 Re: Important deadline: 14/september/2019
***JIMBO1001:*** "PayPal is duly licensed in Luxembourg as a bank (or “credit institution” in legal terms).
PayPal (Europe) S.à r.l. et Cie, S.C.A. is duly licenced as a Luxembourg credit institution in the sense of Article 2 of the law of 5 April 1993 on the financial sector as amended and is under the prudential supervision of the Luxembourg supervisory authority, the Commission de Surveillance du Secteur Financier, with registered office in L-1150 Luxembourg."
***SO IS IT A BANK?
***PLAY: And what about the EBay managed payments?, this is a true 2021 DEATHLINE for stealth accounts,:
***NO PAYPAL, EBAY DOES IT ALL !!:
"To get paid, you’ll need to add a bank account to your eBay seller account. You’ll get paid directly to your bank account, regardless of which payment option the buyer selects. If you sell daily, you will receive regular payouts into your bank account. There’s no need to transfer funds between accounts. Depending on your bank, you can typically expect payouts to be sent to your bank account within 2-4 business days of an order confirmation. We aim to pay you as quickly as possible, but are dependent on the credit card brands (Visa, Mastercard, American Express, etc.) and banks for payout processing and timely funds settlement. We are also looking into ways for our sellers to have more options and faster access to their funds."
***Will eBay then act like a bank?, we must pay eBay FEES through a bank account !!!
"You will see a new line item for payments processing fees on your monthly eBay invoices alongside your standard eBay selling fees. You will pay payments processing fees only to eBay, and not separately to a processor" https://pages.ebay.com/seller-center...s-on-ebay.html
Last edited by dune; 09-12-2019 at 11:01 AM.
| 
