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Chainfire

(17,757 posts)
Thu Aug 19, 2021, 01:00 PM Aug 2021

Said goodbye to selling on eBay

I have sold many (perhaps tens) of thousands of dollars on eBay over the years, and never resented their cut for managing the site. After several months of a hiatus in selling, I listed an item today to find out that I needed to re-register. I gritted my teeth about entering the last four of my SSN for them, but I completely balked when they wanted the ability to remove funds directly from my checking account. I don't worry so much about eBay, but if someone hacks them, then I could be screwed, blued and tattooed. And, no, I am not willing to open another checking account with just a few bucks just for eBay selling access. I guess all good things come to an end.

Access to withdraw funds directly from my checking account? Not just no, but Hell no.

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padfun

(1,801 posts)
2. I have to agree with that.
Thu Aug 19, 2021, 01:05 PM
Aug 2021

I went and checked my eBay and mine is tied to my credit card. Also has a link for PayPal (which is owned by eBay and DOES have access to my checking.)

EarnestPutz

(2,236 posts)
3. I just experienced the same thing. Ebay explains the change that you won't have to pay....
Thu Aug 19, 2021, 01:11 PM
Aug 2021

....the transaction fees to another party now, just to Ebay itself. Makes no sense, on face value, because, as you said, they own Paypal.

 

Chainfire

(17,757 posts)
5. That is still the way of buying on eBay
Thu Aug 19, 2021, 01:19 PM
Aug 2021

But but to sell, they want authorization to withdraw funds without prior approval. When you do a Pay-Pal transaction, you are involved directly in the process in real time, you know how much you are paying, when to whom and for what. To me, that is a big difference.

I am not willing to hire a team of Ivy League lawyers to review the contract on what, when and how much of my money that they could attach so that I could make an informed decision so it is bye-bye, it has been a good 20 so years.

Jacoby365

(452 posts)
4. I have been selling on Ebay for 20 years
Thu Aug 19, 2021, 01:17 PM
Aug 2021

and have turned it into a full-time job for the past 13 years. Ebay no longer owns PayPal, and they have their own payment system. I have set my Ebay account to have my sales income transferred directly to my bank account daily. So, I guess it isn't a bad thing? They take the fees directly out of the sales now, instead of billing once a month for the fees. I do miss PayPal, mainly for the easy business loans that were paid back with a percentage of each sale.

 

Chainfire

(17,757 posts)
6. If it was my livelihood, I would make allowances, but not for selling a few thousand bucks a year.
Thu Aug 19, 2021, 01:21 PM
Aug 2021

padfun

(1,801 posts)
7. Thanks for the info
Thu Aug 19, 2021, 01:21 PM
Aug 2021

I looked it up and yes, they no longer own PayPal.

Looks like change is in the air.

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