Ina Steiner EcommerceBytes Blog
News and insight focusing on ecommerce.
by Ina Steiner, Editor of EcommerceBytes.com
Sun Apr 14 2024 11:19:11

eBay to Monetize the Credit Needs of Sellers and Buyers

By: Ina Steiner

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When eBay sales stalled some years ago, it promised Wall Street it would find revenue growth through advertising and payments. By taking over payment-processing from PayPal, it has been able to grow that stream of revenue.

Now it looks like eBay is exploring more ways to boost payments growth by monetizing the credit needs of sellers and buyers. eBay is working on new financial services and is seeking a Director of Product Co-Brand Credit Card. 

The job description for the new position explains: "eBay has a unique opportunity to streamline credit products for eBay buyers/sellers with "Uniquely eBay" benefits and rewards that are designed around eBay buyers & sellers. This is a key part in our financial services strategy where we want to empower our card holders both on and off of eBay and help them capture more value when transacting with their eBay credit card."

Among the job responsibilities are the following:

"Develop and implement the co-brand credit card product strategy to drive growth, profitability, and customer satisfaction."

"Collaborate with partners/issuer to design and enhance credit card offerings that align with both eBays  brand values and customer expectations."

"Oversee the product life cycle, including ideation, development, launch, growth, and sunset phases."

"Lead the P&L for the co-brand credit card portfolio, including forecasting, budgeting, and reporting."

In addition to offering branded credit cards, many marketplaces also offer services for buyers and sellers that can presumably boost sales. On the consumer side, there are Buy Now Pay Later options. On the merchant side, there are lending programs. eBay currently partners with Funding Circle to provide eBay sellers with term loan financing, according to the eBay Seller Capital landing page. 

eBay's renaming of its "Global Payments & Risk" division to "Global Payments and Financial Services" is a sign of its ambitions and another opportunity to boost revenue even without increasing sales. What other ways are you seeing eBay boost revenue independently of growing sales?

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Perminate Link for eBay to Monetize the Credit Needs of Sellers and Buyers   eBay to Monetize the Credit Needs of Sellers and Buyers

This user has validated their user name. by: toolguy

Sun Apr 14 11:49:42 2024

eBay still see's Paypal profiting heavily off eBay sales with Paypal credit and wants in on the action. . .eBay's still missing out on a revenue stream of early access for buyers willing to see things a few minutes earlier then the masses.  

Perminate Link for eBay to Monetize the Credit Needs of Sellers and Buyers   eBay to Monetize the Credit Needs of Sellers and Buyers

by: Nothingnewecrater This user has validated their user name.

Mon Apr 15 00:57:39 2024

All they had to do to stay on top. Was not micro manage everyone's business. Not rip off every seller with charging a % of the shipping. And hire people that knew the business. Not corporate people that only know numbers.oh well I'm no longer jumping through their nonstop hoops. And don't miss it one bit

Perminate Link for eBay to Monetize the Credit Needs of Sellers and Buyers   eBay to Monetize the Credit Needs of Sellers and Buyers

by: Whatever This user has validated their user name.

Mon Apr 15 12:57:39 2024

it gets harder and harder to keep up with the exorbitant salaries of the higher ups.  

Perminate Link for eBay to Monetize the Credit Needs of Sellers and Buyers   eBay to Monetize the Credit Needs of Sellers and Buyers

This user has validated their user name. by: Rexford

Mon Apr 15 13:44:19 2024

Fine by me.  I would rather eBay find another revenue stream (or several) than to continue to bleed sellers dry with additional fees.

Hopefully they have learned that continuing to add seller fees is not a sustainable business model.

Perminate Link for eBay to Monetize the Credit Needs of Sellers and Buyers   eBay to Monetize the Credit Needs of Sellers and Buyers

by: Actual Seller This user has validated their user name.

Mon Apr 15 15:38:02 2024

Fire all the CIA's destroying the small sellers from the inside of eBay and they can thrive.

Perminate Link for eBay to Monetize the Credit Needs of Sellers and Buyers   eBay to Monetize the Credit Needs of Sellers and Buyers

by: pace306 This user has validated their user name.

Tue Apr 16 08:32:58 2024

When you have no idea how to run a company, pay super high salaries to people who do nothing all day, have %50 too many employees and the sales start to dry up - you "become a bank".

Who (on planet earth) needs an eBay CC?

Who (on planet earth) wants eBay ANYWHERE their funds? (its bad enough eBay gave itself the right to have them in the first place).

It looks good on paper, it may keep WS at bay for a while, but its no substitute of the 1 and most important thing - MAKING SALES.

Stop fighting with your sellers, work together as a TEAM, dump all the fakes and reproductions (unless sanctioned by the rights holders) and focus on moving product ..... nothing else counts

"GOD" just gave eBay a gift - the virtual IMPLOSION of Mercari - go take advantage of that. Put out a special welcome to fleeing sellers and create a program to capture those sales, stop playing "being a bank".

Perminate Link for eBay to Monetize the Credit Needs of Sellers and Buyers   eBay to Monetize the Credit Needs of Sellers and Buyers

by: Opalie This user has validated their user name.

Tue Apr 16 12:54:01 2024

Sellers LOVED Paypal working capital loans.

Nothing ebay has offered so far has come even close. I very much doubt this new offering will either.

Perminate Link for eBay to Monetize the Credit Needs of Sellers and Buyers   eBay to Monetize the Credit Needs of Sellers and Buyers

by: Andy This user has validated their user name.

Tue Apr 16 16:25:53 2024

I shudder to think what the interest rate would be on an eBay credit card.

Perminate Link for eBay to Monetize the Credit Needs of Sellers and Buyers   eBay to Monetize the Credit Needs of Sellers and Buyers

by: Snapped This user has validated their user name.

Tue Apr 16 18:16:31 2024

“eBay to Monetize”

Slow news day?

Perminate Link for eBay to Monetize the Credit Needs of Sellers and Buyers   eBay to Monetize the Credit Needs of Sellers and Buyers

by: comments This user has validated their user name.

Wed Apr 17 02:46:46 2024

There are so many resellers on ebay that it would be far more profitable to give sellers access to their own money.

I have processed thousands of payments under managed payments and feel that it is 100% secure and I don't feel the slightest bit of worry when I ship items that will be paid out in a future time.

The part that bothers me is just how slow it is. At minimum it takes about 3-4 days to be able to reinvest funds. It is unlikely that a credit offering would be a better solution then same day payouts.

This is particularly so if they are trying to co-brand a creditcard. They already have one and offer me a $50 statement credit almost daily to sign up.

I love and enjoy ebay but I don't they are a bit too quick to cancel anyone for unexplained reasons. I don't want every aspect of my finances to be co-mingled with a company that make it clear that their position of partner is the ultimate illusion. I would seek credit elsewhere should find myself in need.

Perminate Link for eBay to Monetize the Credit Needs of Sellers and Buyers   eBay to Monetize the Credit Needs of Sellers and Buyers

by: Snapped This user has validated their user name.

Wed Apr 17 10:16:58 2024

“ I don't want every aspect of my finances to be co-mingled with a company that make it clear that their position of partner is the ultimate illusion.”

Very wise words.

Perminate Link for eBay to Monetize the Credit Needs of Sellers and Buyers   eBay to Monetize the Credit Needs of Sellers and Buyers

by: salvagepanda This user has validated their user name.

Wed Apr 17 11:16:05 2024

“I don't want every aspect of my finances to be co-mingled with a company that make it clear that their position of partner is the ultimate illusion.”

This right here!! Ebay doesn't care 1 ounce about its sellers.  



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