In 2002, eBay bought the PayPal platform for $ 1.5 billion, and turned it into the way it buys and gets paid for the items it sells via the mega auction site.
But some sellers may not be able to sell items on eBay at all without linking to a bank account.
The e-commerce company has sent a warning to users explaining that they need to add a bank account by February 14, otherwise the ability to review or re-list existing listings, or create new ones, will be suspended.
The e-commerce company said: This date is not the deadline for every seller, but rather it is rolled out in stages, and a quick web scan shows that this step has been going on for at least two years.
According to the eBay platform, this is not the final stage, and the offering will not be completed until 2022, and she explained that the majority of sellers will have payments managed by eBay by the end of this year.
And it appears that linking the bank account to your personal account might not be the only inconvenience here, as you may wait longer to get your money, as eBay's managed payments site notes.
Three to six business days is theoretically a long time to wait for funds that would have appeared immediately in a PayPal account.
The e-commerce company explains that most sellers should pay less than before, and offers a variety of case studies on this page - but it's not like eBay is keeping savings.
Previously, an e-commerce company usually took a fee of 10 percent, PayPal took a fee of 2.9 percent for a total of 12.9 percent of what it gets, and an e-commerce company now charges a 12.35 percent fee in the same positions.
Although the illustrations displayed within the e-commerce company’s website show you that you are saving a large chunk of money when you revoke the middleman, you can notice that the new medium is eBay itself.
