eBay will introduce its managed payments experience in the United Kingdom, making this the third market to offer the new payments experience, after the US and Germany. The service offers buyers flexibility and choice in payment methods, while giving sellers a better way to manage their businesses.
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eBay is busy modernizing its marketplace and wants to offer a more streamline experience. One of the things that should help with this is eBay taking control of the payments process on its platform.
In September 2018, the major ecommerce company started managing payments on its platform in the US. It then expanded the service to sellers in Germany in September 2019. This summer, it’s the United Kingdom’s turn.
“By starting to manage payments in the UK this year, we’re taking another step to deliver improvements for our customers”, said VP of eBay UK Rob Hattrell. “We know that sellers and buyers expect smooth and seamless transactions, and this new payments experience is designed to offer exactly that. In the coming months, we will make the transition as smooth as possible for sellers so they can take advantage of this important update quickly.”
The new payments experience is designed to offer smooth and seamless transactions.
Offered payment options on eBay UK
With the new payments experience, buyers from the United Kingdom can use different kinds of payment methods, including credit card, Google Pay and PayPal. Apple Pay will be available as a payment option on iPhone and iPad.
The company expects to have transitioned most of its UK business sellers by the end of this year, and a majority of its marketplace customers next year. With its managed payments, so far eBay has processed about 1.85 billion euros in gross merchandise value for almost 25,000 sellers.