Quoted from loneacer:Buyer's see no difference. As a seller, the money is collected by ebay instead of paypal. You have an ebay managed payment balance instead. Fees are automatically taken out of that balance during each transaction instead of you paying your ebay fees monthly.
I made the change as well, was fairly simple. I think now it forces the a buyer to actually pay when they win a buy it now auction which is nice. Previously someone could win a buy it now auction then just close the browser on the payment step since that required a separate trip to paypal to complete the auction. I've had many auctions ruined that way by non payers, then I'd have to wait the four days, dispute and relist the auction. Seems like now since ebay handles auction and payment they are finally requiring payment to actually end a buy it now auction which is really nice and so long overdue.
The change is fine by me. I've tried selling things on other places but at least in my case the simple reality is I always get far better money on ebay compared to anywhere else. Most other places like craigslist, letgo, etc have to me always been a colossal waste of time dealing with endless lowballers, I gave up on all of them.