ebay is replacing PayPal as main payment option

[Leafsman]

That's according to this article:

http://money.cnn.com/2018/02/01/tech...yen/index.html

Thoughts?

[RGM81]

Crucially: "It will also remain a payment option at checkout for eBay customers until July 2023."

Times changes and so does business with it. It will probably cause some issues in the long run for the average customer but doesn't look like it will be immediate.

[camsue]

Going to be interesting to follow

[10-4 collector]

« EBay said the benefits of the changes would include lower costs for sellers and more payment options for buyers »

Anybody want to bet ebay will then increase their fees?

[Leafsman]

Crucially: "It will also remain a payment option at checkout for eBay customers until July 2023."

Times changes and so does business with it. It will probably cause some issues in the long run for the average customer but doesn't look like it will be immediate.

For a collector like me, it might go either way. I don't have (and won't be getting) a credit card, so if a credit card is the preferred method of payment, I'm done with the hobby.

However, I'm hoping more payment options will be available. I realize that ebay is an online entity, but I see no reason why an American money order isn't an acceptable form of payment. I am hopeful that more people would be receptive to this idea.

Not too far down the line, physical money will cease to exist; I'm well aware of that. I'll cross that bridge when I get to it.

[creasecollector]

Crucially: "It will also remain a payment option at checkout for eBay customers until July 2023."

Times changes and so does business with it. It will probably cause some issues in the long run for the average customer but doesn't look like it will be immediate.

I think this is the key right now. PayPal will still be a payment option, and I'm sure we can adapt to something new (whatever that is) when July 2023 rolls around and PayPal is no longer a payment option.


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[30ranfordfan]

They don't want you to use a money order, because it isn't instant. If you owe a guy $20 USD, and have to mail that to him (which comes out of your pocket) it will likely take a week, or more, to get from Canada to the USA. Then he's got to take it to a bank to cash, a place he may never actually go to. I'm sure you'd find many people that would rather have just sold the item for less, than deal with that perceived hassle.

But that's mailing a money order.

You don't need a credit card to use paypal now. You just need a bank account.

Even if a credit card were mandatory to use - there's ways around it. You can get a prepaid Visa or Mastercard, load money onto the card as you see fit, and use that for paypay. It costs a couple of percentage points to load (and I think normally a minimum charge as well) - but it's like having a credit card without having a credit card.

On the broader topic: If eBay ditches paypal in favor of something else, so long as it's as simple as paypal.... and doesn't cost more... they'll be fine.

For a collector like me, it might go either way. I don't have (and won't be getting) a credit card, so if a credit card is the preferred method of payment, I'm done with the hobby.

However, I'm hoping more payment options will be available. I realize that ebay is an online entity, but I see no reason why an American money order isn't an acceptable form of payment. I am hopeful that more people would be receptive to this idea.

Not too far down the line, physical money will cease to exist; I'm well aware of that. I'll cross that bridge when I get to it.

[theboxbreaker96]

Since I was in my early teens I've used Paypal Credit. Its basically my own credit card. My moms credit card is on the paypal but I have rarely ever used it only when I was first getting started. I haven't touched her credit card in 8 years (I'm now 22). Paypal Credit has been a life save for me. I was able to purchase boxes/cases/singles I would never have had the chance to all because paypal credit. You get 6 months to pay off anything $99 or more. I've never missed a payment on there. I don't think a lot of people use it?

I agree as long as its as simple and doesn't cost more. That's the whole key.

[odjickfan]

Paypal is nice to deal on and off-ebay. It is used a lot on hobby sites like here on SCF. Will it be possible to pay things outside ebay with Adyen? Maybe we'll have to move to E-interac for sale on places like here.

[zunato]

For a collector like me, it might go either way. I don't have (and won't be getting) a credit card, so if a credit card is the preferred method of payment, I'm done with the hobby.

However, I'm hoping more payment options will be available. I realize that ebay is an online entity, but I see no reason why an American money order isn't an acceptable form of payment. I am hopeful that more people would be receptive to this idea.

Not too far down the line, physical money will cease to exist; I'm well aware of that. I'll cross that bridge when I get to it.

That's how Ebay worked back when they first started. Mailing turn around wasn't that bad back then. Then Paypal came around