Is it correct you need to update account for selling, now asking for banks details

[61stephenuk]

Yes it is correct,PayPal will no longer be used for sellers accepting payments(buyers can still use it to pay)

eBay are managing their own payments now you an find details 

https://sellercentre.ebay.co.uk/selling/managed-payments

https://www.ebay.co.uk/help/selling/getting-paid/introducing-managed-payments-ebay?id=4795