Is it safe to give my bank account details to Ebay to receive payments?

cashferret

I see that Ebay now require you to give your bank account details to receive payments, rather than using PayPal.

How safe is this? Should I be worried about them getting hacked? 

Has this caused problems for people?

Olinda99

yes it's safe

TheWoodler

I opened a second current account with my existing bank purely for this purpose. There is no reason why you can’t have more than one current account, or even a subsidiary account with your main bank.
I’d rather give details of an account maintained with around £50ish than my main bank account to eBay. I explained why to the bank and the assistant said ‘very sensible’. Should anyone else need to pay me by bank transfer for any reason, it can go in there as well. 

Despite all the safeguards around banking and faster payments, IMHO the fewer people who know my main bank details the better, particularly eBay, as that hacking risk is one I’m concerned about.
I’ve been pleased with how quickly I’ve been paid from eBay under the new system. 

Brie

It's as safe as when you used to write a cheque to someone.  All your details were on that too.

CustardApple

TheWoodler said:

I opened a second current account with my existing bank purely for this purpose. There is no reason why you can’t have more than one current account, or even a subsidiary account with your main bank.
I’d rather give details of an account maintained with around £50ish than my main bank account to eBay. I explained why to the bank and the assistant said ‘very sensible’. Should anyone else need to pay me by bank transfer for any reason, it can go in there as well. 

Despite all the safeguards around banking and faster payments, IMHO the fewer people who know my main bank details the better, particularly eBay, as that hacking risk is one I’m concerned about.
I’ve been pleased with how quickly I’ve been paid from eBay under the new system.

I totally agree with you.

But I would open an account with a different bank just for ebay etc

Rob5342

Brie said:

It's as safe as when you used to write a cheque to someone.  All your details were on that too.

Except that there are much more sophisticated ways of scamming people now than there were when people used cheques.

For the sake of the 10 minutes or so it takes to open an account, I'd open an account just for eBay payments.

cashferret

Thanks very much, everyone - I like the idea of opening a separate account with a small balance.

Bigwheels1111

cashferret said:

Thanks very much, everyone - I like the idea of opening a separate account with a small balance.

Starling or Chase would be a good bet, if your phone or tablet can run the app.
 Chase only do a soft search.