cancel
Showing results for 
Show  only  | Search instead for 
Did you mean: 

Trying to change linked bank

Been trying to change my bank that I have my account linked to and it won't go.  Spoke to someone at Ebay after more than a 2 hour wait for a call and she said that it is a bug in their system and it won't take the change.  Only help I got was to keep trying everyday and they would eventually get it fixed.  

 

Anyone else experienced this since going to managed payments?  Also, they won't accept a savings acct to be linked.  Only a checking acct.

Message 1 of 3
latest reply
2 REPLIES 2

Trying to change linked bank

No...you cannot link SAVINGS ACCOUNT.    Only checking account is allowed.  Below is everything I know about MANAGED PAYMENTS.

 

You will need to provide checking account routing# and social security# (for tax purposes).   Name must be EXACT MATCH on your checking account, social security and EBAY profile page.     If names don't match EXACTLY your application will be rejected and you will be required to provide additional information.


Because money no longer goes into your PayPal account....after you have been approved for MP you need to change SHIPPING LABELS and MONTHLY STATEMENT to Managed Payments. Next time you print label (go to bottom of page) and click on box to change to Managed Payments.  You need to also change Monthly Statement (listing fees) to Managed Payments.

 

With MANAGED PAYMENTS money is deposited into your CHECKING ACCOUNT 3-5 days after sale. EBAY deducts shipping costs & EBAY fees (whatever is leftover deposited in your CHECKING ACCOUNT).

 

MP is completely different from PayPal. With MP deposits are (net amount after shipping & fees deducted). Sometimes one sale will get processed faster than another (possible to get PAYOUT for Wednesday sale BEFORE sale made on Monday). PAYOUT will also lump together sales from different days. Can be very unpredictable and confusing.

Message 2 of 3
latest reply

Trying to change linked bank

I got all that.  Been on managed payments since August  I just need to change the bank acct that the money gets deposited to.  Will still be a checking account.  When I log into it from ebay it only shows that acct.  

 

Now back to my original issue, does anyone know when this issue will be resolved so I can move my account?  I already closed the checking account that is linked to ebay and need to establish the new one.

Message 3 of 3
latest reply