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26th November 2020, 20:38 | #1 |
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kuga Join Date: Mar 2018
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Paypal payments
Dont quite understand this I`ve just sold something on EBAY and now have to give Ebay my bank account details and sort code so that they can pay the money into this account direct , thereby bypassing Paypal ? I also give them the right to extract any monies and refunds to customers ! what !!!! I must be missing something I think ?
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26th November 2020, 20:41 | #2 | |
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MG ZS EV Join Date: Oct 2015
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Quote:
From what I've read Ebay was to stop using paypal for online payments this year. https://www.salehoo.com/blog/ebay-br...ff-with-paypal
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26th November 2020, 20:45 | #3 |
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Rover 75 Saloon & Tourer Join Date: Sep 2012
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we are still getting paypal payments for stuff we sell on ebay
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26th November 2020, 21:13 | #4 |
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kuga Join Date: Mar 2018
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Your payouts are on hold until you update your account details. Please update by 23 Dec, 2020 to avoid further restrictions. this on my home page now --nothing credited on my Paypal
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27th November 2020, 11:58 | #5 |
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Think it might be something to do with confirming your identity to conform with money laundering regulations.
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27th November 2020, 12:01 | #6 |
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PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee in exchange for benefits such as one-click transactions and password memory.
Established in 1998 as Confinity, PayPal had its initial public offering in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. In 2015, eBay spun off PayPal to eBay's shareholders. The company ranked 204th on the 2019 Fortune 500 of the largest United States corporations by revenue. So, eBay and PayPal are now 2 seperate companies . |
27th November 2020, 12:11 | #7 | |
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MG ZT CDTi Join Date: Jan 2014
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Quote:
Also.did the buyer pay with PayPal or another payment method? PayPal.are.who pay you, so they hold the account info, as I understood it regarding money laundering issues ...... if that payment was made by the seller via paypal. Sent from my SM-A600FN using Tapatalk
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27th November 2020, 12:14 | #8 | |
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Sent from my SM-A600FN using Tapatalk
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27th November 2020, 13:59 | #9 |
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kuga Join Date: Mar 2018
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As i read it Paypal is in use for purchases only --If you sell now your payment is handled by Ebay only , and paid directly into your current a/c , hence having to give them your bank details --which I am very loathe to do . Never been happy about my bank details held elsewhere with only lip service as security !
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27th November 2020, 17:31 | #10 | |
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Quote:
Kev |
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