Author Topic: Ebay forcing sellers to use bank accounts from 31st May  (Read 938 times)

0 Members and 1 Guest are viewing this topic.

Offline phinix

  • Thread Starter
  • Posts: 1417
  • Location: Haggis Land
  • On a diet.. again.. don't ask...
Ebay forcing sellers to use bank accounts from 31st May
« on: Fri, 30 April 2021, 03:51:32 »
Apparently Ebay is forcing sellers to use bank accounts from 31st May. I just got email about it.
If you are a selling you need to connect your bank account to your ebay account in order to manage your sales.
They no longer going to use Paypal account as a form of payment destination - ebay will take off your selling fees straight away and will transfer you sale payment to your account in 2 working days.
Interesting...
I will have to open new bank account for this now, dont want to connect my live bank account to this crap...

How do you guys feel about this, fellow ebayers?
I'm not happy at all... :mad:
« Last Edit: Sun, 02 May 2021, 07:00:15 by phinix »
9100 | 3070 | 2x 1TB SSD | Z390 Aorus Pro ITX | 16GB RAM | SFX 600W | Sentry 2.0 | Ruark Audio MR1 Mark II | LG OLED 48CX
CM QuickFire Rapid MX Blacks Frosty Flake | Model M | Razer Pro Click
SA: Carbon, 7bit's R6 Symbiosis, Amber Screen Cherry: GMK Laser, OG caps MT3: Serika
::: Phinix Cube ::: Phinix Nano Tower ::: Phinix Aurora ::: Phinix Chimera ::: Phinix Retro :::

Online fohat.digs

  • * Elevated Elder
  • Posts: 6032
  • Location: 35°55'N, 83°53'W
  • weird funny old guy
Re: Ebay forcing sellers to use bank accounts from 13st May
« Reply #1 on: Fri, 30 April 2021, 07:20:05 »
That is abominable. They have not sent me anything about it, and they usually sent those things out with lots of notice.

I did notice, however, that when I got a refund a couple of weeks ago it went into my bank account rather than my Paypal account. It was only around $20 and I was busy so I didn't really think about it at the time.
“Right now, it’s basically the Titanic. We’re like, you know, in this in the middle of this slow sink, we have a band playing on the deck telling everybody it’s fine. And meanwhile, as I’ve said, you know, Donald Trump’s running around trying to find women’s clothing and get on the first lifeboat.”
“And I think there’s a few of us that are just saying ‘guys this is not good,’ not just for the future of the party, but this is not good for the future of this country.”
– Rep Adam Kinzinger R–IL 2021-05-09

Offline foxieze

  • Posts: 38
  • Location: Great Britain
  • i like code.
Re: Ebay forcing sellers to use bank accounts from 13st May
« Reply #2 on: Fri, 30 April 2021, 07:25:04 »
Yeah, I got an email about that too - I don't really care tbh. If I get my money, then I'm happy.

Online Findecanor

  • Posts: 4757
  • Location: Koriko
Re: Ebay forcing sellers to use bank accounts from 13st May
« Reply #3 on: Fri, 30 April 2021, 07:51:35 »
As long as it is only for money going into my bank account, and they never share my bank account details with anyone, I would be fine with it personally and maybe prefer that. But I still think it bad of them not to offer multiple options.

For private payments from buyers to sellers in continental Europe, bank transfer between bank accounts are otherwise very common. Private payments are required by EU-wide law to be free of any transaction fees.
While my salary account has the same number as my birth date/social security number (Sweden started using the SSN for everything a long time ago), I collect private payments to a savings account with a different number.

And BTW, if more people stopped using PayPal, I'd think that would only be a good thing. I have very little confidence in them these days.
Man must shape his tools lest they shape him
-- Arthur Miller

Offline foxieze

  • Posts: 38
  • Location: Great Britain
  • i like code.
Re: Ebay forcing sellers to use bank accounts from 13st May
« Reply #4 on: Fri, 30 April 2021, 08:56:50 »
And BTW, if more people stopped using PayPal, I'd think that would only be a good thing. I have very little confidence in them these days.

why? just interested, i've always been happy with paypal.

Offline phinix

  • Thread Starter
  • Posts: 1417
  • Location: Haggis Land
  • On a diet.. again.. don't ask...
Re: Ebay forcing sellers to use bank accounts from 13st May
« Reply #5 on: Fri, 30 April 2021, 09:14:51 »
I'm ok only if its one way transfer - to the account and make sure that ebay has no access to my account.
I dont know yet how that works, but hope this is it.

Imagine how many people now will be creating new bank accounts just for this - I'm one of them, as I dont want to use my current savings account for ebay
9100 | 3070 | 2x 1TB SSD | Z390 Aorus Pro ITX | 16GB RAM | SFX 600W | Sentry 2.0 | Ruark Audio MR1 Mark II | LG OLED 48CX
CM QuickFire Rapid MX Blacks Frosty Flake | Model M | Razer Pro Click
SA: Carbon, 7bit's R6 Symbiosis, Amber Screen Cherry: GMK Laser, OG caps MT3: Serika
::: Phinix Cube ::: Phinix Nano Tower ::: Phinix Aurora ::: Phinix Chimera ::: Phinix Retro :::

Offline foxieze

  • Posts: 38
  • Location: Great Britain
  • i like code.
Re: Ebay forcing sellers to use bank accounts from 13st May
« Reply #6 on: Fri, 30 April 2021, 09:51:22 »
They only asked for my account number and sort code, so it would be impossible for them to take money out of my accout.

Offline phinix

  • Thread Starter
  • Posts: 1417
  • Location: Haggis Land
  • On a diet.. again.. don't ask...
Re: Ebay forcing sellers to use bank accounts from 13st May
« Reply #7 on: Fri, 30 April 2021, 14:57:33 »
They only asked for my account number and sort code, so it would be impossible for them to take money out of my accout.

Cool.
I wonder how chargeback will work with this.
Like if someone would like to screw you over and after buying your item call his account being hacked and start chargeback...
9100 | 3070 | 2x 1TB SSD | Z390 Aorus Pro ITX | 16GB RAM | SFX 600W | Sentry 2.0 | Ruark Audio MR1 Mark II | LG OLED 48CX
CM QuickFire Rapid MX Blacks Frosty Flake | Model M | Razer Pro Click
SA: Carbon, 7bit's R6 Symbiosis, Amber Screen Cherry: GMK Laser, OG caps MT3: Serika
::: Phinix Cube ::: Phinix Nano Tower ::: Phinix Aurora ::: Phinix Chimera ::: Phinix Retro :::

Offline foxieze

  • Posts: 38
  • Location: Great Britain
  • i like code.
Re: Ebay forcing sellers to use bank accounts from 13st May
« Reply #8 on: Sat, 01 May 2021, 07:29:49 »
They only asked for my account number and sort code, so it would be impossible for them to take money out of my accout.

Cool.
I wonder how chargeback will work with this.
Like if someone would like to screw you over and after buying your item call his account being hacked and start chargeback...

i don't expect much would change and it would just be a very similar process to how they did it with paypal. i don't know how that is though, as never gone through something like that.

Online Findecanor

  • Posts: 4757
  • Location: Koriko
Re: Ebay forcing sellers to use bank accounts from 13st May
« Reply #9 on: Sat, 01 May 2021, 09:27:31 »
And BTW, if more people stopped using PayPal, I'd think that would only be a good thing. I have very little confidence in them these days.

why? just interested, i've always been happy with paypal.
I have also been happy with PayPal for a long time, but I've heard many horror stories throughout the years about people getting their accounts locked for all sorts of reasons.

Recently, they changed their login system to use 2FA to phone you and give you a one-time code when you want to log in ... but they failed to verify that the phone number worked before they started doing it.
I believe that I did enter my phone number correctly... However, there is a a mix-up with country code and area code, which means that I still can't log in.

Blaming Corona, they don't have any phone support ... Instead they smugly refer to their "help center" — which would require that I first log in.
And they now also want to charge customers a yearly fee if they don't use PayPal. These things together is beyond shameful.

Plus, they have got involved with Bitcoin — which is a crime against humanity.
« Last Edit: Sat, 01 May 2021, 09:33:35 by Findecanor »
Man must shape his tools lest they shape him
-- Arthur Miller

Offline Leslieann

  • * Elevated Elder
  • Posts: 3745
Re: Ebay forcing sellers to use bank accounts from 13st May
« Reply #10 on: Sat, 01 May 2021, 18:00:39 »
They only asked for my account number and sort code, so it would be impossible for them to take money out of my accout.
They absolutely can take money out.
Then how do you expect them to take out listing fees?
Novelkeys NK65AE w/62g Zilents/39g springs
More
62g Zilents/lubed/Novelkeys 39g springs, HK Gaming Thick PBT caps, Netdot Gen10 magnetic cable, pic
| Filco MJ2 L.E. Vortex Case, Jailhouse Blues, heavily customized
More
Vortex case squared up/blasted finish removed/custom feet/paint/winkey blockoff plate, HID Liberator, stainless steel universal plate, 3d printed adapters, Type C, Netdot Gen10 magnetic cable, foam sound dampened, HK Gaming Thick PBT caps (o-ringed), Cherry Jailhouse Blues w/lubed/clipped Cherry light springs, 40g actuation
| GMMK TKL
More
w/ Kailh Purple Pros/lubed/Novelkeys 39g springs, HK Gaming Thick PBT caps, Netdot Gen10 Magnetic cable
| PF65 3d printed 65% w/LCD and hot swap
More
Box Jades, Interchangeable trim, mini lcd, QMK, underglow, HK Gaming Thick PBT caps, O-rings, Netdot Gen10 magnetic cable, in progress link
| Magicforce 68
More
MF68 pcb, Outemu Blues, in progress
| YMDK75 Jail Housed Gateron Blues
More
J-spacers, YMDK Thick PBT, O-rings, SIP sockets
| KBT Race S L.E.
More
Ergo Clears, custom WASD caps
| Das Pro
More
Costar model with browns
| GH60
More
Cherry Blacks, custom 3d printed case
| Logitech Illumininated | IBM Model M (x2)

Offline phinix

  • Thread Starter
  • Posts: 1417
  • Location: Haggis Land
  • On a diet.. again.. don't ask...
Re: Ebay forcing sellers to use bank accounts from 13st May
« Reply #11 on: Sun, 02 May 2021, 07:02:08 »
They only asked for my account number and sort code, so it would be impossible for them to take money out of my accout.
They absolutely can take money out.
Then how do you expect them to take out listing fees?

No they don't.
They take selling fees from buyers payments before send them to you. Then listing fees you have to pay yourself.
At least this is how it sounds.
9100 | 3070 | 2x 1TB SSD | Z390 Aorus Pro ITX | 16GB RAM | SFX 600W | Sentry 2.0 | Ruark Audio MR1 Mark II | LG OLED 48CX
CM QuickFire Rapid MX Blacks Frosty Flake | Model M | Razer Pro Click
SA: Carbon, 7bit's R6 Symbiosis, Amber Screen Cherry: GMK Laser, OG caps MT3: Serika
::: Phinix Cube ::: Phinix Nano Tower ::: Phinix Aurora ::: Phinix Chimera ::: Phinix Retro :::

Offline noisyturtle

  • * Exalted Elder
  • Posts: 6151
  • comfortably numb
Re: Ebay forcing sellers to use bank accounts from 31st May
« Reply #12 on: Sun, 02 May 2021, 15:09:11 »
Never got this email or heard anything of the sort and am currently selling stuff on eBay. Seems sus they don't let all sellers know about this.

Offline phinix

  • Thread Starter
  • Posts: 1417
  • Location: Haggis Land
  • On a diet.. again.. don't ask...
Re: Ebay forcing sellers to use bank accounts from 31st May
« Reply #13 on: Sun, 02 May 2021, 15:40:35 »
Never got this email or heard anything of the sort and am currently selling stuff on eBay. Seems sus they don't let all sellers know about this.

I spoke with ebay support - they do that in intervals, so not all sellers will see it straight away.
9100 | 3070 | 2x 1TB SSD | Z390 Aorus Pro ITX | 16GB RAM | SFX 600W | Sentry 2.0 | Ruark Audio MR1 Mark II | LG OLED 48CX
CM QuickFire Rapid MX Blacks Frosty Flake | Model M | Razer Pro Click
SA: Carbon, 7bit's R6 Symbiosis, Amber Screen Cherry: GMK Laser, OG caps MT3: Serika
::: Phinix Cube ::: Phinix Nano Tower ::: Phinix Aurora ::: Phinix Chimera ::: Phinix Retro :::

Offline Sintpinty

  • Carbon Based Life Form
  • Posts: 1578
  • Location: A can of beans in the cupboard
  • She/they
    • My promotion link
Re: Ebay forcing sellers to use bank accounts from 31st May
« Reply #14 on: Tue, 04 May 2021, 21:27:53 »
Apparently Ebay is forcing sellers to use bank accounts from 31st May. I just got email about it.
If you are a selling you need to connect your bank account to your ebay account in order to manage your sales.
They no longer going to use Paypal account as a form of payment destination - ebay will take off your selling fees straight away and will transfer you sale payment to your account in 2 working days.
Interesting...
I will have to open new bank account for this now, dont want to connect my live bank account to this crap...

How do you guys feel about this, fellow ebayers?
I'm not happy at all... :mad:

People still gonna get away with it  :confused:

Offline suicidal_orange

  • * Global Moderator
  • Posts: 4236
  • Location: England
Re: Ebay forcing sellers to use bank accounts from 31st May
« Reply #15 on: Wed, 05 May 2021, 02:31:59 »
What I find strange is that they've added direct payment options too.  Why is this strange?  Because us old folk will remember when paypal was part of ebay and something (anti-monopoly law?) meant the companies had to be split.  If they couldn't do it all in one company then why can they now?  Unless they've bribed whoever to say that competing with yourself is OK?  Either way something fishy is going on.
120/100g linear Zealio R1  
GMK Hyperfuse
'Split everything' perfection  
MX Clear
SA Hack'd by Geeks     
EasyAVR mod

Offline phinix

  • Thread Starter
  • Posts: 1417
  • Location: Haggis Land
  • On a diet.. again.. don't ask...
Re: Ebay forcing sellers to use bank accounts from 31st May
« Reply #16 on: Wed, 05 May 2021, 03:06:10 »
Yeah, I was shoked gettign thsat email, almost as shocked as Bill Gates divorce.

I'm getting new bank account this weekend, just for that.
9100 | 3070 | 2x 1TB SSD | Z390 Aorus Pro ITX | 16GB RAM | SFX 600W | Sentry 2.0 | Ruark Audio MR1 Mark II | LG OLED 48CX
CM QuickFire Rapid MX Blacks Frosty Flake | Model M | Razer Pro Click
SA: Carbon, 7bit's R6 Symbiosis, Amber Screen Cherry: GMK Laser, OG caps MT3: Serika
::: Phinix Cube ::: Phinix Nano Tower ::: Phinix Aurora ::: Phinix Chimera ::: Phinix Retro :::

Offline Leslieann

  • * Elevated Elder
  • Posts: 3745
Re: Ebay forcing sellers to use bank accounts from 31st May
« Reply #17 on: Wed, 05 May 2021, 05:04:54 »
What I find strange is that they've added direct payment options too.  Why is this strange?  Because us old folk will remember when paypal was part of ebay and something (anti-monopoly law?) meant the companies had to be split.  If they couldn't do it all in one company then why can they now?  Unless they've bribed whoever to say that competing with yourself is OK?  Either way something fishy is going on.

Your bank account is much more tightly identified to you, with Pay Pal allowing payments using credit and debit cards it was prone to lots of abuse, hijacked accounts, one time credit cards, etc...  With Ebay connecting straight to your account you can't just use whatever was sitting in someone's Pay Pal account that you hacked and abscond with the goods.  If you manage to get into Ebay and use someone's account, now you have the bank to deal with as well and they don't like losing money.  When it went through Pay Pal banks could offload blame to Pay Pal, "they acted as the bank, let them deal with it".

Pay pal has been warned in the past they were acting too much like a bank, without banking protections, I'm guessing it finally came to bite them with all scalping and cons going around right now.
Novelkeys NK65AE w/62g Zilents/39g springs
More
62g Zilents/lubed/Novelkeys 39g springs, HK Gaming Thick PBT caps, Netdot Gen10 magnetic cable, pic
| Filco MJ2 L.E. Vortex Case, Jailhouse Blues, heavily customized
More
Vortex case squared up/blasted finish removed/custom feet/paint/winkey blockoff plate, HID Liberator, stainless steel universal plate, 3d printed adapters, Type C, Netdot Gen10 magnetic cable, foam sound dampened, HK Gaming Thick PBT caps (o-ringed), Cherry Jailhouse Blues w/lubed/clipped Cherry light springs, 40g actuation
| GMMK TKL
More
w/ Kailh Purple Pros/lubed/Novelkeys 39g springs, HK Gaming Thick PBT caps, Netdot Gen10 Magnetic cable
| PF65 3d printed 65% w/LCD and hot swap
More
Box Jades, Interchangeable trim, mini lcd, QMK, underglow, HK Gaming Thick PBT caps, O-rings, Netdot Gen10 magnetic cable, in progress link
| Magicforce 68
More
MF68 pcb, Outemu Blues, in progress
| YMDK75 Jail Housed Gateron Blues
More
J-spacers, YMDK Thick PBT, O-rings, SIP sockets
| KBT Race S L.E.
More
Ergo Clears, custom WASD caps
| Das Pro
More
Costar model with browns
| GH60
More
Cherry Blacks, custom 3d printed case
| Logitech Illumininated | IBM Model M (x2)

Offline phinix

  • Thread Starter
  • Posts: 1417
  • Location: Haggis Land
  • On a diet.. again.. don't ask...
Re: Ebay forcing sellers to use bank accounts from 31st May
« Reply #18 on: Wed, 05 May 2021, 05:18:02 »
What I find strange is that they've added direct payment options too.  Why is this strange?  Because us old folk will remember when paypal was part of ebay and something (anti-monopoly law?) meant the companies had to be split.  If they couldn't do it all in one company then why can they now?  Unless they've bribed whoever to say that competing with yourself is OK?  Either way something fishy is going on.

Your bank account is much more tightly identified to you, with Pay Pal allowing payments using credit and debit cards it was prone to lots of abuse, hijacked accounts, one time credit cards, etc...  With Ebay connecting straight to your account you can't just use whatever was sitting in someone's Pay Pal account that you hacked and abscond with the goods.  If you manage to get into Ebay and use someone's account, now you have the bank to deal with as well and they don't like losing money.  When it went through Pay Pal banks could offload blame to Pay Pal, "they acted as the bank, let them deal with it".

Pay pal has been warned in the past they were acting too much like a bank, without banking protections, I'm guessing it finally came to bite them with all scalping and cons going around right now.

So you're saying it should be safer with bank account in process?
I had few chanrgeback issues in the past, when some ******* bought something from me on ebay and once it was posted, they ran chargeback process saying their accounts were highjacked.
One once my proofing of postage saved me from losing money, but for some reason once it didn't.
9100 | 3070 | 2x 1TB SSD | Z390 Aorus Pro ITX | 16GB RAM | SFX 600W | Sentry 2.0 | Ruark Audio MR1 Mark II | LG OLED 48CX
CM QuickFire Rapid MX Blacks Frosty Flake | Model M | Razer Pro Click
SA: Carbon, 7bit's R6 Symbiosis, Amber Screen Cherry: GMK Laser, OG caps MT3: Serika
::: Phinix Cube ::: Phinix Nano Tower ::: Phinix Aurora ::: Phinix Chimera ::: Phinix Retro :::

Offline Leslieann

  • * Elevated Elder
  • Posts: 3745
Re: Ebay forcing sellers to use bank accounts from 31st May
« Reply #19 on: Wed, 05 May 2021, 06:21:27 »
Actually after what just happened, disregard all of that, you can still buy with pay Pal, you just can't get paid with it.

This will stop some fraud sellers, no point posting scam graphics cards, shoes, Playstations, etc. if you can't actually get the money, but why only protect one side of that transaction? Buyers are scamming on those as well so why only so why only protect one side of the transaction in this manner?  Taxes. Too many sellers were not reporting their income.
Novelkeys NK65AE w/62g Zilents/39g springs
More
62g Zilents/lubed/Novelkeys 39g springs, HK Gaming Thick PBT caps, Netdot Gen10 magnetic cable, pic
| Filco MJ2 L.E. Vortex Case, Jailhouse Blues, heavily customized
More
Vortex case squared up/blasted finish removed/custom feet/paint/winkey blockoff plate, HID Liberator, stainless steel universal plate, 3d printed adapters, Type C, Netdot Gen10 magnetic cable, foam sound dampened, HK Gaming Thick PBT caps (o-ringed), Cherry Jailhouse Blues w/lubed/clipped Cherry light springs, 40g actuation
| GMMK TKL
More
w/ Kailh Purple Pros/lubed/Novelkeys 39g springs, HK Gaming Thick PBT caps, Netdot Gen10 Magnetic cable
| PF65 3d printed 65% w/LCD and hot swap
More
Box Jades, Interchangeable trim, mini lcd, QMK, underglow, HK Gaming Thick PBT caps, O-rings, Netdot Gen10 magnetic cable, in progress link
| Magicforce 68
More
MF68 pcb, Outemu Blues, in progress
| YMDK75 Jail Housed Gateron Blues
More
J-spacers, YMDK Thick PBT, O-rings, SIP sockets
| KBT Race S L.E.
More
Ergo Clears, custom WASD caps
| Das Pro
More
Costar model with browns
| GH60
More
Cherry Blacks, custom 3d printed case
| Logitech Illumininated | IBM Model M (x2)

Offline Sniping

  • Posts: 834
  • Location: California
Re: Ebay forcing sellers to use bank accounts from 31st May
« Reply #20 on: Wed, 05 May 2021, 10:34:19 »
the bank account thing wasn't a big thing to me, but as far as i can tell they also raised the buy it now auction fees. it's 12.55% now and it's a considerable chunk of money. i sold something the other week for $780 and they ate over $100 of fees. pretty ridiculous.
the best keyboard is the one in front of you

Offline phinix

  • Thread Starter
  • Posts: 1417
  • Location: Haggis Land
  • On a diet.. again.. don't ask...
Re: Ebay forcing sellers to use bank accounts from 31st May
« Reply #21 on: Wed, 05 May 2021, 10:41:27 »
the bank account thing wasn't a big thing to me, but as far as i can tell they also raised the buy it now auction fees. it's 12.55% now and it's a considerable chunk of money. i sold something the other week for $780 and they ate over $100 of fees. pretty ridiculous.

No, its less actually - it was 10% for ebay + around 4.5% for Paypal so far. So its a bit less now with bank account.
Selling fees I mean.
9100 | 3070 | 2x 1TB SSD | Z390 Aorus Pro ITX | 16GB RAM | SFX 600W | Sentry 2.0 | Ruark Audio MR1 Mark II | LG OLED 48CX
CM QuickFire Rapid MX Blacks Frosty Flake | Model M | Razer Pro Click
SA: Carbon, 7bit's R6 Symbiosis, Amber Screen Cherry: GMK Laser, OG caps MT3: Serika
::: Phinix Cube ::: Phinix Nano Tower ::: Phinix Aurora ::: Phinix Chimera ::: Phinix Retro :::