catherbrownbooks Picture Manager will be retired after Aug 31 and your account will be closed. All of your photos will remain hosted for at least 100 days after your Picture Manager account is closed, regardless of whether you close it today or whether you wait for eBay to shut it down after Aug 31.
I looked at your store, and the only photo I saw that would be considered part of the free store hosting is your store logo. eBay will continue to host that as a free service and they will move the photo for you. If you are using that store banner in any other locations, like in forums posts or emails, you will need to look for the new URL when it converts. Simply right-click your store banner and read the properties.
I also saw a photo on your "About the Seller" page, and if that page was created in the normal manner, then that photo is unrelated to Picture Manager and will continue to be hosted as one of the two free "About Me" page photos.
All of the photos that are in the description area of your listings will need to be moved to a new host. They will last for 100 days after your account is closed, so be sure to get them replaced before the holiday selling season.
Any photos that are uploaded in the normal eBay locations/slots will convert to EPS (eBay Picture Services) photos the next time you relist after closing your account, and you will be charged accordingly. Good-til-canceled items auto-renew every 30 days, so I think those will convert to EPS on the first 30-day schedule after you close your account, and you will be charged accordingly.
Rehosting While your Picture Manager account is still active, you will be able to download a zip file of all of your photos, so be sure to do that well in advance of the Aug 31 deadline. Any images that were used inside the description area will need to be rehosted elsewhere, or you can upload them to standard EPS slots when you relist the affected items.
You should also be able to use the brand new "Copy Web files" option on eBay's Picture uploader to transfer eBay Picture Manager photos embedded within your page to standard EPS photos that appear above or below your description. That way, you wouldn't need to locate the specific picture on your computer. When relisting, copy the URLs that are embedded in your description and paste them into the "Copy Web files" uploader; then remove the images from inside the description.
And yes, you will need to edit all of the listings with embedded photos to either delete the photos or change the image addresses to point to a new host. It appears the many of your 700 items have only one photo in the EPS position, so those should be easy, but I do sympathize with you on the remaining items with embedded photos that will need personal attention. I don't see a simple solution to those and can only recommend that you move the images to EPS or set up a hosting account now so that you can move the items in reasonably manageable chunks over the next few months.
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