New Life Games LLC

General NLG Chat => Rants and Raves (SEE DESCRIPTION BEFORE ENTERING!) => Topic started by: GOS on October 15, 2020, 03:11:28 PM

Title: EBAY DIRECT PAYMENTS ???
Post by: GOS on October 15, 2020, 03:11:28 PM

Ebay is initiating a new payment process called MANAGED PAYMENTS - what I understand is that sales proceeds will be deposited directly to ones bank account rather than in PAYPAL.  If ALL payments go my checking account on a daily basis - how can i reconcile my account? Anyone have thoughts?

Title: Re: EBAY DIRECT PAYMENTS ???
Post by: rickhunter on October 15, 2020, 04:02:09 PM

If it is done like any other card processor, they should send you a report daily of what is included in your daily deposit, then you can reconcile your accounts through that report and making sure the amount they said they deposited actually gets deposited.

Title: Re: EBAY DIRECT PAYMENTS ???
Post by: GOS on October 15, 2020, 04:19:40 PM

thank  you for your response - guess I will wait and see.