new managed payments

[dabscollectables]

With the new Managed Payments That Ebay is going to use can i still use PAYPAL as my account for my funds  or do i have to use another form of a checking account?

[buy_more_anything]

What is managed payments?

Managing payments enhances the buying and selling experience on eBay providing sellers with one place to sell and get paid and buyers more ways to pay. We’ve managed billions in payments for thousands of sellers since 2018. Sellers who have been identified as using eBay features and tools that are compatible with managed payments will continue to be notified to join in phases.

Please make sure you are signed up for emails from eBay. eBay now manages payments for most business sellers in the US, and all sellers will eventually be required to register for managed payments in order to sell on the marketplace.

eBay will work closely with sellers to ensure that the managed payments experience reflects their needs as we continue to enable accounts for managed payments.

Stay up-to-date here at the Seller Center, by searching eBay Help pages, or by asking questions through the Community.

Simpler to sell: Checkout is more flexible, with an easier experience for buyers

Simpler to get paid: Payouts are automatic, sent directly to your checking account

Simpler to manage: Operations run smoother, with simplified fees, integrated reporting and streamlined support

Benefits for sellers

Choice: Buyers have more payment options (credit, debit, and gift cards; Apple Pay; Google Pay; PayPal and PayPal Credit). No separate PayPal account required - for buyers or sellers.

Convenience: Access everything you need, all in one place: consolidated fees, customized reports, refunds and returns, labels, simplified protections and tax documentation (Form 1099Ks). If you use third-party tools, there should be no change to how you use them.

Streamlined operations: Payouts directly into your bank account - you can choose to schedule these daily as funds are available, or weekly. Regardless of how the buyer pays, payouts are consistently initiated Monday through Friday within 2 business days of order confirmation. Get unique order numbers for ease of reconciliation, and the option to pay for shipping labels from funds awaiting payout, or by still using a PayPal account.

Expanded reach: Easily ship internationally with the Global Shipping Program, which handles customs, taxes, and import/export fees for you.

Reporting: Updated reports available for download and export from Seller Hub. Examples of reports include monthly statements, payout, order and post-transactions reports, performance insights, and if applicable, annual 1099-K/tax reports.

API integration: Those who integrate using eBay APIs can update their integrations to view payout information.

Exclusive support: Get dedicated, expert Payments support during the sign-up process and whenever you need help.

[jayjaspersgarage]

I believe you can use the same checking account as you originally linked to PayPal.  That's what I am trying to do.

[1tuna]

you can do whatever you wish with your paypal account

when its time to register with MP you need not be concerned about paypal.

you will need some sort of checking account with MP..........its easy

I still use my paypal account for oddball stuff and I am in MP

[jreeves2017]

You have to register with a checking account....

https://pages.ebay.com/seller-center/service-and-payments/managed-payments-on-ebay.html#m22_tb_a1__6 

[caldreamer]

Nothing goes into your PayPal account.   With MANAGED PAYMENTS money goes directly into your bank account.

You need to open checking account with EXACT NAME as shown on your EBAY profile page (when you first signed up).   You also need to provide your Bank Account ROUTING# and SOCIAL SECURITY#.  Very important that name of bank account, EBAY account and social security match EXACTLY.  Otherwise you application will be rejected or you may be required to provide additional proof.    You can specify if you want daily or weekly payouts.

After you are enrolled...EBAY will send you email to let you know date that MANAGED PAYMENTS will turn on your account.   When you make a sale with MANAGED PAYMENTS it takes 3-5 DAYS before money is deposited into your account.  EBAY deducts money for shipping and EBAY fees (whatever is leftover gets deposited into your bank account.

After your MANAGED PAYMENTS is active....when you print LABEL (go to bottom of page and change to MP).   That money postage money will be deducted from your bank account and NOT PayPal.

You also need to direct your EBAY MONTHLY BILL to be deducted from your bank account.

MANAGED PAYMENTS is very confusing because they only show "net amounts after fees removed" and also they lump together different transactions into one PAYOUT.     Postage fees will occur immediately but it takes you 3-4 days to get YOUR money.

[mtgraves7984]

You do  have to use a bank account. Your PayPal account is not a bank account.