08-07-2021 3:40 PM
Does anybody know how to stop ebay from constantly hounding for banking details? They do not need this infomration UNTIL I want to sell which I don't any time soon.
Why would any sane person give unneccessary banking details to a company that has major data leaks in the past?
Their emails read like common scams. "If you dont give us your banking details by xxxx you will lose the ability to sell." They are wording like if in the future you want to sell you won't be able to. I am pretty angry at this.
Well, all sellers are to be under eBay's Managed Payments this year. With 25 million sellers, the registrations are being sent out in batches, because as you can appreciate each and every one has to be properly verified and checked, so they are giving deadlines with the registration, that you have to give those bank details within that specified time, or yes, the current eBay account you have , will be closed.
Now, if you are worried about giving your current bank details that you are using, then nothing to stop you giving them a new current bank account, and use that specifically and solely to receive payouts from sales. Many members are happier doing this.
Should have expanded the above, apologies, to explain better and say your Selling account will be closed, you of course will still be able to buy.
Managed Payments is for sellers not buyers to complete those bank details for eBay.