The eBay online marketplace is set to update their payment and listing policies at the end of the month.
New rules as of May 31 mean that fees and expenses will be deducted at the point of sale, rather than through a monthly billing statement, reports the Mirror.
The remaining balance will then be transferred directly to the sellers’ bank accounts instead of via PayPal.
The move will give buyers a wider variety of payment options in addition to Apple Pay, Google Pay and PayPal, eBay said, although sellers can only claim their income through wire transfers.
These withdrawals will be less the registration fee and final value.
The sellers’ final value charge will remain at 12.8% of the total sale amount plus 30 pence per order, which drops to 3% for the portion of any one-time sale over £ 2,500.
The website also gives more powers to regulators starting this month, which will be able to unilaterally remove dangerous listings.
Officials will be able to remove items “when there is evidence of a risk to consumer safety,” eBay said.
In the UK, this will include the Office for Product Safety and Standards and the Internet regulator Ofcom.
Over the years, investigators have found dangerous electrical devices, toys and batteries for sale in a wide variety of online marketplaces, including Amazon and the Chinese site Wish.
The latter initiative, eBay said, is designed to speed up the removal of “illegal or dangerous items.”
Murray Lambell, UK director of eBay, said the coronavirus pandemic had led online shopping to become “an even bigger part of everyone’s life.”
“Markets should take their responsibility for consumer safety seriously, but working with authorities is vital,” he said.
“We hope other industry players will follow suit.”
Electrical Safety First Managing Director Lesley Rudd said: “Our investigations have continuously found unsafe and unbranded electrical products with obvious visual defects for sale to UK consumers. These products often lack some of the most important safety features. elementary. “
“Online marketplaces need to be legally recognized as retailers in order to sufficiently address the problem of dangerous goods sold through their sites and we urge the government to include these sites in their next online safety bill.”