Wow! New Selling Rules on E-Bay

Am I missing something??? I still don't see where ebay will only allow PayPal!
"Faster, more reliable checkout on eBay
Starting this fall, we're moving to an electronic checkout process that's faster and more reliable for sellers and buyers. As part of this move, checks and money orders will no longer be accepted on eBay, although buyers can still use these payment methods for item pick-up, at the seller's discretion. In addition, the electronic payment methods will be fully integrated into eBay checkout. For example, if a seller has an internet merchant account, a buyer will be able to directly enter a credit card and never have to leave the site.

Today, items paid with check or money order are 80% more likely to result in an item not received (INR) than those paid with credit card or PayPal. Also, buyers who pay with check or money order are 50% more likely to leave negative feedback than those who pay with electronic methods. So starting in late October, 2008, we are moving to 100% electronic payments - credit cards, ProPay, or PayPal.

This means that sellers will be able to offer credit card payments through their own merchant accounts, and payments through ProPay and/or PayPal, with all payment methods integrated into the checkout process on eBay. Seller will also get paid faster and be able to ship items quicker. And remember, for those buyers and sellers who use PayPal, we're backing every eligible transaction with our buyer and seller protections."


Also I don't see where they are limiting S&H much either!
"In addition to shipping incentives, we're introducing limits on shipping and handling charges in one of our biggest and most competitive categories, Media (Books, DVDs & Movies, Music and Video Games).

This means that Media sellers will need to offer at least one shipping option within the specified limit. The dollar limits are fair, especially compared to what e-commerce competitors typically charge for shipping. With this move, we're also ensuring that buyers encounter fewer excessive shipping charges, which is the number one reason they leave the site."

 

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Well...obviously. Sometimes however, I find a coin I really like and want, being sold by a very good seller. For example I just won an auction for a 1909 VDB MS64RD, and I sent a check because that's all he took. It's a great looking coin from the pics and he's a trustworthy seller. It didn't bother me that much, only because the seller's in Michigan as well and I know it isn't going to take long for it to get 45 miles from here.

On the other hand, when I see a coin I'd like, but also see that the seller is in say, Washington or California, and only accepts checks/M.O.'s, no matter how good a deal I could get, or how good a seller I just pass. Simply because I don't like the hastle of sending a check/M.O.

I already am aware and understand completely everything you said, but thanks. I've done a lot of business on eBay, and I'm just saying it's nice to see them putting a stop to checks/M.O.s

Just my 2cents

 

As far as the shipping goes, the next thing you know you will have your starting bidd at shipping cost or above and shipping will be included in the final price so ebay will get shipping cost added to their final value fee.

 

They will allow direct credit/debit card payment, PayPal, PayPro (which I will not go into in this thread or at this time), and "in person" payment.

Now here is what is really going on!

Your payment, whether it is via your credit/debit card, PayPal, or PayPro, will be processed directly by eBay!!!

Understand that. eBay will be the entity electronically processing your payment! Your credit card, PayPal account, or PayPro account will be debitted directly by eBay. After receiving the funds from the buyer's account, eBay will then "process" the payment and credit the seller's appropriate electronic account!

Now, here is what they will try to say is good about the whole thing. You can be a merchant and the buyer will be allowed to pay with credit card, PayPal, or PayPro...whichever service they choose. And you as the seller may receive ALL of your payments into one account...PayPal or PayPro...whichever you choose.

If you thought dealing with PayPal was a headache trying to get your money back on a bad deal, or suddenly having your funds dissappear out of PayPal, wait until you have the headaches of having ALL of your financial transactions centralized.

And this is why your State Attorney Generals need to be contacted. Although there may be no current wrong doing, and they may not even be able to take any actions at this present time, if the AG's have concerns and complaints already filed in their offices, it will expedite action when the problems do indeed begin.

Not only that, but remember that PayPal must be a registered financial entity in each State. if they do not abide by the State's regulations, then they lose their license and charter in that particular State...of course, this is all dependent upon people actually filing the complaints with the Attorney General's offices and the appropriate regulators.

This also means that eBay must have it's own entity's licensing. They may not depend upon the charters and licenses of PayPal because eBay itself will now be the active party in electronic funds transfers and processing. If eBay does not have an appropriate license in your State as a financial institute (usually an electronics funds transferrer), then they will be operating unlawfully.

And like I said before, contacting the appropriate authorities NOW sets up the framework for later. Because they are now an active party to the contract, they very well may be liable for all of those fraudulent and counterfeit coins and very well may have the legal responsibility for such (as they have in France). If so, this means they could very well be responsible for not only the direct cost to you for paying for and receiving counterfeit coins, but also statutory damages as well as any punitive damages a judge may deem fit.

A pandora's box they really never should have opened up. And there will be those who would make the claim that if you do not like it, do not use them.

Well...the trust issues and possibilities here are beyond the scope of these fora, but there are many many more issues involved here, and I do not personally believe eBay will escape all of this unscathed...especially when investors retaliate.

 

That's exactly where they're headed, but we'll leave that discussion until next year when it will be implemented.

 

I mentioned earlier that the trust issues with eBay are beyond the scope of these fora, but in a way, its not. So I'll just leave this little bit of cud to chew on and think over for a while:

eBay has been involved in a vast number of lawsuits these past three years against competitors. Most of what they have gone to court over had to deal with trade/servicemark and copyright/patent issues (site setup, look, feel, etc).

Recently, however, eBay has been involving itself in obtaining position in smaller (even private) corporations (including Craigslist) in order to file investor lawsuits against competitors. As eBay continues this trend, where will you turn to? What if you favorite auction sites (Teletrade, Heritage, etc) get their stocks muffed into eBay hands? eBay can then easily force those competitors out, much like they force a number of smaller competitors out and are working on Cragislist right now.

I'll leave it at that.

 

I woulda said:

WELL DUH!

That's my point exactly! You have the choice of whether or not to accept the terms. You say there are instances that you would, and those that you would not. If you really were interested in a coin, but do not accept the payment options, you always have the ability to have a "meeting of the minds". Without such, eBay "auctions" would not be legal contracts. That is not to say that the seller must agree with it. You always have the option of "Ask(ing) The Seller A Question" and offering some form of incentive (if you win) for the seller to accept a different payment form...this is a legal contract, and your legal right to do so!

Again, what if you walked into a B&M and wanted a coin SOOOO bad that the dealer had. But, the dealer would only accept a DEBIT card and only with two forms of ID. If you did not have the dedit card (for whatever reason...even religious or you only had a CREDIT card), would you simply walk out with a cloud over your head? Of course not! You would try to make a deal with the dealer to accept a check with maybe three forms of ID or even cold hard cash! Yet, it is still the store owner's right to accept what payment he will for goods not yet transfered...there is no legal contract to buy/sell, only the intent.

However, with eBay "auctions", these are legal contracts, not intent! That means the debt has already been agreed to and the terms outlined as to payment of such debt. It is the time before you bid that there is intent, and this is the time that you and the dealer negotiate any terms of the contract that are unacceptable.

Another thing to consider as well, have you ever wondered exactly where eBay gets their numbers?

Ask yourself...where do they get that figure?? Really think about it. It's a lot like propaganda spewing over the radio in my town that "90% of Powell High School parents do not support this or that", and yet, a grave majority of these parents that I communicate with were never even polled on such issues.

Numbers can mean just about anything. Really think about something here. PayPal disputes are obviously NOT included in their calculations! Disputes conducted via PayPal are handled via PayPal...NOT eBay! Anybody who has dealt with trying to get a PayPal refund notices this right away. Not only that, but eBay wrote that comment in such a way as to not compare it to anything. It does not say 80% more likely to file than a payment made via PayPal...it simply says 80% more likely to file...no mention of what other payment formats it is comparing to. There are a number of other forms of payment that are neither check/MO nor PayPal.

Be careful of the propaganda, and read through into the bare facts of what is said.

Just out of curiosity, though, you make the comment "I'm just saying it's nice to see them putting a stop to checks/M.O.s". Now, if you do not conduct business via check/MO, why is this "nice"? Is it the expectation that the sellers you normally would not have bought from will now be forced to accept your preference of payment? if so, I wouldn't hold my breathe to terribly long, because a majority of them very well may jump the sinking ship and go "elsewhere", where ever that may be...but then again, they may not.

 

read the last sentence of your quote.

unless you pick up.....

 

From ebay

A more consistent buyer experience to drive more sales
Sellers will enjoy the benefit of millions of confident buyers as we make the following changes:
-Limits on shipping and handling charges in some categories
-Rewards for free shipping:
- Free subtitle; more search exposure
- Double PowerSeller discounts

Checks and money orders no longer allowed
New seller standards: minimum 4.3 on all DSRs

 

That is until January 2009!

 

I sell so little on Ebay anymore, I really don't care what they do, I consider it an advertising venue only and a spot to lose my lower end and problem coins only, except in special situations.

I can also recommend a book that I have found fascinating. " The Paypal Wars " about the start up and innerworkings of Paypal and the wars against the mafia, and Ebay, banks, etc. I am almost finished with it, and it is a can't put down book........

 

One last note about everything eBay is doing (effective Sep. 16, 2008), you all better take a look at the new Final Value Fees! Your coins are gonna cost you up to a 12% eBay FVF!!!

 

I was kind of emphasizing the "checks and money orders no longer allowed".

 

I really don't care about these changes. I've been using paypal only for several years already. If somebody doesn't accept paypal, I usually pass on the auction unless it's something I really want.

Shipping maximums were a long time coming. People selling coins, as a group, use 2-5 day shipping more than anybody I've seen on ebay but still ALWAYS charge a 2-3 day rate. This is very irritating to me. My buying is going to taper off dramatically I think. For all the money I've wasted on shipping over the years, I could buy alot of stuff locally.

On a side not, I just bought 2 small jugs of alk./calcium supplement, concentrated, and had to pay 16.50 for 2-5 day shipping. Already outrageous.
The guy didn't get it shipped last week. Said he would ship, from PA, first thing this week. Still haven't seen them and needed it last week. I'll be lucky if it shows up tomorrow. Far too much for cheap shipping and I still don't have. If he doesn't refund shipping, looks like I'll be leaving another neutral or negative. I'm getting tired of it.

Before somebody attacks me, I've sold a lot of stuff and many things MUCH MUCH harder to ship than simple dry goods that take 30 seconds to package up. Shipping is not that hard. Some sellers want the money but they don't want the inconvenience of going to the post office any time soon.