EBay’s Managed Payments From an EBay Buyer’s Perspective

[kootenay joe]

Hi Tom. Does this apply to most credit card companies ?
Why does the CC company give you a 2% return for using it to pay PP ?
Can one pay for an ebay item with a CC, not going through PP ? I buy items online(not ebay) with my CC a couple of times per month, no PP involved.
kj

[TripleF]

I will continue to roll as I have and accept Paypal!

Scott - look at one of your active auctions, under payments it says you DO accept MasterCard, Visa, American Express and Discover and buyers can use these cards processed through PayPal with the fee paid by the buyer.

If you look at your PayPal payments made to you, you'll notice that some say "Payment Received" and others say "Money Received" designating some buyers use a PayPal balance to pay for an item while others use alternate forms like bank accounts or credit cards.

Basically you DO take credit cards but the impact to you is zero.

Agreed.....I DO TAKE credit cards THROUGH PAYPAL, or I take PAYPAL balance.
If I removed Paypal as a payment option then we get to the original post by Dale.
Ebay is offering paying with a credit card and Paypal has nothing to do with their process....follow? 2 different animals!

[bestgear]

....follow?

Yes I follow

[bestgear]

Does this apply to most credit card companies?

Yes, certainly here in the States.

Why does the CC company give you a 2% return for using it to pay PP?

As an incentive to use their card (and hopefully generate revolving credit) they provide a cash-back bonus on all purchase including those made through PP.

Can one pay for an ebay item with a CC, not going through PP?

Yes, that's what Dale brought to light with eBay's Managed Payments but only if a seller has selected to use that form of accepting payments.

[kootenay joe]

Tom, thanks so much for explaining this to me. I only have one credit card a Visa attached to the CIBC (large Cdn bank) and there is no cash back incentive. I had not heard of this before reading Calvin's post.
kj

[TripleF]

It's soooooooooooooooooooooooooo sad how money hungry companies are....they coulda just left well enough alone.

[zzyzzogeton]

Part of it is one of those "stock things". Many companies are great until they go public and then all of a sudden, they have to make more money to meet the "profit expectations" of the investors. Then the company goes down hill from there, always trying to squeeze another penny of profit.

[TwoFlowersLuggage]

I had a business ethics class where we talked about who should be the highest priority for a business. Is it the employees? Is it the customers? Is it the community? Is it the investors & shareholders? Each may have different goals, yet each needs the business to be successful. There can also be time-factors (long-term vs short-term) and many other factors (technology changes, market changes, competition, etc). It's not an easy question.

[1967redrider]

I haven't used eBay for knife purchases for years now, since they instituted their "linked accounts" policy in which they wanted me to provide my credit card information so it could be linked to my PayPal account. I think this was more of a PayPal policy but at the time PayPal was the only payment option for eBay buyers. Since my credit card is tied to my checking account, the last thing I needed was to have my bank account that my mortgage was paid out of compromised/hacked. So now I just use eBay to follow what things are selling for.