For all eBay sellers who have been forced to give Ebay a full bank statement.

[oatey9000]

For all Sellers that have been forced to give eBay your full bank statement: It is understandable in a dystopian capitalist sense that some person in the upper echelons of eBay has decided to monetize the eBay user base. They have concocted an excuse about having to “verify” your bank account which does not hold up with just a very cursory examination. There is NOTHING in any bank statement that helps “verify” an account. A tax return, for instance, would be a far more appropriate document, but it would be of no value to eBay’s actual intentions. What is very valuable in your bank statement is what you buy, what services you use etc.. If you bought something from Company A, eBay intends to sell that information to Company A’s competitors. eBay has invested very heavily in AI, it is essentially what is running eBay. AI can very easily analyze statements and run an automated service that supplies user financial transactions that are completely external to eBay that companies can use to go after their competitors customers. This is even reflected in the eBay EULA where eBay reserves the right to provide your financial information to “Third Parties”. These actions that eBay has undertaken are a direct violation of various Federal laws. For those of you who have given eBay a full bank statement all I ask is that you document any advertising or marketing directed at you that is clearly derived from your banking transactions. This may not occur for months, but it will. There will come a point where financial regulators and the DOJ will be able to use this evidence. eBay must be held to account.

[oatey9000]

Sections 9, 12, and 14 for starters, there is much more on other docs, I will post that too.

https://www.ebay.com/help/policies/member-behaviour-policies/user-agreement?id=4259

[oatey9000]

Sections 9, 12, and 14.. and thats just for starters..

https://www.ebay.com/help/policies/member-behaviour-policies/user-agreement?id=4259

[mam98031]

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@oatey9000 wrote:

Ebay is not only keeping my money to try to strong arm me into capitulating, but they are continuing to charge me the monthly fee for my ebay store even though I cannot use it and am having to respond to buyers that I cannot sell anything to them, and of course they deduct the ebay store fee from the money they are holding. I have asked ebay to cancel my account, cancel my ebay store.. they have made it clear that they have no intention of doing that.

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No that isn't what they are doing.  I know it feels that way, but it isn't.  They have a procedure.  Right, wrong or indifferent, they have a procedure they follow.  The people processing this information have NO POWER to change the system for you, nor would anyone above them.  Changes in MP have to go through a committee of sorts.  It takes quite a bit of time and has to be signed off by many.

As long as you have your store open they are legitimately have you pay for that store.  CLOSE IT.  Go to your Subscriptions and close it.  You do not need Ebay to do that for you.

Door 1:  Give them the info they want.

Door 2:  Don't give them the information and continue as you are right now.

Door 3:  Open a new Checking account and attach that to your MP account.

If you are determined to make Ebay see it your way, you will be extremely upset, disappointed and waste months if not years.  Just make a choice and live with it.

[mam98031]

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@oatey9000 wrote:

Sections 9, 12, and 14 for starters, there is much more on other docs, I will post that too.

https://www.ebay.com/help/policies/member-behaviour-policies/user-agreement?id=4259

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You still have never answered what info you feel they get from the transactions on your bank statement that someone else might find useful or important enough to pay for?

[oatey9000]

I cannot close my store and end my listings because my account is restricted, ebay has clearly stated that they will not close my store and they continue to deduct my store fees from the money they are holding.

[mam98031]

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@oatey9000 wrote:

I cannot close my store and end my listings because my account is restricted, ebay has clearly stated that they will not close my store and they continue to deduct my store fees from the money they are holding.

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Have YOU tried to close your store?  

1. Go to My eBay > Account > Selling > Subscriptions page.
2. Find your active Store subscription and select Cancel subscription. The Subscription End Date you can see in the same section.

[oatey9000]

I have been an ebay member for over 15 years, same bank account, same address, same email, same phone#. I never have ANY large transactions and months go by where I do not sell anything. in a good year I might sell a total of $2000. The money laundering thing is being used as a smokescreen to monetize the ebay membership. There is no information whatsoever on my bank statement that would help verify anything.

[oatey9000]

My apologies, Ebay holding my money and refusing to cancel my account and my store while they continue to deduct my ebay monthly store fees from the money they are holding is indefensible. I have more respect for a mugger who sticks a gun in my face to try to take my wallet. At least the mugger is being honest and not trying to convince me that he needs to verify who I am because I might be a money launderer... even though my ebay transactions are typically less than $2k a year. Ebay should give me the Worst Money Launderer of the Century Award.

[oatey9000]

So if you CC is not attached to your bank then it does not show in your statement, it shows in mine. As far as eBays intentions with regard to your financial date, read 9, 12, and 14. And thats just the tip of the iceberg..

https://www.ebay.com/help/policies/member-behaviour-policies/user-agreement?id=4259

I just want out at this point I will never buy or sell anything on eBay ever again. Unfortunately they want to play this all the way to the end.. ok, so be it.

[oatey9000]

Unfortunately since my account is on restriction I cannot do anything in my store, I cannot cancel my store, I cannot cancel my ebay account. To make matters even worse, they are deducting my store fees from the money they are holding. This is more of the strong arming.. lord knows they do not need the money. I have had many conversations about this with ebay and they are completely intransigent on the issue.

[oatey9000]

Everything I buy online, every store I go to, every restaurant, who I have my car insurance with, my health insurance, mortgage payments, what brokerage houses I use, concerts I go to, airlines I fly on, every everything. It is all fungible. Unfortunately my CCs are tied to my bank so every transaction is in my statement, which for accounting purposes is great.. but not great in this situation. The other issue is that the companies that buy the first round of data will defray the costs by reselling the data, and after a few iterations of that your data is available to anyone who knows how to obtain it through the same data brokers that sell stolen CC numbers. The world can be an ugly place. I speak from experience. I work in a very related field, I am keenly aware of the verification processes used in the US and internationally. None of them rely on or request low money transaction statements for verification purposes. A tax return has far more value for verification.. but very little if any data that is fungible.

[mam98031]

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@oatey9000 wrote:

I have been an ebay member for over 15 years, same bank account, same address, same email, same phone#. I never have ANY large transactions and months go by where I do not sell anything. in a good year I might sell a total of $2000. The money laundering thing is being used as a smokescreen to monetize the ebay membership. There is no information whatsoever on my bank statement that would help verify anything.

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I'll try this one more time.  Ebay is REQUIRED by this "money laundering thing" AKA Anti Money Laundering LAW to verify your identity in a certain way.  How long you have been on Ebay does NOT matter, it does not play any part in this at all no matter how many times you state it.

IDK why they want details on the bank statement.

So you can fight this all you want, it will get you no where except more frustrated.  Ebay has to do things as they are REQUIRED by LAW to do whether you like it or approve of it.  They aren't about to risk sanctions to allow you to do it your way.

[mam98031]

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@oatey9000 wrote:

Unfortunately since my account is on restriction I cannot do anything in my store, I cannot cancel my store, I cannot cancel my ebay account. To make matters even worse, they are deducting my store fees from the money they are holding. This is more of the strong arming.. lord knows they do not need the money. I have had many conversations about this with ebay and they are completely intransigent on the issue.

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Because you have tried or because you were told you couldn't?

No one can immediately close their account.  I explained that in a previous post.

Typically when an account has a hold on it, it only prevents you from editing your listings by directly going into the listing.  But you should be able to use the Seller Hub to close them.  Have you tried?

[mam98031]

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@oatey9000 wrote:

So if you CC is not attached to your bank then it does not show in your statement, it shows in mine. As far as eBays intentions with regard to your financial date, read 9, 12, and 14. And thats just the tip of the iceberg..

https://www.ebay.com/help/policies/member-behaviour-policies/user-agreement?id=4259

I just want out at this point I will never buy or sell anything on eBay ever again. Unfortunately they want to play this all the way to the end.. ok, so be it.

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You are saying that your Credit Card [CC] purchases show on your bank statement???  I think there is a misunderstanding here.  It is likely you are confusing your CC with your Debit Card.  A Debit Card is NOT a CC.  A Debit Card pulls from the funds in your checking account ONLY.  As long as there is money in your checking account, you can use your DC.  It is simply an easier way of writing a check.

[mam98031]

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@oatey9000 wrote:

Everything I buy online, every store I go to, every restaurant, who I have my car insurance with, my health insurance, mortgage payments, what brokerage houses I use, concerts I go to, airlines I fly on, every everything. It is all fungible. Unfortunately my CCs are tied to my bank so every transaction is in my statement, which for accounting purposes is great.. but not great in this situation. The other issue is that the companies that buy the first round of data will defray the costs by reselling the data, and after a few iterations of that your data is available to anyone who knows how to obtain it through the same data brokers that sell stolen CC numbers. The world can be an ugly place. I speak from experience. I work in a very related field, I am keenly aware of the verification processes used in the US and internationally. None of them rely on or request low money transaction statements for verification purposes. A tax return has far more value for verification.. but very little if any data that is fungible.

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Again, I think you are confusing a Credit Card with a Debit Card.