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.

[dq3141]

 

[bonjourami]

Good grief..glad we have popcorn.

[divwido]

Spare us, please.

[fashunu4eeuh]

If this were the case, that eBay is examining purchases on the document to enhance targeted advertising, then eBay would require all sellers to hand over their bank statements. 

[heckofagame]

It fascinates me that people will install any app on their phone and not mind that their personal info/pics are being collected, but providing verification for a bank account seems to be the limit. 

[fab_finds4u]

Who's in charge  of the Kool-Aid?

I'd like a shot of JB instead.

[itsjustasprain]

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@oatey9000 wrote:

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.

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Which laws are those exactly? Please be specific.

[lamber9347]

Hmmm, I opened a brand new checking account and that was the statement they asked for. Absolutely no transactions on there because it was a brand new account, yet they accepted it without hesitation. As a matter of fact there are many folks on this forum who did the same thing as I did.

So what info did eBay glean from our statements to sell to other third parties?.... 

[heckofagame]

Everyone is selling everything. I registered an LLC with the state and received an offer for check blanks for that LLC a couple of weeks later. LOL

[dq3141]

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@heckofagame wrote:

It fascinates me that people will install any app on their phone and not mind that their personal info/pics are being collected, but providing verification for a bank account seems to be the limit. 

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People carry those phones everywhere, and then think the government is injecting a microchip for tracking. At least they’re consistent.

[heckofagame]

Have you tried Skrewball? It's peanut butter whiskey.

[dq3141]

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@heckofagame wrote:

Have you tried Skrewball? It's peanut butter whiskey.

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That’s just wrong.

[heckofagame]

Every time someone posts a fire and brimstone alert about the 1099k, I take a shot. 

[dirk12955]

What's on a print out of my bank statement that isn't on a paper check?

eBay does not have my PIN

eBay does not know my security questions

There's never any money in the account anyway