Becca

lot 3 £356

2005 Full Gold Sovereign still sealed from mint

Hi,

This is not strictly a silver post but I figured if I put it here most should pick up on it.

I have seen a couple of mentions about the new ebay coin / bullion selling regs which are being put into place so to try and pre-empt the major fallout and million questions I contacted ebay this morning.

This is what they had to say.

Hello, thank you for contacting eBay Managed Payments my name is Rob and I am happy to help you today. For the safety and security of your account please do not provide any personal/sensitive information.

Hi, I understand there are some new rules about selling coins ? As you will appreciate I don't want to break any of these rules so would be grateful if you could tell me how I go about this pls

No problem, so at the moment the restrictions on selling coins are mainly to do with the managed payments side of ebay

This is where we pay you directly into your bank account instead of PayPal - at the moment I can see you have not been invited to join Managed Payments just yet would that be correct?

So how do I set this up so I can sell coins without problems please Rob.

So as it stands if you sell mostly coins on your account we will not look to activate you into Managed Payments until we have the catagory fully passed.

Can you explain that. I am not a business I am a private seller and its my hobby

No Problem  - so Managed Payments is what we are calling the new process for seling and being paid on ebay - before this the transactions and payouts were handled by Paypal, whereas moving forward ebay will be handling this for all sellers on the site

Ok, so steps going forward how do I approach this to get it up and working. Personally I would much prefer to use my bank account than paypal

Well thats perfect !  We normally send you an email when we are ready to activate you

We can only take on so many members at a time which is why we are doing this in groups - if you have not receieved an email yet please do not worry

Seeing as you are a private seller who sells mostly coins we may be holding off on your invitation until we have that category passed on Managed Payments - which is due to happen this month

But you said "If you sell mostly coins on your account we will not look to activate you"

So does that mean I need to be selling everything ?

No not at all you can continue selling the way you are at the moment

Once we have the coin category fully passed we will be sending your email to register

Ok, so I do not need to do anything as it is at the moment. I dont need to register or flick a switch in the depths of ebay pages you will come to me ?

That is correct , you dont need to make any changes or take any action right now until you receieve the email from us

Is there a way to move the process along, what triggers the email ?

For yourself it will depend on how quickly we have the coin category passed for selling with private sellers

That is due to happen some time this month so the email could come anytime after that - however we are on-boarding people more and more so it should be sooner rather than later

What will be required for this new managed thingy Rob please

No problem, we would look for the bank account details you wish to be paid into, as well as valid photo ID for verification

You may be asked to upload a bank statement along with the details but that should be about it!

Thank you rob you have been a diamond

You're welcome! Been a pleasure to speak to you today !  All the best and feel free to contact us again whenever you need help

Hope this helps

B