Ebay will start managing payments on their marketplace in the UK in 2020. This means they will be managing the payments experience end-to-end for buyers on their platform. Sales transaction funds will be paid directly into bank accounts and no longer into PayPal accounts. The majority of UK business sellers will be expected to enable their account for managed payments by the end of this year. With eBay managing payments, they claim that they can simplify the end-to-end payment experience for buyers and sellers.
One Place For Everything
One place to access all reports and to manage disputes and refunds. A single company to contact for customer support and fees. Plus payouts directly deposited into bank accounts as well as payout scheduling options.
More Ways For Buyers To Pay
Ebay plan to provide buyers with a larger selection of payment options, such as credit card, debit card, Google Pay, PayPal and Apple Pay as a payment option on iPhone and iPad. This will all be done through eBay without you needing separate accounts to accept these payment methods.
Expected Savings For Sellers
Most sellers can expect to see savings compared to their current payments processing fees.
Sellers can express their interest to be one of the first to be enable for Ebay Managed Payments.