Forcing me to upload photo ID and bank statements, I've had enough

[2thache93]

I've had the same ebay account for close to 20 years with a stellar track record.  Over the last couple years, ebay has forced changes on me based on their pay-in / pay-out structure.  Fine, I've gone along with it.

Now they are asking for photo ID and a bank statement or they won't allow pay-outs on my account.

I don't know about you all, but I'm not trusting this large an organization (a breach risk) with my private information when it's completely unnecessary.  I'm not taking out a business loan here or refinancing my house.  There is no need for ebay to have this information.

I'm not sending any of this.  I'll just do what I need to do elsewhere.  I can do most of this on Amazon anyway.

Ridiculous.

[kaycee0101]

 By the way, there is a worldwide class action arbitration against PayPal now for not releasing funds and demanding sensitive information.  Totalitarianism at its best. We have the power to stick together and say no. Exercise it.

[mam98031]

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@kaycee0101 wrote:

You are partially correct. The law requires EBay to supply an IRS form to you on any sale made above 600.00. It is up to you if you want to agree to give your sensitive info to them.  You have the choice.

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@kaycee0101 

This goes way beyond just the need for a form that IRS requires.  Because Ebay is now our Money Processor they have FEDERAL laws the MUST comply with.  I was correct in everything I said in that other post.  It may be stuff you aren't aware of, but correct nonetheless.

Here are just some of the stuff Ebay has no choice but to comply with now.

https://www.fdic.gov/regulations/laws/rules/8000-1600.html#fdic8000fra1020.220

https://www.protiviti.com/sites/default/files/guide-to-us-aml-requirements-6thedition-protiviti_sec_...

[mam98031]

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@kaycee0101 wrote:

 By the way, there is a worldwide class action arbitration against PayPal now for not releasing funds and demanding sensitive information.  Totalitarianism at its best. We have the power to stick together and say no. Exercise it.

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Great, so they got an attorney to take a case against a company for complying with FEDERAL laws.  If you are talking about bank account info, SSN, picture ID, etc.  Read through the links I gave you in my previous post.

I did try to find more info on the lawsuit you reference.  I found others, but not one you described.  Do you happen to have a link to it.  I'd like to read more.

[kh-vince]

Hi everyone,

Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread if you wish to continue to discuss this topic.

Thank you for understanding.