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Seller's account through PayPal and EBay?
I'm gonna sell some stuff on EBay. I have a PayPal account, but have only bought stuff with it. I've never registered as a seller on EBay.
What's the process for selling stuff and receiving payments through PayPal? Do you have to have a checking account to link with PayPal? I have a basic savings account @ a bank but can you link that to PayPal or does it have to be a checking account? I have a couple credit cards already on PayPal that I've used to pay for stuff. But, I was thinking of opening a basic checking account at a bank just for PayPal. That way, that account will only be for stuff I've sold. I guess if anyone can give me the basics when it comes to selling stuff/PayPal/and having that linked to a credit card or checking/savings account, that would be fantastic...
1 Answer
- ?Lv 77 years agoFavorite Answer
You will have to have either a checking account, a REAL debit card attached to a checking account or just a checking account. If you only have a personal PayPal account you might want to consider upgrading to a seller account or you may be limited in how much you can receive in a year.
There are many more things you should look into before you start. Including the fees involved. Both eBay and PayPal charge fees. Since you will be a new seller PayPal will also put a hold on your money that can last up to 21 days before they release it. You will need to be able to figure out the exact weight of your items, (a single ounce can make a difference in shipping costs), unless you are using Flat Rate boxes, (not a good idea if you are shipping light weight items).
You will also need to figure out a clear and concise return policy, (there's no such thing as no refunds in the real world). You need to exactly describe your item with any flaws noted or face a lot of returns in your future. You need to take bright sharp photos with a real camera and not your cell phone.
Do lots of reading and ask lots of questions.