Well it doesn't seem like much has actually changed, just ebay are now taking a slice of cash payments (dressed up as being of great benefit to sellers).
From the money-saving website;
" eBay sellers will soon be paid directly into their bank rather than into PayPal accounts. It means PayPal will no longer take a slice of your earnings, but eBay's hiking fees. We explain the full details on what's happening and who the winners and losers are.
Currently, PayPal is the only option eBay sellers have to receive money from sales unless they get cash in hand, so switching to using bank accounts is a big shake-up – although it's worth pointing out that buyers can continue to use PayPal and other methods to send payments.
The changes are being gradually rolled out to private sellers from now until the end of 2021.
Our eBay Selling guide takes you through how to cut fees and boost sales when flogging your unwanted junk. Plus see how to avoid fees altogether by selling on Facebook Marketplace.
How are eBay's fees changing?
This is what's happening for private sellers below (business sellers may pay slightly different fees):
Existing system. When an item sells, eBay charges a flat 10% of the sale price, including postage. PayPal's cut is 2.9% of the final amount, including postage, plus 30p for each transaction.
So sell something for £10, plus £3 delivery, and eBay will take £1.30 while PayPal takes 68p. This leaves you with £11.02.
Alternatively, sell something for £100, plus £2.50 delivery, and eBay will take £10.25 while PayPal takes £3.27. This leaves you with £88.98.
New system. eBay will charge a final value fee of 12.8%, including delivery, plus 30p per order, while PayPal will be cut out of the equation. This means you'll be fractionally better off.
So take your £10 sale, plus £3 delivery, and eBay will take £1.96, leaving you with £11.04.
Alternatively, sell something for £100, plus £2.50 delivery, and eBay will take £13.42, leaving you with £89.08.
It's not just sellers fees that are changing. Here are some other points to note:
You'll still be charged for cash in hand. A big downside is that currently some sellers avoid PayPal fees eating into their profits by taking cash in hand on collection. But eBay will still charge the new higher fee even if you accept cash. It will do this by debiting the fee from the "preferred" account you've listed on its records.
Payments will take longer process. Under the changes, cash will now take two working days to hit sellers' accounts – unlike with PayPal, where it's instant. So if you get paid on a Saturday, the cash might not reach your account until Tuesday – although you can choose to schedule payments daily as funds are available, or weekly "