eBay Removes Non-PayPal Financing Options
In what they call “A move to simplify financing”, eBay is offering PayPal financing on eligible listings over $50.00 - they are also removing other financing options that are currently available.
From the official release:
“Financing makes it more likely higher-priced listings will close successfully. While shoppers get more spending power, sellers, of course, still get the full payment up front. (The monthly payments are made to the credit issuer, GE Money, not the seller).
What’s changing
We’re going to simplify the program. Starting the week of July 9th the more popular standard buyer financing offer will automatically appear - free of charge - on listings that are currently selling for $50 or more and are from U.S.-based sellers who qualify for PayPal Buyer Protection.
Other financing options will be removed from the site, and sellers will no longer be able to select them during the listing process.”
