Originally Posted by vigilantex69
(Post 1089975)
I literally just received this email.
“Managed payments supports an enhanced buying and selling experience on eBay, providing sellers one place to sell and get paid, and buyers more ways to pay. eBay will manage payments for most sellers in 2020, and your account, will be activated for managed payments starting late July. To ensure you are ready in advance of the change and that there are no interruptions to your business, you will need to register by July 15th, 2020.
Please click here to register for managed payments by July 15, 2020.
What does it mean to “register” my business?
Registration allows you to get your business ready early for managed payments. You can register in a few simple steps, including verifying your business information and providing a bank account. This information will allow us to send your payouts and comply with Anti-Money Laundering (AML) and know-your-customer obligations, which helps keep eBay a trusted marketplace. You will be able to track your registration progress on the Payments tab in Seller Hub.
What happens after I register?
Nothing will change on your account or how you manage your business on eBay until your account is activated for managed payments starting late July 2020. We will ensure you have access to all the detailed information you may need to be prepared before activation and you will be notified of your activation date well in advance. In order to learn more and start registration, please click here.
What are the benefits of eBay managing payments?
• More ways for buyers to pay: Buyers can pay with credit, debit and gift cards, PayPal, PayPal Credit, Apple Pay or Google Pay.
• One place to sell and get paid: You can access everything you need to sell and get paid, all on eBay: a single source for fees, customized reports, refunds, simplified protections, tax documentation, and dedicated support. If you use third-party tools, there should be no change in how you use those tools on managed payments.
• Streamlined operations: Payouts are regularly deposited to your bank account weekly or as soon as funds are available, based on your preference. Regardless of how the buyer pays, payouts are consistently available within two business days of an order confirmation. Pending payouts can also be used to pay for shipping labels, in addition to using a PayPal account. You can easily ship to international buyers with our Global Shipping Program (GSP).
• Simplified fees: Once activated for managed payments starting late July, you will pay only one final value fee1, consisting of a category-based percentage of the total amount of the sale, plus a fixed fee per order, with no third-party payments processing fees. Your final value fees will be automatically deducted from your sales proceeds, and the rest paid out to your bank account. Most sellers can expect to see overall savings2. For full fee details, click here.
We are notifying you because the eBay features and tools you use currently are fully supported in the managed payments experience - the new way business is done on eBay. By registering now, you will ensure that your business does not experience any disruptions when we enable accounts for managed payments starting late July 2020.
Please click here to register for managed payments by July 15, 2020.
For more information and frequently asked questions and answers on managed payments, please visit the eBay Seller Center. We’ll keep adding information, so remember to bookmark this page. You can find details about the registration process in the Help Hub here. And if you still have questions, you can request a call from one of our Payments team members there.
So....what does this mean? This is a LONG term eBay account from 2011. What will happen on July 15th?? Is this account toast? It has full stealth everything and PayPal, has an emigrant direct bank account. What should I do?? Like will the account be toast on July 15th?
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