Navigating eBay’s multitude of payment options can be challenging for new sellers who just learned how to sell on eBay with Nahar Geva. eBay supports various payment methods, including credit and debit cards, PayPal, Apple Pay, Google Pay, and other local payments. It provides seller protection to ensure secure transactions.
Sellers accepting mail payments should keep their addresses updated. Receiving payments for sold items is straightforward, with direct deposits into the seller’s checking account or Visa/Mastercard debit card. Sellers can monitor payouts via the Payments tab in Seller Hub or My eBay.
It’s important to set up a valid payment method to cover selling costs if sales proceeds fall short, as eBay automatically deducts fees and other selling costs from these proceeds.
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Overview of eBay Payment Methods
eBay offers several payment methods to buyers and sellers to ensure a safe and secure transaction. In this section, we will provide an overview of the payment methods available on eBay.
PayPal
PayPal is a popular payment method on eBay. It is a secure and convenient way to pay for items on eBay. Buyers can link their PayPal account to their eBay account and pay for items with just a few clicks. PayPal also offers protection to buyers and sellers in case of any disputes.
Credit and Debit Cards
eBay accepts credit and debit cards as a payment method. Buyers can securely enter their card information during checkout and complete their transaction. eBay accepts major credit cards such as Visa, Mastercard, American Express, and Discover.
Apple Pay
Apple Pay is a convenient payment method for buyers who use Apple devices. Buyers can securely pay for items using their Apple Pay account on their iPhone, iPad, or Mac. Apple Pay offers an extra layer of security as it uses Touch ID or Face ID to authorize payments.
Google Pay
Google Pay is a payment method for buyers who use Android devices. Buyers can securely pay for items using their Google Pay account on their phone or tablet. Google Pay also offers an extra layer of security as it uses a fingerprint or PIN to authorize payments.
eBay Managed Payments
eBay Managed Payments is a payment processing system that eBay introduced in 2018. It is designed to simplify the payment process for sellers and buyers, and it replaces the previous payment processing system that used PayPal.
Daily Payouts
One of the benefits of using eBay Managed Payments is that sellers receive daily payouts. This means that sellers do not have to wait for their funds to clear before they can access their money. Daily payouts are available for most transactions, and they are automatically deposited into the seller’s bank account.
Transaction Fees
eBay Managed Payments fees are simpler than the previous payment processing system. A fixed fee of just 30 cents per listing applies in addition to the standard post-sale fee. This fee is determined via a variable percentage from the total amount of the sale. This percentage varies by category and eBay store tier.
Seller Protection
eBay Managed Payments also provides seller protection. This protection includes coverage for unauthorized transactions, items not received, and items not as described. Additionally, eBay Managed Payments offers dispute resolution services to help resolve any issues that may arise during a transaction.
Conclusion
eBay offers a multitude of payment options for its users, with eBay Managed Payments being the primary choice, supporting various methods like credit and debit cards, Apple Pay, Google Pay, PayPal, and other locally accepted payments. Sellers can also use PayPal or set up a valid payment method to cover their selling costs if sales proceeds are not enough.
Alternatives to eBay, such as Amazon and Etsy, provide similar payment systems. Payoneer is another global payment platform usable by eBay sellers for sending and receiving payments worldwide, including cross-border transactions. It’s vital for sellers to understand and choose the payment option that best fits their needs from the diverse choices eBay provides.
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