AuctionBytes Blog
Covering auctions, collectibles and marketplace selling.

AuctionBytes Blog The AuctionBytes Blog has been giving a voice to online merchants since its launch in 2005. Named one of the world's top 30 blogs in 2008 by "Blogging Heroes." Weigh in with your thoughts on the joys and pitfalls of selling online.
Sun July 26 2020 15:37:06

eBay Payments Requires Power of Attorney, Bank Login Info

By: Ina Steiner

Sponsored Link

Some eBay sellers questioned why they were asked to agree to give a third-party company Paywithmybank a limited "Power of Attorney" when registering for eBay Managed Payments.

The issue came up on July 8 on a thread on the eBay seller discussion boards devoted to Payments.

A seller with the handle Surplustoolandsupply noticed when they registered for Managed Payments, they were required to accept the terms and conditions of Paywithmybank (a third party).

"Among those terms I would be agreeing to give them "limited power of attorney" and make them my "true and lawful attorney-in-fact and agent,"" the seller wrote, "and then it requires me to agree to give them my banking login ID and password (which would is ridiculous enough, but especially since I have a common login to about 8 different accounts)."

In a post about how to link a bank account to Managed Payments, an eBay moderator shared screenshots that show PayWithMyBank is offered as a facilitator when a seller's bank does not appear on the list of institutions offered during the registration process.

PayWithMyBank explains on its website it is "an online and mobile payment alternative to cards and checks that allows you to pay or get paid using the information you know by heart - your online banking ID and password. We establish a secure connection to your online banking account directly from the site you are on, without ever storing or sharing your information with the site. It's just between you and your bank."

While the request for limited power of attorney in PayWithMyBank's terms of service doesn't appear nefarious, it's understandable why some sellers who noticed the provision may be concerned. We searched the boards but could not find a response from eBay about what it could mean.

There was also concern expressed about how eBay would handle refunds, with one seller surmising eBay would reach into their bank account for the funds to refund a buyer. But another seller pointed to a post where an eBay moderator provided the following explanation:

"Refunds are pulled from funds in "Available for payout." If there's not enough to cover the cost of a refund, the refund will still go through, and we'll place a debit on your "Available for payout" funds until we recover the full amount. 

"This could cause your "available for payout" to become negative. If, after 21 days, we haven't recovered the full amount from your available for payout funds, the outstanding balance will be added to your invoice."

eBay has a board devoted to questions about Payments, but those who are already enrolled in the program can access a non-public board.

Comments (73) | Leave Comment | Permalink
Readers Comments

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

by: postbuster This user has validated their user name.

Mon Jul 27 15:42:10 2020

Well I guess that about sums it all up.

What more does D-bay need to tell sellers that ''WE DON'T WANT YOUR BUSINESS''

They shamelessly raise fees, create glitches, force returns, lower your prices, charge fees for sales tax, lie to you, shame you, kick you out of the boards, send your neighbors pornographic material, and send books on how to cope with the loss of a loved one.

THAT IS A DEATH THREAT!!

Why does anyone put up with this?!  If it were a real person, then they would have been long gone.

D-bay doesn't want the full time seller from home!
They want the one time, 'clean the garage' seller that they can hose every time.
They already got China as the wholesaler.

They are spineless cowards who will keep pushing your borders back as long as they feel like it.  They like to hide behind the screen because they don't have to have any substance as a real person.
All while charging a commission to screw you!  

They are worse than the robo calls, or the scammers who want to update your warranty for your vehicle.
They are just idiots in suits, and golf shirts who behave more like crackheads that would rather break into your house than to make an honest living.
(My apologies to crackheads for associating them to ANYONE from eBay, at least you have a little more substance as people).

CROOKED LITTLE WEASLES.  Whenever I would see that dumb mug of Devin Wiener, I always have the thought of  ''This space intentionally left BLANK!''
I know he's not there anymore, but his STINK sure is!

Keep it up D-bay, cause you're gonna need a whole lot more than a POA very soon!

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

This user has validated their user name. by: Marie

Mon Jul 27 15:42:24 2020

LOL

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

by: purpleiris This user has validated their user name.

Mon Jul 27 15:47:01 2020

"Where does PayPal use the word "Merchant" in their agreements?"

Let me rephrase that to close any openings you might be looking for...

Where does PayPal refer to themselves as the "Merchant" in their agreements? They only refer to themselves as the "Services".

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

by: pace306 This user has validated their user name.

Mon Jul 27 15:48:27 2020

Echoing Sparrow - going to RIPOFFMYBANKACCOUNT does NOT say they need POA - and anyone who gives it to them - is gravely mistaken and only opening themselves up for problems.

Giving large companies your banks routing number and account number is a %100 standard business standard - you do it all the time to pay bills electronically and even to pay taxes.

It would seem - that Sparrow is also CORRECT that those middlemen are there because Adyen has some issue with US laws and Adyen cant "get it done on their own".

eBay tells "RIPOFFMYBANKACCOUNT" first, who then does the debiting of the card/bank, who then passes off the actual CC processing to Adyen.

It would seem that the dopes (I mean criminals) over in San Jose just figured this out now and the middlemen are the solution to the problem.

BUT, none of the moron companies have any legal authority to debit your account "on their own". They can either only process a transaction or not. With out "controling legal authority", eBay cant direct either of them to just debit you "just cause eBay said so".

POA is needed then - and it gives eBay the power to do what they want, when they want.

Id never do it (personally)

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

by: purpleiris This user has validated their user name.

Mon Jul 27 15:49:55 2020

Hahaha @postbuster! Thanks for the laugh! =) Now off to deliver my package to the PO...

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

by: Tiffee Jasso This user has validated their user name.

Mon Jul 27 15:54:12 2020

Power of Attorney? Password for bank? Hmm. Has anyone looked at all the small print in the New User Agreements. Have we given Ebay Power of Attorney over our bank accounts? I know for digital items, Ebay states you give them ownership of the item forever, and in any format. device, etc.  

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

by: postbuster This user has validated their user name.

Mon Jul 27 15:55:03 2020

@Purpleiris

Anytime. : )

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

by: postbuster This user has validated their user name.

Mon Jul 27 15:56:04 2020

"RIPOFFMYBANKACCOUNT"

Nice!

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

This user has validated their user name. by: Marie

Mon Jul 27 16:38:21 2020

@postbuster

My short post above simply saying "LOL" was NOT directed at your post, but it sure looks that way as our posts crossed in cyperspace.  But it was in NO WAY intended as a comment on your post and I'm sorry if it appeared that way.

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

by: postbuster This user has validated their user name.

Mon Jul 27 17:17:59 2020

@Marie

No offense taken.

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

This user has validated their user name. by: Marie

Mon Jul 27 17:31:32 2020

@ postbuster

Excellent, thank you for letting me know.

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

by: postbuster This user has validated their user name.

Mon Jul 27 17:39:04 2020

@Geetar (from page 1)

I think you just hit the nail on the head!

If ebay can pair up with your (OUR) accounts, they also can see some peoples transactions with supplier invoices.  They want to know who sends your inventory, and who the carrier is.

Amazon does the very same thing as a requirement.
You have to give them all that info. to sell there.  
They are trying to undercut small sellers for bigger contracts.  (CHN)
I know of a big time supplier who was blackballed from Scamazon for not letting them have his 'trade seceret'.

D-bay will just sneak in like the Dirty rats they are and mine it from you.
If they don't ask for info. as a  requirement, then we can't prove intent when they ''peek in the bathroom''
(Sorry Rats, and Dirt.  Aren't there any words low enough to describe eBay?)

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

This user has validated their user name. by: Marie

Mon Jul 27 17:42:41 2020

@postbuster

If that is their desire, both sites must be very disappointed in me as I don't run my vendor stuff through my bank account except to pay my CC.  I always pay with my CC so I get the cash back rewards.

I've always recommended to those on Ebay to open a separate account to attach to MP.  That too would resolve this concern as well.

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

by: postbuster This user has validated their user name.

Mon Jul 27 18:20:57 2020

@Marie

Sure, it is a wise choice.

But not everyone has done it, even if it is better.
But why should they have to do it for this move?
Thanks to the likes of cyber criminals (Including sites like ebay) I never stay signed in on two accounts simultaneously.

To me the very thought of a company who boasts integrity on their front door while playing SO, SO Underhandedly is not even worth my (or anyones) business.  

SECURE is a very serious term, and We as sellers should not even have to worry about the compromise.  PayPal was/is safe.  

D-bay is asking for Everyone Else to change for their benefit.
It is far easier for them as the Host, Venue, or however you term it, to correct their poor behavior.  But they continue to choose to BE the CRIMINAL. It isn't fair (or balanced if that suits anyone) that Everyone should change when it's eBay who is the problem.  Even lowlifes straighten up every once in a while.
But ebay is a company, run by a bunch of lowlifes who only encourage each other to keep ripping everyone off.

But to add another account, to a separate bank mind you, is just another inconvenience for sellers.
eBay doesn't need to screen my life, they don't care about it anyway.
Therefore they don't have the right to purge many years of my effort and insult my contacts with their clumsy strategy.

It is a place where people go to ruin their businesses.

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

by: Geetar This user has validated their user name.

Mon Jul 27 19:02:26 2020

@Marie

  Trust me, If I could pay by credit card I would. When you order from the factory, they do not take credit cards, if it is a low invoice 10k or less you can pay by check, buy usually over that they want a bank wire.

  Selling on these marketplaces you have to go to the source, not middlemen. The money is just not there any more.

It seems they have accepted my bank statement.  Now what happens when I move from NY to FLA and change my business from a corp to a sole p. I cant wait to see that madness. Change bank, and business, and address and keep the ebay account I have. Wow. Those managed payment people and their comp system will short circuit.

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

by: postbuster This user has validated their user name.

Mon Jul 27 20:00:49 2020

@Geetar

''Trust me, If I could pay by credit card I would. When you order from the factory, they do not take credit cards, if it is a low invoice 10k or less you can pay by check, buy usually over that they want a bank wire.

  Selling on these marketplaces you have to go to the source, not middlemen. The money is just not there any more.''

Exactly.
I am the middleman, when I started on Ebay, my prices were affordable before all of the new gimmicks and fee hikes.  Then postage kept going up.  eBay lost their A$$ with their 'business' deals, and advertising.  Also lawyer fees in recent events.  PayPal never charged eBay for our transactions.
They lost SO much money trying to COPY another venues format who, in my opinion, has an inferior product selection.  

Sometimes, buyers want specific items.  Amazon doesn't bother with anything not trendy.  eBay had a niche, like a golf ball 1/2'' away from the cup.  AND THEY MISSED!!  
These 'experts' couldn't pour water from a boot, even if the instructions were on the bottom!

Instead of cutting out excess fat to save money, they thought they were welcome to just take it from us.  

Was it really necessary to build a bar?
We sellers have skinned ourselves back down to the bone!!
So some sloppy drunk and his associates could vandalize someone's reputation, and peace in their own home?

All because some poster exhibited something they don't have or understand... Integrity and Honesty.  

They were exposed for their offenses and could not shoulder or own up to their mistakes.
Again, to have shoulders, you need a backbone.

DO THE WORK EBAY!!
There is no such thing as a Free Lunch!

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

by: Eliot This user has validated their user name.

Tue Jul 28 03:19:23 2020

@Geetar I sell on Etsy, which uses Adyen. I was never asked to give them a power of attorney, nor was I ever asked to give them my bank login info. This was never mentioned by anyone selling on Etsy. So Adyen isn't the issue, it's somebody's not so bright idea. I hope they get slapped with felony charges.

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

by: Geetar This user has validated their user name.

Tue Jul 28 07:38:09 2020

@Eliot

Well I got the email yesterday, all is good, and I am in. I did not have to do dual bank log in, or POA. I really want to know why they need all of that stuff. Did they really think people were going to say "eh....ok"?

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

This user has validated their user name. by: Marie

Tue Jul 28 12:23:57 2020

@Eliot

The method of verifying your account using the method described in the article is a CHOICE.  It is NOT mandatory.  There are other options.  

I do however think Ebay has made the process more complicated than it needs to be or even should be.  But I'm not sure if comparing it to the process Etsy went through is really comparing apples to apples as IDK if the Anti Money Laundering laws have changed enough to cause at least some of what Ebay is doing whether or not they are doing it in the most efficient way [which would be doubtful].

Perminate Link for eBay Payments Requires Power of Attorney, Bank Login Info   eBay Payments Requires Power of Attorney, Bank Login Info

by: DingDong This user has validated their user name.

Tue Jul 28 13:44:22 2020

I wonder if the POA / PayWithMyBank has to do with us that use smaller banks and not the "biggies" likes Wells Fargo, Bank of American and such.

I guess start reporting this to the Attorney General and Banking Commissions and see if they can investigate.

Click to view more comments
1 2 3 4  [Next Page]


Login is required to post comments.
To sign in to leave a comment, fill in the form below. If you have not yet signed up for AB Verify, or if you'd like more information, go to the Registration Page
.

Login for AB Verify
Be sure and use your email address and password to log in.

 
Email:
Password:
 
 Forgot Your Password?
 Even though you are signed in with the AuctionBytes Blog, you will have to sign in to the EcommerceBytes blog. But you can sign in with your existing AB Verify info.