Tag Archives: eBay

eBay to begin processing Payments in-house by 2021

We all know that eBay split with it’s money printing machine (aka PayPal) a few years ago.

It never made sense to me that eBay never integrated it’s own payment processing system like Amazon Pay or AliPay. A simple credit card accepting option offered to all sellers instead of having to be forced to have to use only PayPal.

Well, today eBay announced a partnership with Adyen, A payment platform that I’ve never heard of. Honestly they should have just partnered with Stripe because it’s simply AWESOME.

Anyways, the integration will start (for a select few) in the second half of 2018, to be fully integrated by the time the PayPal partnership (aka the monopoly) ends in 2021.

Although I think that eBay needs serious and immediate internal re-construction. And this news is way too late (and will take long to actually work), I’m going to stay with a positive tone since this is post because it’s actually good news.

Here is copy the email announcement:

Dear eBay Seller,

 

eBay is happy to announce plans to further improve the customer experience by intermediating payments on our Marketplace platform. In doing so, eBay will manage the payments flow, simplifying the end-to-end experience for both buyers and sellers. We have signed an agreement with Adyen, a leading global payments processor, to become our primary payments processing partner. PayPal, a long-time eBay partner, will be a payments option at checkout for eBay buyers.

 

You do not need to take any action at this time. The transition to full payments intermediation will be a multi-year journey.

 

Over the past three years, eBay has transformed its business to drive the best choice, most relevance and most powerful selling platform. Building out our payments capabilities is the next step in that strategy.

 

Payments intermediation will bring significant benefits for eBay sellers. You can expect a simplified pricing structure, more predictable access to funds, and most sellers can expect their costs of payments processing to be reduced. We’re also working on ways to provide sellers a central place to track and manage their business, which can soon include payments information.

 

By offering buyers more choice in how they pay and expanding payment options into more geographies, eBay believes sellers will be able to reach more buyers and improve conversion.

 

The transition to full payments intermediation will be a multi-year journey. eBay will begin intermediation on a small scale in North America starting in the second half of 2018, expanding in 2019 under the terms of the Operating Agreement with PayPal. In 2021, we expect to have transitioned a majority of Marketplace customers to the new payments experience.

 

Again, you do not need to take any action at this time. As eBay gets closer to the initial phase of its intermediation efforts, we will share more details about this process and next steps for sellers. In the meantime, please read the eBay Inc announcement for further information. For any immediate questions or to share feedback, please email paymentsinfo@ebay.com.

 

We’re looking forward to what’s next, and to getting there with you.

 

As always, thank you for selling on eBay.

 

Bob Kupbens

Laura Chambers

VP, B2C Selling

VP, C2C Selling

 

eBay to Shutdown Classifieds

ec

Years ago eBay purchased global classifieds giant Kijiji. It did operate as Kijiji for a while until eBay finally (and slowly) changed it to ebayclassifieds.com.
Today, we received emails from eBay Classifieds that it will be shutdown shortly, I will assume that it’s because of the low traffic they have had since they made the switch.
eBay also had purchased mobile local trading app Close5 about a year or so ago and it looks like it’s gaining momentum in the ranks of local trading apps market. eBay is pushing Close5 to be “The” replacement of eBay classifieds as you can read in the email screenshot above.

About Close5: We have personally used it last year before our big move and were successful selling a few items we needed to get rid of, however other more popular local selling apps like Wallapop and OfferUp gave us better results.
eBay Classifieds will stop accepting new postings by the end of August and will completely shutdown by September 30th 2016.
RIP eBay Classifieds.

Happy Belated Cyber Monday 2015 (In Numbers)

cyber-monday-2015

It’s the day after Cyber Monday, we have just finished shipping and fulfilling our orders, and the numbers are in…

We have made more online sales on Thanksgiving Day and Black Friday than Cyber Monday this year.

Adobe analysis determined that 105 million people visited retailers on Black Friday and 103 million of them ended up making a purchase, also for the first time in history, Black Friday online sales topped the in-store shopping numbers.

Now with our numbers, if you count the entire weekend from Thanksgiving until Cyber Monday at midnight, all of our online sales were up a 12.3% comparing to last years sales. However, for Cyber Monday alone, the sales went down 7.9% (again compared to last years totals).

This is not counting the incredible success I had with the Master eBay In A Weekend course that I ran a promotion for last week, we sold all 500 spots in a record 3 days and 2 hours from the second I launched it. (for those who have been asking, I may open a few more spots at the same price, I just have been busy with Cyber weekend sales).

I think more people are realizing that shopping on Amazon or eBay is safer, easier and for almost the same prices as if you went to wait for a week outside of Walmart to get the best deals just to end up stepped on by the herd of people behind you, even worse to look like an idiot like this guy in this video going up the escalator the wrong way! (Enjoy the video and happy Cyber Weekend).