Ebay managed payments (Australia) Opt out or alternative payment options to bank deposit

[31flavours]

Ebay Australia's switch over to managed payments (for my business) is a major impediment not a benefit.

I am a seller who uses my paypal funds received from sales (on a near daily basis) to send payments across the globe primarily for business.

Under the new Ebay managed payments, I will now have to wait up to 2+ business days to now have my sales funds deposited into my bank account from Ebay (maybe another business day before the inefficient banks here process the payment) & then will have to process another transfer back to Paypal (Another 5+ business days) - I now have no other option around this after numerous chats/calls to Ebay customer service/accounts trying to opt out of managed payments or seek an alternative. The current system works well for me, even if I have to pay a higher cost.

As a seller, I personally couldn't care less about Paypal's spin off from Ebay & the 'business rift' that has developed between the two but there has to been an alternative (Hyperwallet etc) or some businesses will suffer from this narrow minded approach & could potentially leave the platform - is this in Ebay's interest?

[k1ooo-slr-sales]

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@imastawka wrote:

This is a public forum.   You have posted the same reply 3 times so far.

Did you even read the good advice given by k1ooo-slr-sales in the post prior to yours?

Set up a dedicated bank account just for ebay.

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thanks stawka.

@electric-dreamz, make sure the separate account is a savings account with a debit card attached, and doesn’t have an overdraw capacity.

A pretty simple and basic solution when partnered with digi’s two-factor identification for accessing online.  No need to risk the house!

[boy_cee]

HI, I hear your issues and also the fact that all that info can be used for Identity Theft - too easy. I'm out. Note also if you partially sign up like change you mind once you have to provide photo id you loos any incoming funds to  a government thingy called  escheatment process of lost and unclaimed money. Great eh!