Primarily Petroliana Shop Talk Forums Shop Talk Petroliana Forums General Petroliana Discussion Anybody Here Sell On eBay???

I went into my eBay account to check some messages and sales that I had.....I had two messages from eBay to add a photo ID and they wanted to reverify my bank account by sending two small deposits and for me to verify. I am fairly certain as the message originated inside my eBay account. But, wanted to see if others had received it. Thanks.
Alex

Interesting......have you been on ebay for awhile or relatively new?? I haven't seen this message on my account. I get small payouts probably weekly from sold items and don't ever remember doing this. Are they requiring it prior to you getting your payout??

Sounds fishy to me,never been asked that.

In reading more and Googling it, it says that if you have increased sales, or by random, will re-verify banking information and they are also asking me to upload a government ID like a driver's license Again, this wasn't a separate email through Outlook, but inside my eBay account when I went to process a couple of sales today. Says they will hold funds until I do so and that seems to be the case. To verify the bank account I reverify the info they have and they send two small ($1.00) deposits then I verify it.

Sounds like the power of big brother "flexing"... they're intrusive like most companies, too intrusive!! I haven't sold anything with them just a little over a year now,... sorry to hear they're giving you the run around. At first it sounded scam like, but if it's all going through your account, it sounds legit. Maybe send an email to Ebay's help / assistance directory to request a copy of the policy that now requires this new action.

In digging more it is based on increased sales and making sure I am the one using my account. But, it sure does feel intrusive.

They wanna make sure the 10-99 goes to the right place. 😐

Thanks for sharing, that would get my antennae up too.

A few of the auction houses have done the same to me.

Another update....eBay completed their "micro-deposits" late last night and I confirmed the amounts back to eBay and on we go. To Speedracer's point...one of the tings eBay said was if you had increased the number of sales they do it to verify...but, wouldn't be surprised if a 1099 isn't in my future....glad I have kept records of costs, etc.

I missed part of the question. 28 years. Talked to a couple of other people that got the same emails in their account in the last two weeks. One person said this was the second one they had received.

Here is an AI answer. Might help with some details.

Why Banks Use Small Deposits for Verification
Banks use small deposits to verify an account for several important reasons.

Ensuring Account Ownership
Verification of Access: By confirming that the account holder can see and report the exact deposit amounts, banks ensure that the person trying to link the account has legitimate access to it.

Preventing Fraud: Small deposits help prevent fraudulent activities by confirming the account is active and under the control of the right individual.

Enhancing Security
Authentication: Sending small deposits serves as a form of two-step verification, adding an extra layer of security by requiring the account holder to confirm details that only they should have access to.

Error Checking: This method helps catch any errors in account details, ensuring that the correct account has been linked.

Regulatory Compliance
Anti-Money Laundering (AML): These procedures help banks comply with regulations related to anti-money laundering by verifying customer accounts.

Building Trust
Customer Confidence: By using a clear and simple process that the customer can verify on their own, banks build trust in their security measures.
Using small deposits for verification is a secure, straightforward method that protects both the bank and the account holder.

bottom line .. ...