Bank account details – why?

Hello everyone, why does ebay want my bank account details? What happened to link with PayPal? Is it still there? I don't wish to deposit my bank details with another company for no obvious reason.

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ebay are severing ties with paypal, all sellers are being moved over to managed payments:-

 

https://www.ebay.co.uk/help/selling/getting-paid/payouts-work-managed-payments-sellers?id=4814

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