Forum

Lets get a few things straight
 

ok guys. I wanna get some things cleared up please.

Number 1: once adyen is fully implemented WILL EVERY SINGLE USA SELLER NEED TO PROVIDE SSN?

Number 2: is it a myth they want matching bank names? some reports say yes, some say no.

Number 3: Does anybody know the exact cutoff date of receiving payments thru paypal?

Anyways thanks hope we dont die out here once this is all implemented.

Re: Lets get a few things straight
 

Hopefully workarounds will become available as more people make the switch and experiment.

Re: Lets get a few things straight
 

1) Seems that way. At first I thought it would only be for individuals and pass through entities, but there was a person here with a multi-member LLC who said eBay wanted the SSN of at least one member when they went through the application. Yankee is the only member here I know of who's saying they already have multiple accounts in MP.. so he probably knows the answer.

2) In my experience, yes, they want the names to match. If there's doubt they request bank statements.. which may or may not be fudgable to a certain extent.

3) They haven't said. It seems like even eBay isn't sure.

That won't clear up anything at all, but it's too early for anyone to give definitive yes or no answers to these questions.

Re: Lets get a few things straight
 

per Ebay rep,there is an agreement between Paypal and EBAY when Paypal was spunoff,that Ebay would not and could not withdraw all its business from PaAYPAL in one big scoop,it has to be a gradual process.
We dont know the details but you can see now,some are invited and some are still waiting to be invited,I have been with Ebay/Paypal for over 20-25 years ,I have not heard from Ebay yet.

Re: Lets get a few things straight
 

For a fact name on eBay has to match name on bank. My eBay name and bank name are my real name. But, on eBay no middle initial but on bank name middle initial. I had to correct this about 4 or 5 weeks ago.
This was not an issue when I first signed up with managed payments but I met one of the thresholds
Managed payments has been a positive thing for me thus far.

Re: Lets get a few things straight
 

This is the same with Paypal when we linked our bank account with our Paypal account,for some reason Paypal later dropped it?
Johnnie Cash & John Thomas Cash would not do

Re: Lets get a few things straight
 

They ask for a SSN when you sign up

Once you have a certain amount of funds paid out to you they will request you update your info or provide a bank statement if your names do not match.

We don't know the cutoff date yet.

I have 4 MP accounts currently running and I like it so far. Nothing is going to die out. Where there is a will, there are several ways.

Re: Lets get a few things straight
 

4 MP accounts - wow

Re: Lets get a few things straight
 

So I have an ebay account in my name in good standing but a suspended PayPal. This sounds like it could be a good thing for me. I take it my account would be able to accept paypal as well as all other payment types?

Re: Lets get a few things straight
 

SSN is required. I don't know how people are getting around this other than stealing IDs.

I guess where there is a will, there is a way is technically correct, but average users won't go that far.

I didn't realize they asked for more bank info after a certain payment number. What is the point?

Re: Lets get a few things straight
 

We have gone thro’ this before.

Words per eBay rep are not prove or guarantee of a usable fact for the Stealth world.

=}

Re: Lets get a few things straight
 

why cant these cvunts just add BOTH!?!?!? GIVE THE USERS AN OPTION!!! we make there website help us out but nooooooo they just wanna always screw u.

Re: Lets get a few things straight
 

if you have a bank account,you must have SSN,the more documents you give them,the more they like to do business with you.
They dont want the marginal sellers .

Re: Lets get a few things straight
 

but if bank name dont match....then this is gonna be very hard. But if all it takes is a bank statement then we good homies.

Re: Lets get a few things straight
 

thats true, steakth world will always remain underground

Re: Lets get a few things straight
 

I have been told many times by someone on this forum,names do not have to match.
There are other venues and payment processors,check them out

Re: Lets get a few things straight
 

check what out? you make it sound like ebay is giving us sooooo many ways to process payments LOL:noidea:

Re: Lets get a few things straight
 

I'm leaning towards establishing new made from scratch identities for myself with CPN's and whatnot. From what I've read online it's somewhat legal and not very hard to do. Always something I've wanted to get into, e-commerce or not.

Re: Lets get a few things straight
 

Not entirely true on the eBay name and bank account having to match. To be clear, the name that you give the payment PROCESSOR and the bank account has to match. If you have a stealth eBay account with a made up name, that's fine. The name that you use to sign up for managed payments has to match the bank account and of course that SSN will have to match. I actually LOVE this new payment system so far. No holds, daily payouts, if you have a refund to do it just gets subtracted. WAY better then PayPal's BS they were allowed to get away with for the past 20 years.

Re: Lets get a few things straight
 

If this is true why did eBay ask me to update bank account info as my name on eBay and bank did not match. I only had to add my middle initial. When I log into eBay prior it just had my first name. Now this has my middle initial as well. When I edited the info already provided to Ayden when signing up for managed payments I also uploaded bank statement to prove it was the same.
If name on eBay does not need to match then why would they ask me to edit it so they would match?

Re: Lets get a few things straight
 

Create more accounts, is only solution and unfortunately you're going to do things you never had to do before. You have to ask yourself, is it time to retire? Sell your home, downsize? These are all options coming up in the next few years on eBay. All things i am considering when managed payments is forced. Multi member LLC will not work. Hope you have a large family, and i really hope you're willing to deal with the headaches of them filing their taxes and paying the 1099k taxes on your earnings. And if you are forced to do things in ways you never had to do before... don't go over 20k on that ebay account.


I already combine all my stealth income and it's reported, sadly that won't cut it in 1-2 years with ebay. It's going to be complex, at the same time. Hopefully that makes prices increase.

Re: Lets get a few things straight
 

I mean other payment processors to use outside Ebay.
But if you must sell on Ebay,I agree,AYDEN looks like it will be the only game in town.
Is it the same now with AMZN Market place,do all third party sellers have to use AMZN ONE CLICK ,
There was a time if you have your own merchant account,you can skip One click.

Re: Lets get a few things straight
 

1.) Very easy and not at all grey never mind ID theft.
2.) Lets hope so.
3.) That depends. I have yet to be asked for more docs. I have accounts with miss matched names on banks with no problems and I have recently had a bank removed and they asked for a new bank that matched names. Still no doc requirement for me yet.

Re: Lets get a few things straight
 

buyers can still use Paypal to pay you,under AYDEN,but you would be receiving your proceeds from AYDEN,not Paypal .
Some sellers do not have bank account or they dont want AYDEN to deposit to their bank accounts,so Paypal is working on a way to give Paypal members a routing number and account number so we can use it to receive AYden deposits.
so far we have heard nothing.

Re: Lets get a few things straight
 

We are moving back towards less and bigger accounts. It seems we have less and less competition now. Less hack sellers. Less chinese sellers in our market. All this means less throttling.

What people are missing is that EBAY and ADYEN are not collecting the same information. Ebay really is not getting or using your SS number and Adyen does not care as long as EBAY is taking the risk.

Anyways, hack sellers, scammers, etc will have a much harder time. Big sellers, good sellers it will not be a problem and eliminate all the issues with paypal. Turn and burn sellers will get cycled out.

Re: Lets get a few things straight
 

I love how you keep saying paypal is working on a way. THEY AINT DOING DIDDLY. :amen:

Re: Lets get a few things straight
 

I know,Paypal is not a bank in USA,how can it give each one of us a routing number and account number?
Unless they buy a commercial bank?dont know if that would work
Or it has a debit card which you can make deposit to,may be that can be used?
that card cost 4.95 a month
I dont work for Paypal.

Re: Lets get a few things straight
 

I was wrong on the part of the name on your eBay account and bank having to match, once you hit a threshold it will flag you. The good thing is that it automatically changes your registered info to what you gave AYDEN so you click update and then you are good. Unless you had the same name and address in the past I don't think it is linking you to old accounts unless ALL of the new info matches the last one which is rare. At this point MP is working out great.

Re: Lets get a few things straight
 

I responded to your PM the other day, i guess i missed it in a rush from awhile back. If you get a chance check it out :)

Re: Lets get a few things straight
 

What has been my experience on 2 MP accounts is that around 4500.00 in sales the account is flagged for mismatching names with the bank account.

Re: Lets get a few things straight
 

who is complaining?
bank or MP?

Re: Lets get a few things straight
 

About your paypal isnt a bank, hell they may aswell be already hot daamn. I mean ssn for everything. Payoneer isnt a bank...and they offer routing and account number from just giving them ssn. So maybe paypal can go that route?
either way i do believe paypal will hurt. because yes some sellers want that money in there paypal to buy stuff etc oh and wait doesnt ebay get money if someone uses there paypal to buy something?

Re: Lets get a few things straight
 

MP is asking for me to update my info to match my bank's information or send a statement.

Re: Lets get a few things straight
 

so $4500 is the threshold. Nice to know. LOL

Re: Lets get a few things straight
 

I wanna be part of the MP club so bad.

However not one of my 21 Ebay accounts have been invited.

Re: Lets get a few things straight
 

So what are you saying? You can use your real info for management payments and still have stealth name? I don’t understand? If you give social and it’s actually cross checked, it would be a clear red flag for eBay that the names don’t match??

Re: Lets get a few things straight
 

But if you use a business account then the name reported is only the business name. They should not be able to see a persons name or co-signer on the account it should only show the business entity therefore no mismatch.

Re: Lets get a few things straight
 

I deffo need this answering in depth haha

Re: Lets get a few things straight
 

I do believe if it's a business account and using business name an ein is used and they ask for an owner name and social security number.
At 4000 I had to update info as my bank account and eBay account was not matching. I had to add my middle initial as it was on bank but not eBay. I also uploaded bank statement. Just not having middle initial on one and nit the other flagged my account for me to fix it so they both matched. Bank statement was asked for if the current name on eBay and bank was correct. I edited it and added middle initial. I went ahead and uploaded bank statement at that time as well. Everything was cleared through in just a couple of hours and was good to go once again

Re: Lets get a few things straight
 

1. I signed up with an EIN and ⊗⊗⊗⊗ last 4 of social with no problems.

2. Not sure. I decided not to risk it and opened a businesses account with an LLC.

There is a government imposed limit on active accounts where they want to verify the checking account. I don't know how much that is but it's easy to do with a business account. When you set up your business account have them give you checks with your stealth address on them (they will still send your statements to your actual address) then just send Ayden a voided check. Super easy.