Capital 360 online banking12/10/2023 ![]() ![]() They offer banking services and also offer investing services. It has two sides to their offering and it’s pretty cool. Only available on App currently (this may change in the future)īetterment is an interesting one.No rewards available with the free option.Accounts cost $8-15 if you want to use the app with your partner or kids.That might mean there are still some bugs that need to be worked out. It’s currently being beta tested (not yet finalized).Several people (couples and families) can can connect to the same account.This was kind of a deal breaker because when Melissa is doing our Profit/Loss sheets and budget, she likes to work from the computer.īut if you are someone who does everything from your phone it could be an awesome fit for you. With that said, we were still interested in using Qube as an outside bank account for eBay.Īnd then we realized that they were a mobile app only and we couldn’t access our account on a laptop or desktop. However, that doesn’t mean you can’t use these great tools for your own budgeting needs! My wife Melissa does our budget and still prefers to do it on a spreadsheet so she didn’t want to switch to their tools. ![]() Qube is a cool account because it comes with some budgeting tools that are pretty nifty. I signed up and it seemed really awesome! Something I would have totally wanted to recommend to you, but after 2 months in, they were bought out by another company and were shutting down these types of accounts. We used Paypal as a separate account and it was great for keeping track of all of our tax details throughout the year.Īfter listening to a podcast one morning on our run I heard a pitch for Azlo – an online banking account perfect for small businesses & entrepreneurs. Before when we had Paypal, it was no problem. When we found out we were being switched over to managed payments last fall, I started looking into different options for separate bank accounts. You can read more on reseller taxes here. You could use your own personal bank account and have eBay do a direct deposit, but that’s not something we advise.Įven if you are just doing this as a small side hustle, we still recommend a separate account because it’s so much easier for accounting purposes!Īnd yes, even if you are doing this as a small side hustle you should still keep records of what you are making – and you are still responsible to report taxes on them (And also share with you what we decided to go with!)īut before we jump in, do you even really need an extra bank account? I want to give you some of the pros and cons of each account so you can decide what’s best for you. We wanted to keep our eBay business accounting separated from our personal bank account so we looked into several different options once Paypal was no longer an option.Īnd when I mean we looked into them, we signed up for a few of them before realizing they weren’t a great fit and I’m pretty sure our credit took a hit for it.īut it was still worth it to check them out so we could share what we’ve found with YOU! Switched over to eBay managed payments but still want to keep your eBay business income separate? But there are so many options out there, how do you choose the best bank for you to use with ebay’s managed payments? This post contains affiliate links, please see our full affiliate disclosure for more info. ![]()
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