21-06-2021, 08:23 AM
Ever since Ebay sold Paypal a few years ago a divorce was going to happen, so the move was predictable. Banking standards and acceptance have allowed a "direct" mechanism to work, taking merchant fees etc out of the equation, so Ebay going direct to your bank account seems logical. That saves them about 0.75% over charging to a card, which on Ebay's turnover is worthwhile.
Marketplaces like Amazon charge 5-20%+ based on category (emergent pay less, dominant categories more) so Ebay is only working around the market average, and as Hedd says, it has reach and clout that others don't have.
If you want an alternative, support one (like this page) but as those of us who use Facebook know, there's a lot of people there, multiple groups, and it's free (currently). But people do ask stupidly repetitive questions, which irritates me (as may have been noticed)
Charles
Marketplaces like Amazon charge 5-20%+ based on category (emergent pay less, dominant categories more) so Ebay is only working around the market average, and as Hedd says, it has reach and clout that others don't have.
If you want an alternative, support one (like this page) but as those of us who use Facebook know, there's a lot of people there, multiple groups, and it's free (currently). But people do ask stupidly repetitive questions, which irritates me (as may have been noticed)
Charles