I think the managed payments system was the final straw for me as a seller, not because I love paypal, but simply because if I sold something for £500 the payment was instant and the funds available instantly.

Often I’d sell something to buy another thing, so I sell a synth on Saturday for £500, I buy the thing I want using my paypal balance immediately after selling, on the Monday I’d ship the item to the seller, and on the Tuesday 9 times out of 10 the item I bought would arrive too.

Now a lot of sellers, quite rightly, won’t post until the money is in their bank account, which can take longer than a few days, so it slows the whole process down.

I guess it is less of an issue for people who have a dedicated ebay bank account.