I just opened my second shop yesterday. I gave them my passport number and banks details so they could deposit 2 micro transactions. Entered those amounts today and was up and running right away. Whole process took me 5 minutes and I'm busy listing like a lunatic.
Paypal required personal information when we reached a certain level of sales and most of us sellers also had to give them proof of ID at some point, so this is no different, it's just a new company which also has to comply with Aus government regulations.
Amazon does the same thing - in fact it's far more intrusive to open an account there compared to here, as they demand much, much more information, so I consider myself quite fortunate on this platform.
