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An eBay without Stealth PayPals
 

I know there’s a lot of threads regarding this subject

But I wanna shed light on a different part of the eBay money managing system

What makes eBay eBay is eBay stealth.

They are making a huge mistake by doing this and this will affect a lot of us but it will hurt eBay the most as I feel a huge percentage of eBay is made up of stealth accounts

Just think about it ebay is like Amazons dodgy cousin. Not because it’s dodgy in any way but just because there’s a ton load of Stealth accounts with barely any regulations (when listing) compared to Amazon - and that’s apart of ebays appeal to customers, it’s more raw / open than compared to its main rival amazon

My point here is that when they do go ahead with there new system it will probably mean a lot of deaths of our stealth accounts

But won’t this affect eBay in terms of revenue - we all know what we earn for goodness sakes and how much we all pay in fees so just think about it

Also, when eBay does go ahead with this new system what will differentiate them from Amazon - Nothing ! The death of stealth accounts means the death of a few “certain” product lines that only stealth sell ;) if your catching the drift ...

When this does happen eBay will end up destroying themselves mainly because they won’t be any different from Amazon

To cheer you all up, I doubt eBay will just switch off PayPal at the end of 2020 - I do imagine there’s a lot of complications- they might just have it as a alternative and we might have to state in our product description to the customer pay via PayPal - they’ll probably keep it for a few more years as everyone gets used to the change at which point in 2024 they’ll finish it completely JUST A GUESS

To summarise, PayPal is a good payment system - we all bi#ch and moan about it however it has always done the customer right 99.9% of the time. And as I did rant earlier what makes eBay eBay is eBay stealth

When stealth is gone eBay will never be the same - it won’t evolve in to something better it’ll just be a cheap knock off of Amazon, the loss in revenue for eBay will make things more clearer in the near future

Just my opinion this maybe didn’t need a long ass thread but there’s so much worry and stress on all other forums - it’s gods plan ultimately peace out

Re: An eBay without Stealth PayPals
 

The Chinese sellers will absorb the UK Stealth sellers market, eBay won't lose a dime after the first couple of months, and will create more revenue by the fee system of EMP.

PayPal is not being turned off, but people who pay by PayPal it goes to eBays Managed Payments for the seller according to the info release.

eBay 'Stealth' is a tiny percentage overall to eBay.

Re: An eBay without Stealth PayPals
 

That’s perspective

I dominate my market that’s why EMP will literally kill that market off as it’ll be next to impossible to sell in that market - even if the seller is based in China due to standard international importation restrictions

But for the rest of you selling pots and pans it’s definitely a different story

Re: An eBay without Stealth PayPals
 

Ebay think managed payments will bring in even MORE buyers due to all the payment options they will offer buyers.

By cleaning up the site and getting rid of stealthers, they want sellers to list items for a higher price rather than fight with each other to see who can offer it at the lowest price.

When only vetted sellers are able to sell they can charge what they want and people will pay it as they can't get it anywhere else without risk of being scammed etc.

It's all about trust.

Re: An eBay without Stealth PayPals
 

eBay have absolutely no interest in 'Stealthers'. It probably isn't even worthy of a discussion in their board rooms.

Re: An eBay without Stealth PayPals
 

Course not, but what I mean by that is all the dodgy sellers, scammers etc.

The only want verified, vetted, genuine & honest sellers offering perfect customer service. A bit like Amazon really ...

Buy something on amazon, whinge about it to customer services and they usually just send out a replacement and let you keep the item if it's low value. If its high value they replace it no questions asked.

Re: An eBay without Stealth PayPals
 

In my opinion, eBay is not trying to get rid of stealth accounts because of market saturation. eBay's earnings might be just as good despite it.

The people who pay the price are the sellers as we have to lower prices to be in business. Buyers and eBay are the winners.

If eBay shaves off enough sellers to the extent that sellers feel confident to raise prices; there could be a price to pay on eBay's part. Plenty of buyers (who prefer eBay to Amazon because of lower prices) could just stick with Amazon.

On the other hand, the vacuum created by eBay will be perceived as an opportunity. Myriads of new business will jump at it and saturation will soon follow.


So I think what they're trying to do is patch loose ends for reasons including these:

1. Scammers are increasingly causing eBay losses in money and other areas like human resources, etc.

2. Stealthers also cause eBay the same loses listed above when accounts are suspended, and they cannot collect their fees.

3. Managed payments have KYC requirements (backed by regulation) which eBay must now meet.

Re: An eBay without Stealth PayPals
 

My question is, with Adyen, is it like what paypal use to be, in that you could have different name to that of your real name with your bank account? And all they want are documents to match up the details. Or is it automated, in that it can tell right away that the details dont match up and deny you right there and then.

Re: An eBay without Stealth PayPals
 

Have you not been following all the threads about UK banks and mismatched names?

Its coming to and end by March 31st. Any new payments made to bank accounts have a details match automatically, if they dont match , the sender gets notified. i.e end of account be it PayPal or Ayden unless the details match, or match almost.

The hope for some is in the vague information whether this will happen for existing accounts where payments have already been made or not.

Its worrrying times to say the least.

Re: An eBay without Stealth PayPals
 

Yeah, hopefully not for existing PP accounts , well see

Re: An eBay without Stealth PayPals
 

I started new stealths using my real name with 1 or 2 typo's so they "almost" match last year after reading a few threads about how banks were closing accounts due to completely mis-matched names. To me that was far more worrying, getting your money seized by the actual bank.

I've now started more stealths with an exact match of my name just incase paypal close my accounts. Can't afford any interruption to business.

Re: An eBay without Stealth PayPals
 

What about people with current PP stealth accounts? Could they just change their bank account address and their stealth PP name to their real bank registered name, But not exactly, as I have read, a fuzzy match. So if Your Stealth Name on PP is ''John Smith'', and your Real bank registered name is ''Bob Jones'' Could you change your PP name to ''Bob Johns'' Im sure PP would want you then to submit docs once you changed your name on PP. Thats not a problem anyway.

Or change bank address, and just change PP name to real full name, as name alone is a coldlink, as long as bank registered address is different.

Re: An eBay without Stealth PayPals
 

Are you crazy? you want to try and change the name on a PP account you have already painstakingly got through the EU security as stealthly as possible, thus requiring PP manual review, then requiring NEW ID documents, and potentially a document showing your legal name change?

Re: An eBay without Stealth PayPals
 

With Aspkin, all things are possible.

Re: An eBay without Stealth PayPals
 

No, they are not.

Re: An eBay without Stealth PayPals
 

So on March 31st the Banks linked to our PayPal have to have the same name as the stealth PayPal

We’re all screwed then if this is the case

However, I’d take it with a pinch of salt - there’s always this big talk of doomsday

Look at USA Stealth, MP have been there but there still doing stealth

A lot of you are like Grim Reapers taking the soul of people away, let’s just wait and see what happens for gods sakes.

Re: An eBay without Stealth PayPals
 

Its actually from March, and March 31st being the 'final' day for the banks to have it sorted. So it can be anytime, if something is going to be problematic, to happen.

It's not taking 'the soul away' from people, its preparing, based on information available, so one can attempt to create safeguards in case it happens.

Essentially, i am convinced 100% that after 31st March, the first PayPal 1p deposits/withdrawals on new accounts will kill any stealth account if not using the same name immediately. However, I am not entirely sure if existing accounts with withdrawals already setup are going to be affected (at this stage anyway, but that could also be wishful thinking on my part.

Re: An eBay without Stealth PayPals
 

Fair play mate

Wonder what the moderators and account sellers have to say about this

Have you got any links to support what you said I did google it and it is fairly accurate what you’ve said but any articles

Re: An eBay without Stealth PayPals
 

They wont tell you anything, its profit for them when they 'find' something out.

Theres a few threads on Aspkin where it has been discussed and some links. Essentially PayPal are signed up to Open Bank, and most banks (aside from TSB in OCtober 2019) have signed up to the agreement to use the new tools. Im not going to backtrack the thirty or so pages I read today while researching though :)

Re: An eBay without Stealth PayPals
 

Yh fair enough but I still think it’s a hit or miss depending on what bank you use

Another Aspkin user said it can just be transfers between bank to bank and not Company’s

Time will tell inevitably

I’m probably gonna go back to college if this goes bust, had a good run. Good things don’t last forever Bad guys do lmao :D