The majority of ebay users have already switched cause it was required to do so, same for me, here's what i was sent and this was 3-4 months after my buddy told me about it, so it took a bit to get to me, not sure how they're doing it in what order but I've switched, already saved me around 50% on my fees, I have no complaints:
All sellers receiving this email are required to update their account details by 12/31
Fees and expenses will be deducted before you get paid and the remainder of your eBay earnings will go directly to your bank account, not your ****** account. Your eBay selling fees will be automatically deducted from your earnings at the time of sale. No more ****** payment processing fees.
