I feel I have to let anyone who will listen to hear what happened to me. I am a 20 year seller on eBay, Powerseller and top rated. They too made it sound like I had to opt in on managed payments by a date in Oct or else.
I decided to go ahead and do it because I didn't want to be burdened with learning a new system right before the holiday season when I am the busiest. It has been the worst thing I could have ever done. Besides waiting several days for my money to be deposited into my bank (they won't use PayPal for this) I had to pay for my shipping labels out of my bank account since payments did not go to PayPal but to eBay's pocket.
If you have limited funds you won't be able to make a shipping label, so beware of that. If you wait until eBay finally gets your money deposited, you will be dinged for late shipment unless you find other means to pay for the shipping label. Ok, so I was not happy about that, but I was already in the system.
Yesterday I received an email warning me I had until Oct 21 to upload a photo id, that photo id could only be a government id, driver's license or passport!
Right away a red flag came up for me, but the clincher is at this point, they told me they were holding any and all funds in my managed pending payments from eBay until I complied with this!!!!!! Keep in mind, they have my tax id, SS number, bank account, charge card and full address and name, date of birth and phone number.
My money is frozen from me and sitting in eBay's pocket. I immediately ended all of my listings since any future sales would be held in their account and not mine since my money is being held "hostage".
I decided to give them a copy of my driver's license as they requested. I covered over the bar codes, my weight, hair color, height and eye color. It still showed my photo, state, date of birth and address. They rejected it because they said they could not read it. I again sent a larger copy and once again it was rejected. Why do they need my bar code or anything else? What does my appearance have to do with selling? Here is their last note to me:
"What if I don't do this?
Your funds will be on hold until you fix this. Also, you need to do this by Oct 21, 2019 or you may risk losing your selling privileges."
So I tried to close my store, seems I am stuck with it to the end of October because they are charging me and not letting me cancel it. I have a week left this month that I have paid for, but guess I am locked in to another month whether I like it or not.
Please tell everyone to NOT opt in to this managed payments because if you do, your money is never really yours and they will use it as blackmail against you.
As an elderly person I am on Social Security alone and eBay has always helped pull me through for bills and heating costs through the winter. Those days are gone now.