Action Required: *eBay name*, please register for managed payments

[nodeal]

I have an individual MP account and they did flag my account for the names not matching on the bank account. The message I got said they could not verify my bank info, and I needed to correct any mistakes on my personal info to make sure it matches my bank info or send in a statement showing my info.

I got this message after around 30/4000 in sales after signing up with MP

[agent006140]

Paypal used to do the same,names must match EXACTLY,dont know why it abandoned it?

[phaz0rz]

Originally Posted by aspkin

Agreed, I didn't think that was possible.

Things are different now. They have to be using a different kind of bank verification than Paypal has ever used because the process of attaching your bank account is different. When you link your bank with eBay, they aren't sending you micro deposits or having you login to a 3rd party online banking site. However they're doing it, it happens in one step without any further intervention from the user and they're able to tell if the name on you bank matches the name you've provided ebay.

It's got to be similar (if not exactly the same) to the bank verification used by Coinbase. Coinbase doesn't tolerate any form of name mismatch when you link a bank. I tried to link my checking account to my wife's coinbase and they said "no" because the first name didn't match up (last name naturally did). There was no confirming micro deposits or logging into online banking - they just knew instantly that the names weren't matching up.

[Leader2dark]

Originally Posted by phaz0rz

Things are different now. They have to be using a different kind of bank verification than Paypal has ever used because the process of attaching your bank account is different. When you link your bank with eBay, they aren't sending you micro deposits or having you login to a 3rd party online banking site. However they're doing it, it happens in one step without any further intervention from the user and they're able to tell if the name on you bank matches the name you've provided ebay.

It's got to be similar (if not exactly the same) to the bank verification used by Coinbase. Coinbase doesn't tolerate any form of name mismatch when you link a bank. I tried to link my checking account to my wife's coinbase and they said "no" because the first name didn't match up (last name naturally did). There was no confirming micro deposits or logging into online banking - they just knew instantly that the names weren't matching up.

I really wonder how this is even possible? A database of every bank account number and names? Even small credit union accounts?

[phaz0rz]

Originally Posted by Leader2dark

I really wonder how this is even possible? A database of every bank account number and names? Even small credit union accounts?

Or an update to the ACH system to make it more compatible with modern payment methods.

Or Paypal has been ignoring the name shown on incoming ACH's for over a decade.

I don't know but I really don't think it would be very complicated.

[Leader2dark]

Originally Posted by phaz0rz

Or an update to the ACH system to make it more compatible with modern payment methods.

Or Paypal has been ignoring the name shown on incoming ACH's for over a decade.

I don't know but I really don't think it would be very complicated.

One more nail in the coffin for stealth I guess.

[phaz0rz]

Agreed. This is all getting very disheartening.

[donkeykong2012]

Originally Posted by nodeal

I have an individual MP account and they did flag my account for the names not matching on the bank account. The message I got said they could not verify my bank info, and I needed to correct any mistakes on my personal info to make sure it matches my bank info or send in a statement showing my info.

I got this message after around 30/4000 in sales after signing up with MP

Never give up....

[Leader2dark]

Originally Posted by donkeykong2012

Never give up....

Some people don't have big enough operations to justify the time and expense the new stealth procedures will require.

I think a lot of time and some money will be required. A lot of knowledge on legal stuff as well.

Of course, the other route is stealing info/buying info from the dark web. That will expose yourself to legal action and possible jail time.

[yellowprintdirect]

Originally Posted by Leader2dark

Some people don't have big enough operations to justify the time and expense the new stealth procedures will require.

I think a lot of time and some money will be required. A lot of knowledge on legal stuff as well.

Of course, the other route is stealing info/buying info from the dark web. That will expose yourself to legal action and possible jail time.

Def am in uk so not as bad but am still gonna now setup ltd companies for all my accounts along with new P.O. Box addresses to go with new business bank accounts for each. But still going to maintain stealth by keeping the original stealth info for each of my accounts. Only thing am gonna change on my eBay accounts is the business name. So that it matches to each of my ltd companies. Just gotta hope Ayden don’t share all the info with eBay so the stealth still is in operation. As all the new info your creating is for Ayden not eBay. Nothing exempt the business name & new P.O. Box addresses is changing for eBay account. Example the original stealth name is still in operation. So basically all info is still diff from account to account. But I’ll be a director for each of the ltd companies.

[nodeal]

Originally Posted by Leader2dark

Some people don't have big enough operations to justify the time and expense the new stealth procedures will require.

I think a lot of time and some money will be required. A lot of knowledge on legal stuff as well.

It has been a relatively straight-forward process. I have 3 accounts moved over onto MP and "Time and expense" have not really been a huge factor so far. My oldest MP account has only been converted for 4 weeks, so I am still learning as I go along as well.

The most time-consuming component of all this is trial and error, but as more people get the invites and tinker with the process, I think we will come to the conclusion that a lot of the discussion is only serving to over-complicate things.

I am fairly confident we will see a day where MP accounts are for sale.

[vigilantex69]

I was just hit that I had to sign up for managed payments by July 15th 2020?

[james_112233]

Originally Posted by nodeal

It has been a relatively straight-forward process. I have 3 accounts moved over onto MP and "Time and expense" have not really been a huge factor so far. My oldest MP account has only been converted for 4 weeks, so I am still learning as I go along as well.

The most time-consuming component of all this is trial and error, but as more people get the invites and tinker with the process, I think we will come to the conclusion that a lot of the discussion is only serving to over-complicate things.

I am fairly confident we will see a day where MP accounts are for sale.

We can only hope ...

[james_112233]

Originally Posted by yellowprintdirect

Def am in uk so not as bad but am still gonna now setup ltd companies for all my accounts along with new P.O. Box addresses to go with new business bank accounts for each. But still going to maintain stealth by keeping the original stealth info for each of my accounts. Only thing am gonna change on my eBay accounts is the business name. So that it matches to each of my ltd companies. Just gotta hope Ayden don’t share all the info with eBay so the stealth still is in operation. As all the new info your creating is for Ayden not eBay. Nothing exempt the business name & new P.O. Box addresses is changing for eBay account. Example the original stealth name is still in operation. So basically all info is still diff from account to account. But I’ll be a director for each of the ltd companies.

Is this feasible though ? having so many LTD companies is a very costly avenue to take.

We are already guaranteed MP account. But how do we convert our additional stealths without going LTD with a new address ?

[J1mmy]

This is the route Im taking. Just registered Ltd company and in the process of opening a business bank account in ltd company name. I have already rented a tiny business unit (more like a cupboard) in ltd company name and this is the address on my ebay account. Thing that worries me is that when I try to change the name on the ebay account it still shows the original stealth name!

[J1mmy]

My emergency back up plan for if everything goes tits up -
My closest and best friend of 30 yrs has never had an ebay account, she has perfect credit and is squeaky clean.
I will form a business partnership with her - ltd company, equal shares, business account etc, just the ebay account will be in her name only.
Obviously this isn't ideal and will cost me a % but its better than nothing.
Fortunately she completely trusts me and would leave everything to me.

[yellowprintdirect]

They still want all details of anyone who has 25% share in company on companies house. Uk that is.

[brassmonkey]

Originally Posted by J1mmy

This is the route Im taking. Just registered Ltd company and in the process of opening a business bank account in ltd company name. I have already rented a tiny business unit (more like a cupboard) in ltd company name and this is the address on my ebay account. Thing that worries me is that when I try to change the name on the ebay account it still shows the original stealth name!

What will you be using for the actual first and last name on the account, not the business name?

I understand the ebay business name will be the same as the business name of your new LTD but will you use your real first and last name?

Do the first and last name on the ebay account have to match with the director of the LTD?

[ebayStlealth300]

If it does become become mandatory then just do it. You will still get your money when you add your bank to it.

[J1mmy]

Originally Posted by brassmonkey

What will you be using for the actual first and last name on the account, not the business name?

I understand the ebay business name will be the same as the business name of your new LTD but will you use your real first and last name?

Do the first and last name on the ebay account have to match with the director of the LTD?

That's the million dollar question for me. I just don't know yet

[agent006140]

Originally Posted by stealthnorris

Are all eBay sellers being hit with this July 15 hard deadline, or is it mainly high volume sellers and business account holders?

Will it eventually be mandatory for all eBay users , even small volume sellers, to sign up for managed payments at some point?

July 15,ALL sellers on Ebay USA will be using MP

[james_112233]

Originally Posted by agent006140

July 15,ALL sellers on Ebay USA will be using MP

Not helpful to UK sellers at all though as it's always different here.