intermediating payments

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Rufus T. Firefly
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intermediating payments

Postby Rufus T. Firefly » Thu Feb 01, 2018 9:20 am

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.


Pushing out Paypal? Pushing out the non-businesses? I guess it's another wait and see.
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healey36
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Re: intermediating payments

Postby healey36 » Sat Feb 03, 2018 8:15 am

Sounds like the non-compete clause in the forced PayPal spin-off has expired and eBay wants back in...tired of losing 2-3% on every PayPal transaction.

Rufus T. Firefly
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Re: intermediating payments

Postby Rufus T. Firefly » Sat Feb 03, 2018 5:01 pm

healey36 wrote:Sounds like the non-compete clause in the forced PayPal spin-off has expired and eBay wants back in...tired of losing 2-3% on every PayPal transaction.


Seems to be what that means reading in between the lines. Not totally sure what the rest of it means - pay eBay and then eBay pays the seller?

Sounds like this portends the end of the non-business user of eBay
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Tom Dempsey
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Re: intermediating payments

Postby Tom Dempsey » Sat Feb 03, 2018 9:04 pm

Or it's about picking up money on the float.

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healey36
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Re: intermediating payments

Postby healey36 » Sun Feb 04, 2018 9:12 am

Between the factor on the credit card and the fee Paypal draws from eBay, they're probably dropping somewhere between four and six percent combined on each transaction. EBay can halve that buy cutting out Paypal and handling the transaction themselves. I'd be curious to know what percentage of eBay transactions still get settled via Paypal, post divestiture...I bet it's still pretty high.

Rufus T. Firefly
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Re: intermediating payments

Postby Rufus T. Firefly » Sun Feb 04, 2018 9:45 am

healey36 wrote:Between the factor on the credit card and the fee Paypal draws from eBay, they're probably dropping somewhere between four and six percent combined on each transaction. EBay can halve that buy cutting out Paypal and handling the transaction themselves. I'd be curious to know what percentage of eBay transactions still get settled via Paypal, post divestiture...I bet it's still pretty high.


Except that they are not going really handle it all themselves:

We have signed an agreement with Adyen, a leading global payments processor, to become our primary payments processing partner.


A Dutch company....... So maybe just a better percentage deal for eBay?
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healey36
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Re: intermediating payments

Postby healey36 » Sun Feb 04, 2018 11:55 am

Missed that bit...agreed.

E7
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Re: intermediating payments

Postby E7 » Sun Feb 25, 2018 11:24 pm

My perception is that Feebay would like to become another Amazon. They say Paypal will remain a payment option. I read that is it will remain an option until it's NOT one.

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rogruth
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Re: intermediating payments

Postby rogruth » Fri Mar 23, 2018 11:16 pm

I have decided to let you guys get this all figured out before I try to understand it and will then continue to not use e-bay.
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