I don't understand it. As if their recent policy changes were not bad enough they now want to cut Paypal out. Which just shows that some one in the company is trying to take absolutely every penny from every one else so they have it all. Just greedy.
PayPal said eBay shoppers will still be able to select PayPal as a form of payment until at least July 2023 Oh well, I better buy everything I need before then
So from what I understand you'll just pay Adyen and then what? Get the money paid straight to your account without going via a PayPal Adyen account? Apparently it'll lower fees for sellers but at what cost? PayPal have always had my back as a seller even when I've been dicked around - not particularly looking forward to the changes tbh
This was inevitable the moment Ebay stopped owning Paypal. It would never have been their long term plan to allow something they didn't control to have a monopoly over their payment system. As for the practical effect, it depends entirely on fees and policy. Both Ebay and Paypal have a policy that pretty much amounts to 'phuck the seller' anyway, so in practical terms I don't expect it to change much. I expect it to be pretty damaging for Paypal though, unless Adyen gets beset by scandal, which is another thing I can see happening. Compared to Paypal Adyen are teeny weeny, their new deal must pretty much put them entirely under Ebay's boot and I can seem them struggling to deliver.
I suspect it's probably on balance a good thing. It's should reduce the complexity of dealing with disputes and allow consistency/clarity and maybe even fairer(!) policies. Hopefully it'll reduce fees From a buyers pov, ebay offers sufficient protection without needing the additional protection of paying through paypal, so it shouldn't really make much difference. From a sellers pov, the less potential parties to give unfair refunds to buyers taking the piss the better. Paypal will be okay as they have their own job as acting as a easy and secure 3rd party when buying from online shops you might not trust 100%. I just don't think what they offer is needed on ebay anymore. Paypal's shares have fallen but a few years back you'd have expected them to totally collapse upon this news. Per the article, "EBay accounts for roughly 13 percent of total payments processed by PayPal.", which is a still a big chunk but I imagine a less than it would have been some time ago, and less than many might imagine.
I must have missed that statistic - I definitely would have thought it was much higher. Even still for any business to be told that in a couple of years 13% of your business will be disappearing would be quite hard to cope with.
I'm more surprised they didn't roll their own solution for payments, as they did for international reshipping.
Oh well, five years to see if Adyen are reliable, trustworthy and don't overcharge for their services, whilst I continue using Paypal. If they fall down on any of those provisions, then no more Ebay from 2023.
Jeez, I hope Adyen's interface improves - it's been a good few months since I used it but it was awful.
