eBay UK Introduces eBay Balance, Bringing Spendable Funds To UK Sellers
eBay UK has announced eBay Balance, bringing greater flexibility to how sellers use and manage their earnings on the site, similar to Spendable Funds in the US - but watch out for changes to scheduled payouts!
eBay Balance is part of a larger announcement bringing fee-free selling to UK private sellers across all categories except Motors.
Liz Morton
The feature allow sellers to use sales proceeds to pay for shipping labels, shop for new items on the platform, starting October 16th.
Use your earnings to shop on eBay and more
From 16 October, you'll be able to enjoy greater flexibility with your sales earnings with the introduction of eBay balance. Use your earnings to easily and conveniently make a purchase, and pay for delivery labels, promoted listings, and more.At checkout, just select 'eBay balance' as your payment method. You can use as much or as little of your balance as you like, or combine your balance with another payment method to cover the full amount. Plus, easily withdraw your funds when you need them.
With eBay balance, your earnings are ready to use once your sales and funds are processed (holds may apply).
Importantly, this change will get rid of scheduled payouts completely for private sellers - once funds are processed, they will simply automatically sit in your eBay Balance until/unless you request to withdraw them.
Defaulting to leaving funds on account is a shrewd move for eBay, since they earn interest on those funds, but requiring sellers to manually request transfers seems like a giant step backwards in convenience and user experience.
Liz Morton
There may also be times when using your eBay Balance as a payment method may not be available including on digital items, gift cards and coupons, specialty services and other transaction details or verification-based limits.
What do you think of eBay Balance and fee-free selling for the UK? Let us know in the comments below!
