eBay Payments Limited to Two Countries in First Two Years
Reading Time: 2 minutes A quote from Steve Fisher, Senior Vice President of Payments at eBay is making a few international seller nervous.
“Looking ahead to 2019, we will expand our new experience to more buyers and sellers in the US and begin rolling out our new payments experience outside the US.”
He seems to indicate there will be a significant international roll-out in 2019 of the new eBay Payments program, but that is not correct.
READ MORE: eBay CEO Devin Wenig Talks Payments, Catalog, Structured Data, Future
eBay Governed by Operating Agreement with PayPal
Under the operation agreement between eBay and PayPal, it restricts eBay in its roll-out of the new payments program to two countries until mid-2020.
The company also has to keep a lid on the number of sales that can be processed with eBay Payments.
In the first year, only up to five percent of sales can be processed by eBay and in the second year the volume can go as high as ten percent.
eBay has been silent about what second country it may choose for its initial testing phase.
Canada is a leading candidate because the marketplace operates very similar to the U.S. marketplace.
However, it also would make sense for eBay to pick a marketplace such as the UK or Australia that may provide different conditions in which to test the program.
Regardless which country is next in the roll-out phase, one of the most problematic issues of the initial launch phase for the U.S. marketplace, not being able to accept PayPal, may be resolved.
eBay’s Vice President of Payments, Alyssa Cutright, commented on that topic:
“Offering PayPal in a managed model requires a new integration for us, and it’s one we are working on now. We expect to make PayPal available in summer 2019.”
Hopefully, this means the new “integration code” can transfer to the second country and this PayPal restriction will not be an issue then.
READ MORE: eBay Begins Intermediating Payments on Its U.S. Marketplace
If you like to comment on this story, please use the comments section below. Or head over to our Facebook Group for Small Business Sellers and interact with other small business owners.
And don’t forget to follow us on Facebook, Twitter, and LinkedIn to stay up to date with important news and business insights for your online retail business.
If you liked this article and would like to engage with other small business entrepreneurs selling on marketplaces, join our . You can also find us on , , , and or sign up for our newsletter below.
SIGN UP. BE INSPIRED. GROW YOUR BUSINESS.
We do not sell your information. You can unsubscribe at any time.
Richard Meldner
Richard is co-founder of eSeller365. He has over 17 years of experience on eBay which includes tens of thousands of sales to buyers in over 100 countries and even has experience with eBay’s VeRO program enforcing intellectual property rights for a former employer. And for about two years Richard sold products on Amazon using Amazon FBA in the US.
To “relax” from the daily business grind, for a few weekends a year, he also works for IMSA as a professional race official.