![]() This in-house system means you can sell and get paid all in one place. The idea behind this is that their internal platform is more streamlined, saving you time and money. How Does eBay Managed Payments Work?ĮBay wants to keep all of your transactions within their platform. It remains to be seen how well it rolls out. Even eBay’s former CEO Devin Wenig admitted that If these changes concern you, you’re not alone. The good news is, it should make life easier with consolidated fees, customized reports, refunds and returns, labels, simplified protections and tax documentation, all accessible through your eBay account hub. So, how will this impact you as a seller? ![]() As a seller, you now have no choice but to “Managed Payments is the new way to do business on eBay all sellers will eventually be required to have eBay manage their payments in order to keep selling on eBay.” eBay Managed Payments replaces Paypal with a new way for sellers to manage their eBay business. For the past 5 years, you’ve still been able to utilise Paypal as part of your eBay experience. In 2015, Paypal and eBay broke apart, with Paypal becoming its own business entity outside of eBay. Reconciling all transactions across the two platforms was time-consuming, causing inaccuracies, challenges with dispute resolutions, and delays in funds.ĮBay Managed Payments: eBay’s new payment system. But for those who run a business buying and selling items on eBay, reconciling accounts can get messy at the best of times.įor eBay, all payments and purchases were previously routed via Paypal, a subsidiary of eBay. ![]() Since its inception in 1995 (just one year after Amazon), eBay has capitalized on the obsession we have for both online shopping and selling. ![]()
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