New forms of payment arrive at eBay Spain: from this moment, eBay will take over the management of your payments as part of modernizing and creating a more streamlined experience for your customers. Thus, consumers will be able to choose between the different existing payment methods, which for sellers will mean an easier way to manage their business on the platform.
In Spain, eBay will also deploy its payment services for private sellers. With this experience, eBay will facilitate transactions. A) Yes, buyers will complete their purchases on eBay and sellers will receive payments directly to their bank accounts. This simplifies and streamlines the selling experience for your sellers, while giving buyers a broader choice of payment methods.
eBay expands the management of its payments in Spain
The United States was the first market in which eBay began managing its payments since 2018, the year in which a select group of sellers was able to test this new service, which was later joined by Germany, Australia and Canada. In addition to Spain, this new payment program will be active in Italy and , and soon in China
By the end of the second quarter of 2020, eBay had already incorporated more than 255,000 sellers to managed payments. In fact, since its inception, eBay has handled payments for nearly 42,000 sellers, processing $4.7 billion in gross product sales.
“we are creating a modern marketplace with comprehensive management. Taking control of the payment process on our platform is a key part of our strategy to improve the eBay experience, as it removes barriers and makes things easier for our customers”assured, General Director of eBay in Spain and Italy, in a press release.
“Spanish customers highly value a comfortable and fluid shopping experience, including a preference for various payment options. The offer will translate into great efficiency and benefits for our customers, such as helping them pay the way they want”.
Apple Pay, Google Pay and PayPal will be available as payment options on eBay
The platform will offer Spanish consumers that will include credit cards and . In purchases made from iPhone and iPad, the payment option will also be included. ApplePay, while GooglePay It will be available both on the eBay page and in the Android app.
The company estimates that “Managed Payments will generate $2 billion in revenue and $500 million in operating income by 2022 when it will transition to all of its vendors globally.”
Benefits of eBay payment management for sellers and buyers
eBay ensures that with its new payment management, both consumers and sellers will obtain several advantages, among which are:
Advantages for buyers
- New payment options. eBay will offer buyers a variety of payment options, such as credit or debit cards and PayPal. Apple Pay will be available as an in-app payment option for iPhone and iPad devices. While Google Pay will be available on the eBay website and in the eBay app for Android.
- A shopping experience that starts and ends on eBay, regardless of the payment method chosen by the buyer. Payment services allow eBay to offer a more streamlined shopping experience throughout the buying and post-sale process.
Advantages for sellers
- They can offer more flexibility to buyers. By offering more payment options, buyers around the world can choose the most convenient payment method in each case.
- They will be able to centralize the management of their business. Sellers will be able to manage their account more easily and from a single place where they will have all the information related to their eBay business, such as payment information, which will allow them to control and manage all transactions and interactions with sellers. customers on eBay. This will also include a centralized space where you can get help from Customer Service.
- Direct entry of payments to the bank accountwithin 2 business days after order confirmation, regardless of the payment method used by the buyer and with the option of choosing a weekly or daily frequency, depending on their available funds.
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