EBAY (UK) LIMITED
Company number: 03726028
Reporting period:
1 January 2022 to 30 June 2022
Report filed on:
7 July 2022
Approved by:
Alec Latimer
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 83%
- in 31 to 60 days: 12%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 1%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
eBay (UK) Ltd., 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 (UK) Ltd. i.e. between 00 and 30 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?
Payment terms changed from NT60 to NT30
Were suppliers notified or consulted about these changes before they were made?
Our POs reflect our standard payment terms and it's communicated to the vendors during agreement. The vendor and business partners can negotiate different payment terms as needed.
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
N/A
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.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
Yes
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No