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@shoppingbag* wrote:

Is it true that to sign up for managed payments, eBay demands heaps of personal information, and also we have to once again prove who we are and upload bank account details etc,etc. All of this personal informtion is then sent to a third party which eBay is then not responsible for. I would like to hear from those who have already signed up, as to whether this is true or not.

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You need to provide up-to-date ID for verification, and yes, they need your bank account details as that's where they deposit your funds (eventually!)