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Done selling on eBay, they are demanding my social security number to sell

They are forcing everyone into what they call "Managed payments" that requires  you to give them bank account information and your social security number. Looks like I'll be selling here from now on. I know I gave it to PayPal years ago so they have it, but I'm done giving it out. I called and the rep told me they are legally required to have it in order for me to sell. That is a load of crap.
herman
jb840
2 posts
 
My issue with Ebay is that they do not disclose upfront as a seller your payment can be placed on a 21 day hold.
Ebay is not releasing my payment on PayPal for 21 days because of the brand,  they claim that Marantz has been prone to problems with the buying public. 
Although the buyer has left positive feedback they still want release the funds.
dill
2,451 posts
 
" I don’t sell much if anything on eBay. I find their fee structure too high. Add in the PayPal fee and it’s almost 20% to sell on Fleabay"

With eBay's managed payment system now I am at between 12% - 13%, I was at 14.5% with PayPal involved. With eBay's managed payment system, PayPal is no longer in the seller's loop.
dragon1952
181 posts
 
Paypal is where I keep my play money. I'm not opening a separate bank account to replace that so once Paypal is out of the loop so am I. BTW, I thought Ebay owned Paypal.
dill
2,451 posts
 
" BTW, I thought Ebay owned Paypal."
They did, however no longer. Their managed payment system has taken PayPal's place as the money collection vehicle for the seller. A buyer can still use PayPal, any credit card, Apple Pay and several other methods and then deposits it directly (in a few days) into your bank account. As an eBay buyer you can still use PayPal just as before.
uberwaltz's avatar
uberwaltz
13,381 posts
 
BTW, I thought Ebay owned Paypal.
Very old news on the "divorce", maybe 3 years ago now?
Very soon ebay will require ALL sellers to be using their managed payments so there is that to consider.
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