Nuked In 2002, eBay bought PayPal for $ 1.5 billion, turning it into the way you’d buy and get paid for items you sell on the auction site. On Valentine’s day, some sellers may no longer be able to sell items on eBay at all without connecting an old-school bank account instead.
I would need to add a bank account by February 14th or else. Your ability to revise or relist existing listings will be disabled.
This is n’t the deadline for every seller – it’s rolling out in phases. A quick scan of the web shows it’s been going on for at least a couple years. Ebay tells us the rollout wo n’t be complete until 2022.
You could be waiting a lot longer for your money, according to eBay’s managed payments site. The bank account plugged into your profile may not be the only annoyance here, by the way.
Three to six business days is a long time to wait for money that could have popped into your PayPal. My last eBay sale did n’t immediately release my funds to PayPal, either.
Ebay says most sellers should actually pay lower fees than before. Previously, eBay would take a 10 percent cut. Now, eBay will take a 12.35 percent cut in the same situations.
