Hi readers, in this blog we’re going to discuss how the US managed Payments works for your US ebay sellers account and how it acts better than the US paypal account for the ebay sellers.
First of all let see on ebay managed payments
eBay started a managed payments account on september 25, 2018. Early stage eBay allowed only a limited number of US ebay sellers account holders to get beneficiary on this.
After the 21 days of its launch it tended to notice the amplified growth in the profit US ebay sellers account, like approximately gaining over $21 million, then eBay started to move more and more sellers to the program.
In general eBay Managed payment account is a one stop solution on eBay platform and this managed payments account is used for the online transactions between sellers and buyers.
With this success, it expanded 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 US managed Payment ebay works better than US paypal account
Previous to managed payment accounts, the US eBay sellers have the practice of using third party payments solutions. In this US Paypal account is more famous among the US ebay sellers.
But doing the transaction with the PayPal payment is really being a hectic process for the buyers and this influence them to search for the best payment provider platform
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.
US Managed payments account will deposit the payments directly into your bank account, no more third party processing fees.
In this way US eBay managed payments account works more easier than PayPal
Lower Processing Fees:
The processing fees for getting the payments is very lower than paypal. Sellers can save money by selling on bulk or single items.
For bulk and single item selling the fee remains same.
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 US 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 and google pay options are only available to the sellers who opt in for that.
With opting in with US 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 sign 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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