Earlier, eBay announced that it would launch in Greater China Manage payment services，Further modernizing its trading platform while bringing a more simplified experience to its customers. ???? (eBay will launch managed payments in Greater China) Managed payments will be available to buyers Greater flexibility and payment options, And make it easier for sellers to manage their businesses.

To meet the needs of sellers in the Greater China region, eBay will partner with Payoneer, a global leader in payments, so that sellers can easily receive funds related to the transactions they complete on the eBay platform. The partnership will enable sellers to easily manage all their transactions on eBay's platform, Provides a simplified sales experience and flexibility in managing funds. When eBay offers managed payments, the money paid by the buyer is transferred to the seller's Payoneer account, not PayPal. Payment for all sales will be made in US dollars.

EBay will begin inviting Sellers to sign up for the managed payments service in March 2021, starting with Business Sellers that are compatible with the managed payments service. To meet the requirements of this change, the seller's eBay account information should be kept up to date.

At the same time, If the seller's eBay account wants to register and manage the payment service smoothly, the following information needs to be provided to verify the identity and business information of the seller to ensure compliance with the regulations:

► If the seller already has a Payoneer account, make sure the Payoneer account details match their eBay account

● Credit card information - During the registration process, sellers need to link their credit card to their eBay account. This credit card will be used to cover fees related to refunds/disputes

registered address of the enterprise is Chinese mainland Sellers need to prepare the following additional information:

●  identity and contact information of the legal representative

registered address of the enterprise is Hong Kong or Macau, China  seller needs to prepare the following additional documents:

● Name, address and date of birth of company director

registered address of the enterprise is Taiwan, China The seller needs to prepare the following additional documents:

● Name, address and date of birth of chairman or director

If a seller receives an invitation from eBay, it is recommended that the seller register before the deadline to avoid any disruption to the seller's business. Most sellers will receive invitations to sign up for the managed payments service in March and April 2021.

Upon completion of the registration, the seller's account will enter the pending administrative payment state. EBay will notify sellers of the specific activation date in advance, and there will be no change to the seller's account or collection method until then. eBay will notify sellers of the activation date in advance and share more information about the change with sellers.