We all know that eBay is an influencing and leading online marketplace.
It allows their ebay sellers account users to sell, bid through auction and buy goods all over the world.
eBay is considered to be a place for both consumers and businesses to do online shopping and eCommerce.
This platform is well known for the businesses to consumers and consumer to consumer approach.
It was founded 1995 in CA, Since its inception it has partnered with paypal to fulfil the payments on their website.
Initially ebay managed payment account got launched in US 2018, later the company has expanded its ebay managed payment account option to Germany, the UK, Australia, Canada and is now adding France, Italy and Spain, additionally eBay stated that it is going to add China soon.
It got separated from paypal after it became an independent business after 2015. But still eBay allows their users to make transactions with paypal.
eBay started to send their sellers email about managed payments and it is compulsion to opt in with managed payments.
eBay expects all of their sellers to sign in with a managed payment system in the year of 2021.
According to them over one million sellers have already opted in since 2018 and in order to sell on eBay hereafter it is important to know about ebay managed payment account.
Importance of eBay managed payment account:
eBay is always interested to give their user(seller, buyer) a great experience during the entire process of the business.
By a managed payment system it tries to implement more of the customer centric approach to the process.
Ease of access: eBay claims that by signing up with a managed payment system the entire buying and selling process will smooth since the payment is not going to transfer from a third party platform.
More options: The buyers will now can pay by either debit or credit cards, apple pay, google pay, paypal, paypal credit or even with gift cards and the seller on other hand can receive and transfer funds to the bank from one point.
So, it is not compulsory to have two different paypal accounts for both buyers and sellers. The seller can schedule the payment straight to the bank.
Convenient operation: eBay explains that sellers will have all access in one place regarding their account. eBay claimed that the seller will have.
- Customized and consolidated report
- Simplified protections
- Tax documentation
- Payout scheduling on weekly and daily basis
- Consolidated and simplified fees – Since third party platforms have not been used for transactions which helps sellers to reduce processing fees.
eBay promises that no matter how buyers pay, the payout from eBay’s managed payment system will transfer funds to the bank directly within 2 days.
Any customer disputes will be handled from eBay and buyers don’t have to hopp back and forth to third parties.
More business options:
With the help of global shipping program sellers now can expand their business worldwide.
Custom, Shipping/Logistic charges, taxes, import and export fees can be handled easily from the global shipping program.
It allows sellers to list their products internationally. So expanding your business worldwide is possible with eBay without much effort.
Reduce bouncing rate:
One of the reasons for abandoning carts during selling is complicated or multi step payment systems.
Since the customer can pay with one touch and single payment system will reduce bouncing rate during purchase.
eBay has a dedicated support team for aged Bay managed payment account. During sign up and whenever help is required by sellers support will be there for all the time.
eBay enables API to check in and out the process of payment. It integrates with account API, finances API, fulfillment API, Post order API and Trading API.
eBay always tries to give enhanced experience to their users, as a part of that they come with a one place payment gateway to their sellers.
There are plenty of benefits to the sellers as they sign up with managed payments options from eBay.
From reducing fees to a streamlined approach, expanding business to get items listed internationally and more. So get signup with eBay managed payment option.
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