Re: MP (Managed Payments) ?? Quote:
Originally Posted by phaz0rz I think this is the worst possible time to be buying accounts.
If it were me I wouldn't be willing to drop any money on one until at least July when they're saying accounts will start to be mandated in. My gut feeling though is that all these stealth personal accounts with made up details will become dead in the water. Nobody has been able to stealth Etsy in the way it's done with eBay.. so I don't have any reason to think it will be different once eBay starts exclusively using the same payment processor as Etsy. | Agreed
While there is much we don't much about how Adyen MP is going to affect our current stealth accounts, we need to look at what we do know in order fo find solutions:
1. Signing up for MP will REQUIRE a you to enter a SSN that must match the information you enter. An identity check will be performed for all accounts (this is no different than any other payment processor or bank)
2. Your bank information MUST match your details entered letter for letter.
Waiting for sellers to provide accounts with MP attached (instead of PayPal) is futile. It will NEVER happen for the same reasons you can't purchase one today with an attached SSN and bank account. It's illegal and nobody is risking jail-time to sell a $200 account, and nobody ever will.
As for creating new accounts that use "close details" including nicknames, close addresses, etc...that will not work due to the two points I mentioned above. An identity check is just that, they're going to know exactly who you are before granting you a MP account.
All is not lost as we all know that Ebay has never had access to your SSN. Adyen will not share SSN information to Ebay either. This is the focal point we need to address going forward. Managed payments should allow for multiple accounts, so we'll be able to still have the ability for several (using LLC'S and S-Corps, etc) but will they all be linked? I suspect that will be the biggest obstacle going forward.
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