what payment options are available to receive money on ebay besides paypal
E-commerce behemoth eBay is officially abandoning online payments system PayPal later on 15 years, opting for a new service that's expected to deliver benefits to sellers. eBay has announced that it will stop working with PayPal in 2020 and kickoff transitioning to Adyen, an Amsterdam-based payments visitor, later this year. Adyen'due south customers include tech industry giants Uber, Netflix, and Spotify. Adyen primarily provides back-end payments services, like credit menu processing, and won't have a visible presence at the eBay checkout, different the "pay with PayPal" button. eBay users will continue to have the choice of using PayPal until 2023, but it volition effectively be relegated to "second-course status". PayPal has been eBay'south main payments provider since 2003. In the same year, eBay caused PayPal in a deal valued at $1.5 billion. eBay and PayPal parted ways in 2015 and become separate public companies, but maintained close business organisation ties. The proclamation that eBay is officially breaking abroad from PayPal marks the stop of ane of the tech industry's "virtually storied partnerships". eBay says it'due south moving from PayPal to Adyen in order to "improve its client experience" past intermediating payments on its marketplace. "In doing and so, eBay will manage the payments flow, simplifying the end-to-end experience for buyers and sellers," the company said in a statement. It seems that the main motivation for the switch from PayPal to Adyen is enhanced user experience. eBay says that the ecommerce landscape is condign increasingly competitive and users wait to be able to both store and checkout on the site on which they transact. So rather than completing payments through an external provider similar PayPal, eBay wants to keep everything in-house and on-site with Adyen. Adyen's service extends to more than 150 currencies and over 200 methods of payments, which provides increased flexibility for eBay users. eBay says that it's focussed on improving customer experience, but what does the shift to Adyen mean for sellers? eBay says that "most sellers" tin expect to pay less for payments processing with Adyen compared to PayPal. However, in that location's no indication as to how much less. Currently, eBay sellers pay a transaction fee of 2.9% plus $0.30 USD of the amount beingness sent to apply the PayPal platform. So information technology can exist expected that near sellers will exist paying less than that in one case eBay makes the transition to Adyen. eBay says sellers will also benefit from a more than simplified pricing structure and more predictable access to funds. It sounds as though eBay is working on an integrated business dashboard for sellers to manage all aspects of their online stores in one place. In a statement, the company said it is "working on solutions to provide sellers with information nearly their eBay business, inclusive of payments information, in ane place so that sellers tin easily track and manage all of their transactions and customer interactions on eBay". While eBay is low-cal on details at this stage, it seems every bit though sellers can expect a raft of new tools to assist them manage their business on-site. This is a bold claim for eBay to make. Only the company believes that the switch to Adyen will allow sellers to "reach more buyers and improve conversion". eBay says that offer buyers a greater range of payments options and currencies volition allow sellers to reach more than potential customers. Also, having greater flexibility and a more than streamlined process at the checkout may reduce cart abandonment rates and increase conversions. The legitimacy of this claim is yet to be tested, only eBay seems confident that past making shopping easier for buyers, it will make business organization better for sellers. Sellers that rely on PayPal to conduct business on eBay don't have to worry about being left behind. PayPal will remain as a payment option on eBay until July 2023, assuasive enough of time for sellers to transition to the new arrangement. eBay says that "PayPal will remain an important partner". It seems that PayPal will continue to take a place on eBay, information technology will just be less prominent. It volition be business as usual for sellers on eBay during the transition procedure. However, eBay says that sellers should wait to provide them with "some additional payments-related data and transition to a new human relationship with eBay that includes integrated payments capabilities". The company says that sellers will be required to complete these steps in guild to go on selling on eBay. This won't happen immediately, but eBay expects that the transition for sellers will occur prior to July 2021. With an estimated 25 meg sellers on eBay, this transition will take some time to complete. The move from PayPal to Adyen has, for the almost part, been met with doubt within the eBay customs. Sellers have shared concerns virtually eBay potentially taking control of their coin, fees, and sharing payments-related data with a strange visitor. The lack of particular in eBay's public statement seems to have left sellers feeling unsure and concerned nearly the changes. It has also given rise to unfounded speculation around eBay's plans and intentions. However, some eBay users are choosing to "hold off judgement" until more information becomes available. eBay and PayPal take been joined at the hip for the best part of xv years. Even when the companies parted ways in 2015, they struck a deal that required eBay to conduct 80% of transactions via PayPal. In the aforementioned yr, eBay as well told sellers that they would no longer exist able to utilize culling payment processing services Skrill (formerly Moneybookers), ProPay, and Paymate. This is why the announcement that eBay is breaking away from PayPal is so meaning and, perhaps, why many sellers are upset well-nigh it. PayPal is familiar and reliable. Sellers don't accept to carelessness PayPal on eBay as the service will all the same be available until at least July 2023. For those who want to try an culling to PayPal on eBay, there isn't much to choose from. eBay says that information technology allows: It restricts access to: Even so, there are very few verified reviews of these alternative services online, suggesting that most sellers have been opting for PayPal. Also, some of these alternative online services are restricted to specific countries. For example Allpay.net merely works in the United Kingdom and parts of Europe, and CertaPay is simply available in Canada. The news that Adyen's service extends to more than 200 payment methods could mean that eBay is about to become more flexible for buyers and sellers. Until eBay makes the transition to Adyen, it's probably safest to stick with the tried and true in PayPal.Why eBay abandoned PayPal
What it means for sellers
Lower costs for sellers by using Adyen
A central place to manage business concern
Greater accomplish and more sales
PayPal to remain equally a payment option
Sharing more than information
Reaction to the eBay-PayPal breakup
Alternatives to PayPal on eBay
Source: https://www.salehoo.com/blog/ebay-breaks-it-off-with-paypal
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