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sunfirecards
05-29-2020, 01:37 PM
Man wtf is eBay doing?! This company is run by complete morons. What changes are you making as an eBay seller? I don't even understand this.

https://pages.ebay.com/seller-center/service-and-payments/managed-payments-on-ebay.html
letch77
05-29-2020, 01:39 PM
Please explain...
sunfirecards
05-29-2020, 01:42 PM
Please explain...

I posted the link. You should have received an email about it from eBay.
Astros19
05-29-2020, 02:13 PM
I posted the link. You should have received an email about it from eBay.Its not as bad as it seems.
There's a couple of posts in this section concerning it. Give them a read. My main take is that Paypal is now a useless middleman.

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chezball
05-29-2020, 02:28 PM
I'm dreading this change
shrevecity
05-29-2020, 02:50 PM
Man wtf is eBay doing?! This company is run by complete morons. What changes are you making as an eBay seller? I don't even understand this.

https://pages.ebay.com/seller-center/service-and-payments/managed-payments-on-ebay.html

Nothing new and was announced in 2018. Why is this such a shocker? The transition sucks, but I have been in it for right around a year now and I would not go back for anything.
tbc
05-29-2020, 04:48 PM
I can't wait to be in managed payments. I spend all of my time with Paypal in restricted status because I've started selling high dollar items and they're constantly harassing me and locking up my funds.
natbornkiller
05-29-2020, 06:05 PM
can you have 2+ bank accounts on manage payments ?
shrevecity
05-29-2020, 08:00 PM
can you have 2+ bank accounts on manage payments ?

As far as I know its one Bank account per Ebay account.
Astros19
05-30-2020, 01:22 PM
Just set up a separate account for Ebay if that would make it easier.

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shrevecity
05-30-2020, 02:08 PM
Just set up a separate account for Ebay if that would make it easier.

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Thats what I did years ago with Paypal so I use that bank account, then I just transfer money to my main account from it if I need to.
sunfirecards
05-30-2020, 02:11 PM
Thats what I did, then I just transfer money to my main account from it if I need to.


Are you setup as a business? How do you manage/track that for when tax season rolls around?


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shrevecity
05-30-2020, 02:24 PM
Are you setup as a business? How do you manage/track that for when tax season rolls around?


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Do it the same way I did before the change. My Paypal bank account was always separate from my personal so in this case all I did was add it as my MP account. Really did not set up a new account just used a secondary one I already had.

In many ways the bookkeeping is easier all your fees and income is in one place now where with Paypal it was spread among both sites.Either way your other expenses have to be tracked outside so nothing changes there either.