According to media reports, eBay chief executive Devin Wenig on September 24 on Twitter, said the company has to eBay U.S. station tens of thousands of sellers to launch the payment management (MP) choice, and said in 2019 will be the payment management services to other international sites.The move means eBay has officially started to manage the payment process on its platform.
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If you are unsure whether your listing can join the eBay MP service seller, you may view your Information center, and eBay will send you an email informing all invited sellers.
Steve Fisher, senior vice president of eBay payments, said: “From the time we announced our self-managed payment management program to now less than 8 months, we’ve completed the backend payment platform, got the sellers involved, and finally launched the eBay MP service, which is really fast. Looking forward to 2019, we will let more U.S. sellers and buyers feel the new payment experience, and will start to promote outside the United States. ”
eBay said, “The goal of launching the eBay MP service is to bring significant benefits and efficiencies to eBay’s hundreds of millions of global customers.” “eBay offers consumers more options for payment, which helps to boost sellers ‘ sales.
eBay’s announcement points out that eBay sellers will receive 4 benefits:
1. In the new payment experience, most sellers can foresee the lower overall cost of sales.
2. Buyers are no longer paid through PayPal, and payments made by the buyer will be sent to the seller’s bank account via eBay.
3. Sellers will benefit from consolidated settlement, all costs are in one invoice.
4. The seller does not need to do anything to provide buyers with new payment methods.
For sellers, the launch of EBay MP does have a huge impact on them. The buyer’s payment is no longer directed to the seller, but paid to eBay, which is then paid to the seller by eBay. At present, the Etsy platform is to deliver the payment from the buyer to the Esty platform, and finally to the seller by Esty.。This gives eBay sellers the worry that eBay will follow Etsy’s automatic deduction of seller fees before transferring the order to the seller, which could negatively affect the seller’s money flow.
In addition, sellers have some limitations when using eBay MP: Sellers are currently unable to use eBay Global shipping projects or other tools that rely on eBay APIs, and PayPal’s payment method will not appear in eBay MP listing until the summer of 2019.
According to the news, the goal of escrow buyer’s payment service is to improve the efficiency of global customers. The seller will benefit from a streamlined pricing structure. For the buyer, it would mean that more payment options would be available at checkout, the company said.
This July, eBay announced that Apple pay will be one of the mobile payment options in its new payment experience. Today, buyers can use Apple Pay to buy from sellers participating in the new payment experience.
In today’s world of e-commerce, buyers want to be able to check out and pay for items they find satisfying.
By managing the payment process, eBay will directly process the payment checkout, which means that buyers do not have to leave the eBay site to complete the shopping.
As a trading platform that covers more than 190 countries and regions and is deeply rooted in global markets, eBay will also tailor local payment methods to meet the different needs of users in different regions.