eBay has assured its users that everyone will be switched over to this new system by the end of 2020, so there’s no time like the present to find out how eBay Managed Payments will affect you and your business.
What is managed payments?
Managing payments enhances the buying and selling experience on eBay providing sellers with one place to sell and get paid and buyers more ways to pay. We’ve managed billions in payments for thousands of sellers since 2018. Sellers who have been identified as using eBay features and tools that are compatible with managed payments will continue to be notified to join in phases.
Please make sure you are signed up for emails from eBay. eBay now manages payments for most business sellers in the US, and all sellers will eventually be required to register for managed payments in order to sell on the marketplace.
eBay will work closely with sellers to ensure that the managed payments experience reflects their needs as we continue to enable accounts for managed payments.
Simpler to sell: Checkout is more flexible, with an easier experience for buyers
Simpler to get paid: Payouts are automatic, sent directly to your checking account
Simpler to manage: Operations run smoother, with simplified fees, integrated reporting and streamlined support