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question for those who started another checking account for managed payments

I want to do this so it'll leave some  confusion out of my checking acct. I've had forever.

(  never had a checking acct. tied in with ebay ) 

Did you change your name any on the newly created one ( Eg: leaving out a middle initial when there is one on your original checking acct.  ) and /or  change your shipping address for the new one ? ( Eg : if you've always used a p.o. box for your original checking... did you change it to your home address?) 

 

These are possible scenarios am thinking about doing to cut down on any possible confusion with having  2 checking accts.  solely in  my name ) 

Does the name on the checking acct. have to exactly match what is tied into your social security #  ? 

( in my case it would be my full first name, middle initial and last name like my original checking acct. ) 

I need to do this and looks like there may be more " verifying" after many get it  done , want to get it right the first time.  Seems ebay may want a copy of a bank statement or cancelled check, not much time to have all that by May 21st !   

Also...for sure can I use the new checking acct. for BOTH my seller accounts? 

Thanks if you can help . 

Message 1 of 19
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18 REPLIES 18

Re: question for those who started another checking account for managed payments

Have 1 checking for 2 Selling accounts.  No problems since last December

Message 16 of 19
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Re: question for those who started another checking account for managed payments

Use another bank?

Message 17 of 19
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Re: question for those who started another checking account for managed payments

OK, thanks @lamber9347 . I have not used MP here on Ebay yet but it sounds strange.  I can deposit and withdraw out of my savings for paypal and there is no limits that I know of. Maybe because I have a balance above a specific threshold to do that ?

Message 18 of 19
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Re: question for those who started another checking account for managed payments


@coolections wrote:

OK, thanks @lamber9347 . I have not used MP here on Ebay yet but it sounds strange.  I can deposit and withdraw out of my savings for paypal and there is no limits that I know of. Maybe because I have a balance above a specific threshold to do that ?


I've always used a savings account with PayPal as well. In fact when I first signed up with PayPal I had to get help from a PayPal person because that was when they sent a physical letter to your physical address with a code and I didn't have mail at my physical address. At that time the PayPal person advised me to use a savings account instead of a checking account (which I had to do anyway because my credit union does not allow us to use our checking accounts for selling purposes on a regular basis.

 

So whenever I get the invite to Managed Payments I will have to find a different bank to open a new checking account if I decide to continue with eBay.

Message 19 of 19
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