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According to eBay, by 2021, PayPal is Out and Adyen is In
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Started by Buzzetta,

50 posts in this topic

Buzzetta

Buzzetta

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Dear Andrew,
 
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

 

Thoughts?

Edited by Buzzetta
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ADAMANTIUM

ADAMANTIUM

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It didn't say that PayPal was "out" ??? just that it will continue to be a payment option....I assume if you use PayPal your still under its protection, regardless if ebay is "handling the money"....

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Buzzetta

Buzzetta

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1 minute ago, ADAMANTIUM said:

It didn't say that PayPal was "out" ??? just that it will continue to be a payment option....I assume if you use PayPal your still under its protection, regardless if ebay is "handling the money"....

According to a few reports I am reading form around this internet thing... 

It seems that by 2021, Adyen will be the on site processor.  PayPal will be an option but an offsite processor.  I am assuming here that by using paypal you would be using a payment that eBay would consider no more different than using cash or a personal check.  What I am curious about however is what type of protection will be offered on the eBay end by using PayPal.

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adampasz

adampasz

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29 minutes ago, Martin Sinescu said:
52 minutes ago, Buzzetta said:

The transition to full payments intermediation will be a multi-year journey.

I'm sorry that I live in a world where this is a real sentence.

It's such a great sentence, they put it in the letter twice!

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BeachBum

BeachBum

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Looks like Adyen is the platform eBay will be using to take in payments so eBay can get the processing fees from seller, something they lost when they separated from PayPal. It's Billions of dollars in processing fees. Right now PayPal is such a seamless payment integration for me I worry what the new system that eventually be forced on us will be like. If eBay starts holding back money a day or two (to earn interest) or forcing sellers to ship before payment is sent to their bank accounts it could awful. 

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ADAMANTIUM

ADAMANTIUM

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40 minutes ago, Buzzetta said:

According to a few reports I am reading form around this internet thing... 

It seems that by 2021, Adyen will be the on site processor.  PayPal will be an option but an offsite processor.  I am assuming here that by using paypal you would be using a payment that eBay would consider no more different than using cash or a personal check.  What I am curious about however is what type of protection will be offered on the eBay end by using PayPal.

I see what your getting at, and I'm not too familiar with "Adyen", sounds like ebay is trying to cut out PayPal as the middle man; Although, PayPal could offer some protection still. 

Ebay definitely favors the buyer at this point, hopefully they can write some rules or policies that favors sellers when it comes to money. I could see this helping eventually because PayPal couldn't handle the ebay policy side of things and vice versa, so with the middle man cut out, maybe ebay will see that their current way is too one sided. :wishluck:

Edited by ADAMANTIUM
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roach04

roach04

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I just got the email too.  Be interesting to see how this goes.  I think you guys are bang on - why let PayPal get the fees when eBay can get them (again).  I'm trying to remember why they sold PayPal in the first place...but too lazy to Google it.  

Never a dull moment with eBay.

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ADAMANTIUM

ADAMANTIUM

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I dislike typing long on a phone. I edited, but I meant ebay is one sided with the buyer, perhaps them cutting out the middle man will hold them responsible with the new policies concerning sellers at least when it comes to the money! (thumbsu 

and maybe it won't be so buyer oriented 

Edited by ADAMANTIUM
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GM8

GM8

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I got that email also.

Here's how it will play out in my opinion:

1) Ebay sends out letter with wonderful words and stories.

2) They take more money.

3) I use their system to be square or just losing less money in the end.

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ygogolak

ygogolak

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6 minutes ago, GM8 said:

I got that email also.

Here's how it will play out in my opinion:

1) Ebay sends out letter with wonderful words and stories.

2) They take more money.

3) I use their system to be square or just losing less money in the end.

They were already screwing you. PayPal was not the perpetrator on fees. They are no different than any other credit / debit transaction.

I would assume after the spilt and subsequent contract that eBay gets a cut of PayPals transactions done on eBay. And, there were negotiations regarding a new contract and this company made a better offer.

Edited by ygogolak
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Mr.Mcknowitall

Mr.Mcknowitall

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It is baloney. Click on the ebay inc. announcement link, for starters. Then read the whole thing again. It is an exercise in how not to structure a sentence. Imagine you are a major financial process entity. Are you are going to have 2 sales VPs make a major financial impact announcement? "Payments intermediation" is gobbledygook.

Paraphrasing my words in another thread, this "memo" can be condensed to " I agree to send to me the money you send to me".

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1Cool

1Cool

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12 minutes ago, Mr.Mcknowitall said:

It is baloney. Click on the ebay inc. announcement link, for starters. Then read the whole thing again. It is an exercise in how not to structure a sentence. Imagine you are a major financial process entity. Are you are going to have 2 sales VPs make a major financial impact announcement? "Payments intermediation" is gobbledygook.

Paraphrasing my words in another thread, this "memo" can be condensed to " I agree to send to me the money you send to me".

I still don't know what payment intermediation means.  Is it the same as payment collecting?

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