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| maksbord | 10-23-2024 07:29 AM |
Banks for UK eBay 2024
Hi !
My questions is:
1. What Banks are worked for eBay UK in 2024: Revolut, Monese, Starling Bank, Monzo, Wise, e.t.c.? what kind of Bank else?
2 . How many times can I add 1 bank account to UK eBay ( sort code with account number ) |
| JamesNorth101 | 10-23-2024 07:41 AM |
Re: Banks for UK eBay 2024
Revolut works but not long term without matching name
Wise business works. Personal doesnt
Starling last I used was fine a year ago but names must match
Monese - never used
Monzo name must match
1 time per same account number |
| maksbord | 10-23-2024 07:52 AM |
Re: Banks for UK eBay 2024
"1 time per same account number" , as I remember 2-3 years ago I added one account number 2-3 times ( one account number = 2,3 UK eBay accounts ). Is now all different, only one acc.number = only one eBay UK ? Is it true? Any advice, please. Thanks. |
| JamesNorth101 | 10-23-2024 07:58 AM |
Re: Banks for UK eBay 2024
Used to be able to do that now you cannot
1 bank account = 1 eBay |
| maksbord | 10-23-2024 08:38 AM |
Re: Banks for UK eBay 2024
Are anybody know Monese still working for eB UK, eB EU ? |
| murdered_by_ebay | 10-23-2024 11:23 AM |
Re: Banks for UK eBay 2024
answer is very simple: the best UK bank for ebay is always a bank that possesses a banking licence for the UK
additional issue that may arise is that ebay may not accept brandnew sort codes for a while , these are sort codes which a major bank just recently started using for new account openings , in some cases it may take weeks until such a sort code is accepted |
| eBaysnightmare | 10-23-2024 12:55 PM |
Re: Banks for UK eBay 2024
Quote:
Originally Posted by maksbord
(Post 1248789)
Hi !
My questions is:
1. What Banks are worked for eBay UK in 2024: Revolut, Monese, Starling Bank, Monzo, Wise, e.t.c.? what kind of Bank else?
2 . How many times can I add 1 bank account to UK eBay ( sort code with account number )
| Hello bro so I’ve never used Revolut, Wise or starling so I can’t comment on these banks. But I have used monese and I have used Monzo I don’t rate those bank accounts. The best banks for me are the big banks you know TSB, Chase, Santander.
You can use bank more than once on eBay. If you add a bank on one seller and then go to another seller and add same bank it will work brother. |
| ilcarletto | 10-24-2024 04:24 AM |
Re: Banks for UK eBay 2024
Quote:
Originally Posted by eBaysnightmare
(Post 1248832)
You can use bank more than once on eBay. If you add a bank on one seller and then go to another seller and add same bank it will work brother.
| no it will not work and will make your account limited
again, I srongly suggest new members in here to mainly follow stealth guide and advice from long time members of the forum |
| murdered_by_ebay | 10-24-2024 09:39 AM |
Re: Banks for UK eBay 2024
Quote:
Originally Posted by eBaysnightmare
(Post 1248832)
Hello bro so I’ve never used Revolut, Wise or starling so I can’t comment on these banks. But I have used monese and I have used Monzo I don’t rate those bank accounts. The best banks for me are the big banks you know TSB, Chase, Santander.
You can use bank more than once on eBay. If you add a bank on one seller and then go to another seller and add same bank it will work brother.
| monzo is a UK bank but not suitable for selling , it is the nastiest bank , they mass suspend people for nothing , internet is full of complaints |
| JamesNorth101 | 10-24-2024 10:03 AM |
Re: Banks for UK eBay 2024
Quote:
Originally Posted by murdered_by_ebay
(Post 1248869)
monzo is a UK bank but not suitable for selling , it is the nastiest bank , they mass suspend people for nothing , internet is full of complaints
| Yep revolt not much better when it comes time mismatching bands
Just rule of thumb avoid non high street banks. Only use these app banks if you 100% have to and the names are the same |
| eBaysnightmare | 10-24-2024 12:44 PM |
Re: Banks for UK eBay 2024
Quote:
Originally Posted by ilcarletto
(Post 1248858)
no it will not work and will make your account limited
again, I srongly suggest new members in here to mainly follow stealth guide and advice from long time members of the forum
| Hi bro I read the stealth guide years ago I’m new to this forum but I’ve got hell a lot of experience with eBay selling locally, internationally and creating accounts in mass.
I’ve used same bank more than once plenty of times brother. |
| eBaysnightmare | 10-24-2024 12:45 PM |
Re: Banks for UK eBay 2024
Quote:
Originally Posted by murdered_by_ebay
(Post 1248869)
monzo is a UK bank but not suitable for selling , it is the nastiest bank , they mass suspend people for nothing , internet is full of complaints
| Yeah 100% brother Monzo I would never use again for eBay or PayPal I learnt from past mistakes. |
| murdered_by_ebay | 10-24-2024 01:40 PM |
Re: Banks for UK eBay 2024
Quote:
Originally Posted by JamesNorth101
(Post 1248870)
Yep revolt not much better when it comes time mismatching bands
Just rule of thumb avoid non high street banks. Only use these app banks if you 100% have to and the names are the same
| on monzo this may happen anytime , if names matches it still happens. maybe if you open a business account it will be better but on personal I would not use it for any marketplaces |
| OldTom | 10-24-2024 03:47 PM |
Re: Banks for UK eBay 2024
You can use the same bank account on two accounts, I'm doing it, but in the world of stealth then it's not going to work and even if it did it would be unwise to do so. |
| Felics | 10-26-2024 04:09 AM |
Re: Banks for UK eBay 2024
I have a question,
Given the new regulation from all digital platforms to share details with HMRC, how can I get around having a bank in my name as I make around £2k a month from eBay. |
| OldTom | 10-26-2024 05:07 AM |
Re: Banks for UK eBay 2024
Quote:
Originally Posted by Felics
(Post 1248961)
I have a question,
Given the new regulation from all digital platforms to share details with HMRC, how can I get around having a bank in my name as I make around £2k a month from eBay.
| Not worth worrying about, ebay are going to send them your name, address, sales figures and (eventually) your National Insurance number.
Your bank details wont matter a jot for the purpose of determining if you're 'on the radar' for an investigation albeit that HMRC can have a look, without even asking your permission, at your bank account any time.
Either go legit or live with it. |
| Felics | 10-26-2024 06:58 AM |
Re: Banks for UK eBay 2024
But I can get all that info from someone else. My question is will having real (but not my) details cause issues if it is my bank account |
| OldTom | 10-26-2024 08:17 AM |
Re: Banks for UK eBay 2024
Quote:
Originally Posted by Felics
(Post 1248974)
But I can get all that info from someone else. My question is will having real (but not my) details cause issues if it is my bank account
| Of course it will given the imminent changes.
As from next year, borrowing someone elses info if fraught with issues.
So HMRC see that Mr A is selling 50K a year and contact them. They either deny it because you stole their info or direct them to you. If its the former they'll go to your bank account, if it's the latter and they say Mr A is complicit then you may lose a friend.
How do you plan on dealing with the NI number?
Like I said above, it's not what they can do now (trawling ebay looking for targets) but how you plan on dealing with it going forward.
True stealth as we once knew it is dead.
I guess the one positive point is you have the safety in numbers angle. But given we don't know how HMRC intend to manage all the new data they have handed to them it's mere guesswork. |
| Felics | 10-26-2024 03:00 PM |
Re: Banks for UK eBay 2024
Quote:
Originally Posted by OldTom
(Post 1248977)
Of course it will given the imminent changes.
As from next year, borrowing someone elses info if fraught with issues.
So HMRC see that Mr A is selling 50K a year and contact them. They either deny it because you stole their info or direct them to you. If its the former they'll go to your bank account, if it's the latter and they say Mr A is complicit then you may lose a friend.
How do you plan on dealing with the NI number?
Like I said above, it's not what they can do now (trawling ebay looking for targets) but how you plan on dealing with it going forward.
True stealth as we once knew it is dead.
I guess the one positive point is you have the safety in numbers angle. But given we don't know how HMRC intend to manage all the new data they have handed to them it's mere guesswork.
| Fair point. But I don't know the extent that HMRC can enquire into bank details and whether they have the manpower to actually do that. I know personally that HMRC are a ship held together with sticky tape so like you say there is the numbers game and hoping you fall through the cracks given there'll be 1000s of people doing the same |
| OldTom | 10-26-2024 04:21 PM |
Re: Banks for UK eBay 2024
Quote:
Originally Posted by Felics
(Post 1248996)
Fair point. But I don't know the extent that HMRC can enquire into bank details and whether they have the manpower to actually do that. I know personally that HMRC are a ship held together with sticky tape so like you say there is the numbers game and hoping you fall through the cracks given there'll be 1000s of people doing the same
| They no longer need any justification or court order to look at our bank accounts, google it for more info.
Like I said, if you like the safety-in-numbers odds then crack on. At least you know how (very) easy it will be in theory to find us. |
| mrsalexia | 10-30-2024 05:23 PM |
Re: Banks for UK eBay 2024
Quote:
Originally Posted by JamesNorth101
(Post 1248791)
Revolut works but not long term without matching name
Wise business works. Personal doesnt
Starling last I used was fine a year ago but names must match
Monese - never used
Monzo name must match
1 time per same account number
|
Wise business doesn't work, as soon as you link it (same as personal) and get the direct debit from ebay it gets closed by Wise , lost 3 x business wise this month trying |
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