 A huge update just came out for anyone who's dropshipping on ebay. As you may have heard, the managed payment system from ebay already started to roll out and most people living today in the US have already joined ebay's managed payment system. But for all of us international dropshippers, what does that mean? When will we have to join that managed payment system? And how exactly are we going to get paid? How are we going to link the bank accounts? And how is everything going to work if it will work at all? So a new update has come out and I want to talk to you guys about this. We have found a real good solution to all of this. So watch this quick intro and let's begin. What's up everybody? Hope you're all having a wonderful day today. My name is Ruan from AutoDS. I'm the content manager and I've also been dropshipping for the last several years. And in this video, I want to talk to you guys about a cool update that's about to come out. And this one is going to actually give us a real good solution to everything that's going to happen with ebay's managed payment system, which has been rolling out for the last year in the US and will soon roll out to everyone that's selling outside of the US. So let's go ahead and get right to the action right before that. If you're new to our channel, this is the part where you need to subscribe to always stay updated on all of the latest and all of the hottest topics that we have coming out in the dropshipping world. So with that being said and without further ado, what is this update all about? Have you guys ever heard of Payoneer? If you haven't heard of them, it's an online bank account online payment provider system just like PayPal and others that we have. So Payoneer is another online payment solution where you can link your bank account. You're actually getting a virtual bank account from Payoneer when you log into your account, when you register for a Payoneer account, they'll provide you with bank accounts that you can use to transfer money to. And from there, you can link your own bank account to those virtual bank accounts and get your money from there. So Payoneer has been one of the solutions for dropshippers for sending payments or not just dropshippers, but anyone with an e-commerce business. But the point here is Payoneer is now synchronizing with eBay. They have connected, they formed a partnership. And what that means is as soon as we get an email that we need to join eBay's managed payment system, we'll also get a link in that email to link it with Payoneer to register to Payoneer, create the account there. And for those of you who have an account, you'll be able to use your existing account. And what this means is we're going to get paid right at the same minute when we're receiving the payment from our buyers. So there won't be any delay when it comes to receiving payments. Also, we're only going to need to pass verification one time on Payoneer. And then we can use that on multiple eBay accounts. So one verification process and go ahead and open 10, 20 eBay accounts, however many stores you want to have, you won't need to pass a verification for each and every one of them. Since Payoneer is now linked with eBay, just like PayPal was linked with eBay up until today. And your verification on PayPal worked on eBay too. Now your verification on Payoneer is going to work on all of your eBay stores. So multiple eBay stores, no problem with the managed payment system. And this has been one of the most frequently asked questions for people who haven't joined the managed payment system, but they know that soon they'll have to. So eBay stated that international dropshippers will have to join the managed payment system throughout 2021. Today, we're in May. I heard that they already started sending these managed payment system to international sellers since the beginning of March. I haven't received my email yet and you will definitely be updated when I do. And I'll show you how I'm going to take every step of that process and how to get everything done. Let me show you guys an example of how everything is going to work. As you can see here, we got the partnership between Payoneer and eBay, which is a great thing. And for those of you who don't know, anyone who's been using the fulfilled by Autodesk system to fulfill your orders automatically, you can load your managed payments with PayPal and you can also load your managed payments with Payoneer. Now, Payoneer has a much lower fee for sending and receiving payments much lower than PayPal. So for anyone with a Payoneer account and you've opted into the fulfilled by Autodesk service, I definitely recommend that you use the Payoneer service to transfer your funds and manage your balance. So back to the partnership. Payoneer and eBay now form that partnership. Let's see what that is all about. So first of all, they start off by saying that after you receive the invitation from eBay, you'll get a link that will allow you to join Payoneer or link your existing Payoneer account. So read that email and connect your Payoneer account or register for a new one. Now, once you complete the onboarding process, you'll still be receiving payments from PayPal and everything will still work with PayPal until you finished 100% of the migration process. So if you've just registered for Payoneer now and you're trying to connect it to the managed payment system, but you haven't received a verification yet, you'll still be receiving payments through PayPal. So do not worry about that. Now I talked about the identification process for Payoneer. So if you're an existing user on Payoneer and you've already passed the verification center, you may not have to pass the verification anymore, but you never know. Payoneer may ask for verification once again. For individuals, it's actually really easy. You can verify yourself by showing a national ID, a passport or a driver's license and a proof of residence, which is done by showing a bank statement or a credit card statement, something that shows your first name, last name and your address, which matches what you wrote on Payoneer in your account details. For companies, the verification process is a little bit longer. You need to provide more verified documents. So read what you need to do. I'll leave a link right below this video to this page and also to register to Payoneer and get a $25 bonus once you have transferred $1,000 to or from your account. So use that link and get that 25% bonus. It is definitely worth it and it's free money on the table. So the biggest advantages that we're going to get here from signing up to Payoneer or using our existing account and linking that with our managed payment system is once again getting paid much, much faster, much easier through eBay. All of the payments will simply go to our Payoneer account and we will be able to withdraw to our local bank account. You can also use those funds to make free VAT payments, make business payments, send payments to anyone else with a Payoneer account and also easily manage your businesses purchases. Like I mentioned before, using the fulfilled by AutoDS service, loading your managed balance through there. So AutoDS will fulfill your orders using your Payoneer funds and the fees there will be very, very low. So once again, there's a lot of advantages and this is very good news for anyone around the world who was always wondering what's going to happen once I get that email that I need to join that managed payment system and I really won't know what to do and how to put up with it. So stay tuned. I'll let you know when I'll get that email. I'll show you guys every step of the way, every step of the process and once again, there's nothing to worry about. All of the problems, all of the questions, I will answer all of them and we will always stay on top of everything. Great solution for the managed payment system. So do not worry when you get that mail. Thank you for watching. Always stay updated and stay one step ahead of the game. See you in the future videos.