Forced roll-out of eBay managed payments is beginning

Leader2dark · #1 09-12-2019

https://old.reddit.com/r/Ebay/commen...aged_payments/

See the thread, looks like its happening.

To list items after October 22, 2019, you are required to register for managed payments eBay As a follow up to our previous email on August 22, 2019, your account is required to participate in managed payments. This is a reminder to sign up at ebay.com/paymentsregistration before October 22, 2019 so that you can continue to create new listings and avoid any interruption to your business. Based on our review of your account, the features and tools you use on eBay are fully compatible with this payments experience.

I wonder are new accounts still even given the option of PayPal? Anyone make any accounts lately?

nodeal · #2 09-12-2019

Yes I have had new accounts being made the past 2 weeks and PayPal is still the option given. It is very annoying though. Requiring immediate payment on a new account is causing issues where the email used for PP is coming up as invalid. It is almost like they want us to want to ditch PayPal

leenie · #3 09-12-2019

I thought this was ⊗⊗⊗⊗ email from ebay as it is written as one rambling long paragraph. Very worried that I have to do this now. I thought I had a couple of years.

slokor · #4 09-12-2019

Opened accoutns yesterday - havnt seen anything about the Managed Payments platform.
Wondering if only established sellers are going to be asked at first.
Time will tell.

byte · #5 09-12-2019

Is it only happening for US accounts?

slokor · #6 09-12-2019

Opened that link and read it.
At the moment it seems theyre only forcing the big time sellers to join it - as I suspected.

agent006140 · #7 09-12-2019

According to Ebay rep,when EBay spun off Paypal,there is a clause which limited Ebay to transfer Ebay accounts out of Paypal,it has to be a gradual process,thats one reason why some of us have not been asked,but eventually we will all be using MP,not Paypal.
But grapevines also said Paypal is working on giving each Paypal acount its own routing and bank account,so we will be able to have our MP payments deposited in our Paypal account.
is it doable,we dont know yet?

agent006140 · #8 09-12-2019

https://community.ebay.com/t5/Sellin...25150#M1480907

donkeykong2012 · #9 09-12-2019

Quote:

Originally Posted by agent006140

But grapevines also said Paypal is working on giving each Paypal acount its own routing and bank account,so we will be able to have our MP payments deposited in our Paypal account.
is it doable,we dont know yet?

That would be epic. I would not be at all surprised at Paypal attempting to do this.

slokor · #10 09-12-2019

That would mean they'll need a banking license wouldn't it? and THAT would mean they cant just limit accounts the way they do now. Don't know if they'll agree to giving up the virtually unlimited power they currently have over their customers' accounts/money.

donkeykong2012 · #11 09-12-2019

Quote:

Originally Posted by slokor

That would mean they'll need a banking license wouldn't it? and THAT would mean they cant just limit accounts the way they do now. Don't know if they'll agree to giving up the virtually unlimited power they currently have over their customers' accounts/money.

My first thought was Paypal are thinking outside of the box. In other words they are trying to find a way of channeling funds back to them without going down the license route. But who knows?

kinsey · #12 09-12-2019

Many of my listings have just become enrolled in GSP!

digirally · #13 09-12-2019

I've been off eBay for a while and just came back... read a couple threads so far about this... is this new payment system going to ask for SSN and ID?

leighanns520 · #14 09-12-2019

Quote:

Originally Posted by digirally

I've been off eBay for a while and just came back... read a couple threads so far about this... is this new payment system going to ask for SSN and ID?

I had to provide my entire social security number. Only documents I have been notified to upload as of now is my bank statement. I have not had to provide any Id
My info is all my legal info and I guess since the social matched up to my name on eBay is enough for them to not request id.
I did meet the threshold for update bank jnfo this week. Had to upload bank statement
Also next threshold is 10000. Who knows what they may ask for then.
Has any managed payments sellers reached the 2nd threshold. If so. What did they request.
My first and many other managed payment sellers met first threshold at 4000.

spitfire1 · #15 09-12-2019

I got the same email and a follow email from ebay saying it was a mistake.

agent006140 · #16 09-12-2019

Quote:

Originally Posted by donkeykong2012

My first thought was Paypal are thinking outside of the box. In other words they are trying to find a way of channeling funds back to them without going down the license route. But who knows?

Paypal offers a debit card which cost $4.95 a month and you can add money to it and linked to your Paypal account,moving money back and forth and it will also accept goverment deposits .
It is with Bankcorp Bank where Paypal just open one account and keep those who have this debit card as subaccounts ,itis FDIC insured.

Then you can also move some of that money to a savings account with the same bank.
So it could be possible Paypal will do something similar with Ebay MP.
There are some Ebay sellers who either do not have a bank account or do not want their sales proceeds to be deposited into their bank account,they want to keep it in their Paypal account .

ebayStlealth300 · #17 09-12-2019

Yes full rollout for managed payments will be out for all sellers, old and new soon. Bye Paypal!!! Adios amigos!!!

yankee · #18 09-12-2019

Quote:

Originally Posted by donkeykong2012

That would be epic. I would not be at all surprised at Paypal attempting to do this.

Why would that be epic?

Why would you want to add another mess to a nearly perfect system of having your funds deposited daily into a checking account?

cafonabob · #19 09-12-2019

I am an extremely active buyer on eBay (20+ items per day) and there is a different checkout for sellers with managed payments. I see only some very established sellers have managed payments. Most 90%+ it is normal checkout process.

haiauphisu15 · #20 09-13-2019

Quote:

Originally Posted by nodeal

Yes I have had new accounts being made the past 2 weeks and PayPal is still the option given. It is very annoying though. Requiring immediate payment on a new account is causing issues where the email used for PP is coming up as invalid. It is almost like they want us to want to ditch PayPal

This happened to my old account (AUS). I tried to list an item after a while and ebay said pp is invalid...

Leader2dark · #21 09-13-2019

Quote:

Originally Posted by donkeykong2012

That would be epic. I would not be at all surprised at Paypal attempting to do this.

That would be an absolute nightmare. Who the hell would want to deal with Managed payments AND PayPal. LOL.

phaz0rz · #22 09-13-2019

Quote:

Originally Posted by cafonabob

I am an extremely active buyer on eBay (20+ items per day) and there is a different checkout for sellers with managed payments. I see only some very established sellers have managed payments. Most 90%+ it is normal checkout process.

From my main buying account, it directs to the new checkout page regardless. It's the same one you see from the "one time payment" link for fees.