What happens if I don't register for managed payments?

I keep getting reminder messages to register for Managed Payments.  What happens if I don't register as I like the system the way it is?

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Even if you don't register for it you will be opted into it by late July or early August.

 

https://community.ebay.com.au/t5/Selling/the-roll-out-of-ebay-managed-payments/td-p/2313553/page/25