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eBay sellers can no longer use PayPal under new terms

eBay sellers can no longer use PayPal under new terms
01.06.2021
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New terms of use for eBay have come into effect which mean the online auction house will now pay sellers directly rather than through PayPal.

PayPal was acquired by eBay in its early days in 2002, and the two firms have worked in partnership ever since.

The changes mean that while eBay buyers can still pay with PayPal, sellers will be paid straight into their bank accounts.

But some sellers have threatened to stop using the service over the move.

EBay’s forums have several posts from sellers who say they are reluctant to use the new system and give eBay direct debit access to their personal bank accounts.

But the new terms, effective from 1 June, say the new “managed payments” system is compulsory, and the company has the power to limit or remove listings from sellers who refuse to use it.

The company says the new system is simpler, convenient, and gives buyers more payment options – and the rollout will be gradual.

The move also means that buyers will automatically have access to every payment option available – including credit and debit cards, Apple Pay, Google Pay, PayPal, and PayPal Credit.

However, payments will now take two working days to be transferred, while PayPal was usually on the same day.

The feature has been rolled out since about 2018, an eBay spokesperson said – with business sellers moving first. An estimated four million sellers are already using it.

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