Managed Payments - what if I have two paypal accounts and choose which one gets the money?

[knitinyourpants]

I'm selling a large collection on behalf of my child. Most of the payments go to a trust. I throw some my way to pay fees and keep the lights on esp in 2020. The goods are inherited. Right now I either pay myself or the trust depending on our needs. Will I still be able to do that somehow? Would I have to have two bank accounts in each name? I know the person in charge of the trust will NOT allow ebay access. I had a hard time getting him on board with a paypal account. If I take the money then send it to the trust then it will show as income for me but I won't really be keeping it. Not cool. So, there is not going to be an option I guess for situations like mine. 

What if the buyer defaults or the credit card was stolen etc. Will ebay pay if I've already shipped the item? I'd really like to understand that further. 

[kensgiftshop]

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@knitinyourpants wrote:

 Would I have to have two bank accounts in each name?

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No, you can only use one checking account and the name on Ebay and the bank account have to match.

[rebell45]

You will need to discuss those questions with a Trust or Tax attorney. You may want to consider an estate sale instead. There are companies that specialize in running estate sales that know how wills and trusts work.

[knitinyourpants]

an estate sale is an option especially now that I have moved the books to my home. It's a large collection of rare books. I was unable to find anyone to come buy them without a catalogue. If I'm going to catalogue and look up 2000 books I'm going to sell them for top dollar, not estate sale price and they are easy to sell really. I'm all set up for it now with photo equip, special boxes etc. I understand ebay wanting to offer their own payment plan, I don't understand doing away with paypal tho. 

[kensgiftshop]

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@knitinyourpants wrote:

I don't understand doing away with paypal tho. 

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The contract Ebay has with Pay Pal is about to expire and Pay Pal didn't want to sign another contract with Ebay.