eBay Shakeup As CEO Resigns Company Considers Asset Sale

ebay shakeup

An eBay shakeup has execs considering selling off it’s assets, and it’s CEO suddenly steps down. Doc has to wonder if years of distrust has finally done the once wunderkind of eCommerce in. Whatever happened to the good old fun profitable days! ๐Ÿ˜ฅ From CNBC: eBay announced Wednesday that Devin Wenig is stepping down as president and CEO and the company is moving forward with the potential sale of assets. Devin has been a tireless advocate for driving improvement in the business, particularly in leading the Company forward after the…

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Research The “What If’s” Before Losing Money Or Merchandise Online

fbi ic3

Have you lost money or merchandise online? Sadly you’re pretty much on your own. Most local police send failed internet transactions to the FBI’s IC3 website to file a complaint. Chances are you’ve went this route and never were followed up by the feds! ๐Ÿ˜ฅ The internet today is like the old wild-wild-west of yesteryear. A time where their was very few laws, and even less law enforcement. Just walking into a saloon and looking at an outlaw often put a bullet into a persons head. Sadly this is the…

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Yet Another eBay Cellphone Seller Scammed By Bad Buyer

cellphone seller ripped off

We’ve seen it before, eBay seller lists an expensive item, buyer claims it’s broken and PayPal issues a refund, seller receives some worthless junk item. This is corporate greed profiting from bad buyers. Keeping the sellers FVF and tacking on another 4% penalty! From the shipping and returns forum: I feel totally betrayed! I listed and sold an iPhone XS Max and the buyer said he received an 6+ and not the phone I had advertised so he requested a return. I replied that he was mistaken and that there…

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4% Penalty For Mediated Auto Parts Returns Pads Bottom Line

Auto Parts Returns

So here’s a top rated auto parts seller on eBay Motors complaining about 4% penalty on returns. In this business the wrong part is often ordered that results in a return. Buyer does not want to pay return shipping, and opens a mediated claim. Seller is zinged with a 4% penalty, plus final value fees. ๐Ÿ™ Seller claims he tries messaging buyers to be sure the part ordered will fit their car, but must ship the part within 24 hours to comply with eBay rules. Unfortunately in this short time…

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Return Shipping Scam With NEW Twist Claims Another Victim

Return Shipping Scam

It’s the mediation final value fee plus another 4% penalty that keeps bad buyers coming back for more. This seller claims he sold a CPU to a new 0 feedback buyer that opened a SNAD claim. PayPal takes the money back from the seller, who is screwed at this point. FRAUD by eBay and PayPal who are profiting from sellers losses! ๐Ÿ˜ฅ The new twist with this return shipping scam is: Buyers don’t ship a different item back to seller, which provides proof of the fraudulent return. Go online and…

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eBay Managed Payments Opt-In Disables Accepting PayPal For Sellers

eBay Managed Payments Mucks Up PayPal

Here we go again.. Seems eBay decided they would handle the marketplace managed payments in house. Sellers opted in then discovered accepting PayPal was no longer possible. This reminds me of that Adyen payments debacle last month which prevented sellers from accepting PayPal. Maybe eBay Q3 earnings report will further flood the sinking ship. Execs will be abandoning ship! ๐Ÿ™„ From the eBay payments forum: Currently, signing up for Managed Payments means that your customers can no longer pay with Paypal, and Managed Payments will not handle Paypal payments until…

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Opting Into eBay Adyen Payments Beta Denies PayPal

eBay PayPal Divorce Effects Sellers Adyen Beta

eBay sellers opting into Adyen Payments beta can not opt-out of the test. Sellers also are unable to accept PayPal during Adyen beta. Looks like the divorce could get ugly! eCommercebytes reporting adds some credibility to this rumor. ‘There’s some good news and bad news for sellers, but so far eBay is not releasing details publicly. The biggest drawback is that buyers will not be able to use PayPal to pay sellers participating in the test. A provision that a reader told us he believed would negatively impact sales.’ I’m…

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eBay No FVF Credit On SNAD Mediation Plus 4% Penalty

Savvy buyers looking for free merchandise flock to eBay file snad cases

As the once mighty ship eBay Inc takes on water – company execs are tossing sellers overboard to save themselves. Savvy buyers looking for free merchandise flock to eBay. Inept policies they enacted have become a monster gobbling up sellers final value fee credits on SNAD mediation. September a 4% penalty will be added. ๐Ÿ™ On top of sellers loosing FVF refunds in SNAD cases eBay will tack on another 4% penalty fee in September. This new policy gives eBay further incentive to side with buyers on item not as…

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Seller Loses $6500 Embroidery Machine To Buyer Fraud

Seller loses $6500 embroidery machine buyer fraud eBay

This seller states he sold a $6500 embroidery machine on eBay and shipped to buyer. As it often happens buyer filed an Item Not as Described (SNAD) claim. Seller issued a return shipping label but when embroidery machine was returned an old machine was in the box. It’s yet another example of eBay buyer fraud! ๐Ÿ˜ฅ From the selling community forum: I recently sold a BRAND NEW $6500 embroidery machine. The customer had the machine for 2-3 days then opened a NOT AS DESCRIBED case. I sent return FedEx label…

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eBay Q2 Guidance Disappoints Wall Street

eBay Q2 Guidance Disappoints Wall Street

eBay once again disappointed wall street after Q2 earnings fizzled. Imagine how bad #EBAY earnings would be if they were not profiting from buyer fraud? ๐Ÿ™„ I remember back in the beginning when trust and strong community values made eBay a vibrant successful community. I remember selling quality rust free southern used cars to other powersellers. That’s how eBay worked so well in it’s early days. These days eBay trust and community values are long gone disappointing wall street! In the mid 2000’s eBay trust started fading. Scammers were literally…

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Sick Of eBay Pandering To Scamming Buyers

Extorting Buyers Neg Defenseless Sellers On eBay

Another seller preaches to the crowd how he is being defrauded as scamming buyers are pandered to by eBay. Everyday there’s more buyer fraud going down! It is said credit card companies are to blame. When buyers do not get refunds they chargeback via their credit card company. Anyway ya look at it sellers are being shafted and eBay laughs all the way to the bank! Also I’ve read in INR and SNAD cases where buyers are refunded eBay does not return the sellers final value fee. Doc believes buyers…

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eBay Buyer Return Shipping Fraud Another Seller Scammed

eBay Buyer Fraud Example

Another case of eBay buyer fraud recently surfaced. This seller sold a set of speakers. As it often happens the buyer claimed the item was defective. Seller paid for return shipping and received a small bubble-mailer envelope. When he opened the package it contained a pair of well worn smartphone earbuds. Fortunately this seller has mastered social media and has around 31k YouTube subscribers. The seller produced this video telling his story. He also used flash cards to break down the eBay and PayPal plus shipping fees. Obviously he’s rightfully…

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eBay Ditching PayPal For Adyen Payments

eBay Chooses Adyen For Marketplace Payments Processor

Wonder what’s behind eBay dumping PayPal as it’s major payments processor? It is being reported Dutch company, Adyen will be the new payments processor for marketplace payments. Possibly PayPal is concerned about being a partner in eBay buyer return fraud? We’ve read horror stories about how sleazy eBay buyers are stealing money from eBay sellers in whats called return fraud. This kind of payments fraud goes something like this. Buyer purchases an iPhone from a new or occasional eBay seller. Seller ships item to buyer who either claims it did…

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eBay Buyers Continue Stealing Items From Sellers

iPhone Seller Defrauded By eBay PayPal Buyers

An occasional seller placed his iPhone 6 up for sale on eBay. As it often happens the buyer filed a Seller Not As Described claim (SNAD) with eBay who froze the funds in his PayPal account. Photo of damaged iPhone 6 eBay buyer sent to seller See the link below to the sellers website for full details on this failed eBay transaction. From DavidTarver.com: I found out the hard way that EBay is facilitating the theft of itemsย people post for sale on their site. I just had an experience with…

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