Does Your eBay Business Need A Paypal Account?

PayPal, which is now owned by eBay is a trusted leader in online payments and enables buyers and businesses to send and receive money online. It is the most used method of payment amongst eBay buyers and sellers, and now boasts additional auction features and tools for tracking your sales.

If you offer Paypal in your listings you'll find you will sell a lot more than your competitors who do not offer this type of payment. Using Paypal a buyer can login and send payments to you within minutes of the auction ending. Instant payments dramatically speed up the entire transaction as neither party are relying on the postal service to deliver checks. This also removes the depositing process where you would need to allow 4-5 days for the funds to clear in your bank. In turn, this allows buyers to receive their goods far faster, which will make for a very happy customer.

We've established why buyers like the ease Paypal; but is Paypal such a good option for sellers?

Whilst Paypal is the easiest and fastest way to accept eBay payments, it does come at a cost. For each payment you receive Paypal takes a % as a commission. It is the seller who pays for these charges, not the buyer.

This is something you may want to take into consideration when listing your items. If you generally sell high priced items, with Paypal taking a % of each transaction, can you really afford to offer PayPal as a payment method? If you are a high volume seller and consistently sell over a few thousands dollars each month you can actually apply for a fee reduction. Paypal do not advertise this so you will need to locate the appropriate form on the Paypal website.

If you are a frequent seller you will begin to notice a substantial amount of money accumulating in your Paypal account. You now have the option to do two things; either withdraw the monies to your personal bank account, or spend the money on either eBay or websites that accept Paypal. Personally, I always try to keep money in my Paypal account to cover my eBay fees, this way I don't have to fear eBay debiting my bank account when I am least prepared for it.

If you wish to transfer money to your bank account, it can be performed with just a few simple clicks. It will take only a few days for the money to appear in your bank account. You may find however, if you withdraw less than around $50, Paypal will charge a small fee. So you may decide to wait until you reach this bracket to withdraw any funds.

So in conclusion, whilst there are other alternative payment methods I find Paypal, very much the quickest and easiest. Personally, I have been a Paypal member for several years and processed thousands of transactions through will with no problems whatsoever.

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How to Get a PayPal Account and Credit Card For Your Business

PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders.

PayPal performs payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee. PayPal is one of the most recognized payment methods in the world. There are over 170 million members using the system. They have built up a trust factor on their own though eBay and on their own over the years by being careful and many say over protective in their responsibilities.

Right now, PayPal operates in 190 different markets, and currently manages over 170 million accounts. PayPal allows customers to send, receive, and hold funds in 18 currencies worldwide. You can use it to get payments from customers, from websites and from other affiliate programs. It is a very secure method of payment, since the person receiving the payment is paid through PayPal and then PayPal debits your account. There is a processing fee per transaction but that's the price you pay for security.

If you are doing business online, you should get a PayPal Debit/Credit Card so you can use it to make your purchases offline as well as online. You also can withdraw from any ATM with it as well. PayPal allows you to connect to your checking account or link to an existing credit card.

You can count on PayPal to be a secure method of receiving and sending online payments. There are other online payment systems available, but PayPal is one of the originals and is very easy to use. You can also sign up for their credit card registered with MasterCard.

Many people will not buy items if they cannot use their PayPal account. There are no start-up costs; you need a bank account for some verification deposits into your account, other than that it is pretty simple.

Here are the steps to getting started:

Sign up now for an Account/ business owner's name, address, and email
Enter your Business name and address
Enter your Customer service information
Use it to accept credit cards, bank transfers, and PayPal balances
Save money and sell more with our merchant solutions
Verify your information.
Confirm email address
The email address you used to sign up
Add and confirm bank account
Enter your bank's name
Enter your account and routing numbers
Enter the name associated with your bank account

It might take up to 3-5 business days for the bank's system to record your transaction and validate the test deposit. Once that is done, go to your PayPal account and click the validate section to complete the process.

After you are done, you can accept credit cards, bank transfers, debit cards, and more! Plus, your customers can pay you instantly, even without a PayPal account. This is a great way to get started in an online business.

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