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| ebsnbie | 09-23-2019 07:06 PM |
Is ebay stealth really ending?
Sorry if this has been posted before, but I was just wondering if it was really true. Does anyone here think ebay stealth will really end? What is your experience about this or what have you heard? Someone in the same thread below thought people would figure out ways around this. What are your thoughts on that?
On black hat word a member posted this in his thread Well, looks like the end of stealth on eBay https://www.blackhatworld.com/seo/ho...y-step.415689/ Quote:
toml3030
"eBay intends to further improve its customer experience by intermediating payments on its Marketplace platform. In doing so, eBay will manage the payments flow, simplifying the end-to-end experience for buyers and sellers. eBay has signed an agreement with Adyen, a leading global payments processor, to become its primary payments processing partner. PayPal, a long-time eBay partner, will be a payments option at checkout for eBay buyers. The transition to full payments intermediation will be a multi-year journey, and eBay will move as quickly as possible to complete this process within the parameters of the Operating Agreement with PayPal, which remains in place through mid-2020.
To enable payments in their eBay accounts, sellers should expect to provide eBay with some additional payments-related data and transition to a new relationship with eBay that includes integrated payments capabilities. Sellers will be required to complete these steps in order to continue selling on eBay, and it is anticipated that this transition for sellers will occur no later than one year after the expiration of eBay’s Operating Agreement with PayPal, i.e., by July 2021."
| Then he said Quote:
At best, it will become like Etsy or Amazon with the seller having to provide SS# and working bank account at signup. This becomes problematic because Amazon is known to dig into the bank info you give them if you start doing serious volume and ban people if the bank info does not match the signup info. So while stealth will still be possible, you won't be able to grow stealth accounts into massive, profitable accounts.
The worst case scenario is that it will be like signing up for credit card processing account and they will verify all info you give them and run a credit check on you before they approve you to sell on eBay.
So at minimum, I expect there to be a requirement to provide a working tax ID and a US based bank account to sell on US eBay. The doomsday scenario is that providing false info to eBay will be like giving false info to open a bank account, a potential felony.
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| SaiJin | 09-23-2019 07:18 PM |
Re: Is ebay stealth really ending?
This isn’t the first time people say something like this. ,ethos always evolve together with the issues.
So no, it’s not ending. Just updated |
| Kajunrook | 09-23-2019 08:17 PM |
Re: Is ebay stealth really ending?
I hope you are right SaiJin, but methinks one account per SSN in USA will be it, so if you have a wife you can maybe have 2 accts, after that, probably no more. |
| prodigyace | 09-23-2019 08:25 PM |
Re: Is ebay stealth really ending?
Id like to see how the banking situation is going to get worked out |
| ebsnbie | 09-23-2019 08:29 PM |
Re: Is ebay stealth really ending?
Quote:
Originally Posted by SaiJin
(Post 1035888)
This isn’t the first time people say something like this. ,ethos always evolve together with the issues.
So no, it’s not ending. Just updated
| So you think it won't end, but do you agree with the op that this will end one's ability to grow a massively profitable account?
I was wondering if some veterans from the account marketplace here will chime in on what they think to. Are you guys thinking you could create accounts that will bypass what ebay will do with adyen? And do you think you could bypass it where the accounts could be massively profitable? |
| aspkin | 09-23-2019 08:43 PM |
Re: Is ebay stealth really ending?
It won't be as strict as Amazon but it won't be as easy as it is now, that's for sure.
It may not be "stealth" as we know it now but in some form or another I don't think this will prevent people from creating accounts.
We won't know how it will be until we hear from more people's experience on MP and how that process went for them. From what we've seen so far, it's not that bad.
The more people rolled into the system, the more we'll learn. |
Re: Is ebay stealth really ending?
THere's always a way in every situation. If you know how to do it right, for sure you'll figure out - it's never ending. |
| SaiJin | 09-23-2019 09:32 PM |
Re: Is ebay stealth really ending?
Quote:
Originally Posted by ebsnbie
(Post 1035895)
So you think it won't end, but do you agree with the op that this will end one's ability to grow a massively profitable account?
I was wondering if some veterans from the account marketplace here will chime in on what they think to. Are you guys thinking you could create accounts that will bypass what ebay will do with adyen? And do you think you could bypass it where the accounts could be massively profitable?
|
No, I don't agree.
Like aspkin said, problems come, then next is solution and it cycles around.
We'll figure it out when the time comes. The forum has a lot of very experienced and creative people |
Re: Is ebay stealth really ending?
Quote:
Originally Posted by SaiJin
(Post 1035911)
No, I don't agree.
Like aspkin said, problems come, then next is solution and it cycles around.
We'll figure it out when the time comes. The forum has a lot of very experienced and creative people
| Very true - evolution. |
| slokor | 09-23-2019 10:20 PM |
Re: Is ebay stealth really ending?
Silver lining - Wont have to deal with paypal limitations any more. From now on its only one company to worry about instead of two. |
| haiauphisu15 | 09-24-2019 12:23 AM |
Re: Is ebay stealth really ending?
"No problem can be solved from the same level of consciousness that created it" and aspkin is a next level |
| Ebayorbust | 09-24-2019 01:06 AM |
Re: Is ebay stealth really ending?
Not sure how folk intend to circumvent SSN requests and bank info that needs to match up, but hey, let's pretend it's all going to be fine. :d
I am optimistic the UK requirements for managed payments will be a lot easier to meet. |
| mike75493245 | 09-24-2019 01:08 AM |
Re: Is ebay stealth really ending?
my take on this is that ebay can not afford hard verification of millions of private sellers.I think eventually they will either limit managed payments to business sellers only and will not touch private sellers for many years or they will have paypal-style verification for private sellers.in my opinion anything else is too risky because any kind of tough measures to vast numbers of existing smaller sellers would have major negative impact on the entire marketplace. |
| Leader2dark | 09-24-2019 06:45 AM |
Re: Is ebay stealth really ending?
Quote:
Originally Posted by Ebayorbust
(Post 1035948)
Not sure how folk intend to circumvent SSN requests and bank info that needs to match up, but hey, let's pretend it's all going to be fine. :d
I am optimistic the UK requirements for managed payments will be a lot easier to meet.
| I thought in the UK stealth accounts already have a 2.5k limit before papers are required?
VS Like 20K in USA.
Stealth will still exist if you count legit LLC and EIN's as being "stealth" |
| phaz0rz | 09-24-2019 07:45 AM |
Re: Is ebay stealth really ending?
It depends on how you're defining stealth accounts. Forming a new legal entity with the government and then using that info to open a bank and eBay account isn't stealth at all, but it's at least an option moving forward.
I think the days of true USA stealth accounts are long gone. You can't make a new account with the name "Bigbird Johnson", sell $5k, then use the PP balance to pay your supplier anymore. Because you can't spend your balance. By Paypal forcing you to add a bank account for withdrawals, and with banks being KYC regulated to death, Paypal effectively broke stealth. There's a clear paper trail with USA accounts now. |
| Leader2dark | 09-24-2019 08:24 AM |
Re: Is ebay stealth really ending?
Quote:
Originally Posted by phaz0rz
(Post 1036008)
It depends on how you're defining stealth accounts. Forming a new legal entity with the government and then using that info to open a bank and eBay account isn't stealth at all, but it's at least an option moving forward.
I think the days of true USA stealth accounts are long gone. You can't make a new account with the name "Bigbird Johnson", sell $5k, then use the PP balance to pay your supplier anymore. Because you can't spend your balance. By Paypal forcing you to add a bank account for withdrawals, and with banks being KYC regulated to death, Paypal effectively broke stealth. There's a clear paper trail with USA accounts now.
| True stealth is very much dead.
Pseudo stealth is dying soon. Once paypal changes policies again, or for sure when eBay payments take over.
What is left will be legal stealth hiding behind LLC's, trusts, EINs, legal agents, etc. |
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