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Etsy bank account verification through PLAID and whether it shares name
 

Hi, currently making a new Etsy account.

I have:

New name
New SSN (used friend who consented)
New IP
New Address

etc, etc.

HOWEVER, when adding my bank Etsy uses a third party called "Plaid" and looking on their site they say:

"Account holder information: name, address, phone number, and email address, as held by your bank or other financial institution;"
"Please note that the data collected from your financial accounts may include information from all your accounts (e.g., checking, savings, and credit card) accessible through a single set of account credentials. "
"The types of data that Plaid accesses and shares with your apps depend on the particular connections you’ve established, the specific Plaid services used to power your connected apps, and the information made available by your financial institution. "

sounds like Etsy CAN see the name on the bank account since the third party sends that information to them.

Re: Etsy bank account verification through PLAID and whether it shares name
 

New update, I doubt they see 100% of all banks data, but possibly some of them for sure.

Re: Etsy bank account verification through PLAID and whether it shares name
 

I was reading somewhere that if you use the instant verification where you log into the bank through Plaid it shares information like name. But using the manual method where they deposit money into your bank and you verify the amounts doesn't.

Who knows, I went with manual so I guess we'll see how it goes.

Re: Etsy bank account verification through PLAID and whether it shares name
 

Manual method can still share your name when deposits are withdrawn back - just fyi

Re: Etsy bank account verification through PLAID and whether it shares name
 

Yup. Totally true.

Yet, I have successfully kept an account in good standing while verified by another SSN, but my own bank. I had verified my SSN first but then changed it all to valid SSN data of a friend, same bank, CC in my name... its an old established account though. *shrug*


Been suspended twice, once for a chargeback, the other time because a refund wasn't able to be charged to my CC, contacted support both times and was un-suspended.

Oh, and Im selling mostly non-handmade stuff, either.

Am I lucky, or anyone have this kind of **** happen and get to keep the account?


Edit:
How so? Any fees are charged to the CC you have on file.

Re: Etsy bank account verification through PLAID and whether it shares name
 

Any company using Plaid to verify details means they should match 100%.

Re: Etsy bank account verification through PLAID and whether it shares name
 

Go on with the Plaid

Re: Etsy bank account verification through PLAID and whether it shares name
 

This here.

This is the reason why I would never login outside of my own bank portal.

I'll always do a manual

Re: Etsy bank account verification through PLAID and whether it shares name
 

If fees are only charged to CC and not withdrawn from bank then, true, the name would not be shared

Re: Etsy bank account verification through PLAID and whether it shares name
 

I just got a message on my old etsy account that I have to verify that I own the bank account attached to Etsy account, they want me to verify through Plaid. Name on Etsy account doesn't match name on bank account. any workarounds for this new thing ?
Thanks

Re: Etsy bank account verification through PLAID and whether it shares name
 

I just received the same message this morning. I have read to do the manual deposits instead of logging into my bank account but my concern is they will see my name on my back account when they withdraw the manual deposit. Does anybody know if this is true? Has anybody verified a mismatched name account with plaid?

Re: Etsy bank account verification through PLAID and whether it shares name
 

I used a business bank account so the name wouldn't match anyways and it was fine

Re: Etsy bank account verification through PLAID and whether it shares name
 

can anyone else share their experience with this issue ? I just got 2 more etsy accounts flagged for it

Re: Etsy bank account verification through PLAID and whether it shares name
 

Same problem here. Apparently, we only have 2 options:
* Manual Verification ( Personal account)
* Using Business Payoneer Account

Re: Etsy bank account verification through PLAID and whether it shares name
 

Good experience contribution :thumb:

Re: Etsy bank account verification through PLAID and whether it shares name
 

I had only two out of four accounts flagged for this - it seems only accounts which have sold a certain amount or quantity are being selected for this, other slower accounts are not required to pass it. Used manual verification for one and passed, second is in progress. Could be Etsys way of purging whatever stealth accounts may be left.

Re: Etsy bank account verification through PLAID and whether it shares name
 

Usually there's a specific reason - not just random purging - some security flag was tripped

Re: Etsy bank account verification through PLAID and whether it shares name
 

So manual verification is when Etsy makes 2 small deposits and you enter the numbers? Was the name on etsy account and bank account different?
Thanks

Re: Etsy bank account verification through PLAID and whether it shares name
 

Hello, can someone share their recent experience with the either the Plaid instant or manual verification process? Can you let me know which method worked for you? The name on my bank account does not match the info I have entered in on Etsy.

Re: Etsy bank account verification through PLAID and whether it shares name
 

I'd do a manual...

Re: Etsy bank account verification through PLAID and whether it shares name
 

Update, I did the manual verification and when they asked for name on the bank account I just used my business name on Etsy. I got the 2 small deposits within about 12 hours and I just completed the verification process. All seems to be okay for now, not sure if something will happen down the line but for now the message to verify my account is gone. So it seems like when you do manual verification your business name DO NOT need to match the name on your bank account.

Re: Etsy bank account verification through PLAID and whether it shares name
 

It looks like they are doing this in waves by bank type. All of my accounts that uses the same bank are getting the emails on the same day. Pretty sure for manual they don't check names. Or if it doesn't work a business account is acceptable

Re: Etsy bank account verification through PLAID and whether it shares name
 

Did you use Payoneer Business account ? if not; which bank please?

Re: Etsy bank account verification through PLAID and whether it shares name
 

Which bank have you tried?

Re: Etsy bank account verification through PLAID and whether it shares name
 

mine is also a question mate.

Re: Etsy bank account verification through PLAID and whether it shares name
 

Understood - discussion continues

Re: Etsy bank account verification through PLAID and whether it shares name
 

for USD for payoneer or any other virtual bank will work.

Only real US banks.

We have found some solutions with easy to get US banks + attaching them to paypal.

Then you can technically get paid to bank then move funds to paypal.

Re: Etsy bank account verification through PLAID and whether it shares name
 

Has anyone (who is already an existing seller, not a new account), already dealt with the new request to confirm your name? Want to make sure I do not make a mistake with it. Helpful advice would be appreciated

Re: Etsy bank account verification through PLAID and whether it shares name
 

Etsy can NOT see the name, ask me how I know 😃

I did this on 2 accounts last week and 3 weeks before that, and they’re active and selling.

Re: Etsy bank account verification through PLAID and whether it shares name
 

So when the site asked you to confirm your name that they would put on your bank account you gave them the name you use for legal, or your real name?

Re: Etsy bank account verification through PLAID and whether it shares name
 

If you gave them one or the other you give them a consistent answer.

Think of matching up.

Re: Etsy bank account verification through PLAID and whether it shares name
 

What I did was where they asked for what name to use for my bank account I gave them the name I had under legal info. Then I verified using manual with plaid using the name that matches my bank account. Got the micro deposits and I have now been verified. So far so good.

Re: Etsy bank account verification through PLAID and whether it shares name
 

Congrats so far :thumb:

Re: Etsy bank account verification through PLAID and whether it shares name
 

Care to share which bank(s)?

Re: Etsy bank account verification through PLAID and whether it shares name
 

Turns out the easy way to get your account deleted, is to change your Taxpayer info after you link your bank, no match.

*Poof*

Re: Etsy bank account verification through PLAID and whether it shares name
 

Changing account info of any kind will usually trigger something...

Re: Etsy bank account verification through PLAID and whether it shares name
 

Yup! On another interesting note,on Etsy specifically I received two frantic emails months apart from two separate "customers" who each claimed that their accounts where hacked to buy my high-value items and to cancel the orders, which I did...fraudulent transactions, and many suspicious purchases of upwards of $2,000 turned out to be using fresh accounts with stolen credit cards.

Etsy is sketchy.

Re: Etsy bank account verification through PLAID and whether it shares name
 

what kind of high value items?

Re: Etsy bank account verification through PLAID and whether it shares name
 

Precious metals, stones and rings

Re: Etsy bank account verification through PLAID and whether it shares name
 

oh wow - hopefully nothing was sent out on your end...feels like you were notified at the right time