote
  #5  
Old 01-18-2021, 05:48 AM
1crossram 1crossram is offline
Yenko Contributing Member
 
Join Date: Nov 2019
Location: West coast Canada
Posts: 75
Thanks: 16
Thanked 27 Times in 21 Posts
Default Ebay/Paypal

I am located in Canada and buy lots of parts from the USA. Paypal will not allow me to have a USD Paypal account despite me having a USD bank account in Canada. Paypal wants to make huge conversion fees if I move money in or out of the Paypal account. Bothers me to the point that I'd rather buy a part some other way.
__________________
1967 Camaro RS/SS survivor Butternut yellow with black vinyl top
1967 Camaro RS Capri cream with beige vinyl top
1967 Camaro RS/SS convertible Butternut yellow with black power top
Reply With Quote
  #6  
Old 01-18-2021, 02:40 PM
L78_Nova's Avatar
L78_Nova L78_Nova is offline
Yenko Contributing Member
 
Join Date: Apr 2016
Location: Winnipeg
Posts: 290
Thanks: 2,267
Thanked 99 Times in 51 Posts
Default

Quote:
Originally Posted by Bill Pritchard View Post
eBay is slowly but surely moving away from a place where the average Joe can sell an item or two occasionally, to a place that's more business-oriented. Probably won't be long before you have to wait 30 to 60 days to get your money for things you choose to sell on there, like businesses that take credit cards. And, I can't believe that PayPal is still allowing this fee-free "Friends & Family" money transfer business....wonder when that's going to screech to a halt?




For Friends and Family they charge the sender the fee !
__________________
68 Acadian SS-350 auto/AC driver
70 Nova SS-396/375HP Bench Stick
72 Nova SS-350 5sp Mini Tubbed
67 Chevelle Conv. SS-427 clone
70 Chevelle SS-454 LS-5 M-22
Reply With Quote
  #7  
Old 01-19-2021, 12:49 PM
BLACKLS5 BLACKLS5 is offline
Yenko Contributing Member
 
Join Date: Dec 2010
Location: NE Indiana
Posts: 510
Thanks: 99
Thanked 124 Times in 54 Posts
Default

It looks like they may have raised their fees, so it's probably not the money saver Ebay would like you to think. Should we have expected anything less?
__________________
70 Chevelle Vert L34 M21 28-A 791
70 Chevelle Cpe LS6 M40 14-14 756
70 Chevelle Cpe L?? M?? 926-99616 755
69 Chevelle Cpe L78 M21 71-B 756
Reply With Quote
  #8  
Old 01-22-2021, 01:22 AM
Bill Pritchard Bill Pritchard is offline
Yenko Contributing Member
 
Join Date: Mar 2002
Location: Valley of the Sun, AZ
Posts: 5,077
Thanks: 712
Thanked 625 Times in 372 Posts
Default

Quote:
Originally Posted by L78_Nova View Post
For Friends and Family they charge the sender the fee !
I've purchased several things (mostly from this site) using the PP F&F feature and have never been charged a fee.
__________________
Bill Pritchard
69 Chevelle SS396 Post Sedan, Cortez Silver, L35 M20
Reply With Quote
  #9  
Old 01-22-2021, 01:34 AM
Mr70's Avatar
Mr70 Mr70 is offline
Yenko Contributing Member
 
Join Date: Jan 2001
Location: West Of Chicago
Posts: 19,747
Thanks: 7
Thanked 1,556 Times in 817 Posts
Default

If you pay as F/F through a Bank checking account,Paypal won't charge any fee,and you as a Buyer have no retaliation if the deal goes sour.
But if you pay as F/F with a credit card,paypal charges a fee,because the CC company will easily give you a refund if the deal goes sour & you have a strong case,and they charge paypal in the process too.
Paypal HATES the credit card companies.
Reply With Quote
The Following User Says Thank You to Mr70 For This Useful Post:
PeteLeathersac (01-22-2021)
  #10  
Old 01-23-2021, 02:33 PM
Starship Starship is offline
Yenko Contributing Member
 
Join Date: Jan 2007
Location: Connecticut
Posts: 188
Thanks: 15
Thanked 68 Times in 29 Posts
Default eBay

I changed the "handlining time" on my auctions from 2 days to 4 or 5. I wouldn't ship anything until I have access to my money, regardless of what eBay wants. BLACKLS5, eBay has NEVER been " in the best interest of the seller".
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 10:51 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2022, vBulletin Solutions Inc.