eBay is now managing payments
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- Victor I
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Re: eBay is now managing payments
I have a hard time believing that Ebay keeps a $200m float for two days (assuming on the third day, $100m is paid out and another new $100m replaces it) and earns nothing from it.
Last edited by HMVDevotee on Wed Mar 24, 2021 9:08 pm, edited 1 time in total.
- gramophone-georg
- Victor Monarch
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Re: eBay is now managing payments
Of course they earn on the float... and it nicely inflates their "cash on hand" figures, too.HMVDevotee wrote: ↑Wed Mar 24, 2021 8:44 pm I have a hard time believing that Ebay keeps a $200m float for two days (assuming on the third day, $100m is paid out and another new $100 replaces it) and earns nothing from it.
"He who dies with the most shellac wins"- some nutty record geek
I got PTSD from Peter F's avatar
I got PTSD from Peter F's avatar
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Onlineepigramophone
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Re: eBay is now managing payments
I have ceased selling on eBay since they changed the way in which sellers get paid.
Having spent my entire working life in positions of trust dealing with other people's money, I am not prepared to give eBay access to my bank account. If I ever decide to resume selling I will open a separate basic current account for the sole purpose of receiving payments from eBay. I do not bank on line, so provided that I make any withdrawals from the eBay account in cash it cannot be linked with any of my other bank accounts.
Having spent my entire working life in positions of trust dealing with other people's money, I am not prepared to give eBay access to my bank account. If I ever decide to resume selling I will open a separate basic current account for the sole purpose of receiving payments from eBay. I do not bank on line, so provided that I make any withdrawals from the eBay account in cash it cannot be linked with any of my other bank accounts.
- Inigo
- Victor VI
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Re: eBay is now managing payments
This globalization and the free access of big companies as Google, Microsoft, eBay, etc to one's data and bank accounts, no, no.. I neither like it at all. Whatsoever.
If I ever start to sell, I'll try to use the forum or whatever like place, dealing in the end directly with one person only, using PayPal or something alike. PayPal seems yet to be a fine place. I wonder how longer would THEY wait to put their claws on it too!
If I ever start to sell, I'll try to use the forum or whatever like place, dealing in the end directly with one person only, using PayPal or something alike. PayPal seems yet to be a fine place. I wonder how longer would THEY wait to put their claws on it too!
Inigo
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Onlineepigramophone
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Re: eBay is now managing payments
This situation came about because eBay and PayPal have parted company. The consequences are explained here :
https://www.moneysavingexpert.com/news/ ... ping-fees/
https://www.moneysavingexpert.com/news/ ... ping-fees/
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- Victor VI
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Re: eBay is now managing payments
A lot of unhappy people out there !epigramophone wrote: ↑Thu Mar 25, 2021 7:18 am This situation came about because eBay and PayPal have parted company. The consequences are explained here :
https://www.moneysavingexpert.com/news/ ... ping-fees/
- poodling around
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Re: eBay is now managing payments
Yes, but these days there are more and more organisations which are well able to make you (and me, and everyone) dance to their tunes when-ever they want.soundgen wrote: ↑Thu Mar 25, 2021 5:06 pmA lot of unhappy people out there !epigramophone wrote: ↑Thu Mar 25, 2021 7:18 am This situation came about because eBay and PayPal have parted company. The consequences are explained here :
https://www.moneysavingexpert.com/news/ ... ping-fees/
Resistance is, as I believe the word is, futile.
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- Victor I
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Re: eBay is now managing payments
Unfortunately, you are correct...........................poodling around wrote: ↑Thu Mar 25, 2021 5:16 pmYes, but these days there are more and more organisations which are well able to make you (and me, and everyone) dance to their tunes when-ever they want.soundgen wrote: ↑Thu Mar 25, 2021 5:06 pmA lot of unhappy people out there !epigramophone wrote: ↑Thu Mar 25, 2021 7:18 am This situation came about because eBay and PayPal have parted company. The consequences are explained here :
https://www.moneysavingexpert.com/news/ ... ping-fees/
Resistance is, as I believe the word is, futile.
Iowa Dale