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Dear shaunyshaun1234, |
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 paymentsinfouk@ebay.com. |
We’re looking forward to what’s next, and to getting there with you. |
As always, thank you for selling on eBay. |
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Comments
I think this will be the end of me selling on eBay
Nowadays I can spend it anywhere pretty much.
= corporate wank-speak for "It will take us several years to get this right. In the meantime, expect hassle."
Seriously: If you value it, take/fetch it yourself
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https://www.cnbc.com/2017/02/08/adyen-company-behind-facebook-and-uber-payments-reveals-huge-transaction-growth.html
$90 billion in transaction volume is obviously a long way behind Paypal with $354 billion in 2016 but it's a start. A genuine competitor to Paypal is a good thing.
I don't book cabs and don't use Netflix directly, so no, I haven't done either ...
It is the experience of my long life that competition is not always a good thing. Contrary to what the government of the day thought, privatising utility services and then giving them all free rein to try and out-do one another through 'competition', has not worked out well for most of us on the receiving end of the results.
Of course, I wouldn't dispute that any company with a turnover in the billions was not a major player, but I still think that if you did a survey across a wide spectrum of eBay users, only a small proportion of them would have heard of Ayden and be happy that the payment service they had used and trusted during the growth of eBay from a fledgling company to the global entity that it is now, was going to be side-lined in favour of them ...
Any jobs going in your Paypal Social Media Management team?
Privatising utility services has indeed been highly problematical. We're not talking former state utilities here though so the relevance is questionable.
Remember this: the growth of Ebay featured the development of Paypal. Whilst Ebay was growing, problems with Paypal were absolutely bloody rife. The shitty publicity Paypal got didn't stunt the growth of what is now two massive companies. Clearly users decided to trust Paypal despite an awful lot of shitty coverage due to payments withheld, accounts suspended etc. There's also the small matter of Ebay being a hotbed of fraud, tax dodging, and generally fuckery for years. Didn't harm the growth too much now, did it?
I'm trying to find complaints about the service Ayden provide and can't really find any by comparison.
http://www.alphr.com/business/1008371/ebay-paypal-contract-ending?_mout=1&utm_campaign=alphr_newsletter&utm_medium=email&utm_source=newsletter