Scared you, right? Well if you're a seller on eBay AU or eBay UK, you've already been met with this fate. Yesterday, eBay announced that all sellers on the ebay.uk site must accept PayPal to sell on the venue. eBay AU's announcement came just a month earlier.
What does that mean for US sellers? Historically, eBay tests new features and/or majors changes on eBay UK about 6 months to a year prior to introducing it on eBay.com. So.....
eBay.com sellers MUST EXPECT that PayPal will be a required payment method to sell on any of their auction sites in the next couple of months.
What does this mean?
Well, probably not all that much. eBay has been trying to make themselves into Amazon.com for quite a while now. Amazon only processes their own payments, but it's included in their fees. EBay, on the other hand, will allow other payment methods other than PayPal.
In fact, our most successful clients all accept PayPal. Yes, there is a bit more fraud to deal with, but you should already have a third party insurer to back you up in case this happens. We still see that when presented a choice between CC and PP, over 80% of eBay purchases (on average) will go PP.
The only thing to worry about is if PayPal will be raising their rates. I doubt it, since PayPal is ever trying to expand their off-eBay business, and trying to compete with other merchant service providers.
Bottom line? Not much to worry about here...
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2 comments:
I got rid of PayPal a year ago and never looked back. Sales were not affected...
I HATE PAYPAL i am actually leaving ebay rather than use that. i am a buyer only. and i cannot WAIT til ebay gets their asses sued.
ps in Australia they had to overturn it as ITS A MONOLOPOLY forcing buyers to use it. so we shall see what happens. i buy a lot on ebay, i make sellers a lot of money. its absolutely criminal.
and the funniest part is that SO many sellers do not know the HUGE number of paypal chargebacks (where the buyer claims they dont get something and they do, but STILL claim a refund on paypal) is RAMPANT. its tough knowing the truth and being muscled to not say anything...
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