topic Adding bank account gives ebay direct debit authority in Selling

Adding bank account gives ebay direct debit authority

blackgoose11 — Sun, 21 Feb 2021 12:30:48 GMT

Just fired up ebay app and saw the notice about changing payment setup. I went through the setup handing over more details to ebay until I got to the last step of adding my bank account so I can get paid. But in small print it says I am giving ebay direct debit authority to take money out of my account. Given they intent taking my sale payments and waiting two days before paying out and taking even more fees why would they need the ability to dip into my bank account? I have no interest in giving that level of access.

Re: Adding bank account gives ebay direct debit authority

lyndal1838 — Sun, 21 Feb 2021 12:49:49 GMT

Then you will not be able to sell on ebay.....simple really.

Re: Adding bank account gives ebay direct debit authority

davewil1964 — Sun, 21 Feb 2021 13:01:39 GMT

https://community.ebay.com.au/t5/Selling/the-roll-out-of-ebay-managed-payments/m-p/2390344#M207841

Re: Adding bank account gives ebay direct debit authority

danieh_6 — Sun, 21 Feb 2021 16:47:00 GMT

Hi mate, its for reimbursement for disputes, fees for sales are already taken out of the transaction prior to the money arriving in your bank. Some banks also offer blocking of certain merchants for withdrawing.

Re: Adding bank account gives ebay direct debit authority

harleyriabikerpatchesoz — Sun, 21 Feb 2021 20:50:20 GMT

So now we have to wait till the payment shows up in the bank account before sending the article? How does that help for those of us promising same day handling? It takes around 2 days for deposits to appear!

Re: Adding bank account gives ebay direct debit authority

curraone — Sun, 21 Feb 2021 21:25:43 GMT

@harleyriabikerpatchesoz wrote:
So now we have to wait till the payment shows up in the bank account before sending the article? How does that help for those of us promising same day handling? It takes around 2 days for deposits to appear!

No: you are still expected to post the item within your handling time.

Re: Adding bank account gives ebay direct debit authority

antman333 — Sun, 21 Feb 2021 21:47:23 GMT

Beware ; I’m got told this morning that $150 would be taken out of my bank account! For items sold over the weekend.

What the??

The buyers have paid, but that money hasn’t shown up?

eBay support have been useless.

Re: Adding bank account gives ebay direct debit authority

blackgoose11 — Sun, 21 Feb 2021 22:48:23 GMT

I have bad experiences with direct debit. My real estate agent forced everyone to give them direct debit access and one month they took out monthly rent 4 times in 1 week by admin error. Nearly $6000 which then took a week to get back. I never paid rent late but the new payment system was implemented to save them time supposedly.

Re: Adding bank account gives ebay direct debit authority

blackgoose11 — Sun, 21 Feb 2021 23:14:36 GMT

And another experience with direct debit from Vodafone. Direct debit was a condition of the contract but they suddenly started charging me for an additional phone. This went on for 6 months, every month I’d spend up to 40 minutes on the phone to a call center and they would reverse the charge and claim it was fixed. In the end it only stopped when my contract ended.

Re: Adding bank account gives ebay direct debit authority

harleyriabikerpatchesoz — Mon, 22 Feb 2021 00:43:56 GMT

I did try to find that out, but couldn't so my handling times will have to be changed and an extra note sent to buyers.

Re: Adding bank account gives ebay direct debit authority

wide-world-of-stamps — Mon, 22 Feb 2021 00:50:41 GMT

As curraone said, you still need to post within your handling time.

eBay considers the item paid for once they (or Adyen) receive the payment, even if they haven't remitted it yet, or it takes a couple of days to reach your bank account.

Re: Adding bank account gives ebay direct debit authority

curraone — Mon, 22 Feb 2021 00:55:38 GMT

In the end, it is just easier to roll with it, if we want to continue selling on ebay.

All it really means is that you should build up a cash flow - in paypal for example (because you can still pay for your labels with paypal) - so you can post your item without waiting for the money from ebay. It requires a small amount of trust, if they tell you they have the money, it is okay to post - and you will get your money in their own good time.

I don't know why the bigger sellers are struggling with this - it is only a matter of cash flow - and indeed, most people pay for postage labels in Aust Post by credit card. Then when you get the money, you remember to pay off your credit card.

And if cash flow is a problem, don't choose weekly payments, chose daily.

Re: Adding bank account gives ebay direct debit authority

blackgoose11 — Mon, 22 Feb 2021 01:15:08 GMT

Seems more like rolling over than rolling with. I only sell occasional stuff but I have been on the platform for a long time. I've watched ebay's fees grow and grow and grow, fees on postage, and this latest change increases fees yet again as well as exercising, in my opinion, overreach in requiring debit aithority on my private bank account.

Re: Adding bank account gives ebay direct debit authority

lyndal1838 — Mon, 22 Feb 2021 02:24:51 GMT

Well set up a new bank account completely separate from your everyday account.

Most banks have a fee free basic account that would do the job.

Re: Adding bank account gives ebay direct debit authority

blackgoose11 — Mon, 22 Feb 2021 02:48:34 GMT

Why would I want to set up another bank account so I can wait another two days to transfer to my real account. I'm not a shop, I just sell spare stuff every so often. I understand a lot of people are running businesses in which case you have no choice if you want to be on the platform. I'm not happy with the changes, and I was looking to guage community response. I got that, just not what I was expecting. For now I have just cancelled the few items I had for sale and I will offer them elsewhere. Maybe long term I will just give in as well and let ebay stick it's long arm where it is not welcome... or I'll look elsewhere.

Re: Adding bank account gives ebay direct debit authority

instylecollectables — Mon, 22 Feb 2021 02:55:24 GMT

Same banks are instant transfers and there's payID which is also instant.

And if you want to sell on ebay even a few items then you still need to register for MP.

Re: Adding bank account gives ebay direct debit authority

twyngwyn — Mon, 22 Feb 2021 02:59:07 GMT

https://www.ecommercebytes.com/C/abblog/blog.pl?/pl/2021/2/1613767297.html

Re: Adding bank account gives ebay direct debit authority

danieh_6 — Mon, 22 Feb 2021 03:04:17 GMT

@blackgoose11 wrote:
Why would I want to set up another bank account so I can wait another two days to transfer to my real account. I'm not a shop, I just sell spare stuff every so often. I understand a lot of people are running businesses in which case you have no choice if you want to be on the platform. I'm not happy with the changes, and I was looking to guage community response. I got that, just not what I was expecting. For now I have just cancelled the few items I had for sale and I will offer them elsewhere. Maybe long term I will just give in as well and let ebay stick it's long arm where it is not welcome... or I'll look elsewhere.

Mate, I'll just say thats a very fair point & you have my support.

Re: Adding bank account gives ebay direct debit authority

jellybirddesigns — Mon, 22 Feb 2021 03:32:15 GMT

Whilst you have to give your bank details anyway, I find the new system works fine. Money is deposited into my bank once a week.

Fees are taken out upfront so that anything that is sent to my bank is nett profit.

I have it set up so that any specific fees such as store subscription and promotional fees are deducted from my PP account and when that runs low, I can just top it up from my bank. If you don't have a store or use any promotions, then there is no reason for the new system to take anything from your bank at all.

Also, you will have to send out within your handling time. Once you are signed up you will notice that when sales come and they are paid for immediately, you will have a notice that tells you to post, even if the funds show up a day on the account a day or so later.

Of course, you can still adjust your handling time, but you don't need to give a sob story to the buyer. Mine is set to a minimum of 10 days due to the pandemic anyway.

Re: Adding bank account gives ebay direct debit authority

jellybirddesigns — Mon, 22 Feb 2021 03:37:11 GMT

Also, even with Paypal you would have had to give them your bank account details at some point.

All financial companies have to be regulated and Adyen is no exception.

If you give your bank details to Paypal, what's the difference in giving them to Adyen, who are the replacement company for Paypal?