| agent006140 | 01-19-2025 06:48 PM |
Re: Which bank statement to give to ebay for IBAN from payoneer
What are virtual bank accounts?
In most cases, virtual bank accounts function and operate similarly to traditional bank accounts. For example, depending upon which payment scheme and virtual bank accounts they are housed in, they can have a standard Bank Identification Code (BIC) and International Bank Account Number (IBAN) just like a real bank account. Furthermore, if virtual bank accounts are connected to a local scheme they may also include the corresponding jurisdictional format.
Similar to standard bank accounts, virtual bank accounts have their own unique account numbers and can be used to receive and send funds. However, regardless of the marketing, hype, or wording from a financial institution, virtual accounts are NOT bank accounts.
The key difference is that virtual bank accounts cannot hold funds – they do not hold balances. They are, in fact, CONDUITS, acting as routing points, channelling money to flow through. They are tributary channels to the traditional/physical accounts that house them.
Virtual bank accounts cannot act in isolation and are always tied to master or omnibus accounts.
In practice, a virtual account hierarchy is typically underpinned by a single physical account header, with as many virtual accounts as needed sitting underneath. Pay-ins and payouts can be processed via each virtual account while the actual fund movements take place through the physical header account.
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Read it carefully .
If your account has zero balance,the $$ is in a single physical account of the same bank registered under Payoneer name,then it is up to Payoneer if it will release your fund,if for some reason it will not or cannot,then Ebay is **** out of luck.
Ebay is not stupid.
Go get a real bank account with a traditional brick and mortar bank | 
