Warning sellers, Ebay is stealing money if they dont approve your banking institution.

[mattydevine]

Ebay will steal your money if you do not use the bank they want you to use.  Sellers beware. Tangerine Bank, a fully owned subsidiary of The Bank of Nova Scotia will not be approved for my own money, Ebay is saying they will not pay me unless I go open a new account somewhere else.   They are scamming customers. 

[mccsurrey]

i've done both.  i've called a few times and chatted online many times.  neither have had results.  they won't even let me chat with someone higher up.  they just say it's been escalated and i need to wait 48-72 hours.  at least when i chat online i can turn on a sports game and mostly pay attention to that while they tell me the same ol' garbage for the 15th time.

[marnotom!]

You might find this thread on the Tangerine saga to be of interest, @mccsurrey:

https://community.ebay.ca/t5/Payments/BEWARE-Tangerine-no-longer-accepted/m-p/483543

[jorvarg_0]

No way this is totally an eBay problem. If they are incapable of working with a particular bank then eBay should make that information public so that affected ebayers can rectify it before a transaction is made. They can't just hold someone's money hostage. Especially egregious considering PayPal already solved this problem.

[reallynicestamps]

Why does eBay allow sellers to list if they don't have a registered Managed Payments account?

Since MP is an in-house service, it should be relatively easy to make it impossible to upload a listing if the seller is not registered.

[mrdutch1001]

At the onset of MP for Canadian sellers, I do remember reading about sellers that were having issues with some types  of bank accounts were allowed to maintain and/or go back to using Paypal until eBay was able to resolve the issues/glitches,etc...but those were rare cases not something common and nothing that involved multitudes of sellers....

But in general, I don't understand how it is possible for any seller to prepare and/or post a listing on eBay without first setting up a Managed Payments account and have all the necessary verifications completed...

I was not able to list until I signed up for Managed Payments(Back story...I dragged my heels  and actually left eBay for over 6 months during 2021 as I refused to proceed with MP, until I was thoroughly convinced I could accept it for what it is and work with MP as an infrequent/casual seller and that all{well at least most of the glitches had been worked out}, but in the meantime I had lost all ability to make any listings and/or post any listings until banking info was provided and the subsequent verifications, before given the green light from eBay that I could proceed to sell/list items for sale...