While we do not ever foresee us accepting any form of crypto currency to complete a sale, largely due to its volatility and lack of governmental oversight, we do anticipate accepting eBay’s new, unnamed intermediate payment system announced this January and expected to go live later this year. Since its inception, PayPal had always been the favored means of payment on eBay for both domestic and international transactions, which slowly but surely did away with traditional means of payment and provided a measure of comfort for both the buyer and seller whenever a problem arose.
As some of you may already know, eBay and PayPal went their separate ways a couple of years ago and, according to eBay, the auction house is now developing its own proprietary payment system which will be favored over PayPal once it has been fully fleshed out. This means that both we and our eBay customers will now have to add a new payment system to our respective payment portfolios in order to take advantage of any perks this new payment system will likely offer. It will also mean that we will begin accepting eBay’s payment system on our own web site once it has been rolled out. So, whether it be called ePay or Payment with eBay, we’ll post more information on the new payment gateway once the auction house has christened it and prepped it for prime time.
Note: According to CNN, Dutch-based Adyen, who has helped a number of high profile companies handle payments, has been chosen by eBay to support its payment processing. The new system will gradually be rolled out later this year and should be fully implemented by 2021.
Ebay is currently running a promotion where buyers earn 8% on qualifying items made by July 23rd at 11:59PST. Said discount can be applied with no minimum purchase and across all categories. This discount may be deducted from any future purchases once the buyer has been notified, which generally happens one month later.
Ordinarily we don’t comment on other sales channels, but we thought you might like to know that eBay has just kicked off a special promotion that could tickle your fancy. From now until March 4th, eBay will award customers with three times the normal eBay bucks they typically get after making and completing a purchase, with no minimum purchase. Want to purchase a single K-Cup of coffee (er, okay), then you’re going to find yourself with a little extra do-re-mi courtesy of the ‘Bay. So, while we’re already offering some fabulous deals on the auction site with our Buy it Now function, now you can juice your purchase with some added zeal, much like our very own MyRewards loyalty program. Enjoy!
Ebay has finally rolled out its eagerly awaited Global Shipping Program to qualified sellers and we’re happy to report that we’ve enrolled in it. Purportedly, this will enable customers living outside the US to be able to reduce their shipping costs dramatically, since Ebay will now handle all of the leg work after we’ve shipped them the package.
Frankly, this is all new to us so it may take us a few transactions to get the hang of this and work out any bugs that invariably crop up. We also do not know how this will impact the speed of delivery, since the packages will first be shipped to a clearing house and then on to its final destination. A limited test program was conducted by Ebay this past holiday season and we assume that everything went well.
If the system works as touted, we can upload any item we sell on our web site to Ebay, which will permit customers to shave their shipping costs and be able to track their packages from beginning to end. Keep your fingers crossed because this could be a boon for everyone involved. Note: The Global Shipping Program currently includes the following countries: