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Originally Posted by Gladiator (Post 898722)

Christ sakes.....

They have a European License to do faster settlements, which can be as short as an hour in places like the UK.

They DO NOT have a US Banking License, ARE NOT a money transmitter (they actually run everything through JP MORGAN CHASE) and THEY DO NOT see the name on the bank account.

I have been doing Adyen stealth for TWO YEARS and have helped people on Etsy all over the WORLD to get around Adyen and not a damn thing that's being cried wolf over has ever come to pass.

Originally Posted by jporter396 (Post 898395)

I'm very optimistic towards this. As the only risk and threat to my business is a PayPal getting limited for selling too much, maybe I logged in too fast, or looked at the PayPal logo the wrong way and boom funds held for half a year and I need to move on from both accounts. Hopefully now that threat would be gone if eBay goes the Amazon route and processes payments internally. Now eBay could do whatever the he'll they want with us just like PayPal can, but ill take my chances that eBay can't be much worse than paypal

Originally Posted by Gladiator (Post 898471)

Yep. That’s how it works.

Originally Posted by Moscutter (Post 898781)

So how does the 200/20k play into that?

Originally Posted by slokor (Post 898784)

Noone knows yet.
We are all eagerly waiting to find out.
I myself am thinking itll just be handled inhouse by ebay instead of paypal. Question is at what point will they be asking for that info...

Originally Posted by jackdanielsbtch (Post 898721)

Lot of speculation here, and everyone is thinking inside the box.

Paypal is not a bank. So when you add bank details, paypal can not see the name of the bank holder.

Adyen is a bank. https://www.adyen.com/blog/adyens-banking-license
One bank can see the banking details of another bank.

Originally Posted by spindoctor (Post 898982)

Incorrect. Adyen are not a bank, they only have a license for processing faster payments, not a full license to act as a bank.

They only have a pan European banking license.

Big difference there...

Originally Posted by spindoctor (Post 898978)

Everyone’s fretting too much. Stealth will never die. There IS ALWAYS A WAY A ROUND THINGS!

Just need to adapt.

What’s the point in worrying, ebay loves stealth accounts, there’s probably 75% of ebay accounts that are stealth accounts. It’s just a cat and mouse game, move with the times and you just need to evolve.

F*** em all.... anything can be gotten around. Just takes a bit of thinking and patience.

Originally Posted by jackdanielsbtch (Post 898721)

Lot of speculation here, and everyone is thinking inside the box.



Paypal is not a bank. So when you add bank details, paypal can not see the name of the bank holder.



Adyen is a bank. https://www.adyen.com/blog/adyens-banking-license

One bank can see the banking details of another bank.



It's like if you have Electile Dysfunction. Someone walking down the street next to you (paypal) doesn't know if you have Electile Dysfunction or not.

Adyen is a bank, it's like another doctor at the same doctor's office, they can pull out your charts and see you have Electile Dysfunction.





So Adyen may not necessary ask you directly for a SSN. They will be able to see if the bank is a legit bank or a VBA. And if it's a legit bank they will be able to see the name and assume since it's a legit bank the bank itself has already asked you for the SSN. And they will put your name in data base and make you verify personal information "what is your mother's name" "what is the name of your high school" etc.



Difference is paypal just assumes your name on bank is the same as paypal, they have no way to verify. Adyen may not verify directly, but they can see the name on the bank etc.

Originally Posted by kirkland (Post 899016)

https://www.cnbc.com/2018/02/01/payp...ebay-deal.html

I just think its crazy that only 13% of Paypal's business comes from eBay. I woulda sworn it was a lot more.

Originally Posted by kirkland (Post 899016)

https://www.cnbc.com/2018/02/01/payp...ebay-deal.html

I just think its crazy that only 13% of Paypal's business comes from eBay. I woulda sworn it was a lot more.

Originally Posted by Gladiator (Post 898985)

I tried to tell them that.

Adyen stealth isn’t hard. Unless eBay gets some new dramatic system it’s going to be like other platforms using it and it’s not hard to get around. People just have to wait 3-4 months until it goes live.

Originally Posted by Gladiator (Post 898696)

Adyen will process the PayPal payments. That's how Etsy Payments works.

That said, several countries will not get eBay Payments and will still have stand alone PayPal due to licensing.

Originally Posted by aspkin (Post 898355)

Additionally, eBay and PayPal have aligned on terms to offer PayPal as a way to pay at checkout on the eBay intermediated model until July 2023. PayPal will remain an important partner to eBay.

Originally Posted by glacier922 (Post 899068)

Do you mean that if you have a paypal account, and the customer pays, the customer pays through Adyen, but the money will be put in your paypal account? Is that how it works?

Originally Posted by slokor (Post 899150)

Hope its option 2.
If its option 1 then it pretty much eliminates US stealth for anyone without the ability to get themselves a US based bank account - which is almost everyone outside the US...

Originally Posted by supplies (Post 899155)

Paypal is probably the biggest target on the internet when it comes to scammers.

Nobody knows this better than ebay since they own paypal.

You can expect fort knocks type of security once this new company takes over!!

Things will never be the same. This is 100% BAD for stealth, likely the end.