with eBay's new manage payment system with Payoneer many dropshippers have found it
very confusing to understand what's going on how the fees work now how the payouts
work and everything else that comes along with it as it's much different from PayPal
and everything that we were used to up until now but do not worry because in this video
i will explain how to work with eBay and Payoneer once your accounts are connected so that you will
understand exactly how everything works and what you need to do. Quick intro and let's go
what's up everybody hope you're all having a wonderful day today my name is Liran from AutoDS
i'm the content manager and I've also been dropshipping for the last several years
and in this video i want to talk to you guys about ebay's manage payment system with Payoneer how everything
works how the whole payment system works how much fees we have to pay compared to PayPal
how we can get the money when we get the money and how we can use the money in our Payoneer account
to withdraw to a bank account, pay other services for example the Fulfilled By AutoDS service
if you're having AutoDS fulfill your orders and so much more so let's get right with it
and one second before that if you are new to our YouTube channel this is the part right now where you need
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so one sec before that if you haven't connected your eBay account to Payoneer yet
I'll leave a link right below this video and I'll also leave a link at the end of this video
and another one talking about this update in general if you haven't heard about it yet go watch those videos
and then come back to this one once your accounts are connected. So let me show you my eBay account
first thing that you need to do is head over to your seller hub and of course this is only
after you succeeded with the connection process so what you want to do is on the top right
go to my eBay and click on selling to get to the seller hub that we see over here
then you want to click on payments up here
now as you see we didn't have the screen before when we were working with PayPal
but now everything is being managed through eBay so let's see what we have here
first we have the available funds these are funds that are
ready for me that eBay still hasn't paid me yet
then there's an invoice this is the old way of working where eBay would issue an invoice once a month
with all of your final value fees all of your promoted listing fees and every other fee
that you're paying for eBay you would get an invoice once a month be sure to have enough money on your PayPal account
to pay for that invoice but now everything is being deducted in advance
so you won't be surprised by any invoice at the end of the month, and then you'll have to go into it check
everything see that everything is okay which is a little bit more of a hassle so this invoice
these eighty dollars is what i had left from the month before when i was still working with PayPal
i used to make one time payments every week or two and i only have 80 left to pay there so that's no
problem we don't need to worry about that anymore what we need to worry about is the following
first you have the available funds then your next payout is scheduled for July 1st now today is June 30th
while i'm recording this video and as you see here on the settings on the right side i have my payout
schedule to be daily which means i want eBay to send me my payments every day now it does take
them a couple of days to send you the payments for the orders that you are getting so for example if
i'm getting an order on my store today i'm going to get those funds in two days from now
this means that you will need to pay for your orders two days in advance so if you know that you're making 500
in sales in a couple of days make sure that you can pay for those orders because you won't be
getting the customers money before those two days are up so you need once again to pay in advance
for two days on all of your orders so make sure that you have enough on your Payoneer account
or on your PayPal account if you're still loading payments through the manage system from PayPal
so let's see exactly what we have here over here you see all of the recent transactions
if i click on see all we will see all of the transactions that I've had ever since I've
connected Payoneer with eBay so here's all of the transactions and let's move on to the second page
the oldest transactions or the first transactions that i had after the connection process
so as you see here i have a whole bunch of orders sorry for the blurred screen guys
i know that you cannot see what items i'm selling you can definitely understand
why we need to blur out these pictures i have more than enough drop shippers copying my items as it
is so you can see the funds here on the right side for example i had one order totaling 509.97
eBay deducted 72 from that order in advance so they're not going to invoice me one month from now
for this order and for any other order they already deducted it in advance
and out of those 510 dollars they sent 437.90 to my Payoneer account from just this transaction
now if you want to see exactly why they took down why they deducted 72 you can simply click on
transaction details here on the left side and here is what we can see now on the transaction details
first you have the date when the buyer paid which is June 21st eBay processed the payment on June
21st and the funds were available on June 22nd one day later and then they simply send the funds
to my Payoneer account i saw it a day later there that's why i'm saying that i'm seeing the funds
two days after i'm getting the order let's break down the fees and see exactly why they deducted 72
from an order totaling 509.97 so here are the fee details as you can see we have a final value fee
which is something that always existed eBay would take an average of 9.15
from the old method but now today they're taking 11.7 percent but do not forget that
eBay used to take 9.15 and PayPal used to take another 3.4 to 4.4 depending on your location
when you put these two together you would get to your break even. So it used to be 9.15 plus 4.4
in my example since i'm an international seller 9.15 final value fee from eBay plus another 4.4
from PayPal used to sum up to a 13.55 break even before taxes and other things so this is something
that i knew that i had to take in advance when i was selling with eBay and PayPal but today
it's not totaling 13.55 as you can see here we got 11.7 final value fee raised from 9.15 and another
international fee since i'm an international seller i don't reside in the united states i
am a us citizen but since i don't live in the us i pay another 1.3 final value fee on top of that
international fee on top of the final value fee so 11.7 plus 1.3 percent totals 13 so that's 0.55
percent lower than what i used to pay for PayPal it's only half a percent but it's still money at
the end of the day and the more money that you make the more money that you're saving from that
half a percent and as you see here they're also taking another 30 cents from every transaction
no matter what percentages you are paying which is the same thing that PayPal used to do so
no harm no foul there so if we take the total order which was 170 Dollars the buyer bought a quantity of three
we negotiated the best price he agreed to that best price and bought three units totaling 509.90
out of that eBay deducted 13% plus another 30 cents totaling 72 Dollars in fees and if you guys want to see
the example let's take 509.97 minus 13% so we're down 66 Dollars just from the final value fee of 13% and
the international fee but as you see here they deducted 71.77 so there's another
five dollars missing here and where are those five dollars let's go back to all of the transactions
and as you see there is an ad fee for this order because i sold it from promoted listings
eBay deducted under another five dollars and ten cents from that so 66 plus five is 71 and as you
see that is exactly what eBay took here or 72 if you add the other 30 cents and other sense value
that i missed but that is exactly how we got to that price and that is exactly how the fees work
so go inside every order and see exactly what fees eBay took from you what they deducted from you
see that it makes sense on your end and then you'll know exactly what your break even needs to be
and how much profit you're making at the end of the day so as we can see here we saved another
another 0.5 percent when compared to working with PayPal so that is how the fees work so as you see
here we see all of the transactions that we had and you can also see your payouts so let me show
you the first payout that i got here i got a payout of 461 dollars on one of the payouts
that i got from eBay now i remind you guys eBay is sending me payouts every single day that is
because i set a daily payout on eBay settings that i showed you in the beginning of this video so
here is a payout that eBay sent you can also click on that just like any other transaction that you
had that i just showed you guys so let's check out this payout eBay created this payout on June 23rd
it was in progress on the same date and they sent the funds on the same day as we can see here
the total payout received funds: four hundred and sixty one dollars and nine cents funds on hold zero dollars
funds released zero dollars payout amount four hundred and sixty one dollars and nine cents
so i got every last penny from that transaction and all of the orders that we have
inside that transaction can be seen here i know that you guys cannot see the products themselves
but you can see the dates June 21st on this store and the amount from every order
so we had some cheap orders ten dollars nine dollars fifteen orders and we had a nice order
of five hundred and ten dollars so this payout amount came out to 461 dollars after the fees here have been
deducted from every transaction that is how the payouts work and that is how the fees work
now let's check out how it looks on Payoneer so let me log into my Payoneer account
we saw how we can see the transaction when clicking on payments once again you have your available funds so this is the
next payout that i'm going to get and here are the previous payouts as you guys saw yesterday
June 29th today is the 30th so yesterday as you can see here i got a payout of 267.65
so once again i'm getting the payouts on a daily basis because i got the payout schedule here on
the right side to be on the daily i can also make it weekly or anything else but i really don't see
the reason for that you want to get the money as soon as possible there is no reason to have
my money held at eBay or Payoneer or anyone else for that matter
now let's go see how it looks on Payoneer so here is Payoneer's website i'm going to click on sign in to get into my account once
again i'm going to sign in okay and here's my pioneer dashboard as we can see here i got 385
dollars that are completely free for me to use i can put them to my bank account withdraw them
i can keep them for the manage payment system and as you can see here here are the transactions that
i'm getting so here is the payout that i'm getting from eBay 267 dollars was the last payout
before that i sent to Lior@AutoDS.com 200 dollars and another 200 dollars before that because i'm loading
money onto the managed payments system because all of my orders are being fulfilled automatically
if you guys want to know how to fulfill your orders automatically without having any buyer accounts
without worrying about locked accounts check out the link that I'll leave right below this video
to the fulfilled by auto ds managed system this way all you have to do is load balance
you're paying Zero percent fee from transferring money from Payoneer accounts to Payoneer accounts
so there is zero fee from doing that up until now i used to pay four percent fee for every 100
that i'm transferring to pay for my orders because that's what PayPal used to take now with Payoneer
we're down to zero percent so from four percent to zero percent that's money at the end of the
month the more you buy the more you purchase the more you'll profit from that so sending money
from Payoneer to Payoneer comes at no cost all i have to do is click on pay make a payment to a recipient's Payoneer account
pay for free then I'll click on Lior@autods.com take from my USD balance
200 Dollars, purpose of payment AutoDS managed review and confirm this payment so transferring payments
or making payments on Payoneer is very very easy to do now let's see what else i can do with the funds that i have
so one I can send it to my managed payment system to pay for my orders
two well i'm making profit here at the end of the day so let's take that profit and withdraw
to our bank account so what i'm going to do is click on withdraw here i can choose where to withdraw from
so my usd balance to my bank account how much do i want to withdraw let's go with 300 Dollars
now here i have a fee of five dollars and forty cents that's a one point eight percent fee
that Payoneer takes when withdrawing to my bank account it differs depending on your location so check out
Payoneer's fees how much you're taking for the withdrawal let's just make sure that we got the
right numbers here so 300 minus 1.8% is five dollars and four cents which is exactly what i'm seeing here
so i know that this is true i know that that's exactly what they're taking
that's it you can write a description review and then confirm the transaction
once i click on withdraw the money will get to my bank account and that is how i can get all of my profits and
withdraw them to the bank account that i specified on my Payoneer account the last thing that i want
to show you guys is the processing fees so here we are back at eBay's page on the financial summary
when we clicked on payments on the seller hub as we know we've got the available funds which are
funds that are going to be released to my account soon and this number is building up as i get more
sales throughout the day then i got my next payout scheduled for July 1st which is tomorrow
and my last payout was sent on June 29th which was yesterday and as you can see here we got
355.92 cents that are still processing from the sales that i had the other day then I've got the
funds that i have on hold so if a customer opens a case against me that fund will be on hold but
since i don't have any funds on hold right now everything is working fine everything is actually
in processing and if i click on that i can see all of the transaction all of the cells that are
currently processing which is everything that we see here from June 29th which is just the other day
so these are the sales that i had here is the amounts as you can see here 34 dollars to hundred thirty dollars
twenty eight dollars a hundred dollars so we had some high ticket sales we got
some medium ticket sales and we have a couple of low ticket sales or maybe even one so as you can
see this store is profiting well it's connected with eBay and Payoneer and everything is working
fine if you have any questions on how to work with ebay and payoneer if there's any question that i
did not address in this video please let me know right below in the comments and i will personally
answer them just so you guys know this is actually a very smooth and very streamlined process for
managing our payments i'm very happy that eBay actually made this partnership with Payoneer
it is making me pay less fees at the end of the day i do have to wait two days to see the payments
for the orders but i have enough money to pay for the orders until those couple of days have passed
and then i start getting those funds into my account using it to fulfill my orders once again
and the other half withdrawing to my bank account because we're here to profit at the end of the day
and that is exactly what is happening let me know if you guys have any questions do not forget to
subscribe to always stay updated on all of the latest and hottest topics that we have coming
out in the dropshipping world stay tuned thank you for watching see you in the future videos