The decision to discontinue its partnership with Paypal is to cut the middleman from the process. Because of this major change to the payment system, all transactions are handled by eBay in-house. Removing Paypal accounts as an option for sellers to get paid on eBay also offers practical benefits to the eBay sellers. Many sellers have complained about the expensive Paypal fees that cut a significant chunk of their already-slim profit margin. Therefore, taking out Paypal as one of the eBay payment options is a good thing for the majority of the sellers as you can maximize your earnings and reduce external fees. If you are thinking about creating a seller account on eBay, or you already have one, it pays to know the updated payment processing system implemented on eBay. The revised payout method for an eBay merchant account was introduced in 2021. It uses a one fee structure wherein the commissions and the payment processing are done under one system. Is the eBay managed payment system the best way to get paid on eBay? Let's take a look at the pros and cons of the managed payments from eBay. Cons of the eBay Managed Payments Harder to Monitor the Fees While it's good that the eBay managed payments system streamlines the payment processing, it can also pose a challenge. It will be difficult for sellers to keep track of the fees that they are paying since those are automatically deducted upon receiving payment. Hopefully, we've enlightened you on the new way that you can get paid on eBay. It's important to know if you have an eBay account or store because it can affect how you can receive payouts and how much you actually receive.
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