eBay moving quickly to managed payment system

[Leader2dark]

I was just invited to eBay payments. It looks like the timeline may be a lot quicker than we had thought. Sounds like people are going to be required to switch very soon, no 2023 or whatever.

"All eBay sellers will progressively be required to transition to managed payments in the coming months."

https://i.imgur.com/Cay3Vtr.png

[vigilantex69]

What does managed payments mean for stealth accounts??

[james13v]

Yeah, no. They've been inviting people for awhile. Nothing about that hints at them switching very soon instead of 2023.

[ebaystealth1974]

Originally Posted by vigilantex69

What does managed payments mean for stealth accounts??

Death...

.................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................

[ebaystealth1974]

Originally Posted by Leader2dark

I was just invited to eBay payments. It looks like the timeline may be a lot quicker than we had thought. Sounds like people are going to be required to switch very soon, no 2023 or whatever.

"All eBay sellers will progressively be required to transition to managed payments in the coming months."

https://i.imgur.com/Cay3Vtr.png

Correct. In the coming MONTHS. Could be 41 months. Could be 57. Could be 18.

Doubt it's anytime soon...

[drebintech38]

My question is can the bank account you add to managed payments be in a different name than the ebay account holders name?

[nickopedia]

Originally Posted by drebintech38

My question is can the bank account you add to managed payments be in a different name than the ebay account holders name?

Not sure, but people where that HAVE signed up with Managed Payments already mentioned the name on the bank and eBay must be the same.

[drebintech38]

Originally Posted by nickopedia

Not sure, but people where that HAVE signed up with Managed Payments already mentioned the name on the bank and eBay must be the same.

What about the address on the bank account. Does that have to match, or does that not matter or get seen?

[leighanns520]

Originally Posted by drebintech38

My question is can the bank account you add to managed payments be in a different name than the ebay account holders name?

Yes they have to match.

[leighanns520]

Originally Posted by drebintech38

What about the address on the bank account. Does that have to match, or does that not matter or get seen?

Think just correct bank info such as correct routing and account numbers and name same for bank and eBay.
My address matched anyway. So honestly don't know how that is handled if they are not the same

[leighanns520]

Originally Posted by drebintech38

My question is can the bank account you add to managed payments be in a different name than the ebay account holders name?

There is a special forum on eBay for the sellers that have joined managed payments.
I read tonight on the forum that eBay ( managed payments) does not have access to information such as names matching.
However another seller stated there bank and eBay did not match and she has to fix that. Till then her payments will be held.
When I signed up it stated names must match. Actually on the page where I gave my info such as bank and social. The name was already printed there and can not be changed. However you would have to go to your eBay account profile and change name there that matches bank or go to bank and change that to match eBay, then go back to joining managed payments
I have also read that sellers are receiving update bank account in different tiers of money made from sells. Someone said at 4 thousand in sales and 10 thousand in sales. Not sure how accurate as some people have had more that that and still haven't had to update any info previously given.
Still learning

[HurricaneHuntr]

Originally Posted by leighanns520

There is a special forum on eBay for the sellers that have joined managed payments.

I read tonight on the forum that eBay ( managed payments) does not have access to information such as names matching.

However another seller stated there bank and eBay did not match and she has to fix that. Till then her payments will be held.

When I signed up it stated names must match. Actually on the page where I gave my info such as bank and social. The name was already printed there and can not be changed. However you would have to go to your eBay account profile and change name there that matches bank or go to bank and change that to match eBay, then go back to joining managed payments

I have also read that sellers are receiving update bank account in different tiers of money made from sells. Someone said at 4 thousand in sales and 10 thousand in sales. Not sure how accurate as some people have had more that that and still haven't had to update any info previously given.

Still learning

Ebay doesn't have a way to see the name on a bank. Neither does PayPal. These people are being triggered by something else.

I have one account on managed pay and I can tell you the ebay account is not the name on the bank. And I receive daily deposits.

[drebintech38]

Originally Posted by Moscutter

Ebay doesn't have a way to see the name on a bank. Neither does PayPal. These people are being triggered by something else.

I have one account on managed pay and I can tell you the ebay account is not the name on the bank. And I receive daily deposits.

So if my bank name doesn't match Ebay name, can you even change the name on a bank account since you had to use a SSN to aquire it in the first place?

[ebayStlealth300]

There will always be a way around it, I will figure it out when they force it.

[HurricaneHuntr]

Originally Posted by drebintech38

So if my bank name doesn't match Ebay name, can you even change the name on a bank account since you had to use a SSN to aquire it in the first place?

No. the bank won't let you do that. It doesn't matter , unless it's something new i've never heard of.. And eBay isn't exactly cutting edge. That being said, if they request a canceled check or a statement, there is ways around that even if you're legit. Like on my one managed account, if they asked for a statement from the bank, i could provide that. A little creativity to make it match what's on ebay and you'd be good. Ebay wouldn't request verification statement or canceled check.... if they could just see it themselves, Now would they? Think about it.

[drebintech38]

Originally Posted by Moscutter

No. the bank won't let you do that. It doesn't matter , unless it's something new i've never heard of.. And eBay isn't exactly cutting edge. That being said, if they request a canceled check or a statement, there is ways around that even if you're legit. Like on my one managed account, if they asked for a statement from the bank, i could provide that. A little creativity to make it match what's on ebay and you'd be good. Ebay wouldn't request verification statement or canceled check.... if they could just see it themselves, Now would they? Think about it.

Ya account is legit. Would like to keep using current bank, but dont know any workarounds and dont want to lose my 6 yr acct. I was thinking of using like Ally or Simple for a new bank account

[glacier922]

This is so weird. I've been creating accounts off the hook lately and never once been offered managed payments

[vigilantex69]

Originally Posted by glacier922

This is so weird. I've been creating accounts off the hook lately and never once been offered managed payments

From what I have seen it’s offered to high sales accounts. I have one account that I use and Celotta on, the other only saw a few items a month.

The higher sales account has already been emailed about the managed payments, where the other one is still getting promotional offers and stuff to push me to sell more on that account like cutting eBay final value fees and such.

[james13v]

Originally Posted by drebintech38

So if my bank name doesn't match Ebay name, can you even change the name on a bank account since you had to use a SSN to aquire it in the first place?

Well. Just gotta get a corp, and EIN and a business checking account with the business name. If you're selling enough, it's worth the hassle.

[Leader2dark]

There is a lot of fear about managed payments. I don't blame people, I'm sure more than a few folks on here depend on eBay sales for their entire income.

I have basically resigned myself that the end is coming. I really don't think they are going to leave open loopholes with their new system. They have lost too much on scams, frauds, and people simply not paying eBay fees on stealth accounts.

Finally, they want to be more like Amazon. Just look at how stealth works on Amazon to understand the future of eBay Stealth.

[Imohsofly718]

Originally Posted by Leader2dark

There is a lot of fear about managed payments. I don't blame people, I'm sure more than a few folks on here depend on eBay sales for their entire income.

I have basically resigned myself that the end is coming. I really don't think they are going to leave open loopholes with their new system. They have lost too much on scams, frauds, and people simply not paying eBay fees on stealth accounts.

Finally, they want to be more like Amazon. Just look at how stealth works on Amazon to understand the future of eBay Stealth.

so its either add SSN,EIN AND A REAL BANK ACCOUNT OR YOUR DOOMED...??

[robjobs]

Originally Posted by Imohsofly718

so its either add SSN,EIN AND A REAL BANK ACCOUNT OR YOUR DOOMED...??

YUP that's correcto