When I sell somthing on ebay where does the money go to. And how do i get it?

Question

Im thinking about selling somthing on ebay.

Answer 1

That is something you get to decide.

Once the item as been "sold", you are responsible to contact the buyer and arrange payment. Most common method is a money order. The buyer purchases the money order for the amount of the sale (shiping, etc) and sents it to you. Then you mail the item. Recommend you NOT take presonal checks as they can bounce, while a money order will not.

Or you can set up a PayPal account. When you set up an account, you give PayPal the information for your bank account. When the deal of completed, the buyer contacts PayPal and has them transfer the sale price from their bank account to yours. So as the money shows up, you ship them the item. There is a small fee (something like 3%) to use PayPal.

Answer 2

If you sell something you can get paid by cheque, cash or PayPal (instant payment). Cheque and cash is obvious but with PayPal in kind of 'sits' in an account and you can draw from it and transfer the money to you designated place - mine goes to my bank account. If you read through all the blurb on the ebay pages you're bound to come across some more information. Good luck with making some money!

Answer 3

The money goes to you!

Most people pay for things with Paypal. Go to paypal's website, and set up an account. You can link it to your credit card and bank account to allow you access to the money you receive into your account.