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I am not comfortable sharing my banking information. Can money from items sold be put on gift card?
I'm not comfortable giving my banking information to ebay to recieve payment.
Would ebay put the balance owed to me on a gift card? Are there any other options to receive payments I'm owed outside of sharing my banking information?
5 comments
judybegehr
OP2 years agoThank you. Do you by chance know how long payments are typically held before they're sent to state's unclaimed property?
shipscript
·2 years ago@judybegehr
The process is called "escheatment" and it varies by state. Here in California, as in many other states, unclaimed property must be turned over to the state after 3 years.
The escheatment period for individual states can be found here:
https://unclaimed.org/state-reporting/
judybegehr
OP2 years agothank you!!
comics-scifi-collectibles
Mentor2 years ago@judybegehr A linked checking account is the only way to receive payouts. This is the way most online venues pay sellers now.
You can secure your account with an authenticator App, it's the most secure method.
See this page for your options>
https://www.ebay.com/help/account/protecting-account/tips-keeping-ebay-account-secure?id=4872&st=3&pos=1&query=Tips%20for%20keeping%20your%20eBay%20account%20secure&intent=secure&lucenceai=lucenceai&docId=HELP1531
disneyshopper
Mentor2 years agoNo. You must submit your checking account information, along with your SSN, in order to be paid for sales made on ebay. If you refuse, any payments received from buyers will be held and eventually sent to your state's unclaimed property, which you can then claim by providing identification.
This is part of the government's Know Your Customer mandate.
KYC means Know Your Customer and sometimes Know Your Client. KYC or KYC check is the mandatory process of identifying and verifying the client's identity when opening an account and periodically over time.
What are the main elements of KYC? All effective KYC regimes are made up of three key components: identity verification, customer due diligence, and ongoing (automated) monitoring.