eBay managed payment account users keep rising as more invitations come in and go out. As per eBay, the system will make the payment process more modern and simple.
Do you know, the second most bounce rate on online shopping is due to payment failure or expiration during a transaction. Users generally want a check out experience that is smooth, smart, fast, and secure.
We all know that eBay depends on PayPal to process payments on its platform. After being gel together for 15 years, eBay is now ready to handle the payments on its own.
Well that doesn’t mean it won’t support PayPal, Still, users can use PayPal and its credit cards to make payments on the eBay platform.
So let us see what eBay managed payment system means to sellers and how it is superior to the old system.
eBay Managed Payment:
By allowing eBay to manage payments of your account, you no longer depend on third-party providers, and eBay lets you sell and get paid in the same place.
Per recent news, eBay already successfully handled 38% of global payments through managed payments, and over 1 million users registered in.
By opting in for the system your eBay seller account becomes an eBay managed payment account and by there you have plenty of advantages.
Advantages Of eBay Managed Payment System:
The managed payment account used to keep things simpler for both sellers and buyers by making all the processes in one place.
The process of selling, getting paid and payment management all takes place in one place so the sellers and buyers on the other side get more options to pay.
Large Payment Method:
It supports a vast array of payment methods on the systems. Let say you have an aged eBay managed payment account, then your customer can pay you through:
- Credit Cards
- Debit Cards
- Gift Cards
- Apple Pay
- Google Pay
- PayPal Credit
Previously buyers were required to have a PayPal account to make transactions, if they hadn’t they were required to open a new one. Now, the managed payment system widens the way that buyers pay.
The system makes some hectic processes easier to handle by sellers. The things that an eBay seller can handle with their aged eBay managed payment account is:
- Consolidated Fees
- Customized Reports
- Refunds, Cancellations And Returns
- Shipping Labels
- Seller Protections
- Tax Documents
Old style these processes are required to handle individually as the third party provider involved, sellers need to hop between eBay to resolve any disputes.
But with the new system, all major activities relating to sales, shipping and payment can be handled from one point.
The Global Shipping Program makes the international shipping process easier for the sellers and the eligibility criteria for the program is sellers need to sign in for the managed payment system.
For instance, you are a Uk seller and sell locally. When the seller wants to ship items across the borders, with an aged UK ebay managed payment account, it is possible.
The program handles the major shipping duties which includes customs clearance, custom tax handling, packing and shipping.
So global exports are now possible for even the small scale business on ebay.
Improves Conversion Rate:
As said in introduction, the major reason for abandoned cart and customers left after checking out is for:
- Complicated checkout process
- Customers don’t have trust to save the credit card details
- Not supporting their favorite payment method
The major reasons are rectified with this system. As it has simplified the check out process which does not let customers hop to other sites to complete the payments.
Since eBay handles the payments, customers will trust the site to save their card details and they will get major payment methods for transactions.
Let’s say I am selling in the US and with an aged US eBay managed payment account, my customers can pay through major credit and debit cards with one touch method.
Seller fee on managed payment accounts was 2.35% with 30p per order. It is .55% less than the PayPal method payment.
The payment fund will be released by two days directly to the bank account. There will be no hold time like previous methods. When a payment fund is received by ebay from a customer after once an order is confirmed, ebay will release the payment to the seller’s account directly.
Sellers now can choose the payouts on a daily or weekly basis by choosing the setting.
The report is available with a more simplified form but the datas are detailed. The reports include every major business process like: sales history, performance insights payment transaction over week and month, customers behaviour and tax reports.
These reports are extremely helpful to the sellers in terms of auditing and handling accounts.
Where To Buy eBay Managed Payment Account?
If you already have an eBay account, check out your notification center and eMail, if you get an invitation you can immediately sign in with a managed payment system or you can directly request to join.
If you are new US or UK eBay sellers, choose to buy an aged ebay managed payment account US and aged eBay managed payment account UK.
The aged eBay managed payment account will help sellers to come out of limitations faced by sellers.
Buy aged US managed payment account or aged UK managed payment account to get eligible for top rated seller position quickly.
We agdebayaccounts.com provide best managed payment accounts with high limits and feedback. Our accounts have been verified with all the necessary documents.
Our eBay accounts packages come with verified phone number, email address, virtual bank account, virtual phone number and paypal account.
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