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I’m not using it, just passing this along….
I’ve had a Terapeak paid subscription for years, when it went to free, I signed up. I didn’t read all the details of the terms (I know, my bad), but I think it’s pretty much boilerplate stuff. Terapeak uses eBay’s API to obtain the information you want, I don’t think Terapeak is actually going to be lowering prices automatically for you.
The free Terapeak is OK, but it is a stripped down version of the old Terapeak, which was far more robust. (That’s in part, according to eBay, because they will be folding in some of Terapeak’s data into Seller Hub)
Terapeak can be used for price and identification research, but would be more useful for that if it had an app.
Best of luck building your ebay business back up! It CAN be done, and sounds like you have the determination and savvy to make it happen. As Jay said,I think we’ve all made mistakes and can point to efforts that failed, but as long as we learn and keep getting back up and going on, we’ll do fine. And these forums are a great place to get advice!
Jay, I think that’s correct about Google Shopping. They don’t want all caps.
As J & R say, “Remember, you are not your buyer”
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.
Hey, that’s Jay before he looked like Leonard Nimoy! Oh, wait a minute…..
Ryanne, Yes, I think so.
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.
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.
Jay,
Right, it’s a test. Normally, any offer a buyer makes is good for 48 hours. In the test, the BUYER can choose to make the offer good for 12 hours, 24 hours or 48 hours. Apparently buyers have indicated that there are times when a quicker response (12 or 24 hours) is really important. Frankly, I also suspect this is because too many sellers have been taking a long time to respond. I’m pretty sure ebay can see when a seller gets an offer and opens it. So ebay knows there are sellers who , rather than decline, let the offer expire after 48 hours. eBay knows other sellers play a waiting game….responding at the end of 48 hours because they are convinced that someone else might buy at full price before they accept, if they just wait long enough. ebay knows this is seller behavior, and I suspect ebay would like sellers to respond sooner. Which, frankly, we all should do. Like I said, I try to answer pretty quickly , although there are times when, as Mike described, I wait because an acceptance (and payment) will complicate my shipping schedule. But that’s the only time I don’t respond quickly.With this test…and right now it’s only a limited test, the buyer can make an offer good for 12, 24 or 48 hours. The seller can decline or accept, or can counter offer. If the seller counter offers, the buyer has the normal 48 hours to respond. But my guess is, if a buyer chose 12 hours in the first place, he isn’t going to tarry, he’ll respond promptly if he’s interested.
Just a brief follow-up. I checked, and for purposes of this test, it is only buyer duration that is being tested, so sellers counter offer time frame would be standard 48 hours. Sounds like there’s at least a possibility that they will test in the future with shorter seller durations as well.
Yes, I think they had run a similar test before. My hope with this one is that maybe they have FINALLY realized that we really, really want them to ANNOUNCE these things—-so I’m hoping this is a good omen for future tests. Of course, I’m probably just a cockeyed optimist when it comes to that.
I have no problem with the 12 hour window. I usually respond pretty quickly when an offer comes in. Like Mike, the one time I hesitate is when fast acceptance would mean I will need to package something labor intensive on a day when I feel I’ll be pressed for time. If I can delay acceptance to push out the handling time, I will, but if it’s a really good offer, I’ll probably accept and adjust my schedule.
I don’t understand all the logistics involved, but I do wonder if ebay might go to immediate payments on offers once they are fully in charge of managed payments?
03/18/2019 at 5:56 pm in reply to: Promoted Listings Trending Rates – 16.4% for Collectibles!? #58908Here’s the Tamebay article:
eBay Promoted Listings have a Significant Effect on Sales– Experimental Results
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