eBay is running a promotion to entice sellers to pay additional fees in order to access their own funds more quickly. When eBay took over Managed Payments in 2019, sellers lost immediate access to buyers’ payments in their PayPal accounts, and in 2022, eBay introduced an optional paid service called “eBay Express Payouts.”
eBay is running a promotion this month to entice sellers to use Express Payouts, for which it charges sellers 1.5% of the payout amount, with a min of $0.25 and max of $15, to get their funds faster.
eBay’s 2022 announcement linked to a page where it explained payouts, where it published a tip that referenced the service, though not by name:
“Tip: Eligible sellers have the option to receive payouts to a verified Visa or Mastercard debit card for an additional fee. Payouts on demand to your debit card typically arrive within 30 minutes. For more information, see our article on updating your account details.”
That tip linked to a page where again it didn’t mention Express Payouts by name, but included the following information:
“Payouts to your debit card: Alternatively, eligible sellers have the option to receive payouts to a verified Visa or Mastercard debit card for an additional fee. If you’re eligible, you’ll find a banner with instructions for setting up your debit card in Seller Hub or My eBay.”
A seller forwarded us the email that offered the Express Payout promotion, which is by invitation only. The email stated in part:
“We’re offering you 3 free* express payouts so you can see how easy—and awesome—it is to get your money faster. To be eligible, just add your Visa or Mastercard debit card as a payout method by June 30 and use your free express payouts before then.
“You’ll receive your money in as little as 30 minutes so if you haven’t already, add your debit card today and learn more about express payouts!”
It explained that after the first three payouts, eBay will charge the normal fees, and advised the seller to review the promotion’s Terms and Conditions, linking to this page.
More fee’s
eBay starts by taking away regular promotional sales and all but forcing sellers to pay monthly for a “store.” They continue by assessing fees on shipping, then sales tax (even when the seller has no tax liability to the state in question, but don’t waste your time trying to explain that to eBay who swears they’re collecting tax “on the seller’s behalf”). Then, they raise the variable fee multiple times. Then they raise the fixed fee. Then they want you to pay extra to promote (and if you don’t, they are quick to throw that in your face when you report a site issue). Now they want even more money to get the money you already paid them most of?!
How long until fees are 110%?
You made a $100 sale? Great, you get NOTHING! But you owe eBay $10. Oh, and also, say goodbye to your item that you must pay to package and ship! Better hope the buyer doesn’t open a dispute… eBay will take your house next!
Remember when eBay claimed that their Mangled Payments would be just as good as Paypal. With Paypal I could get my money almost immediately, or I could use my Paypal debit card to spend that balance anywhere I wanted to. Now with scheduled disbursements, amazingly, they forget to send them some days. How can an electronic program forget to work? Well, when eBay makes millions a day on interest, skipping paying people for a week works out well.
the walmart dope wave his magic wand…poof…
more money for the cesspool..
magical innovations
WHY are people paying more for ACCESS TO THEIR OWN MONEY … it’s bad enough if a retail store tries to CHARGE EXTRA for CREDIT/DEBIT CARD use!! I am NOT in favor of paying EXTRA MONEY to any online marketplace just to get MONEY already owed!!!