SWMBO has been pushing me to sell things on eBay for years; she use to, but stopped when it got overwhelming.
I've been thinking about doing this, more seriously, in order to help fund Rover repairs and a few other things.
Based on this thread I started doing more research into becoming an eBay seller. What I have learned is rather surprising.
#1 - they split ways with PayPal in 2015, yet some sellers are still being told to create PayPal accounts. A person who opened their seller account was told they needed to do this the last week of April this year.
#2 - they require access to your bank account so there will be no delays in recovering money for their fees.
#3 - good luck getting your money anytime soon:
https://is.gd/ghSDxe#3a - dozens of sellers are reporting that eBay is holding funds for 21 days regardless of the amount, even if ALL the criteria under 'How to get your money fast' section (link above) has been met. In several cases the amount was less than $250. Main excuse given for this: "in case the buyer complains and wants a refund".
#4 - shipping. If you notice, the high shipping rates are usually associated with eBay shops and individuals with a long seller history, or are a Top Rated Seller, Above Standard, or Standard status and use eBay labels for shipping. There's a price to pay for all of this and it's passed on through 'shipping and handling' fees which are rolled into the 'shipping costs'. I have seen this myself recently - I paid an incredibly high shipping cost to a seller who had an eBay store, was a Top Seller AND used eBay labels; I then bought an item (bigger and heavier) from a seller who didn't have a store, wasn't a top seller and didn't use eBay labels - the cost was less than half. The shipping distance to me from each one wasn't enough to make any difference - less than 100 miles.
The above is information found via eBay itself and the several complaints registered with them. The following info comes from websites that monitor e-commerce trends and such. Each of them have pointed out that eBay is no longer transparent and it is incredibly hard to get any concrete information out of them. They said that you can ask the same questions to several customer service reps and get a straight answer.
First thing they said was that all of the main changes in re "paying funds to sellers" occurred in 2019 and most sellers got no notifications about it, or the notifications were buried in the fine print's fine print (they know most people do not read the fine print or understand it). They then went into lengthy detail how murky the information was and that even they - e-commerce professionals - were having a hard time understanding the new rules and regulations.
The speculations are the most interesting, and if you follow the money it makes more sense.
PayPal held buyers/sellers money in trust/escrow type accounts. Typically these are non-interest bearing accounts, but in some States, Countries, Territories and such they can be interest bearing. Regardless, eBay had to pay PayPal service fees and such and they were passed on to the consumer.
Now that eBay no longer uses PayPal they hold all the money. I have been trying to figure out what types of accounts eBay uses to place all of this money that is 'on hold' in but haven't figured it out; even the e-commerce community has tried. They are probably trust/escrow accounts, yet where they are located makes a huge difference. Roughly $86,000,000/£61,000,000 passes through eBay's hands every day; they get about 15-20% of this through fees and such. However, if that amount of money is placed in an interest bearing account... there is a trading/finance term I can't remember at the moment - it deals with large amounts of money being deposited just long enough to bear interest. Several are speculating that with PayPal out of the way eBay is being able to do this a lot easier now. Basically - they are holding on to buyers'/sellers' money long enough to accrue interest.
Of interest.... most of the big changes occurred in 2019 and were implemented before the first quarter of 2020 - almost as if someone knew the World was about to go into lockdown and e-commerce would skyrocket.