Need help signing up for Managed Payments.
Summary: samaritanseller is seeking advice on maintaining their current payment setup while transitioning to eBay's Managed Payments. Currently, they receive payments in USD via PayPal, transferring them through Transferwise to a Canadian bank. They face an issue with entering a 16-digit Transferwise account number into a 12-digit field required by eBay Managed Payments. irmartinov suggests that Transferwise provides a 9-digit USD account, but marnotom! indicates that a traditional US bank account is needed for Managed Payments. mrdutch1001 comments on the age of the post.
I am registered on .ca but sell exclusively on .com in USD. I would like to keep this set up and not disturb my business in any way. From what I am reading about Managed Payments, this should be possible. My current set up is to get paid in USD which goes to my Paypal account in USD, then transfer USD to my Transferwise USD Checking Account and from there transfer to my personal Canadian bank account. This set up has been working well for me and I would like to keep it like this if that's at all an option. Is it?
If I am forced to move to managed payments I would like it to be smooth and painless, but so far I am running into a lot of issues and potential problems if I were to be forced to be moved over.
When signing up for Managed Payments it allows me to choose which currency I would like to receive payments in. I want to continue to receive USD payments of course.
When I go to sign up for managed payments it is asking me for the following information:
Financial Institution Number
Transit Number
Account Number
By going into the details of my Transferwise Checking Account I am able to get the Financial Institution Number and Transit Number. However, my account number for my Transferwise Checking Account is 16 digits. When entering account number in the eBay Managed Payments sign up it is requesting a 12 digit number instead. How do I enter my 16 digit account number when ebay sign up page is only allowing 12 digits?
irmartinov
·2 years agoTransferwise create a USD account, 9 digits there
marnotom!
·2 years agoYou need a bank account with Managed Payments. Transferwise isn’t a bank.
mrdutch1001
·2 years agoZOMBIE THREAD FROM 2021!