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  #1  
Old 11-05-2023
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Default Etsy Changing Bank Account - Any Risks?

So my banking info changed on the bank's side and I have to change/update the info on etsy's side. The banking info changed from the banks' side, and not me switching banks or whatever.

This account isn't stealth, but its selling risky items.


I decided to finally update the banking account info (via PLAID not manual), since I have to now. I also decided to deactivate all risky listings and rename the titles/get rid of stuff in the description and make it appear more white hat before I did the change.

I have to wait like 5 days for the account to be fully confirmed to withdrawals, which means 5 days of sales gone lol. Now I don't know if the verification is 5 days or like 24 hours or if there is a verification at all.

And I will be getting a business account soon, which sucks because I will have to update again....

-----

Anyways,

I saw 2 threads where people claimed their accounts got banned after a bank change (looks like almost instantly)

This thread:
https://www.aspkin.com/forums/etsy-d...tore-back.html

And this thread:
https://www.aspkin.com/forums/etsy-d...k-account.html

First guy is using Payoneer via manual input, so I guess that's why he got banned (For using payoneer, not so sure if manual input was a trigger too).

Second person didn't really give much info.

----------

So I was wondering for those who are selling risky items, do/did you do anything special when changing the bank account?

Do/Did you use plaid or manual?

Do/Did you deactive risky listings?

Did you turn off risky listings (deactive or delete?) while waiting on the bank change to confirm (Depending on the location I think it takes 3-5 business days to confirm for withdrawals again).

----------

I feel like when you change the bank account a compliance check is done manually or some form of AI check is done, but I could be wrong. So any tips on this?

Last edited by TomWorks; 11-05-2023 at 11:37 PM.
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Old 11-07-2023
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Default Re: Etsy Changing Bank Account - Any Risks?

The name on your bank account must agree with the name you registered with Etsy
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Old 11-08-2023
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Default Re: Etsy Changing Bank Account - Any Risks?

First question is does the name on Etsy match the name on the bank?
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Old 11-08-2023
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Default Re: Etsy Changing Bank Account - Any Risks?

OP, what risky listings you speaking about?
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Old 11-08-2023
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Default Re: Etsy Changing Bank Account - Any Risks?

Quote:
Originally Posted by JamesNorth101 View Post
First question is does the name on Etsy match the name on the bank?
Yeah it does, I just did it with plaid. This account isn't even stealth.

Does that matter, if it's manual input vs plaid? I'm assuming with plaid they can probably see your name, and with manual no they cant.

Last edited by TomWorks; 11-08-2023 at 10:18 AM.
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Old 11-09-2023
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Default Re: Etsy Changing Bank Account - Any Risks?

Hmm i just switched my bank to another bank thats not matching. did micro deposits and its selling fine.
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Old 11-09-2023
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Default Re: Etsy Changing Bank Account - Any Risks?

Quote:
Originally Posted by stealthnorris View Post
Hmm i just switched my bank to another bank thats not matching. did micro deposits and its selling fine.
nice experience - glad it went well
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