mam98031 • Volunteer Community Member • Buyer/Seller since 1999
What Ebay fees have increased for you? Keep in mind you are no longer paying PayPal separately for their percentage of 2.9%.
Yes your bank can do that, ebay would then suspend your account and hold your funds. In about six months or so they will send the funds to your state in the uncollected / unclaimed funds department. You can then file the paperwork with your state to retrieve that money.
Or if when you do that with your bank, you owe money to Ebay, Ebay would then send you to collections for payment which will affect your credit rating.
Oh I can't tell you how many times over the years that I've had positive feedback from a buyer and then a claim filed at a later date.
Ebay is over 26 years old. While all internet sites are always at risk for hacking, Ebay isn't new to protecting our information. Besides once Ebay allows you to actually close your account [because this is a process], they remove that personal data from your account info. So it isn't the problem you think it is.
What is a "due consideration" law? Link please.
Likely the Federal Laws that require Ebay to collect this information will override whatever it says.
"the fact that Managed Payments clearly stated during rollout that authorization could be revoked by letter" What does this mean please? Who had the ability to do this?
MP is pretty simple, if we don't give them the info they need, we can't sell on Ebay, period. There is no in between spot.
@artphotodude wrote:So after doing some research, it appears that Ebay has assumed the "Hotel California" business model, so will be revoking/blocking from my bank's side, and getting a new Checking account number. They would do well to rethink this kind of thing. Paypal had a big Class Action case against them after getting uppity - demanding documents and such. The short answer, is you don't send any documents to any company that doesn't have a phone number to call - FULL STOP.
So it is your opinion that Ebay should just disregard the Federal Laws that require them to Verify all seller's identity. The Law has a specific format in which Marketplaces have to follow.
https://www.fdic.gov/regulations/laws/rules/8000-1600.html#fdic8000fra1020.220
@katzrul15 and @wrong66
What you need to know about closing your account
When you submit a request to close your account, we’ll send an email to your registered email address and to your eBay Messages within 24 hours letting you know we’ve received it. Generally, it takes 30 days to close an account from the date we receive a request. However, if you’ve bought or sold items in the 30 days prior to submitting your request, we’ll keep your account open for 60 days from receiving your request so any outstanding sales or purchases can be completed and so we can meet our commitments to all buyers and sellers under the eBay Money Back Guarantee.
After the 30-day or 60-day period (depending on whether you’ve bought or sold in the past 30 days) your account will be permanently closed and your data will be deleted. If you change your mind and decide to keep your account, you have 7 days from the account closure to request that your account be reopened. We can reopen your account only if it was in good standing when you closed it.
For security reasons, you can’t transfer or sell your eBay account to a new owner. However, you can add a secondary contact to your account.
https://www.ebay.com/help/account/changing-account-settings/closing-account?id=4199
