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Thanks for the tag @femmefan1946!
Hi @widgetc - I don't have many details I can share on payments - but you're able to request a call back from a Managed Payments teammate via the help pages if you've received a registration email.
When it comes to receiving funds in CAD and USD it's been stated by a payments expert and in the FAQs that a solution is still being worked out for businesses that need to receive both currencies. They've also indicated that businesses that receive a large part of their business in USD won't be asked to join managed payments until there is a solution.
Regarding your questions:
If you have more than one eBay account do you require a different bank account for each?
No, you can use the same bank account across multiple eBay accounts as long as it meets the criteria stated in the T&Cs.
What will the very last day to accept this insult be?
Opt-in begins in July, though many sellers won't be joining that wave. If you've received a registration email please consider contacting CS so they can help get you specifics!
Thanks!
I don't think "charles_payments" has a clue, I'd bet anything he is speaking from a US point of view.
Sellers who are registered in Canada will be registered with the "Canadian Zone" of Managed Payment even if they sell on sites other than .ca
The issue with all that US stuff MAY come up if Canadian sellers want their US Dollar (.com) sales to pay out in US Dollars. If you let eBay do the conversion to CA Dollars they won't need any of the stuff referenced in that post.
eBay has stated many times that they are working on a solution for non-US sellers who list on .com so they can have payouts to a US bank in US Dollars.
In other words it's the same as it is with PayPal, Canadian sellers if they have a US bank account can have funds sent to that account or PayPal can convert to Canadian Dollars and transfer to a Canadian account.
@reallynicestamps wrote:
So.....
We can understand how this seems to impact Canadian sellers.
But...
Does this mean that Chinese sellers - so detested by US sellers for reasons that I can only understand as racism- will also not be allowed to list on dotCOM?
That should make the MAGAots delighted. Hmm?
***Required disclaimer*** this response is accurate as of the response date but may become outdated over the course of time.
Hi @reallynicestamps - I can confirm that in order to register for managed payments on eBay.com you would be asked to provide that level of information, regardless of your nationality.
To others' point, however, this would be in order to receive USD to a US-Based bank account. You will still be able to list items for sale on eBay.com, even if you are registered with the managed payments program through eBay Canada. Thanks!
You don't need to do anything significant to convert a US Store to a CA Store, nothing at all needs to be done to your actual listings as they all appear in your Store no matter what country the store is registered in.
If it were not for the fact you just reupped for another year the whole process would take less than a minute.
FYI - A Canadian Store is at least 30% cheaper than a .com Store simply due to the exchange rate, both have the same $299/month but one is in US Dollars and the other in CA Dollars.
If you want to have a Canadian Store but sell mostly in the US you can continue to have your billing currency in US Dollars.
The issue of eBay doing the currency conversion or allowing you to withdraw to a US bank is the same regardless of where your store is (virtually) located.
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