mam98031 • Volunteer Community Member • Buyer/Seller since 1999
@psycheme wrote:All true you now need to give ebay bank and SS# info to sell items. If not they will most likely block you from selling Yes new fees are 12.55% plus they now collect fees from the bank transaction I believe about 3%.
Hows that for ebay helping sellers. Not giving them my info.
I have posted to other posts of yours on different threads or threads. MP is NOT requiring the full SSN any longer. They only require the last four digits of the SSN. See the link below where Ebay confirms this.
You are absolutely INCORRECT about the fees. For a non store owner, in most categories the fee is 12.55%. There is NOT an additional fee for a bank transaction. There is NO SUCH FEE charged to the seller.
@psycheme wrote:Also spoke to a friend seller he is now waiting 5 days already to be paid to his checking account. And who id the 3rd party running the transfer of funds? I've been told out of Amsterdam. Hope that is false info.
You seem to run with information from people that may or may not be sharing the entire situation or truth of the matter.
Ebay hired Adyen, a Dutch owned company, to be the payment processor for their payment program. Adyen has a proven track record of being a good money processor. It seems you are suggesting that our money leaves the country, which is highly unlikely that would be happening as it would serve no purpose whatsoever.
Because Adyen is a foreign company doesn't mean they don't have to abide by the rules and laws of the US. They most certainly do in order to do business here. And Adyen has offices in the USA as well. Their main office is in San Francisco CA.
As has been explained to you a couple of times at least. It takes 1-2 days for a pending payment to clear. Then it moves to Available for Transfer. That money will then transfer on the next available BUSINESS day if the seller is signed up for Daily deposits. Or the next available Tuesday if they are set up for Weekly transfers.
IDK if your seller friend does daily or weekly transfers, that would be a piece of information you would need as well as when the payment or payments were received. If the payments were received on Thursday, if they took 2 days to clear, that would be today which is Saturday. Tomorrow is Sunday which isn't a business day. So it is likely your friends money will transfer on time Monday or Tuesday depending on what their deposit schedule is.
You have been all over a few threads sharing information that is inaccurate. I have provided you with links, Ebay links to explain this stuff to you, yet you continue.
Bad information does not help anyone and can hurt some if they take what you say and run with it. This is peoples finances you are messing with. It is important that everyone gets the correct information so they can make the best INFORMED decision possible for themselves regarding whether they want to enter MP or not.
If you have questions or concerns fine, no problem we can get you answers. If not me one of the other sellers that are knowledgeable on the program. But it is irresponsible to continue to post bad information that could cause distress, unnecessary stress for some.
Read through these. I know I've provided some of this to you before, but here is more info that I hope you will read and digest.
@max-list wrote:Thanks, that's what I was asking about if we'll get a 1099 for over $600. Good to know.
This was part of the latest Stimulus Package. It is slated to start for 2022, however that date is not yet firm and could change. Just for a little more clarity.
@max-list wrote:mam98031,
I re-read what you said and I was the one that got defensive. I didn't mean to jump down your neck. You're very knowledgeable and have answered many of my questions. I've learned a lot from you and I appreciate your help. I go to a lot of your links and they're great sources of info. To me It's irrelevant if you work for ebay or not. I know that you're trying to help.
Well thank you. But I'm just a seller like you. Nothing special and certainly not employed by Ebay. Some just like to throw that out there when the don't like what I've said.
Thank you again, glad I could help.
Please point out specifically what point I gave you are someone else the incorrect information on.
You find me helping other sellers as odd? Why is that? It is what the forums are for. It isn't just for venting and complaining, it is also for getting some help when you might otherwise be having a problem getting it. And somehow those that do come to the threads to lend a helping hand are somehow wrong for doing so? I find that a pretty strange outlook.
How you WISH the program to work is likely not the same has how it actually works. To understand the program and make an informed decision on whether to stay or go, it is in your best interest to understand how the program functions. But fine, have it your way. IDK if you stay or go. I only tried to give you the actual facts of how the program works so you can make an informed decision. I get it, you don't think an informed decision is necessary. Everyone has the right to run with whatever info they want to and base their decision on that. Trying to dismiss the messenger isn't going to be helpful on that quest.
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