Please Register for Managed Payments by December 31
I just got this email from eBay in my messages.
“Dear ********,
Managed payments is essential to enhancing the 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 of its marketplace sellers by 2021. Make sure you
register by
December 31, 2020 to ensure there’s no interruption to your account. Your account will be enabled starting January 2021.
Let’s get you registered in three simple steps:
1.
Verify your information
2.
Provide a checking account
3.
Don’t miss a beat and keep selling
Register now
During the registration process you can choose to add any checking account - whether existing or new. Please ensure that the name, address, and business information (if applicable) on your checking account matches the name and information on your eBay account.
Running your business is simpler when eBay manages your payments, and buyers have new ways to pay:
Simpler to sell
Checkout is more flexible, with an easier experience for buyers
Simpler to get paid
Funds are more accessible, with automatic payouts direct to your bank account
Simpler to manage
Operations run smoother, with simplified fees, integrated reporting and direct support
Once you register, nothing will change until eBay activates your account starting in January
. We will notify you of your activation date in advance, and will be sharing more information about the change, how it will benefit your business, and how to take full advantage of our simpler approach to payments.
For more information and answers to FAQs about managed payments, please visit the
eBay Seller Center
. Watch a short video on registration
here
, or find additional details on the Help Hub
here
. If you still have questions, you can request a call from one of our Payments team members there - we’re here for you.
Please
click here to register for managed payments
now.
*Please disregard this message if you have already registered for managed payments.*”
Ok so my question is, do I HAVE to register for managed payments by then? What will happen if I don’t? I’ve seen that people got that email back in July and they just kept selling correct?
I just wondering what the process is and what will happen if I don’t? I’m pretty upset this is my best account, not like super seller but fully stealth and 300+ positive feedback and I’ve been piecing out a toy train collection and now I’m worried I won’t be able to keep selling anymore.
Anyone have suggestions or comments on what has happened with them? Thanks!
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