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 Ebay to restrict payments to PayPal only
 Return to top of page · Post #: 1 · Written at 00:40 on 11 May 2008.
's avatar
 Location: Greenwich, NSW
 Member since 15 November 2005
 Member #: 1
 Postcount: 4375

A lot has been said recently regarding Ebay's decision to ban sellers and buyers agreeing on their own payment methods for goods and services purchased on the site.

Within a month, assuming that the four Commonwealth Government departments who claim to be investigating Ebay's plans do nothing, Ebay will ban sellers from accepting payment for old valve radios and most other items via EFT (transfer of money between bank accounts), cheque or money order.

The only options will be COD, either with the buyer picking items up or via the Post or using Ebay's own PayPal service. Sellers offering any other payment method will have their listings removed.

This chain of events will greatly affect the trade of vintage radios. We are entering an era where many pioneer collectors are disposing of their collections of radios, valves and other spare parts and Ebay has, until now, been a popular way of doing this. More than 99% of sellers in this category either offer EFT as a payment option or as the only payment option.

A majority of these people refuse to accept PayPal because PayPal charges a high commission on payment processing. Will PayPal's commssions fall when it becomes an almost exclusive payment option? No. Sellers will pay twice when using Ebay, once for listing fees and sale commission and then again for the privilege of accepting the buyer's payment.

Because of this many people are either threatening to leave Ebay and use Australian auction sites, of which there are many, or have already closed their accounts there, never to return.

As a service to the vintage radio fraternity I will remind all collectors and potential collectors that the Vintage Radio Forums are the perfect place to offer any items you have for sale. It is just a matter of opening a free account here on Vintage Radio and then after signing in, simply navigate to the Wanted and For Sale forum and offer your items in a post there.

All of this is free and you can be contacted and paid any way you like. It's something to think about as Ebay gets closer to bleeding us collectors dry in the next month or so.

I know that I will be using Ebay a lot less from here on.


A valve a day keeps the transistor away...

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