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| jporter396 | 07-16-2018 11:24 PM |
adyen payments will require social security number
https://youtube.com/watch?v=XgCZwEA4-zE
around the 5 minute mark
will be interesting to see if there is a way around this for business accounts created or not. not looking good. once the rollout comes in september it will really tell just how this effects stealth. |
| MCSeller | 07-16-2018 11:40 PM |
Re: adyen payments will require social security number
I got the message too for the beta test in September and it reads :
After you enter a few personal details like preferred bank account for payouts and your social security number to verify your identity, we’ll manage the rest. We will automatically update your existing account and listings and transfer your existing listings to the new payments model.
Seems like I remember doing a last 4 digits thing on Etsy with this same payment processor. I get the 200/20k need for a EIN, however this reads “Identity Verification”. Very scary. Hopefully there’s a work around. |
| ayassin3 | 07-17-2018 12:06 AM |
Re: adyen payments will require social security number
I am actually very excited for this. My Paypal account is suspended but my eBay is fine. I didn’t receive the invitation however �� |
| slokor | 07-17-2018 12:19 AM |
Re: adyen payments will require social security number
Yeah well these forums are about STEALTH accounts so Im fairly certain the majority here will not share your happiness if it does come down to adding an SSN to each and every account - unless some workaround can be found. |
| jporter396 | 07-17-2018 12:23 AM |
Re: adyen payments will require social security number
I find it hard to believe small sellers will want to give their social security number just to sell their stuff around the house. And new businesses opening accounts would have trouble with tying ssn to one person. Hopefully they go the way of Amazon and do Id check if there system detects any potential fraud and a tax information request after a threshold. Only time will tell. At least paypal will be working for the next couple years while we adapt to new changes. Bol |
| vettefever17 | 07-17-2018 03:32 AM |
Re: adyen payments will require social security number
Makes me wonder if they will transition accounts with no verification. If they require verification, imagine all of the accounts that are business related and run EIN. I just dont get why eBay would every leave out the EIN option. A ton of their sellers that make them the most money are running off of business/llc EIN requirements. |
| donkeykong2012 | 07-17-2018 03:56 AM |
Re: adyen payments will require social security number
IMO like everything else EBay dream up they have not thought this through.
The success of Adyen with EBay depends on Sellers complying with testing. And that is just for starters. You also have to convince Buyers to change their habits as well.
Adyen is up against Paypal as the tried and tested solution for payments for years.
Convincing buyers and sellers that Adyen is the way forward is one mammoth task, given all the glitches EBay experience.
I pity you guys in the USA who are the inevitable Guinea Pigs. This is going to go anything but smoothly. |
| tim348 | 07-19-2018 08:31 AM |
Re: adyen payments will require social security number
agreed it will not go smoothly. it will fail like everything else ebay does. |
| Leader2dark | 07-19-2018 09:42 AM |
Re: adyen payments will require social security number
When do we have to start dealing with this crap. Can we continue to use paypal for many years or not? |
| yankee | 07-19-2018 10:21 AM |
Re: adyen payments will require social security number
Quote:
Originally Posted by slokor
(Post 931178)
Yeah well these forums are about STEALTH accounts so Im fairly certain the majority here will not share your happiness if it does come down to adding an SSN to each and every account - unless some workaround can be found.
| Gladiator says it is much easier than using Ayden compared to paypal on etsy but I am not familiar with the details. 7 day holds for short time etc... Sounds much better for major sellers. We can just use EIN etc.. |
| slokor | 07-19-2018 10:31 AM |
Re: adyen payments will require social security number
Time will tell.
Right now the way they word it doesn't sound very convenient. Makes it sound like if you do not have an SSN and a US based bank account then ebay is pretty much closed off to you.
At the very least this means that US stealth accounts will be blocked off to non US users since the payments received in this new system go directly to the attached bank account - and most non US users cannot get a US based bank account (even if a workaround can be figured out for the SSN request). |
| BiN4RY | 07-19-2018 10:56 AM |
Re: adyen payments will require social security number
Quote:
Originally Posted by tim348
(Post 931723)
agreed it will not go smoothly. it will fail like everything else ebay does.
| Interesting how you think "eBay fails everything" and somehow they're still pulling in almost $10Bn in revenue every year. Hmmm... 🤔
Also on an unrelated note, all of you guys are not understanding the new Adyen-eBay relationship. From what I've read, Adyen is only replacing Paypal as eBay's credit card processor (ie, when you check out using credit card numbers directly). Buyers do NOT need to sign up for an Adyen account (and they're not able to anyways, because Adyen is a straight up credit card processor).
Paypal will still remain as a payment option along side of it. So Adyen is only targeting high revenue sellers while casual sellers can still get away with using Paypal only. |
Re: adyen payments will require social security number
Quote:
Originally Posted by BiN4RY
(Post 931732)
Interesting how you think "eBay fails everything" and somehow they're still pulling in almost $10Bn in revenue every year. Hmmm... 🤔
Also on an unrelated note, all of you guys are not understanding the new Adyen-eBay relationship. From what I've read, Adyen is only replacing Paypal as eBay's credit card processor (ie, when you check out using credit card numbers directly). Buyers do NOT need to sign up for an Adyen account (and they're not able to anyways, because Adyen is a straight up credit card processor).
Paypal will still remain as a payment option along side of it. So Adyen is only targeting high revenue sellers while casual sellers can still get away with using Paypal only.
| I was just about to say the last bit. PayPal isn't going anywhere. It will still be around for a while.
Now whether or not it will be phased out in due course, that's another matter. But for the time being, I see no reason to get worried. |
| yankee | 07-19-2018 02:51 PM |
Re: adyen payments will require social security number
I believe paypal will still be the primary payment processor until 2023 no matter what. |
| glacier922 | 07-19-2018 03:58 PM |
Re: adyen payments will require social security number
I've received payments from customers using the credit card number directly on eBay and it went directly to my paypal account without them using a paypal account. I would think it would work the same way later on, ayden, paypal, it doesn't matter. |
| slokor | 07-19-2018 06:16 PM |
Re: adyen payments will require social security number
Quote:
Originally Posted by BiN4RY
(Post 931732)
Interesting how you think "eBay fails everything" and somehow they're still pulling in almost $10Bn in revenue every year. Hmmm... ��
Also on an unrelated note, all of you guys are not understanding the new Adyen-eBay relationship. From what I've read, Adyen is only replacing Paypal as eBay's credit card processor (ie, when you check out using credit card numbers directly). Buyers do NOT need to sign up for an Adyen account (and they're not able to anyways, because Adyen is a straight up credit card processor).
Paypal will still remain as a payment option along side of it. So Adyen is only targeting high revenue sellers while casual sellers can still get away with using Paypal only.
| I certainly hope so. Would make a lot of sense.
if its any other way they'll be shooting themselves in the foot. |
| Gladiator | 07-19-2018 07:23 PM |
Re: adyen payments will require social security number
It’s exactly like Etsy.
The only thing this does is force you to make shops in areas where they won’t have Adyen or you are forced to use creative measures on bypassing the ssn issue.
Every account that sells over $7-10,000 will need an ein as Adyen does requests earlier.
This is just like Etsy. |
| slokor | 07-19-2018 07:52 PM |
Re: adyen payments will require social security number
Again - if they require the addition of a US based bank account as a condition to use this payment method it means that non US users will not have access to US based ebay accounts.
I hope paypal remains as a payment method for long term. |
| Gladiator | 07-19-2018 09:58 PM |
Re: adyen payments will require social security number
Quote:
Originally Posted by slokor
(Post 931819)
Again - if they require the addition of a US based bank account as a condition to use this payment method it means that non US users will not have access to US based ebay accounts.
I hope paypal remains as a payment method for long term.
| As I've stated before, I don't care. Competitors have no business taking money from legit US Sellers by lying about their location and taking sales from people here. Make a shop where you're located.
Just like Etsy, PayPal will be gone for the "big" countries in the next 3 years. It'll be mandatory in the US in under 2. |
| yankee | 07-19-2018 10:05 PM |
Re: adyen payments will require social security number
The less non us sellers in the USA the better. |
| slokor | 07-19-2018 11:19 PM |
Re: adyen payments will require social security number
Alrighty then.
Guess on some things we will have to agree to disagree. |
| glacier922 | 07-20-2018 04:18 AM |
Re: adyen payments will require social security number
I just hope that they continue to use paypal. It's just so convenient at this point. |
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