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eBay Managed Payments

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The meaning of the new eBay managed payments 

Managing payments improved the selling and buying experience on eBay, provides buyers with several ways to pay and several platforms for the seller to accept the profit. eBay has managed billions in payments for thousands of sellers with PayPal but with the new eBay managed payments eBay will require all sellers to register for eBay to manage payments in 2021.

The reason for the managed payments

this change has come for some reasons: 

It is more simple to sell –

With the new eBay managed payments it is easier for buyers to pay. And that is why the sales will grow, with these managed payments it is more flexible, with more payment options for buyers.

Low fees- 

With the new eBay managed payments the fees are lower, in that way you can save a lot of money and profit more. 

Pay lower fees and profit more.

Simpler to manage your online business-

All the information that requires to manage your online business in one place, reports, returns, claims, and disputes, all in one place.

Did you get a message from Payoneer?

When you have received a message from eBay that recommends is to register before the deadline. And avoid any interruption to your online business. This process consists of several simple steps. Once you have done the registration, eBay will send you some details about how to prepare your online business.  And take full control of a simpler approach to payments.

To complete the process, the seller and buyer have to open a Payoneer account. The managed payments allow buyers and sellers to lead global payments.

the new managed payments allow sellers to easily receive funds associated with their transactions on eBay.

This new partnership allows sellers to manage all their financial transactions on eBay. By streamlining the selling process, you can more easily manage profits.

If you have a Payoneer account you will be able to connect your account to your eBay account as part of the Changement to managed payments  

If you don’t have a Payoneer account, you will need to open a new account to complete the new managed payments process. Without this part you won’t be able to be a seller on eBay. 

Payoneer will request information for your registration, please provide this information to is complete the process.

As part of the registration process, the seller can choose to add any bank account.

Please make sure that the name, address, and business information on your bank account are the same as your eBay account.

eBay will work closely with sellers to make sure that the new payments experience provides a solution to all the seller’s needs.

Once you register, nothing should change until eBay will activate your account.

eBay will send you an e-mail that notifies you about the deadline date of your activation. This message will include information on the new managed payments.

 

Learn what are the benefits of the new eBay-managed payments?

 

 

Tripple Mars - Motive

The Benefits Of The New eBay Managed Payments

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The Benefits Of The New eBay Managed Payment.

Since its inception in 1995 eBay has capitalized on the obsession we have for online shopping and selling. But for those who run a business buying and selling items on eBay, reconciling accounts can get messy at the best of times. 

For eBay, all of the payments and purchases were previously worked with Paypal, all of the transactions across the two platforms took a lot of time-consuming, causing inaccuracies, challenges with 

refunds and payments. 

To resolve those issues, eBay transforms to the new Managed Payments.

What Are The New eBay Managed Payments?

After Paypal became an independent company, for the past 5 years, sellers and buyers still could use Paypal as part of eBay experience. 

However, that’s going to change.

eBay’s new Managed Payments, eBay has replaced Paypal with a new platform for sellers to manage their eBay business and for buyers to have the ability to pay in other options. 

According to eBay’s Managed Payments FAQ section: 

“Managed Payments is the new way to do business on eBay […] all sellers will eventually be required to have eBay manage their payments to keep selling on eBay”. 

Yes, As a seller, must use the new eBay Managed Payments. 

So, how will this effects seller on eBay? 

This change should make life easier with consolidated fees, customized reports, refunds and returns, labels, simplified protections, and tax documentation, all accessible through your eBay account.

How Does eBay Managed Payments Works?

In the interest of eBay is to keep all of your transactions within their platform. The idea behind this changmant is that eBay’s internal platform is more streamlined, saving sellers time and money. that’s means that sellers can sell and get paid all of the financial information in one place. 

Rather than funds being routed with Paypal and incurring additional fees, eBay manages the transactions between the seller and buyer. Sellers have access to their own ‘Seller Hub’ where you can track sales, obtain invoicing information, schedule payments, and more information.

The benefits of Using eBay Managed Payments:

Automatic funds transfer: in Contrast to the old platform of using PayPal and having to move funds to Paypal and then into your bank account. You can directly deposit your eBay balances into your bank account when using the eBay Managed Payments platform.

Payment options have increased:

  •  Credit cards
  • debit cards
  • gift cards
  • Paypal
  • Paypal Credit
  • Google Pay
  • Apple Pay 

are all accepted new and the buyer can easily pay. 

This can avoid a situation where the customer does not complete the transaction because of the fears of the buyer entering credit information in an unsafe manner

Better Seller Protection:

Paypal used to manage disputes as a third party, now sellers can manage those issues directly through eBay. This gives the seller more control in the complaints process. 

Fee:

There are lowers fees, using the new eBay Managed Payments. You’ll just pay a minimal 

the fee to eBay for each item sold and listed. 

Refunds And Returns:

With low fees lost to a third party, you can refund up to 100% of the purchase price on returns. These can be done simply with eBay. 

Easier Order Management:

Easily track your sales introduction of a single order number for each sale. This improves the seller’s ability to track stock levels. 

Great Shipping Options:

New eBay’s Managed Payments global shipping program ensures sellers can easily ship internationally.

Disadvantages of Using eBay Managed Payments.

Delay in finances:

The funds can 2-4 days for transferred from eBay to the bank account, some sellers have reported about 7 days for the transfer.

Additional Fees:

The transaction fee of $ 0.25 for each listing, now every order applies in addition to a payment fee of 2.7% of all the order value.

The coast of the new eBay Managed Payments As A Seller

The new eBay Managed Payments Fees are lower than before.

A fixed fee of 30 cents for every listing applies in addition to the standard post-sale fee.

Avoiding Paypal’s fees means that sellers will pay fewer fees for every deal that’s how sellers saving money and profit more compared to the pre-managed payment days.

So, Is eBay Managed Payments is better for sellers? 

The new eBay managed payments certainly have some details that are still missing, and there are as many good opinions as there are negative opinions about it.

As a seller this change is positive, eBay shared one seller’s perspective in detail 

The seller saves more than $ 1200 of Paypal fees compared to the old payments. 

It is easier to use the payments portal.

Easier Sales records numbers for tracking purchases.

The 30c saving 30 cents of each listing compared to the old system

funds transfer upload the sales, the buyer has more options to play safely.  

 

Registering a Payoneer Account to Manage Your eBay Payment

Registering a Payoneer Account to Manage Your eBay Payment

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The coordinated effort somewhere in the range of Payoneer and eBay(Payoneer Account to Manage Your eBay Payment) permits dealers to smooth out their eBay worldwide exchanges and effective administration of different installments.
Follow Triplemars step by step guidance to synchronize your eBay account to your Payoneer account(Payoneer Account to Manage Your eBay Payment)

Connect your eBay account with Payoneer
Our first step (after getting an invitation to connect Payoneer) is to connect your eBay store to Paypal.
1. Log in to your eBay account.
  1. Click on your SellerHub
    3. Connect a Payoneer account
    4. Click on “No, help me create one

 

 

 

 

 

 

 

 

After clicking on “No, help me create one”, you will be sent to sign up for a PayPal account

 

 

 

 

 

 

 

 

 

 

 

 

 

  1. Click on “Individual” / “Company” according to you account you would like to set up.
    Pay Attention- make sure that all of your registration details match you or your company’s verification documents.
  2. Click “Next”
  3. Enter your name, date of birth, and ID number.
    8. Create a password and choose a security question.
    Pay Attention- Keep in mind the answer to the security question; it is essential for the process to continue.

 

 

 

 

 

 

 

 

 

 

 

 

9. Enter your bank account information.

         Pay Attention– Your ledger data should be connected accurately to your eBay account data.

Connecting your eBay account with an existing Payoneer account.
1. Log in to your eBay account.
2. Click on your SellerHub.
3. Click on “yes, sign in”

  1. Connect to your Payoneer account

  1. This confirming message confirms the process between eBay and Payoneer in a reactive and confirming message.
  2. The following screen will be eBay when you’ve connected and logged in to your Payoneer account.
  3. Our next step is to sync the Payoneer account to your eBay profiles, check that all of the details are correct.
    Click “Continue”
    Pay attention: When you onboard to Payoneer, eBay will sync your eBay entity details to match those in your Payoneer account as part of eBay monitoring your payments.
  4. To get access to the Menage Payment you need to add backup credit card information.
  5. Click on “Submit Request” to complete the process.

  6. After a few minutes, you will receive an email that confirms your request
  7. . As part of the onboarding process, you will be requested to give more information within a few weeks of establishing your account. eBay will be able to authenticate your identity and business as a result of this action.
  8. Once you’ve gotten an email requesting papers for verification, please
    • Log in to your Payoneer account.
    • Click on Settings.
    • Add the documents.
      Pay attention: After examining your first documents, Payoneer may require you to give further more information.
  9. In the wake of giving all the data Payoneer will illuminate eBay that your Payoneer account is prepared. When your payouts to your Payoneer account are expected, eBay will notify you. This could take a few weeks.

Tip:
If you have several eBay store accounts registered under the same business entity on eBay, we recommended connecting them to the same Payoneer account.