Is it compulsory to register for managed payments?

Do you have to register for managed payments or can you leave your store as is?

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Don't know the answer to your question, but:

I did sign up and have received numerous messages from eBay saying they cannot verify my bank account info.  Each email comes from an unmonitored email address.

I have no idea of the issue causing the problem.  Spent 15 minutes on their chat service to try and determine the issue but after just sitting on hold, with the normal (patronising) "I am looking into the problem" message I just cut the line.

Not going to bother now and the ball is in their court