Buying/Selling Bullion and Coins with eBay Managed Payments

[Dr. Cadmium]

This year eBay is supposed to fully implement its managed payments system which will eventually replace PayPal on the site.

Apparently the restricted items policy for selling with eBay managed payments is different from PayPal's policy. Most notably to myself and members of this forum, the following items are not allowed to be listed:

- bullion
- coins and paper money

You can read the full policy here: https://www.ebay.com/help/policies/sell ... 20payments

How will bullion and coins be traded on the site come the full rollout of managed payments? I'm guessing the restricted categories will require PayPal or a private card processor in order to list items for sale.

Who knows with eBay though. If your business depends on these categories, it's time to make plans for the coming chaos.

[chris6084]

What do you think the reason is for this? I'm sure the big dealers will have an exception. So are they trying to eliminate small sellers from selling coin items?

[Thogey]

What do you think the reason is for this? I'm sure the big dealers will have an exception. So are they trying to eliminate small sellers from selling coin items?

It may be the risk for the escrow holder is too great. The stats might show more problems with coin transactions. I know if you look at the feedbacks for coin dealers there seems to be more neutrals and negatives. COIN people are weird

[Cu Penny Hoarder]

Screw Feebay. Buy coins from your LCS or online bullion dealers instead.

[coindood]

Screw Feebay. Buy coins from your LCS or online bullion dealers instead.

I dunno.

eBay is always my source for stuff the LCS's don't stock (foreign, ancients, etc). Hate to have to rely on semi-annual coin shows with their limited stock.

If Joe "estate sale"-style eBayers start disappearing I may have to scale back my collecting. Have never had a bad experience with a purchase, but I'm careful.

[Recyclersteve]

Not sure I understand what they mean by Managed Payments. Is that a fancy way of saying someone is marking monthly payments instead of paying in full when they buy something?

[chris6084]

Not sure I understand what they mean by Managed Payments. Is that a fancy way of saying someone is marking monthly payments instead of paying in full when they buy something?

It's their own payment system. Not Paypal

[pennypicker]

I've been buying and selling silver coins, sterling silver, car parts & vintage baseball cards on ebay for ten years now and all has gone very smoothly and I like everything about paypal and paypal is all I use. For months now I've been receiving emails from ebay telling me I need to sign up for "managed payments". I've been ignoring them for now but when the time comes that ebay forces me to sign up and forgo paypal then I will finally call it quits on "feebay". As of October 1 California now requires us Californians to pay 7.75% tax on ALL on line purchases shipped to California so I have been seriously considering quitting ebay anyways due to this new California "Bend Over" law as I call it

When Isaac Newton wrote his masterpiece on the "Laws of Nature" I feel he should have included one more Law--

--"No matter how well something works The Powers To Be in time will find a way to screw it up".

[neilgin1]

paypal regularly does a 24 month 0% interest deal on purchases over $600, but they do stipulate no bullion, which locks me out of buying those nice 4 roll Maple Leafs, but there's a fellow, that had REALLY nice cello wrapped Proof Washington's 1957-1964 in $10FV lots, and I bought a whole BUNCH...beautiful coins!..i think I bought $150 face, I have whole 1957 to 1964 line......and then I stopped, coz, imho, I need MORE Maples, .9999's....BUT, i'm good for now, my impetus, my whole thing is paying down ALL DEBT, and God willing in a year, that will be done....gonna be strange days ahead...glad I live in the Great White North...don't be surprised if they "postpone" the Nov 2020 election...here's something you guys might like, peoples broadcasting systems "Frontline" documentary did a program, "The Great Divide", which is drivel, BUT they did include the whole Steve Bannon interview, 2 hours and 30 minutes, there isn't ANYTHING false about what Steve says, NOTHING....and you wont go wrong giving it a watch, Steve isn't boring, that's for sure....be well, neil