EBAY (UK) LIMITED
Company number: 03726028
1 January 2019
to 30 June 2019
This report was filed on 2 October 2019
and approved by Alec Latimer
Average time taken to pay invoices: 28 days
- within 30 days: 85%
- in 31 to 60 days: 10%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 41 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
eBay Ltd. (UK), as standard, pays all its suppliers and distributors no later than the last day of the month following the month in which the relevant undisputed invoice is received by eBay Ltd. (UK) i.e. between 00 and 61 days from receipt.
Variations to these standard payment terms are by exception only and only applied when negotiated and agreed by both parties.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
Typically the supplier will coordinate with the PO requester and they will negotiate any disputes directly for low value dollar contracts (<250k). Other than that there is no exclusive dispute resolution process; the process may vary on the type of contract and the location where the service is provided.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
Does this business offer e-invoicing in relation to qualifying contracts? This is where suppliers can electronically submit and track invoices. It’s not just allowing suppliers to email them an invoice.
Does this business offer supply chain finance? This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?