01-02-2021 07:15 AM
how do I find out if I'm signed up for managed payments. I signed up but the app on my phone says I need to update my info. for managed payments?
01-02-2021 07:41 AM
Your listings indicate you haven't been transitioned to Managed Payments yet. Is there an indication of what info still needs to be updated? A link, maybe?
01-02-2021 07:47 AM
You are NOT signed up to MANAGED PAYMENTS. I just looked at your listings (when signed up you will see payment choice Gpay). MANAGED PAYMENTS is mandatory if you want to continue selling on EBAY. (This is the only payment system they use now).
With MANAGED PAYMENTS you need to open CHECKING ACCOUNT with EXACT NAME as shown on your EBAY profile page. Also need to provide SS#. Name must match exactly on both SS#, bank account, EBAY profile page (otherwise your application will be rejected and require additional proof.
With MANAGED PAYMENTS money get deposited directly into your CHECKING ACCOUNT (3-5 days after sale). MANAGED PAYMENTS deducts shipping & EBAY fees (they deposit whatever is leftover into your checking account).
Search MANAGED PAYMENTS in HELP section to sign up for MANAGED PAYMENTS.
01-02-2021 10:02 AM
There is a misconception that MP is mandatory for all sellers when they have stated all along it is for MOST sellers.
01-02-2021 10:10 AM
They have changed the message that shows up in the Payments tab in Seller Hub if you are not currently registered for Managed Payments. It used to say most sellers and now it says this:
We will email and notify you in My Messages on eBay when you can register to have eBay manage your payments. Ebay will require all sellers in the US to register for managed payments in 2021.
01-02-2021 10:34 AM
Sold my first item with the new payment system. Where do I now find the fees, payment, etc? Thank you.
01-02-2021 10:37 AM
@sew-lutions wrote:Sold my first item with the new payment system. Where do I now find the fees, payment, etc? Thank you.
Under the Payments tab in your Seller Hub.