eBay expands managed payments in Europe
Ebay will bring its managed payments service to sellers in three new markets in Europe next year. In the first quarter of 2021, eBay will manage payments in France, Italy and Spain.
Germany was in April last year the first European market where eBay started offering this service. In February of this year, the ecommerce company expanded the service to the United Kingdom. And next year, it’s time for France, Italy and Spain. eBay says it’s working to scale the service to all countries where it’s active.
The service, started in the US in 2018, gives consumers buyer protection and more flexibility and choice in payment methods, including credit cards, PayPal, Apple Pay and Google Pay. Sellers get a central place to manage the business, simplified seller protections and payouts directly to their bank account, eliminating third-party payment processing fees.
“By managing the payments process, we’re creating a simpler, more unified experience for our customers, and streamlining operations for our sellers with one place to sell and get paid”, says Alyssa Cutright, VP of global payments at eBay. “As we continue expanding and scaling our management of payments around the world, we’re excited to add France, Italy and Spain to our growing roster of countries.”
255,000 sellers enrolled
Halfway this year, eBay says it had already enrolled over 255,000 sellers in managed payments worldwide. It wants to transition a majority of sellers on its marketplace into managed payments next year. The idea is to complete the process in 2022.