Forum

Ayden
 

If been researching Ayden but not sure what I have to actually do to accept payments through it.

Anyone done this yet?

Re: Ayden
 

There have been a number of threads about the transition to Managed Payments powered by Adyen's financial network.

Right now it's not a requirement for sellers, but that's expected to change at some point in the future.

Re: Ayden
 

I have started it. It's pretty simple. I used a business bank with my business name and LLC as an extra precaution but you may not need it. They accepted stealth info no problem. I sold 1k on account in 5 days and they asked for a photo ID. They did not ask for bank statements, invoices, or anything else. I haven't provided them with an ID yet but banks don't have access to DMV records and they also accept EIN's and only ask for the last 4 of the social just like paypal do I don't foresee a problem when I do submit the ⊗⊗⊗⊗ ID.

Re: Ayden
 

Thanks for this info, it's very helpful.

We also need to hear more experiences like this signing up with, and selling under Adyen's gateway.

Re: Ayden
 

I'm also waiting for this to be available at PH. It's worth a try, tbh.

Re: Ayden
 

fck paypal, welcome adyen. (2020)

Fck adyen and all you others, welcome crypto! (202x) :d

Re: Ayden
 

what are you ranting on about?

Re: Ayden
 

Some Ebay sellers have been invited to test Ayden.
what is the rate,is it cheaper than Paypal?

Re: Ayden
 

Roughly the same. Microscopic amount of savings compared to Paypal which eBay is touting at every opportunity.

Re: Ayden
 

Paypal offers other features like 1% cash back when you use its MC debit card which taps your Paypal fund backed by bank fund.
Does AYden deposit your sales proceeds to your bank account?

Re: Ayden
 

On the onset, most of what I'm reading about Adyen is positive, but not sure it's going to be stealth friendly as they are likely to do identity verification. Even so, there will always be a few scofflaws who will resort to using others identities without permission (Identity Theft) instead of opening a company and applying for a legal TIN/EIN # and following the rules.

From what I'm reading Adyen will disperse funds automatically on a rotating basis into the designated bank account. Most Merchant Processors already do this.

Re: Ayden
 

Will Ayden also work as its stand alone service? for those that don't currently sell on eBay, can we still get payments? (like paypal pretty much). I do have an LLC and EIN i'd like to use whenever they do offer service to everyone

Re: Ayden
 

I mean, if I can save 0.001% on the 10% fee's....I welcome it! lol.

Re: Ayden
 

you have to ask Ayden?
why not use SQUARE?

Re: Ayden
 

Go for it!

Right now the tradeoff seems to be slightly lower payment processing fees in return for having your customer base slashed by 90%.

Re: Ayden
 

Regarding this junk, have they totally closed out your Merchant accounts yet? I forget the final date...

Re: Ayden
 

No, not yet. They keep changing the dates because I guess things aren't ready yet. At first they were saying it would be removed in the beginning of March. Now they're saying it won't be removed until May 1st but I can't make any new listings with my merch account as the payment method.

Re: Ayden
 

That sucks. They stopped people from setting them up quite some time back.