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https://seekingalpha.com/pr/17451575-ebay-begin-rolling-google-pay-marketplace-platform
eBay is adding Google Pay to its Managed Payments program, apparently it will roll out in early April. Of course, Managed Payments applies to at most about 5% of eBay sellers, but that will rise as the year goes on, and should be much higher in 2020 and will be everybody by 2021 as I understand it.
Still nothing on folding PayPal back into the options, but that should come later this year.
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Amatino,
Yes. The Separation Agreement between PayPal and eBay required that initially ebay remove PP from its payment options if eBay was going to try Managed Payments. It also required that no more than 5% of ebay sellers could be enrolled in MP through June or July of this year, that goes up to 10% thereafter, and sometime next year the limits are removed, so ebay can put everyone in MPs.
Sometime later this year (I’m guessing after June or July, ebay can fold PP back in to MPs.) There has NEVER been any intention to permanently remove PP as a payment option for buyers.
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eBay explains Managed Payments here, but I’m still confused: https://pages.ebay.com/seller-center/service-and-payments/managed-payments-on-ebay.html
So what do you think the end game is for us sellers?
–Wont buyers be confused they cant use Paypal, even if it’s just temporary?
–Is the point to have buyers just add a credit card through Apple Pay, Google Pay, and Adyen?
–Will buyers need to create a new account to pay? -
i switched over my payment on ebay from my paypal to my debit card (it’s also paypal, but it could be any card). the reason being, some sellers turned on the new payment system, some haven’t and it was a pain to switch back and forth. so now i just pay with card that is saved and that’s it. could it be that easy in the future?
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Jay, I’m not in the MP program (although God knows, it isn’t because ebay hasn’t been sending me invitations LOL).
5% or less of all sellers offer MPs right now. Which means very few buyers are running into “No PP” situations with any frequency. I’m sure some are unhappy about it when they do run into it. I ran into it when I went to use my free shipping supplies coupon….the shipping supplies seller is in the program. If I remember right, I had to provide cc info, which I think I did not have to provide the second time, so apparently ebay keeps it on file. It was easy enough.
I don’t know all the details of how this will eventually play out. My general understanding is, a buyer with a PP account will be able to pay the way they usually do (once PP is back in the mix). What it comes down to is, BUYERS will have more payment options. I would expect many of them will continue to use PP, especially those who’ve been on ebay a long time. That shouldn’t be a problem. The difference is on the seller end. It won’t be PP processing the payment to us, it will be ebay/Adyen. The payments won’t go into our PP account, it will go to ebay and then our bank account. But from the buyer side, once PP is back in the mix, for most buyers it will be pretty much like always, except that buyers who prefer ApplePay or another payment method will have those other options.
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Adding to what Jay was asking, I thought that the Apple Pay thing was that you could use your phone to purchase items. And I thought it happened wirelessly.
I’ve never wanted to set up my phone in that manner or researched that payment method, so I’m not sure why I think that. I could be completely wrong.
If I’m correct, I don’t see the attraction of Apple Pay if you are using the eBay app or website. Why not just use the payment method you’ve stored there?
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sharyn,
I don’t have an iphone and I don’t have ApplePay. I do have an Android phone, but I don’t have GooglePay set up on it. I don’t know just how those things work. But I would guess if we want new people to come to ebay and buy from us, it would help if ebay offers the payment method they use…and for many people, that’s going to be ApplePay. Not everyone has been on ebay forever and not everyone uses PayPal.
What percentage will end up using ApplePay once ebay has completely moved to MPs? I’m guessing not a huge percentage. But with a business the size of ebay, if you can grow your buyer base by even a few percentage points, that can mean millions of dollars. Add in GooglePay, regular credit cards, Venmo, and others, and I can see it making a considerable difference.
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Yes, I get that. I was more just asking what about the benefit. I Googled it and got the answer:
Apple Pay uses the near-field communication (NFC) chips embedded in your iPhone 6, iPhone 6 Plus and Apple Watch to pay for goods and services by holding the device near a card reader, as you would a contactless debit card. You can also use Apple Pay to make single touch purchases within apps.
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