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Tuesday, December 5, 2023

eBay separates from PayPal after a long cooperation

It has been announced for a long time – now eBay has finally separated from PayPal. Sellers now have to resort to this new method of payment.

• eBay introduces new payment method for sellers
• PayPal and eBay terminate cooperation
• New payment method should increase eBay’s usability

eBay denies users PayPal access

As can be seen from a statement published on the seller portal of the online marketplace eBay , the US company recently introduced a new – and mandatory – payment method that no longer supports the usual use of a PayPal account. Selling via the online marketplace is now accompanied by direct access to users’ bank accounts, so that there is no longer any possibility of maintaining a separate PayPal account.
According to CHIP, the payment process will in future be supported by the Dutch company Adyen , which is known in Germany under the name “Sofort”. Adyen is the biggest competitor of the controversial Wirecard group.

That’s why eBay’s payment method has been changed

References to the new procedure and the mandatory changeover are mentioned in an email sent to TECHBOOK, a portal for IT and technology news. It says: “Your deadline for changing over to the new payment process ends on May 28th. After the deadline, you can no longer edit existing offers or add new items. Please change now so that you can continue your sales without interruption it’s very easy.”

As eBay states, the adjustment of the payment process should lead to an increase in the clarity of the website. It is emphasized that centralized payment processing eliminates the need to switch money. Sellers no longer have to move means of payment between bank and PayPal accounts in order to be able to make transactions. According to CHIP 356, the end-to-end payment process should also be adapted to that of the competitor Amazon in order to make the sales process more attractive.

That should be noted

CHIP advises that the online auction house will charge a processing fee in the future. According to this, sellers should soon pay 0.35 euros for the service of the sales platform, to which eleven percent of the total sales price will be added. Prior to the switch, a transaction on eBay was associated with a 10 percent fee of the total sales price to be paid to eBay and 2.49 percent of the total sales price to be paid to PayPal.
CHIP also reports that sellers have already contacted us to point out problems that have arisen with the new payment method. This includes, among other things, a time delay in incoming payments. eBay promises users a period of two days, but it often takes a whole week to implement it.
For buyers, however, nothing is currently changing, according to WinFuture. For eBay purchases, PayPal can still be used in addition to other payment methods.

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