topic Re: Bank Passwords in New to eBay

Bank Passwords

mistergmh-0 — Fri, 04 Jul 2025 00:55:11 GMT

I put a new item for sale for the first time and came to a page that requested my password for my Bank Account details. Surley this cant be correct as I would think if anyone would be stupid enough to do such a thing. Not being racist but the gentleman I spoke with had a strong indian accent and if you are unaware India has the title of the biggest scam producing country in the world. The ATO because of this does not have Indian sounding people on the phone anymore.

Re: Bank Passwords

sandypebbles — Fri, 04 Jul 2025 01:15:50 GMT

All sellers have to sign up for Managed Payments and be verified to sell

It has been the only option for sellers for over 5 years, and the only way you can be paid

What the person you spoke to 'sounded like' has nothing to do with anything

Assuming they *were* indeed from eBay that you phoned and not some random

You will need to remove the listing, since you will not get paid if the item sells

And read up on the selling basics

Including the part about there being a 30 day hold on funds for new sellers, the buyer having a QR code when they pick up the item, if you can even list it depending on the type of battery it has etc etc etc

Not a good idea to try to sell anything without knowing how things work

By the way, some choose to have a bank account specifically for Managed Payments alone

Is there no longer the 'micro deposits' option?

You are also required to provide photo ID such as a drivers license or passport, and the ID and bank account must be in the exact same name as your eBay account

Re: Bank Passwords

sandypebbles — Fri, 04 Jul 2025 01:21:08 GMT

Just to add, this is something the seller signs up to themselves and not through or via some dude over the phone

Re: Bank Passwords

gutterpunkz05 — Fri, 04 Jul 2025 03:06:20 GMT

Ebays customer service is contracted and operates out of India. As for verifying your bank account, there are other means available.

Re: Bank Passwords

countessalmirena — Fri, 04 Jul 2025 04:31:32 GMT

eBay’s Help page on registering as a new seller explains what you will need to do in order to sell and be paid on eBay.

https://www.ebay.com.au/help/selling/getting-paid/registering-seller?id=4792

You have two options for verifying your bank account: the login credentials method or the microdeposit method.

If using the login credentials method, I’d suggest changing your bank account password immediately afterwards. If you don’t want to change your password, use the microdeposit method. It takes a little longer to verify, but it does mitigate the risk of your password being intercepted by a malicious actor.

Re: Bank Passwords

redgodzilla — Sat, 23 Aug 2025 11:40:12 GMT

I had the same thing with the ebay app asking for my banking details including my password. There is no way I will ever give that out. I cancelled all the other things I'm selling. I don't think ebay can legally do that. And it's impossible to get any help on this. Ebay has my money and now I can't get it.

Re: Bank Passwords

redgodzilla — Sat, 23 Aug 2025 11:41:40 GMT

Someone would have to be mad to enter their banking passwords into ebay. Do you know nothing about cybersecurity?!?!

Re: Bank Passwords

lezned-toycollector — Sat, 23 Aug 2025 11:59:36 GMT

Yep, you'd be completely mad to take the necessary steps to access your funds. Best just leave it there for eBay to invest... that's the most sensible thing to do.

FYI, the micro deposit verification method DOESN'T require you to provide your password 😉

Re: Bank Passwords

davewil1964 — Sat, 23 Aug 2025 11:57:36 GMT

Read the many threads about Managed Payments.

The answers, ad nauseum, are there.

If you don't sign up you won't get your money.

Helps to read the T&Cs before you commit.

Re: Bank Passwords

*casey* — Sat, 23 Aug 2025 15:11:22 GMT

@redgodzilla wrote:

" And it's impossible to get any help on this"

Use the micro deposit verification

"Ebay has my money"

Is the payment showing in your seller hub as the item you sold is a target for scammers ?

"eBay has my money and now I can't get it"

Even when you're signed up for managed payments, as a new seller your payment will be on hold for up to 30 days

https://www.ebay.com.au/help/account/account-holds-restrictions-suspensions/account-holds-restrictions-suspensions?id=4190

Re: Bank Passwords

*casey* — Sat, 23 Aug 2025 15:19:41 GMT

Sorry , wrong link in my last post and too late to edit

Payments On Hold

https://www.ebay.com.au/help/selling/getting-paid/getting-paid-items-youve-sold/payments-hold?id=481...

Re: Bank Passwords

sandypebbles — Sat, 23 Aug 2025 16:36:02 GMT

Managed Payments have been in place for over 5 years, they apply to every single seller

Why would you list something, agree to the rules and then say you can’t get help?

There are literally hundreds of threads on the forum about it, plus all the information you ticked you had read and understood

And you are correct, you can’t get your money any other way

What about the buyer getting the item they paid for?

You would also have to be mad to list on eBay without knowing what you are doing

How did you expect you’d be paid?

You had the option to use micro deposits, as mentioned

Have you sent it as you were required to do?