Yes! eBay implements autopay for auctions

[fabiani12333]

Originally Posted by rwperu34

I would have a huge problem with this. On this past Sunday I had 2x as many dollars in bids as I have max credit on my account. Not to mention whatever I had already paid for over the last couple of days. That was a huge day, but over a normal week I'm spending more $ than I have credit available, which means I'm bidding on 4x-5x more than I have credit available. Am I going to need to quadruple my available credit just to make my normal bids?

Note to OhioLawyerF5: Another legitimate bidder filtered out^^^

Based off some research I've done, it appears that eBay doesn't favor the auction format. It represents a much smaller portion of their sales volume relative to BIN or BO. It has been in steady decline over the last decade and a half, coinciding with the rise of Amazon. Speculation is they have discouraged sellers from selling via auctions because they want to be more like Amazon. A high percentage of auctions are concentrated in collectibles and antiques.

So if this new rule results in more BIN's and BO's at the expense of auctions, that might be what eBay intended.

[rwperu34]

Originally Posted by fabiani12333

Based off some research I've done, it appears that eBay doesn't favor the auction format. It represents a much smaller portion of their sales volume relative to BIN or BO. It has been in steady decline over the last decade and a half, coinciding with the rise of Amazon. Speculation is they have discouraged sellers from selling via auctions because they want to be more like Amazon. A high percentage of auctions are concentrated in collectibles and antiques.

So if this new rule results in more BIN's and BO's at the expense of auctions, that might be what eBay intended.

This is kind of what I'm afraid of. I mean the way to eliminate NPB and shill bidding 100% would be to eliminate auctions. That would be terrible for me. I'm sure the people who complain about NPB and shill bidding prefer having auctions as well or they wouldn't use them.

One thing I can tell you for sure. In an early bird gets the worm situation (eg all BIN/BO), I am going to lose.

[premium1981]

Originally Posted by NYBBFAN

^^ that is a you problem, not an eBay problem.

Its actually a both problem. Buyers and sellers make up ebay and their revenue. If they are doing things that keep people from bidding it affects everyone. There are all kinds of situations that will prevent bids coming in at the same level as before. His is just another example. Its great for people who are able to buy because things will be cheaper. Bad for sellers running auctions and bad for ebay as it will lower revenue.

[KhalDrogo]

Originally Posted by rwperu34

I'll accept that as long as you accept that it's going to be a fairly common problem that filters out legitimate buyers.

Active bids surpassing available credit limits is not a “fairly common problem”.

[KhalDrogo]

Originally Posted by fabiani12333

Based off some research I've done, it appears that eBay doesn't favor the auction format. It represents a much smaller portion of their sales volume relative to BIN or BO. It has been in steady decline over the last decade and a half, coinciding with the rise of Amazon. Speculation is they have discouraged sellers from selling via auctions because they want to be more like Amazon. A high percentage of auctions are concentrated in collectibles and antiques.

So if this new rule results in more BIN's and BO's at the expense of auctions, that might be what eBay intended.

You are thinking of eBay as a whole, instead of just the trading card sector. eBay’s biggest partners in trading cards all feature auctions over BIN by a very wide margin. That’s not changing, nor does eBay want it to change.

With this move, eBay is trying to continue their dominance in the space. I suspect they started to see growing percentages of higher value items not being paid for while simultaneously losing similar items to other auction houses. eBay wants to be the auction house for items from all price ranges, not just a place to dump your low to mid-tier cards.

[fabiani12333]

Originally Posted by KhalDrogo

You are thinking of eBay as a whole, instead of just the trading card sector. eBay’s biggest partners in trading cards all feature auctions over BIN by a very wide margin. That’s not changing, nor does eBay want it to change.

With this move, eBay is trying to continue their dominance in the space. I suspect they started to see growing percentages of higher value items not being paid for while simultaneously losing similar items to other auction houses. eBay wants to be the auction house for items from all price ranges, not just a place to dump your low to mid-tier cards.

My gut feeling is that eBay is often used by trading card sellers for price discovery or manipulation. A lot of the cards listed on eBay get sold off the platform. Younger people especially do this. They don't want to pay eBay fees or get a 1099.

eBay wants auctions to be more efficient and used by serious buyers and sellers. There is too much abuse and misuse of the platform.

[bub838]

Originally Posted by rwperu34

I would have a huge problem with this. On this past Sunday I had 2x as many dollars in bids as I have max credit on my account. Not to mention whatever I had already paid for over the last couple of days. That was a huge day, but over a normal week I'm spending more $ than I have credit available, which means I'm bidding on 4x-5x more than I have credit available. Am I going to need to quadruple my available credit just to make my normal bids?

Note to OhioLawyerF5: Another legitimate bidder filtered out^^^

...what happens if you win all those auctions?

[Goldie]

Originally Posted by rwperu34

I would have a huge problem with this. On this past Sunday I had 2x as many dollars in bids as I have max credit on my account. Not to mention whatever I had already paid for over the last couple of days. That was a huge day, but over a normal week I'm spending more $ than I have credit available, which means I'm bidding on 4x-5x more than I have credit available. Am I going to need to quadruple my available credit just to make my normal bids?

Note to OhioLawyerF5: Another legitimate bidder filtered out^^^

This is a FANTASTIC argument for why this program should exist. Is a bid legitimate if you don't have the money available to win it when it is placed? If you have $10,000 available and you place $20,000 in bids, I would say that the latter $10,000 is not being made by a "legitimate bidder" and you may need to change your own definition and perspective on bidding.

[MattRoc]

Originally Posted by rwperu34

I am simply not going to authorize eBay to charge my card until I am ready....unless I'm forced.

This is a wild comment. You should be "ready" to make a payment for an item any time you make an offer, submit a bid, hit a BIN, etc. Try walking into your local grocery store, taking a gallon of milk to the register, showing them a credit card and saying, "I'm going to take the milk home, but I'm not ready to pay for it yet. I'll be back in three days to hand over the cash."

[KhalDrogo]

How can you be bidding with an intent to win if you don’t have the money to cover the cost if you do win? Sounds like shill bidding to me.

[JoinerCP]

I've changed my mind on this due to the wonderful discussion on here. The inconvenience of paying immediately is far less than the potential to market-correct card values by reducing shillers and people bidding who don't actually have the funds to cover it.

I wish Ebay would implement a network analysis behind the scenes to track bids on items/non-pays to find accounts responsible for price manipulation. I realize that isn't in their interest if we think about it in terms of maximum value per auction but it is in their interest to give buyers confidence in their marketplace and reduce inflated prices. I'm positive there are much smarter people who are capable of adding this to the platform.

[oddstuff]

I suspect that some consignors will opt out (for now) the autopay ability, as one of the selling points for them is the ability for buyers to combine ship multiple purchases. Down the road though, ebay may make autopay required for all their transactions as slow payors/non payors slow down the entire transaction process. Some folks already complain that their consigned items don't get paid in a timely manner or at all...and it takes a week or longer to be relisted by their consignor so they may want their consignor to go on autopay. Upset buyers will either need to take their business elsewhere or adapt to the new model. I suspect most legit sellers (and even buyers) want a more efficient model which autopay does. Autopay removes the delayed time factor and shillers looking to bump up comp values.

[rwperu34]

Originally Posted by bub838

...what happens if you win all those auctions?

I wait two days until the charges hit the card and pay it down. Or, I use another payment method. I've always got my living expenses account if it happens right as I've exhausted my sequestered baseball card funds. Before you say just use those to cover the bid, that would be a nightmare from a bookkeeping perspective. Enough to make me reduce my bids at 50%.

Originally Posted by Goldie

This is a FANTASTIC argument for why this program should exist. Is a bid legitimate if you don't have the money available to win it when it is placed? If you have $10,000 available and you place $20,000 in bids, I would say that the latter $10,000 is not being made by a "legitimate bidder" and you may need to change your own definition and perspective on bidding.

My non-pay rate is zero. Actually, that's not true. According to an eBay rep, I had one. I never figured out what, when, or how, but it happened.

For perspective, in the last 12 months I have paid for over 2,500 items...just in case you think it's worth it to kick someone off of the platform for one mistake.

Also, I am a big "I get paid on Friday" type. Except Tuesday night/Wednesday morning is the day. You see, that's when the eBay payout hits my account. For me this would only push the spending back by a few days, but for those few days someone would be getting hurt, along with me.

I am going to say this once, and say it loud. So listen very carefully. Whatever perception people have tried to create of the amount of money I spend or the types of cards I go after, I spend a pantload on baseball cards. If you are setting up a process that excludes me from bidding on cards, or reduces my total spend, or slows down the pace at which I spend (and consequently sell!), you are setting up a system for failure.

[rwperu34]

Originally Posted by KhalDrogo

Active bids surpassing available credit limits is not a “fairly common problem”.

I'm guessing it's the #1 or #2 reason people don't pay. Buyer's remorse being the other.

[rwperu34]

Originally Posted by MattRoc

This is a wild comment. You should be "ready" to make a payment for an item any time you make an offer, submit a bid, hit a BIN, etc. Try walking into your local grocery store, taking a gallon of milk to the register, showing them a credit card and saying, "I'm going to take the milk home, but I'm not ready to pay for it yet. I'll be back in three days to hand over the cash."

WTF are you talking about? I don't pay for that gallon of milk until I'm ready. Just like a baseball card. Unless somebody is sending the card before I pay...which has happened exactly zero times.

And don't make it out like I'm creating my own set of rules here. eBay gives us four days to pay before the seller can do anything about it. So I pay within that time....except for the sellers that tell me I have longer.

[Badgers0821]

Originally Posted by rwperu34

WTF are you talking about? I don't pay for that gallon of milk until I'm ready. Just like a baseball card. Unless somebody is sending the card before I pay...which has happened exactly zero times.

And don't make it out like I'm creating my own set of rules here. eBay gives us four days to pay before the seller can do anything about it. So I pay within that time....except for the sellers that tell me I have longer.

What’s your eBay ID? Asking for a friend…

[Goldie]

Originally Posted by rwperu34

My non-pay rate is zero. Actually, that's not true. According to an eBay rep, I had one. I never figured out what, when, or how, but it happened.

For perspective, in the last 12 months I have paid for over 2,500 items...just in case you think it's worth it to kick someone off of the platform for one mistake.

Also, I am a big "I get paid on Friday" type. Except Tuesday night/Wednesday morning is the day. You see, that's when the eBay payout hits my account. For me this would only push the spending back by a few days, but for those few days someone would be getting hurt, along with me.

I am going to say this once, and say it loud. So listen very carefully. Whatever perception people have tried to create of the amount of money I spend or the types of cards I go after, I spend a pantload on baseball cards. If you are setting up a process that excludes me from bidding on cards, or reduces my total spend, or slows down the pace at which I spend (and consequently sell!), you are setting up a system for failure.

I don't think anyone is questioning if you pay for cards or not, or what qualifiers you would describe the load that you spend on cards. You are saying you bid more than your financial institutions will let you spend, setting yourself up as an illegitimate bidder. If you won every auction you bid on, you would only be able to pay for things through maneuvering or waiting for money to come in. I think ebay restricting you to your credit limit is absolutely setting their system up for success, and it's you who should consider raising that limit or staying within it, if you feel like it will impact your bottom line.

[rwperu34]

Originally Posted by Goldie

I don't think anyone is questioning if you pay for cards or not, or what qualifiers you would describe the load that you spend on cards. You are saying you bid more than your financial institutions will let you spend, setting yourself up as an illegitimate bidder. If you won every auction you bid on, you would only be able to pay for things through maneuvering or waiting for money to come in. I think ebay restricting you to your credit limit is absolutely setting their system up for success, and it's you who should consider raising that limit or staying within it, if you feel like it will impact your bottom line.

Neigh. I have the money.

As far as I know, I'm not in charge of how much credit limit I have. One problem I'm running in to is I can't pay it off fast enough. Not because I don't have the cash...because it's taking 2-3 days to show up in my account. I don't know who is at fault there, but it's definitely not what I expected. For awhile there it was taking four days from when I paid for the credit to become available. The bank didn't know why, but I solved that problem on my own and it helped immensely. I probably spend $4000 and didn't get the 2% back because of that.

What I really liked is the old days with Paypal, when it was just one column in the spreadsheet. None of this juggling BS.

Bottom line: I have four days to pay. If I want to take those four days, I will. Unless you tell me I have longer. Non combined shipping stuff is paid for within 48 hours unless I go out of town or something. If that's not acceptable to anyone, they really should rethink whether or not auctions are for them. BIN is paid immediately. Always.

[rwperu34]

Originally Posted by Badgers0821

What’s your eBay ID? Asking for a friend…

How about this. Anybody who has this up and running, has a decent amount of cards up for auction with a total cost of $4 or less, and doesn't mind PMing me their eBay ID can have my eBay ID after I snipe an item or two. Then you can all pass it around and block me and I'll make a list and I'll go in the eBay forum and make fun of you for all of the bids you've lost....all while you complain about the cost of unopened relative to the price of singles.

^^^That is a serious offer, BTW. I'd like to test this out while I'm on a break. As many bids as I put in you'd think I would have come across one already, but so far every snipe has gone through. Today I put regular bids on about 10 items from different unknown sellers, none asked me for payment info.

[JoinerCP]

What happened to KhalD's replies here?

[Cactuspies]

I am sort of on team ebay now for how they fixed the auto pay. It's now at least for me 3 days until the funds come out. I don't like that I have no winning notices until the payment goes through and the cards/items just sit in my cart. You can choose to pay whenever if you don't want to wait. this now gives sellers time to combine shipping.

The 1st grouping was fine, this 2nd set of items I purchased I'm getting daily reminders from the sellers to pay, that didn't happen before.

only drawback is if you won something that doesn't have the autopay you have to double check your purchases/cart and/or emails to verify and make sure you physically pay for that/those items.

[KhalDrogo]

Originally Posted by JoinerCP

What happened to KhalD's replies here?

They were probably deemed too rude and irrelevant and were deleted.

[fabiani12333]

Originally Posted by rwperu34

How about this. Anybody who has this up and running, has a decent amount of cards up for auction with a total cost of $4 or less, and doesn't mind PMing me their eBay ID can have my eBay ID after I snipe an item or two. Then you can all pass it around and block me and I'll make a list and I'll go in the eBay forum and make fun of you for all of the bids you've lost....all while you complain about the cost of unopened relative to the price of singles.

^^^That is a serious offer, BTW. I'd like to test this out while I'm on a break. As many bids as I put in you'd think I would have come across one already, but so far every snipe has gone through. Today I put regular bids on about 10 items from different unknown sellers, none asked me for payment info.

rwperu34, I appreciate your comments and contributions to the discussion in this thread. I'm not exactly clear what you're against as it relates to eBay's new auction changes -- can I get a recap and summary of what those reasons are? Are you just against autopay completely? Or are you okay with it under certain conditions?

[Goldie]

Originally Posted by fabiani12333

rwperu34, I appreciate your comments and contributions to the discussion in this thread. I'm not exactly clear what you're against as it relates to eBay's new auction changes -- can I get a recap and summary of what those reasons are? Are you just against autopay completely? Or are you okay with it under certain conditions?

I'll try: He relies on the current system to float more bids than he has credit to pay for, is also concerned about the impact on auction sniper tools, and is worried this will make sellers have less incentive to list at auction (which would eliminate his business of playing the spread between what he gets at auction and then sells at BIN).

[fabiani12333]

Originally Posted by Goldie

I'll try: He relies on the current system to float more bids than he has credit to pay for, is also concerned about the impact on auction sniper tools, and is worried this will make sellers have less incentive to list at auction (which would eliminate his business of playing the spread between what he gets at auction and then sells at BIN).

Okay, that makes a lot of sense -- thanks. But I think it's only fair to let rwperu34 explain his positions, so I await his response.