Steve20 Posted April 12, 2021 Share Posted April 12, 2021 i have received emails from Ebay asking me to provide my bank account details as they are phasing out the use of PayPal. Am always cautious when receiving emails like this incase they are a scam. Is this genuine..? Your payments are changing by 31 May 2021, are you ready?* eBay now manages the end-to-end selling experience on our marketplace, including payments. When eBay manages payments: • You get paid directly to your bank account, not your PayPal account. Regardless of how the buyer pays, payouts are initiated within two business days of order confirmation. • You have no more PayPal payment processing fees. You pay a final value fee that is automatically deducted from your sales. • Most sellers will pay the same or less than before.** Learn more here. Update your account details by 31 May 2021, or your ability to create and edit listings will be disabled. *Please disregard this message if you have already updated your account details.* Get Started ➔ Quote Link to comment Share on other sites More sharing options...
Ian Kinder (Bagpuss) - Joint Peak District AO Posted April 12, 2021 Share Posted April 12, 2021 I had the same and went to their website and approached it that way. It is correct. Surprisingly they're allowing you to move away from Paypal! 1 Quote Link to comment Share on other sites More sharing options...
Jim RS Posted April 12, 2021 Share Posted April 12, 2021 I think they parted company with Paypal so been coming for a while. Quote Link to comment Share on other sites More sharing options...
Kingster Posted April 12, 2021 Share Posted April 12, 2021 Just make sure you log in via eBay and not using any link in the email - just in case! 1 Quote Link to comment Share on other sites More sharing options...
Mark (smokey mow) Posted April 12, 2021 Share Posted April 12, 2021 Yes it’s genuine, they’re moving over to managed payments for sellers where the money is paid direct to your bank avoiding the need for PayPal. I switched my account over a couple of months ago and have sold around 20 items since then. The money (less fees) has always paid to my account within a couple of days. All so far so good. Quote Link to comment Share on other sites More sharing options...
SootySport Posted April 12, 2021 Share Posted April 12, 2021 Same message to me as well,. Should have appeared in the eBay message box on your account. Quote Link to comment Share on other sites More sharing options...
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