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Old 09-06-2019
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Default ebay Managed Payments question on payouts

Question for someone doing MP already

Is each transaction paid to your bank account separately or do they aggregate the day and deposit that amount?

Reason asking is my bank charges a fee per transaction of .35 after a certain number and this going become a significant charge for me given my low transaction value....so just trying to plan

Note I have an LLC

Trying to change another account to my Sub S to avoid my personal name attached just in case I have account troubles done want one to affect the others.
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Old 09-07-2019
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Default Re: ebay Managed Payments question on payouts

Quote:
Originally Posted by robbcarpdm View Post
Question for someone doing MP already

Is each transaction paid to your bank account separately or do they aggregate the day and deposit that amount?

Reason asking is my bank charges a fee per transaction of .35 after a certain number and this going become a significant charge for me given my low transaction value....so just trying to plan

Note I have an LLC

Trying to change another account to my Sub S to avoid my personal name attached just in case I have account troubles done want one to affect the others.
All payments that become available for payout are in one total for me regardless of how many sells or the number of buyers
When money hits my bank it is all in one transaction
That's how mine is. I would think all are but don't know about the other sellers payments
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Old 09-08-2019
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It should be one lump sum,if you want the details,you have to go to your eBay Seller Account or your own sales ledger.
Why is your bank charging 35 cents for incoming deposit?is it because it is a commercial account?
what is the name of your bank?

Chase charges a withdrawal fee if I exceeds 6 withdrawals in a month,but no fee for deposits,the more the merrier,but mine is a personal saving account

Quote:
Originally Posted by robbcarpdm View Post
Yes these are biz accounts and I get 300 a month for 20 or 100 for $10 so it looks like I can do 100 as there are only 30 days in a month.

Thank you all for the help on this....I assumed it was one grouping per day but did not want to assume .

So if i understand MP.....you have to prove bank account at $4k a year and they want SSN or EIN verification at $10k a year is this correct?

Thanks
why cant you ask your bank to waive the deposit fee,they make money with your money,the more the merrrier?

Quote:
Originally Posted by phaz0rz View Post
That's a national regulation. You can only transfer money out of/withdraw from a savings account 6x per month without being penalized (at any bank).

@the OP - All your payments for a given day are combined and sent as one payout. That's how it works for everybody.
he is not withdrawing,he is depositing.
but his is a commercial checking account ,not personal savings.

Last edited by TGMT²; 10-16-2019 at 11:25 PM.
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Old 09-08-2019
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Default Re: ebay Managed Payments question on payouts

Quote:
Originally Posted by agent006140 View Post
Chase charges a withdrawal fee if I exceeds 6 withdrawals in a month,but no fee for deposits,the more the merrier,but mine is a personal saving account
That's a national regulation. You can only transfer money out of/withdraw from a savings account 6x per month without being penalized (at any bank).

@the OP - All your payments for a given day are combined and sent as one payout. That's how it works for everybody.
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Old 09-08-2019
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Default Re: ebay Managed Payments question on payouts

Yes these are biz accounts and I get 300 a month for 20 or 100 for $10 so it looks like I can do 100 as there are only 30 days in a month.

Thank you all for the help on this....I assumed it was one grouping per day but did not want to assume .

So if i understand MP.....you have to prove bank account at $4k a year and they want SSN or EIN verification at $10k a year is this correct?

Thanks
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Old 09-11-2019
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Default Re: ebay Managed Payments question on payouts

you have to prove bank account at $4k a year and they want SSN or EIN verification at $10k a year is this correct?

What does this mean?
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Old 09-11-2019
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Default Re: ebay Managed Payments question on payouts

Quote:
Originally Posted by Leader2dark View Post
you have to prove bank account at $4k a year and they want SSN or EIN verification at $10k a year is this correct?

What does this mean?

I've only seen that mentioned here.. nothing from eBay about those alleged regulations.

I don't see how they could be requiring EIN/SSN verification when that's information they require from you during registration. I guess it's possible they're asking for bank statements after $4k but I can't think of any reason they'd do it at that point instead of when you add the bank account.

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Old 09-28-2019
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Default Re: ebay Managed Payments question on payouts

When i signed up for MP with LLC they immediately wanted EIN and also SSN of primary beneficiary.

I had three effectively links accounts at present.....i put up a listing on one and it sold way too fast that they looked at it as too good to be true and to protect ebay members they suspended a Power Seller account indefinately......I didnt think it would go that fast and it did look to good to be true but it was legit. Basically it was $30 off $50 coupon. so it looked too good to be real. Next time I price so as to move slower and not tip any flags as the listing was sold out in less than 12 hours.....I think that triggers flags on new listings with multiple items go that fast....as there are scammers doing things like that.

Anyway they did not kill all the accounts just the one they found offending....so even though they are linked it appears that as long as it is not obvious fraud they dont kill all the associated accounts...

So far so good......was thinking of calling on the one they killed to ask but then decided best not the kick a sleeping dog.....time to add a bunch of stealth accounts.
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Old 09-30-2019
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Default Re: ebay Managed Payments question on payouts

Quote:
Originally Posted by Leader2dark View Post
you have to prove bank account at $4k a year and they want SSN or EIN verification at $10k a year is this correct?

What does this mean?
My request came after reaching 4 thousand in sales with managed payments.
The request was to update bank info. They wanted my eBay name to match what was on bank records. I had to add middle initial to eBay account, to match bank name. Also uploaded bank statement. I have read on eBay forums that when hit 10 thousand another threshold is met and new requests. Not sure what the request will be tho. I will be close to that amount sometime this month so will see what is asked next.
On a positive tho...I was only having held payments for about two to three hours. They checked the requested info rather quickly and all was good do go.
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Old 10-09-2019
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Default Re: ebay Managed Payments question on payouts

the requesting EIN and SSN is a real problem... If it was just EIN there is tons of solutions for that.. .But the SSN of the primary as well as EIN.
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Old 10-16-2019
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Default Re: ebay Managed Payments question on payouts

Quote:
Originally Posted by Moscutter View Post
the requesting EIN and SSN is a real problem... If it was just EIN there is tons of solutions for that.. .But the SSN of the primary as well as EIN.
Time to work some magic bro, thats if you gotta eat. These muppets have no clue what humans will do to survive. Oh well dog eat dog.

Last edited by SaiJin; 10-16-2019 at 04:31 PM.
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Old 10-17-2019
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Default Re: ebay Managed Payments question on payouts

I remember reading somewhere in this forum that you should be okay with providing social one time if you're running MP as long as the name AND address don't match a previously suspended account.

If you have multiple eBay accounts, that's where issues can arise.
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