Bank account details on ebay: how does that work?

    I am very worried about the safety of putting my bank details on ebay.  Will  my bank  guarantee fraudulent use of my current account now that I have added my bank account to my ebay account?  How can I recover money taken from my bank account fraudulently if my bank will not guarantee that?  

    I am also very concerned that ebay should not take money out of my current account to pay for my purchases.  I am a housebound wheelchair widow.  There may be a lot of numbers after my account name, but they are 90% purchases.

    My bank has queried bank transfer payments in the past and their fraud department always rings me because I have never bought things that way.  Similarly, my credit and debit cards have never seen the inside of an ATM machine, so I do not have a PIN number, so transactions are made online 95% through pay pal banking.   Visa queries transactions that are new and unlikely to come from an 80 year old housebound widow.  By giving my bank account details to ebay, does that mean I will not have that reassurance from my bank and visa?

    How secure is my bank account now that I have shared it with ebay and the millions of possibilities that it will be hacked?  There are too many people with the ability to access my bank account. I think it is very unwise to put bank account details on ebay and I am reluctant to put my credit card details on ebay as well.

    How can ebay guarantee that no one will ever be able to access my bank details from my account instead of going through pay pal, which is a secure banking  company?  I am now wondering if it would not be better to sell my various bits and pieces on a facebook selling site.

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    36 REPLIES 36

    Re: Bank account details on ebay: how does that work?

    good luck giving your bank details to e bay , an unregulated company. and what they dont tell you is when you have given your bank details they will not remove them from there system even though you have a right to ask them to be removed .

    Re: Bank account details on ebay: how does that work?

     I am concerned I won't be paid for my recent sale by ebay.

    I am pretty sure you won't be unless you register for managed payments.  The buyer's payment (even if they used paypal), will go to Ebay, not you, and ebay will only pay it into your designated bank acount/ 

    Re: Bank account details on ebay: how does that work?

    What is worrying me at the moment is the payment when you buy something.  I am so tired of it all.  I have sold a few things but it is far from easy to work out just what I end up with.   The big problem I have is as a buyer.  I have to log into pay pal to pay each time, and I am not going to change my payment method because I find it very convenient to have paypal.  I pay my carer through pay pal and it works out very will indeed.

    The biggest misery is getting my credit card statement and seeing ''ebay followed by a very long reference number, and I have to face having to look up everything to be sure I am paying who with what, if you see what I mean.  My whole credit card statement with a lot of ebay's instead of pay pal.  I have to have every need delivered or posted, which is why I buy a lot, but now it has become so complicated.  I always pay my credit card balance off each week, otherwise I would be paying interest and that would increase the price of the things I buy.  As it is, I get weeks of free credit, while so many people are paying interest on cards or loans.  Now I am not at all happy about having to check so much, and my statement looks as though I am hooked on ebay, when in reality, I cannot shop for myself at all.  The pandemic lock down has not changed my life at all.  It has been the same way for decades, but I cannot keep checking with anonomous numbers and cross referencing.  I am too old for that.  I now have started looking elsewhere for my needs and wants.  At least that way, it looks as though I have intelligence, instead of the pages of 'ebay and numbers'.

    Credit card providers do actually check on us.  The have flags for many things, and the elderly is one of the things they look at closely, and sooner or later someone is going to ring me up, as has happened with fraud (someone went to Brazil with my card details and ate in restaurants and travelled in taxis at my expense, which was picked up, because I have never used my credit card outside of the house.  It has never seen the inside of an ATM machine and I do not have a mobile phone).  However, the past few months of my statements tells me that there is something very odd about someone who makes all those purchases and no idea what they have bought without checking.  I am weaning myself off ebay so that my statements look more sensible.

    Re: Bank account details on ebay: how does that work?

    Buying brings it's own misery, because if you pay by credit card through pay pal, your statement at the end of the month just lists with ''ebay + number'' and that is all.  Sooner or later my credit card server is going to ask if I am suffering from dementia, because I appear to be buying things without knowing what I am buying.

    Re: Bank account details on ebay: how does that work?

    Free speech does not exist on this site.  Perhaps there are management from B...... who pick up key words, and I managed to land on the snake.   Not a lot of point in saying what you think if it is dissed.

    What concerns me - apart from the fact that the VAT the site charges now all goes corporation tax free to Lluxenbourg, so really it can be regarded as an import against our country balance of payments.

    I am concerned mostly though, at the comments my children and carers make when they see my credit card statement and so many items with just 'e... and a ref. number.  I can't check each and every entry, but now it is difficult to justify any expenditure if there is nothing on the credit card statement to say what I bought.  I think about the humiliation I might have to face if I cannot explain the mystery of my credit card statement, where before, I had a name on the statement to show what transactions I made with pay pal, and that problem is not cleared up by going into pay pal and looking up what I bought, because my heirs and carers will not be able to do that in the event I end up in hospital or worse, and the credit card company will not be any the wiser either.  Either way, I end up buying less and less on ebay until finally the embarrasment makes it not worth while buying anything.  A lot of things can be ordered with grocery shopping anyway.

    Re: Bank account details on ebay: how does that work?

    I'm sorry to say, eBay isn't worth the hassle anymore. When this change came into effect, I stopped using eBay.

    To those whom say, you have added your account to PayPal, I did, I then verified it and removed it. Yes you can do that. So the only source is my credit card.

    Giving a commercial company direct access to my bank account is the sort of things banks warn you about.

    Often if you find something you want on eBay, look at the company details, Google them and go direct to the company. No eBay cut means cheaper prices normally.

    What eBay need to realise is, there are other buying and selling places that don't charge fees, let alone need access to your account. I'd suggest voting with your money.

    Re: Bank account details on ebay: how does that work?

    We give our bank details t onumerous businesses via direct debits so why is ebay a problem ?

    Its highly unlikely ebay will take money they shouldnt.

    Your bank details arent on ebay they are with Adyen.

    Re: Bank account details on ebay: how does that work?

    Giving your details to e-Bay is no more risky than giving them to anybody, PayPal, utility companies and the like or even giving somebody a cheque.

    Cacas vendit.

    Re: Bank account details on ebay: how does that work?

    You're not with Halifax by any chance, when you said about fraud ringing you up ? They do it for me if I buy anything over £40.00. Nice to have the assurance it's their but a right pain in the posterior when you're in the middle of a store with them querying what you're buying.  

    “What we’ve got here is failure to communicate.”

    Re: Bank account details on ebay: how does that work?

    Hi,

    Not true do not give Ebay control of your bank account.

    The important word here is control,giving all your personal details and or bank account details to Ebay means they can take money from your account wether you agree or not.

    Do not listen to those that say that it is safe.

    Good luck

    Re: Bank account details on ebay: how does that work?

    You aren't giving eBay control of your bank account, you are setting up a direct debit incase you need to refund a buyer. Direct debits have guarantees and you can get DD payments stopped or reversed by contacting your bank

    Re: Bank account details on ebay: how does that work?

    eBay - sorry you have got this completely wrong. The DNA of eBay was built not just for B2C but started as Customer to customer (C2C) trading platform and now you are considering everyone as B2C and requesting personal financial information that many will consider unnecessary when trying to sell a used furniture or jewellery. Sorry - I won’t be selling on eBay anymore. Goodbye

    Re: Bank account details on ebay: how does that work?

    All sounds like paranoia to me.

    I did get caught out once with a USA online auction site.

    I signed up to sell a few items and the blighters signed me up for a shop instead at £25 a month !

    I just did a charge back on them.

    Re: Bank account details on ebay: how does that work?

    edgeog

    Frequent Community Member

    @emtdickson  wrote:

    I am very worried about the safety of putting my bank details on ebay.  Will  my bank  guarantee fraudulent use of my current account now that I have added my bank account to my ebay account?  How can I recover money taken from my bank account fraudulently if my bank will not guarantee that?  

    I am also very concerned that ebay should not take money out of my current account to pay for my purchases.  I am a housebound wheelchair widow.  There may be a lot of numbers after my account name, but they are 90% purchases.

    My bank has queried bank transfer payments in the past and their fraud department always rings me because I have never bought things that way.  Similarly, my credit and debit cards have never seen the inside of an ATM machine, so I do not have a PIN number, so transactions are made online 95% through pay pal banking.   Visa queries transactions that are new and unlikely to come from an 80 year old housebound widow.  By giving my bank account details to ebay, does that mean I will not have that reassurance from my bank and visa?

    How secure is my bank account now that I have shared it with ebay and the millions of possibilities that it will be hacked?  There are too many people with the ability to access my bank account. I think it is very unwise to put bank account details on ebay and I am reluctant to put my credit card details on ebay as well.

    How can ebay guarantee that no one will ever be able to access my bank details from my account instead of going through pay pal, which is a secure banking  company?  I am now wondering if it would not be better to sell my various bits and pieces on a facebook selling site.

    You are right to be worried, you are not only giving eBay your bank details, you also have to give them permission to take any amount of money they like directly from your bank account. That's the dodgy part, there is no need for eBay to have access to your cash. The idea of eBay being able to take money from you stinks. 

    Re: Bank account details on ebay: how does that work?

    edgeog

    Frequent Community Member

    @edgeog  wrote: @emtdickson  wrote:

    I am very worried about the safety of putting my bank details on ebay.  Will  my bank  guarantee fraudulent use of my current account now that I have added my bank account to my ebay account?  How can I recover money taken from my bank account fraudulently if my bank will not guarantee that?  

    I am also very concerned that ebay should not take money out of my current account to pay for my purchases.  I am a housebound wheelchair widow.  There may be a lot of numbers after my account name, but they are 90% purchases.

    My bank has queried bank transfer payments in the past and their fraud department always rings me because I have never bought things that way.  Similarly, my credit and debit cards have never seen the inside of an ATM machine, so I do not have a PIN number, so transactions are made online 95% through pay pal banking.   Visa queries transactions that are new and unlikely to come from an 80 year old housebound widow.  By giving my bank account details to ebay, does that mean I will not have that reassurance from my bank and visa?

    How secure is my bank account now that I have shared it with ebay and the millions of possibilities that it will be hacked?  There are too many people with the ability to access my bank account. I think it is very unwise to put bank account details on ebay and I am reluctant to put my credit card details on ebay as well.

    How can ebay guarantee that no one will ever be able to access my bank details from my account instead of going through pay pal, which is a secure banking  company?  I am now wondering if it would not be better to sell my various bits and pieces on a facebook selling site.

    You are right to be worried, you are not only giving eBay your bank details, which is not really an issue for receiving payment, the elephant in the room is, you also have to give them permission to take any amount of money they like directly from your bank account. That's the dodgy part, there is no need for eBay to have access to your cash. The idea of eBay being able to take money from you should make you run a mile.

    Re: Bank account details on ebay: how does that work?

    Dont ever give your bank details to ebay i will never sell on ebay again after a very bad experience with a buyer be warned ???? i was a loyal ebay customer for 20 years perfect feedback but this incident tarnished ebays credibility NEVER AGAIN ????  

    Re: Bank account details on ebay: how does that work?

    edgeog

    Frequent Community Member

    @dopomine_is_humans_fundamental_floor  wrote:

    You cannot revert back to Paypal as ebays Managed Payments are obligatory.

    If you don't want to sign up to them then you cannot sell here.

    Ebay say only sellers who have signed up for MP can sell, but we now know this is not the case. They are allowing people to sell without signing up for MP, then holding payment until they agree to sign up.  

    IOW they have resorted to holding people to ransom to get them to sign up. 

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    Source: community.ebay.co.uk

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