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Setting up Adyen on stealth, experiences?
 

I called up Adyen and the guy on the phone said I wouldn't have to submit a photo ID for each account because everything is integrated into eBay. I'm integrating because Paypal limited my account on this eBay account this morning and the account is still good and I don't want to lose it. As far as I can tell the only thing I will have to change is my checking accounts. They have my name on them and I will need to have accounts open in my LLC information. I'm wondering if DBA accounts will work? Any help would be nice.

Re: Setting up Adyen on stealth, experiences?
 

I think at this point you need an invite in order to start using Adyen with your ebay account. Theyre still in their Beta phase.

Re: Setting up Adyen on stealth, experiences?
 

I had the invite. I'm just concerned on how to set it up. If I lose the account it won't matter because I can't use it with a limited PayPal anyway. I'm wondering if they can see the name on my bank account or if they can't because I know paypal can't. When I called I was told they won't ask for a photo Id and if they do they let you block out the identification numbers.
Any information would be helpful.

Re: Setting up Adyen on stealth, experiences?
 

Here is where I am at. https://ibb.co/nknJgcd

I have put stealth info in where it's requesting personal info with the ⊗⊗⊗⊗ last 4 of the stealth social plus my legit LLC and EIN information. it asks for checking account information next and says to make sure the name on the checking account is the same as the business name. Mine are not. They are set up with my personal information but it wouldn't be hard to go down to the bank and set up an account under my LLC. its just to do that I have to pay to have copies of my LLC paperwork sent to via fax to my office supply store which costs me 50 dollars. I would hate to have to do that and have it not work. In the meantime, I have 80 orders sitting in my eBay account waiting to be shipped and I'm wondering if I should cancel them since I don't have access to the money from their sales anymore or should I just cancel them while I get this figured out?

Re: Setting up Adyen on stealth, experiences?
 

Well, I'm not sure, but I think your eBay account would be toast after cancelling 80 orders.

Re: Setting up Adyen on stealth, experiences?
 

I can only assume they will be doing a verifcation to your bank; it's the typical ACH push & pull to your checking/savings.

The verifcation involves two steps:
1) Pushing one or two small deposits to the account.
2) Pulling them back out.

It's the second step that involes an ACH DEBIT, and it always shows the name on the bank account to the receiver (in this case Adyen).

PayPal also has this capability to see the bank account name after verifying, but they probably let it slide for most people (stealthers)

It remains to be seen if they (Adyen) has the same tolerance for account name mismatches as PayPal does.

Re: Setting up Adyen on stealth, experiences?
 

Why don't you ship the orders? You've been paid, right? Do your job.

Bad move to wait. EB will be shutting you down soon if you don't.

Re: Setting up Adyen on stealth, experiences?
 

you should def ship them out. people are waiting. how would you feel if you were the buyer?

Re: Setting up Adyen on stealth, experiences?
 

So to keep Adyen from seeing my name should I do a DBA account or try to get a business account with only my business name on it, if there is such a thing.

Re: Setting up Adyen on stealth, experiences?
 

id let those customers know there is a delay with there orders before you start getting negs.

Re: Setting up Adyen on stealth, experiences?
 

Sounds like you need to open a business checking account for your LLC.

Don't be fooled. Paypal, Adyen, and any other company that links to your bank account can see the name on your bank account. I learned this through Coinbase (they don't tolerate name mismatches even if it's off by one letter). Paypal has been letting us get away with name mismatches and that's probably part of the reason they are being phased out of eBay (way too much anonymity for sellers).

Chances are the name on your bank will need to match your eBay account with Adyen (just an educated guess) so you might as well spend a half an hour now opening the type of bank account you know will work. Who knows what would happen to your eBay account if you unsuccessfully try to add a bank account.

You didn't keep your LLC paperwork when you created your LLC?

Re: Setting up Adyen on stealth, experiences?
 

If you open a standard LLC checking account the name on it would be your LLC name and not your personal name.

Re: Setting up Adyen on stealth, experiences?
 

Hmm... I wonder if it's beneficial to get into Adyen now instead of waiting for when they force you to it...

What do you guys think?

Re: Setting up Adyen on stealth, experiences?
 

I think it would be a bad idea to accept the Adyen invite before Paypal is integrated into Adyen, because your sales would plummet. At this point it's the same as using a merchant account which I've been doing for a while, and it's terrible.

But if you can handle the sales drop and shift those sales to another account still accepting PP, it would be cool to see how the application process works.

Re: Setting up Adyen on stealth, experiences?
 

I did, but I had a family member staying with me at the time who was struggling with mental illness. One of her coping mechanisms was cleaning house and we think she may have thrown them away.

Re: Setting up Adyen on stealth, experiences?
 

I'm not going to be able to use PayPal on this store anymore so the only thing I'm risking is the 50 dollars for my LLC paperwork if setting up Adyen doesn't work. I already planned on shifting the sales to other stores and was just hoping to keep the income coming in from this one since those stores are new and there's that 21-day holding period and having to pay shipping out of pocket for those items during that 21 day period (I hate paypal). The busy season for these products is also Jan-June so there's a time crunch here to take advantage of that and the losses to consider there as well. But I think you are right. I think finding out if it would work or not is worth the risk. I almost feel like I owe risking this 50 bucks to the stealth community just because it's been such a huge help and the information would be helpful. I just have a hard time making decisions.

They just had to do this during my busy season, ugh, I had plans for that income I was going to buy my first rental property.

Re: Setting up Adyen on stealth, experiences?
 

Ok, everyone, I plan on keeping you guys updated as I feel this is important for everyone here. I ordered the copies of my LLC paperwork which turn ed out to only cost $3.50. The state website says different but I'm not going to argue. They will be faxed to my office supply store tomorrow or Monday so I won't be able to open the business account until then. In the meantime, I will go ahead and ship the 80 waiting orders.

Re: Setting up Adyen on stealth, experiences?
 

Ayden is not at all new. People have been forced to use it on etsy for a long while now. Super duper easy.

Re: Setting up Adyen on stealth, experiences?
 

Can you elaborate on Super Duper easy?

Re: Setting up Adyen on stealth, experiences?
 

What's Super Duper Easy?

I think like any typical merchant processor that takes credit cards, you have to sign up using your real identity. If so, this effectively eliminates being able to use a stealth account unless you go the Corp or LLC route.

Re: Setting up Adyen on stealth, experiences?
 

What's wrong with going to corp or LLC route? I have 3 LLC's.

Re: Setting up Adyen on stealth, experiences?
 

so when are they officially forcing us all to switch to ayden?

Re: Setting up Adyen on stealth, experiences?
 

When I got my merchant account, which belongs to one of my LLC's, they checked my personal credit during the application process. You can't legally stealth a personal credit report.. so that's why people are concerned.

IDK if it's going to be so in depth but it could be. :noidea:

Re: Setting up Adyen on stealth, experiences?
 

What does the pay schedulement look like?

Re: Setting up Adyen on stealth, experiences?
 

we have 4 years to figure things out.

Re: Setting up Adyen on stealth, experiences?
 

It doesn't appear Adyen is going to be stealth-friendly.

It doesn't seem to be possible to open stealth accounts on ETY any more since Adyen took over.

I'm guessing it's going to be equally hard on EB.

Re: Setting up Adyen on stealth, experiences?
 

I doubt that. The purpose of an LLC is to separate you from your business and its recommended that you set up business accounts to go with your LLC and those have only your business name on them. I went to the Adyen website and checked that out and they actually do require a copy of a photo ID but they tell you that you can block out any identifying numbers when you send it in so I don't imagine it would be difficult to use a ⊗⊗⊗⊗ ID if they indeed ask for one. I read somewhere that someone said it would have to be set up like Stealth Amazon accounts. I haven't read that book yet so I don't know how difficult that will be or how it works, but I do see a person selling stealth Amazon accounts on here.

Re: Setting up Adyen on stealth, experiences?
 

I set up a Stripe account with real information last week and I was sorting through orders trying to figure out how to process them because in Stripe you only see the totals and not what they ordered. Then I suddenly realized "Oh yeah, they do that because it's none of their damn business what people are ordering from you, lol.

Re: Setting up Adyen on stealth, experiences?
 

I can tell you when reviewing the information they were asking me for they asked for the main "something" on the account and that was set up just like PayPal with a person name and the last 4 of the social.

Re: Setting up Adyen on stealth, experiences?
 

How much does it cost annually for a LLC? I have a DBA checking account right now. I remember setting up a LLC years ago and the only cost was the application/paperwork fee but i ended up doing no business with it and the state ended up closing it when i didnt file taxes that year for it.

Re: Setting up Adyen on stealth, experiences?
 

One thing people arn't talking about with Adyen is the payment holding when an account is suspended/limited.

Right now, at least with USA PayPal they can hold your payments for 180 days once they limit or part ways with you.

Adyen, like any managed payments I would be more in line with how Amazon works. If you guys take a look at the Amazon threads, you will see many situtations where Amazon holds sellers funds forever, or indefinitely.

I'm wondering if that will also be the case when (and if) we are forced to use eBay's Managed Payments?

Re: Setting up Adyen on stealth, experiences?
 

it varies by state. In Arkansas, it's 50 dollars.

Re: Setting up Adyen on stealth, experiences?
 

That's a risk you take. You should be making daily deposits though/

Re: Setting up Adyen on stealth, experiences?
 

Payments can be pushed daily, though. So you'll never have a sh*tload in there for them to keep.

Re: Setting up Adyen on stealth, experiences?
 

What? Tell that to Gladiator lol

Re: Setting up Adyen on stealth, experiences?
 

Oh, it's every bit their business... what you're selling! They'll suspend your a55 in a heartbeat if you sell things not approved by them.

Re: Setting up Adyen on stealth, experiences?
 

I can confirm, Stripe really, really cares about what you sell. :nono:

Re: Setting up Adyen on stealth, experiences?
 

I have Stripe, too. My biggest complaint with them is their "we don't give a phuck about your chargeback" policy.

Re: Setting up Adyen on stealth, experiences?
 

Maybe never.....Maybe 2023.

Re: Setting up Adyen on stealth, experiences?
 

Super Duper Easy. Easier than Paypal for sure.