Why was I asked to log on to my bank account to set up my ebay account?

[shodon_2501]

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.

[trelevn · Accepted solution]

You 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 · Accepted solution]

That is the micro deposit system, which can take a few days. The micro deposit is encoded with an automatic reversal, rather than a separate withdrawl transaction. The bank sign in method is virtually instant and for those worried about the security of this method, simply change password once verification is complete.

[shodon_2501 · Accepted solution]

I wish I had taken a screen shot of the page, would have made this eaiser. Anyway, thanks all for your help. I did not give any info

[sandypebbles · Accepted solution]

Have you signed up to Managed Payments and been verified to sell? Also the person who replied to you, who said see what happens etc, also neeeds to be signed up and verified. It has been in place over 5 years, no other option to be paid, which was agreed to when listing

[*casey* · Accepted solution]

And 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.