Re: Adyen how now asked for a bank statement
I've been reading various posts on the topic of setting up setting up Adyen's Managed Payments. The OP of this thread, Lucynda has already gone through the process.
So far I haven't seen anything other than a request for a bank statement or maybe ID. It's still too early to see how they will handle accounts with higher volume, high risk sales, or disputes/cases/chargebacks.
There are some traditional merchant processors out there (such as Stripe) or a real credit card processor (merchant bank) that will terminate the account with even one complaint. Some processors are more lenient than others. We all know how PayPal rolls, and what they do. I'm hoping to read more positive results here as more sellers start using Adyen more.
eBay's main reason for switching to Managed Payment and transitioning away from PayPal has a lot to do with control over the payments flow, something that Amazon has long been doing. It's not just about saving money, but also having control and oversight over every aspect of the buyer experience.
I see this as positive simply because sellers only need to deal with eBay for everything, even when it comes to buyer problems, disputes, refunds, etc. Right now if PayPal wants to shut your eBay business down, they can. So many sellers had their PayPal's limited/suspended, and now they might have a second chance at reviving those old eBay's they couldn't use before, at least safely.
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