We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Need to update my details on ebay and provide bank details

Options
13

Comments

  • ladyholly
    ladyholly Posts: 3,916 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Open a seperate bank account for ebay only?
  • hermante
    hermante Posts: 596 Forumite
    Part of the Furniture 500 Posts Name Dropper
    I've had a response from their "specialist team". It appears that I will still be able to purchase using my Paypal account but I think by 31st May if I have not given them my bank account details I will not be able to list anything for sale. Some years ago a good friend, who had linked his bank account to eBay, had his account hacked and £3000 disappeared, took 6 months to get it sorted and get his stolen money back. For our own reasons there is always a healthy 4 figure balance on our only bank account, so no way will eBay or Paypal ever have details and/or access to it, so I'll have to find another selling platform/method. Annoying after 19 years on eBay.
    How do you use PayPal currently?  (Genuine question.)
    With a credit card?
    You can use the PayPal balance to buy things without linking a bank account
  • jon81uk
    jon81uk Posts: 3,882 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 27 April 2021 at 12:22PM
    I've had a response from their "specialist team". It appears that I will still be able to purchase using my Paypal account but I think by 31st May if I have not given them my bank account details I will not be able to list anything for sale. Some years ago a good friend, who had linked his bank account to eBay, had his account hacked and £3000 disappeared, took 6 months to get it sorted and get his stolen money back. For our own reasons there is always a healthy 4 figure balance on our only bank account, so no way will eBay or Paypal ever have details and/or access to it, so I'll have to find another selling platform/method. Annoying after 19 years on eBay.
    I expect the tale of the £3000 that disappeared is missing a lot of detail. Previously you linked eBay to PayPal and PayPal to your bank. I think you could set up a direct debit for the eBay fees, but that is the same as setting up a direct debit to your electric company etc. If their PayPal was hacked that is believeable, but I fail to see how hacking eBay would have resulted in a loss of £3000. 
    There is very little someone can do with your bank details to get money out from you. There is much more they can do with your PayPal details.
  • Spoonie_Turtle
    Spoonie_Turtle Posts: 10,295 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    hermante said:
    I've had a response from their "specialist team". It appears that I will still be able to purchase using my Paypal account but I think by 31st May if I have not given them my bank account details I will not be able to list anything for sale. Some years ago a good friend, who had linked his bank account to eBay, had his account hacked and £3000 disappeared, took 6 months to get it sorted and get his stolen money back. For our own reasons there is always a healthy 4 figure balance on our only bank account, so no way will eBay or Paypal ever have details and/or access to it, so I'll have to find another selling platform/method. Annoying after 19 years on eBay.
    How do you use PayPal currently?  (Genuine question.)
    With a credit card?
    You can use the PayPal balance to buy things without linking a bank account
    Yes, but I wondered how that particular poster themselves actually uses PayPal, whether that was the case for them or not. 
  • vacheron
    vacheron Posts: 2,173 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 27 April 2021 at 1:08PM
    I just signed up today, (my deadline was the 30th of April).

    It doesn't really suit me either as I like being paid into PayPal as that is my "free money" fund created entirely from selling all my unwanted junk, now any sales proceeds will just be absorbed into my current account balance which, certainly psychologically, is a shame. 

    eBay are selling this as a universal benefit, but I would imagine to many other recreational sellers this will also not be the case. 

    However as the number of options every seller has is "do this" or "go elsewhere" I've linked my account as asked,

    Since 2001 I've probably sold over £20K of personal stuff which would have otherwise been binned or given away or sold elsewhere for a fraction of the price, so quitting out of principle would just be cutting off my nose to spite my face.

    I also don't say any logic in all comments saying "I don't give my bank details to anyone". If that is the case why do you even have a bank account in the first place?  :/
    • The rich buy assets.
    • The poor only have expenses.
    • The middle class buy liabilities they think are assets.
    Robert T. Kiyosaki
  • steviebabes
    steviebabes Posts: 2,068 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I have just had the 'payments are changing email' for one of my lesser used accounts. If you scroll down to near the bottom it does say my name and ebay name so not a spoof. I logged into the account and there was a banner about checking/updating my details. I did this then it went on to add a bank accounts, it also askes for your date of birth. I filled in the relevant information and it was immediately accepted and an email sent saying you have now set up a direct debit. This was followed shortly by another email saying you're all set to sell.
    The whole process took les than five minutes and I used the same bank account as another ebay account that moved over a couple of months ago.
    I'm hoping this account will now get a £1 FVF offer this weekend. The last offer on this account was 5th March. It looks like the rollout has now started at a pace.
  • soolin
    soolin Posts: 74,105 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I have just had the 'payments are changing email' for one of my lesser used accounts. If you scroll down to near the bottom it does say my name and ebay name so not a spoof. I logged into the account and there was a banner about checking/updating my details. I did this then it went on to add a bank accounts, it also askes for your date of birth. I filled in the relevant information and it was immediately accepted and an email sent saying you have now set up a direct debit. This was followed shortly by another email saying you're all set to sell.
    The whole process took les than five minutes and I used the same bank account as another ebay account that moved over a couple of months ago.
    I'm hoping this account will now get a £1 FVF offer this weekend. The last offer on this account was 5th March. It looks like the rollout has now started at a pace.
    do update the FVF offer thread if you do get an offer soon! 
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • KxMx
    KxMx Posts: 11,119 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 27 April 2021 at 9:06PM
    vacheron said:
    I just signed up today, (my deadline was the 30th of April).

    It doesn't really suit me either as I like being paid into PayPal as that is my "free money" fund created entirely from selling all my unwanted junk, now any sales proceeds will just be absorbed into my current account balance which, certainly psychologically, is a shame. 

    eBay are selling this as a universal benefit, but I would imagine to many other recreational sellers this will also not be the case. 

    However as the number of options every seller has is "do this" or "go elsewhere" I've linked my account as asked,

    Since 2001 I've probably sold over £20K of personal stuff which would have otherwise been binned or given away or sold elsewhere for a fraction of the price, so quitting out of principle would just be cutting off my nose to spite my face.

    I also don't say any logic in all comments saying "I don't give my bank details to anyone". If that is the case why do you even have a bank account in the first place?  :/
    You can open a new current account or savings account (I find the cruddy ones useful as money pots) to transfer earnings into or load them onto your PayPal balance.

  • soolin
    soolin Posts: 74,105 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    My little used private account has just received the message to add my bank details, I have apparently until 30th May. Decided there was no reason to wait so did it straight away, no issue at all, just like on my business account. 
    Now to wait to see if I start getting offers next month. 
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • vacheron
    vacheron Posts: 2,173 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 27 April 2021 at 11:21PM
    KxMx said:
    vacheron said:
    I just signed up today, (my deadline was the 30th of April).

    It doesn't really suit me either as I like being paid into PayPal as that is my "free money" fund created entirely from selling all my unwanted junk, now any sales proceeds will just be absorbed into my current account balance which, certainly psychologically, is a shame. 

    eBay are selling this as a universal benefit, but I would imagine to many other recreational sellers this will also not be the case. 

    However as the number of options every seller has is "do this" or "go elsewhere" I've linked my account as asked,

    Since 2001 I've probably sold over £20K of personal stuff which would have otherwise been binned or given away or sold elsewhere for a fraction of the price, so quitting out of principle would just be cutting off my nose to spite my face.

    I also don't say any logic in all comments saying "I don't give my bank details to anyone". If that is the case why do you even have a bank account in the first place?  :/
    You can open a new current account or savings account (I find the cruddy ones useful as money pots) to transfer earnings into or load them onto your PayPal balance.

    True. but as I already have 5 current accounts, plus will need to keep PayPal anyway for other things, it will just add one more extra financial complication which could have done without.
    • The rich buy assets.
    • The poor only have expenses.
    • The middle class buy liabilities they think are assets.
    Robert T. Kiyosaki
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.7K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.