eBay is now fully transitioning away from PayPal and having their sellers revenues deposited straight to the seller’s bank account, not through Paypal.
This option is not yet fully rolled out and only some sellers currently have this option. Presumably it’ll roll out for everyone in the coming months.
From what I can tell, the fees with eBay processing payments are lower than with Paypal processing: for example, most items on eBay have a final value fee of 10.2% + Paypal’s 2.9% fee (total of 13.1%) whereas under the new system the total fee is 12.55%, a savings of .55% in fees. Please correct me if this info is wrong.
Hat tip to reader myi