I was going along happily buying and occasionally selling items on Ebay. All of a sudden, Paypal tells me I have hit my sending limit. I have been buying and selling for many years, with nary a problem during all that time. And suddenly, they can no longer do business with me unless I provide my checking account information or get their credit card.
I was irritated, and vowed not to deal with them again.
Fortunately, many times you can “check out as a guest” to get around actually having a Paypal account. That solved that issue, at least for a time.
I decided to find an alternative to how to sell things. I’m not quite comfortable selling on CraigsList, for several reasons. That choice is out.
I discover selling items on Amazon. Aha, I think. Problem solved. Well, not quite … Amazon wants my checking account number too, to disburse proceeds from item sales. Since I had already listed an item before discovering this niggly point, I reluctantly provide the needed information.
Then I go to sell some old games on Half.com. What!? They TOO want my checking account number. Geez. I can’t boycott the whole world!
Then, I get a BFO (Blinding Flash of the Obvious). Create a new, online checking account just for selling on various web sites. There are a couple of quite established online banks in which I decide I have confidence. Now, I only have to give ONE company (the online bank) my real checking account number, so I can transfer from the online account into my real one. And all these places who want my checking account information get the new “selling proceeds” account number. It will never have even $100 at any given time probably, so I don’t mind giving that account number out freely.
Truly, problem solved. It’s not too difficult to set up an online checking account, though it does take a couple of days. And it makes me feel as if I have protected my checking account number by not giving it out quite so much.