In this blog we’re going to discuss how managed Payment ebay works better than paypal.
eBay started managed payments account on september 25, 2018. Early stage eBay allowed only a limited number of users from the US.
eBay Managed payment account is a one stop solution on eBay platform for payment transactions between sellers and buyers.
Within 21 days, it reached huge publicity and gained over $21 million, then eBay started to move more and more sellers to the program.
In the upcoming years it is expanding its managed payment ebay systems to the UK, Canada, Australia, Germany and currently adding France, Italy, Spain and soon China.
When a buyer used to buy using any of the options from managed payments, the eBay platform accepts payment by itself and sends it to the seller’s account.
Let’s discuss why managed Payment ebay works better than paypal
From the inception of eBay they have been using third party payments solutions. Paypal has been famous among them.
Earlier payment processing is a hectic process for the buyers where they have to switch between eBay and PayPal
However the payment has to be done within a certain time, if session time ends before successful payment it adds extra pressure to the buyers.
It is even worse for the buyers without a paypal account, they have to create an account before they make a purchase.
Managed payments will deposit the payments directly into your bank account, no more third party processing fees.
In this way managed payments works more easier than PayPal
Lower Processing Fees:
The processing fees for processing payments will be lower than paypal processing fees.
For sellers payments beyond $100 only be changed for 30 cents.
With bulk or single item selling the fee remains the same and helps to save money for sellers.
Payment Accepting Options:
When a buyer wants to pay through credit or debit cards using paypal.
It’s been a painful hooping between applications and payment gateways.
With managed payments credit and debit card payment will be deposited directly to your checking account.
Earlier there are not many options left to the buyers, if sellers only opt in for paypal and buyers don’t have an account then there will be huge bouncing.
But now multiple options are available..
Buyers can use any of the below options to pay to their sellers
- Paypal & paypal credit cards
- Bank credit and debit cards
- With gift cards
- Apple pay
- Google pay
Apple pay and google pay options are only available to the sellers who opt in for that.
With opting in with managed payments sellers can expand their business globally with the use of global shipping programs.
It handles import, export, shipping and custom fees on behalf of yourself.
In sellers hub, sellers can download detailed reports on monthly transactions, shipping fees details, invoices, bills and performance insights.
It will be useful for the business to audit them easily.
No matter which option the buyer used to pay, you can still get to your bank account within two days.
A unique order number for your shipment can help with follow up and ease of reconciliation.
Centralized customer service:
An dedicated team assigned to help sellers for signing up and to solve any disputes during the transactions.
With 24/7 customer support and sellers will get all the fees, payment out on a single invoice.
With one stop solutions on payment, it is simpler to sell, simpler to get paid and simpler to manage your selling histories.
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