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?