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When you are ready to learn the different methods for you to get paid on eBay, keep scrolling below to find out...
The decision to discontinue its partnership with Paypal is to cut the middleman from the process. Because of this major change to the payment system, all transactions are handled by eBay in-house.
eBay managed payments
If you are thinking about creating a seller account on eBay, or you already have one, it pays to know the updated payment processing system implemented on eBay. The revised payout method for an eBay merchant account was introduced in 2021. It uses a one fee structure wherein the commissions and the payment processing are done under one system.
Step 4: You may use the available funds in your account that has not been transferred to your checking account or debit cards yet. For example, if you sell items valued at $200 and you are expecting $180 in your account from that transaction. You can use that $180 to pay for the shipping of additional orders you receive in your seller account.
While it's good that the eBay managed payments system streamlines the payment processing, it can also pose a challenge. It will be difficult for sellers to keep track of the fees that they are paying since those are automatically deducted upon receiving payment.
The Bottom Line
The NEW eBay Managed Payments system is not without a flaw. However, it is finally the solution for those looking to tap into other online payment services or get their funds direct to the bank account without using Paypal.
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