Why was I asked to log on to my bank account to set up my ebay account?
Summary: The discussion centers on concerns about eBay's use of Trustly to verify bank details during account setup for sellers. jim12l and *casey* express unease about providing internet banking login credentials to a third-party site. They highlight an alternative method by selecting 'bank not listed' to manually enter bank details instead. *casey* explains Trustly's role, emphasizing its use of encryption and explaining that it doesn't store banking credentials. They also suggest setting up a separate bank account for eBay transactions to enhance security.
I sold a camera and when I was asked to set up my acc, i was directed to a site to select my bank then asked to log on. By the way, i did not. Just seemed a bit strange.
9 comments
*casey*
·3 weeks ago · Edited"when I was asked to set up my acc, i was directed to a site to select my bank then asked to log on"
"You were right to refuse to give your banking logon details to a 3rd party site"
jim121 "Its crazy that Ebay would ask for my internet banking login. I'm not giving that to anyone!As trelevn posted; i selected 'bank not listed' and it then accepts my BSB and account number. Much better"
For any new sellers worried about using Trustly:
Trustly is an open banking partner used by eBay to securely verify your bank account details for seller payouts. It allows you to link your bank account without manually entering your bank account details.
Verification
When setting up Managed Payments as a seller, eBay may prompt you to log in to your bank using Trustly
Manual Alternative
If you are uncomfortable sharing your bank log in credentials with a third party, you do not have to use Trustly.
You can bypass by choosing " My bank is not listed" (even if it is) and manually inputting your bank account details
Security and Privacy
Encryption
Trustly uses bank level encryption and does not store your online banking username or password
Third Party Role
Trustly simply acts as a secure way to pass your bank account details to eBay for verification
Seller Tip
If you are hesitant to link your primary account, many sellers create a separate bank account dedicated exclusively to their eBay transactions
jim12l
·3 weeks agoIts crazy that Ebay would ask for my internet banking login. I'm not giving that to anyone!
As trelevn posted; i selected 'bank not listed' and it then accepts my BSB and account number. Much better.
trelevn
·1 year agoYou were right to refuse to give your banking logon details to a 3rd party site.
But you do want your money credited to your bank account.
WORKAROUND: Just click in the text box above the suggested banks.
It will ask if your bank isn't one listed, and allow you to enter just your BSB and account number.
Then it says it will credit and debit you a cent.
If they can debit my account just by knowing the account number I'm still worried.
See what happens...
If eBay really insists on this stupidity, bye bye from me.
gutterpunkz05
·1 year agoshodon_2501
OP1 year agosandypebbles
·1 year ago*casey*
·1 year agoAnd with no feedback left by the buyer (hopefully not a scammer ) or the seller yet, on the remote chance that the item was paid for as cash on pick up, you'll still need an account on file to pay your selling fees.
*casey*
·1 year agoAnd if you are registered to sell and signed up for managed payments
https://www.ebay.com.au/help/selling/getting-paid/registering-seller?id=4792&srsltid=AfmBOopIep1obc4FIfqK8rUfGM3SuHUxZPFqG8KbVDqbCShrIDeCyCa2
Make sure any payment for the camera is showing in your seller hub.
Have a look at this recent thread about a scammer purchasing a camera
https://community.ebay.com.au/t5/Selling-on-eBay/Hello-I-AM-new-to-selling-on-Ebay-and-want-to-know-if-this-email/qaq-p/2626780/jump-to/first-unread-message
sandypebbles
·1 year agoYou said you were asked to log into your bank account to set up your ebay account (which obviously you already have an eBay account)
Is that correct?
OR
Are you saying you did not sign up to Managed Payments and be verified to sell before selling? and you have been asked to sign up to Managed Payments now? (so that you can be paid)
Plus you need to be aware that a brand new seller selling a camera worth several hundred dollars is going to be a magnet for scammers