Stories
Slash Boxes
Comments

SoylentNews is people

posted by Fnord666 on Thursday February 01 2018, @11:59PM   Printer-friendly
from the done-with-the-pay(pal)ola dept.

Arthur T Knackerbracket has found the following story:

People buying items on eBay will be able to pay without leaving its website, and sellers will have lower processing costs, the online giant said in a blog post.

EBay has signed an agreement with Dutch firm Adyen to process payments, but buyers will still be able to use PayPal on the site until at least 2020.

PayPal was spun off from eBay in 2015.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 0) by Anonymous Coward on Friday February 02 2018, @01:42AM (4 children)

    by Anonymous Coward on Friday February 02 2018, @01:42AM (#631826)

    Yes, by the time you add the eBay fees and PayPal fees together, it's a large percentage of the item you just sold. Especially on electronics - isn't it like 30% or something altogether?

  • (Score: 0) by Anonymous Coward on Friday February 02 2018, @03:10AM (1 child)

    by Anonymous Coward on Friday February 02 2018, @03:10AM (#631847)

    It's not that high, costs more in fees if you run a store I believe. Selling a car hurts in the fee dept.

    The last time I drew on PayPal to a bank account I think it was close to 10%, makes more sense for private sellers to leave it there ready for their next purchase sometimes.

    • (Score: 2) by crafoo on Friday February 02 2018, @03:46AM

      by crafoo (6639) on Friday February 02 2018, @03:46AM (#631854)

      If fees are that high for "Paypal Bucks" you might as well use bitcoin or something. That's a ridiculous "bank" transaction fee for a not-a-bank shop like Paypal.

  • (Score: 2) by frojack on Friday February 02 2018, @04:12AM

    by frojack (1554) on Friday February 02 2018, @04:12AM (#631871) Journal

    Probably true, but I've never bought or sold anything on eBay ever in my life.

    --
    No, you are mistaken. I've always had this sig.
  • (Score: 2) by Wootery on Friday February 02 2018, @09:54AM

    by Wootery (2341) on Friday February 02 2018, @09:54AM (#631933)

    In my experience (in the UK), when you sell something on eBay you can expect to keep about 90% of what the buyer pays (ignoring postage costs). eBay and PayPal take their cut, but all things considered, I'm not complaining.

    A couple of times a year, eBay do a promotion for sellers where the final value fees are discounted by 50% or 75%, or even a hard cap of £1. [ebay.co.uk] Good deal if the timing's right.