Jun 1, 2021
eBay sellers can no longer use PayPal under new terms
The changes mean that while eBay buyers can still pay with PayPal, sellers will be paid straight into their bank accounts. EBay's forums have several posts from sellers who say they are reluctant to use the new system and give eBay direct debit access to their personal bank accounts. The managed payments system means that PayPal fees will no longer be added to the process, though eBay has made its own fees slightly higher. The new system is 12.8% of the final amount including delivery, plus 30p in the UK. The old system was 10% for eBay, plus PayPal's fees, plus 30p. The difference favours the new system to the tune of pennies for most transactions. Some sellers believe eBay regularly sides with the buyer in such cases - and fear that refunds would be taken out of their bank accounts under the new system.
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