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  #1  
Old 07-11-2022
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Default 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.
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  #2  
Old 07-12-2022
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Default Re: Etsy bank account verification through PLAID and whether it shares name

Quote:
Originally Posted by Blaseblase View Post
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.
New update, I doubt they see 100% of all banks data, but possibly some of them for sure.
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  #3  
Old 07-12-2022
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Default Re: Etsy bank account verification through PLAID and whether it shares name

Quote:
Originally Posted by Duab View Post
New update, I doubt they see 100% of all banks data, but possibly some of them for sure.
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.
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  #4  
Old 07-12-2022
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Default 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
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  #5  
Old 07-12-2022
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Default Re: Etsy bank account verification through PLAID and whether it shares name

Quote:
Originally Posted by Blaseblase View Post
Hi, currently making a new Etsy account.

sounds like Etsy CAN see the name on the bank account since the third party sends that information to them.
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:
Quote:
Originally Posted by rsot View Post
Manual method can still share your name when deposits are withdrawn back - just fyi
How so? Any fees are charged to the CC you have on file.
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Old 07-13-2022
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Default Re: Etsy bank account verification through PLAID and whether it shares name

Any company using Plaid to verify details means they should match 100%.
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  #7  
Old 07-13-2022
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Default Re: Etsy bank account verification through PLAID and whether it shares name

Quote:
Originally Posted by Jewlz View Post
Any company using Plaid to verify details means they should match 100%.
Go on with the Plaid
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  #8  
Old 07-13-2022
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Default Re: Etsy bank account verification through PLAID and whether it shares name

Quote:
Originally Posted by Blaseblase View Post
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.
This here.

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

I'll always do a manual
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  #9  
Old 07-14-2022
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Default Re: Etsy bank account verification through PLAID and whether it shares name

Quote:
Originally Posted by aaa7z5 View Post

How so? Any fees are charged to the CC you have on file.
If fees are only charged to CC and not withdrawn from bank then, true, the name would not be shared
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Default 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
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Default Re: Etsy bank account verification through PLAID and whether it shares name

Quote:
Originally Posted by ebaysuck View Post
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
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?
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  #12  
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Default 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
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Default 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
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Default 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
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Default Re: Etsy bank account verification through PLAID and whether it shares name

Quote:
Originally Posted by jdtodd View Post
I used a business bank account so the name wouldn't match anyways and it was fine
Good experience contribution
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  #16  
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Default 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.
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  #17  
Old 4 Weeks Ago
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Default Re: Etsy bank account verification through PLAID and whether it shares name

Quote:
Originally Posted by Automasters View Post
Could be Etsys way of purging whatever stealth accounts may be left.
Usually there's a specific reason - not just random purging - some security flag was tripped
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  #18  
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Default Re: Etsy bank account verification through PLAID and whether it shares name

Quote:
Originally Posted by Automasters View Post
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.
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
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Default 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.
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  #20  
Old 3 Weeks Ago
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Default Re: Etsy bank account verification through PLAID and whether it shares name

I'd do a manual...
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  #21  
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Default 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.
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  #22  
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Default 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
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