Re: Hallucinated Sign Up Gift
Which begs the following questions:
Will the gift be shipped through GSP?
Will It arrive in Mississauga and freeze in its place?
Will the shipper be NARU and disappear never to be seen again and require an INR?
Will it arrive with taxes owing?
Will it arrive damaged and require a NAD report?
If you are said to get a gift from eBay and it doesn't arrive, was it really shipped?
So many questions....So few answers!! Sounds like Managed Payments!!
-Lotz 
Registered on one (my primary) selling id.
Not invited to register on any of my other id's including the one I post here with.
Registration was simple but there was a verification issue because of a name mismatch between my SIN and bank/eBay names. I provided a drivers license to cover this.
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As far as registering a Savings Account, maybe they exist but I don't know of any Canadian bank that allows direct deposit or debit with Savings Accounts.
For simplicity of bookeeping I also opened a new account (chequing), did it online with one of my regular "banks" (Simplii Financial), took less than 2 minutes.
FYI - Both Tangerine and Simplii (formerly PC Financial) offer no fee online accounts and I'm sure there are others (my CU accounts are fee-free for 60+ or free with minimum balance). Plenty of options out there.
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Canadian sellers who list on .com, if in the past you allowed PayPal to process the currency exchange then nothing really changes except you don't get to pick the date of the conversion.
If you retained US Dollars to spend on US goods that will no longer be possible unless you can transfer to A US based bank, since that is not possible at the moment that will represent a change.
I expect eBay will get this part figured out at some point as it's a thing which affects a very large number of sellers including many of the highest volume sellers.
Personally I only list on .ca so I am unaffected.
Analysis shows MP will likely save me a tiny bit of money. no biggie either way.
Hi @musicyouneed - a few required disclaimers first:
As someone who is not an expert on managed payments I may not be able to address your question in its entirety. If you have been notified to register for managed payments you are able to request a call back from a payments-trained teammate by accessing any of the Help Pages related to payments and using the 'Have us call you' feature at the bottom of the page.
The information provided is accurate as of today's date (6 July 2020) but may become outdated in the future. If you are reading this at a later date please consider checking the Help Pages or request a call back from a managed payments teammate who can provide the most up to date information.
Okay, with that out of the way: I do not believe that the sky will fall on the 16th for you. As near as I can tell (disclaimers above) the 'mandatory' aspects are being rolled out in waves. So some accounts are getting a specific date while others are just being told it's time to register.
Regarding your other question on the US bank account: I'm not sure if that would work. Identity verification requirements change from program to program (US requires their SIN equivalent, US based registration address, as opposed to SIN being optional for the Canada program, etc).
This sounds like a good question for the chat Wednesday, so we can get it to the payments folks and get you some solid info.
