Selling on Ebay?

Question

I am going to try to start selling on Ebay. Some good products from home that I no=longer need. Anyway, does anyone know a little about PayPal, I'm already signed up for it, from buying products on Ebay, and using my credit card, but I;m wondering if you sell a product, does the money go back on that credit card, or do you give Paypal a Checking or savings account #, for the money you receive from your product that was purchased. I would think that having the money you make on ebay to go into an bank account would be the way to go. Any advise or experience would be great.

Answer 1

If you want to allow people who buy from you to pay by credit card via PayPal, you have to open a seller's account. You don't have to pay a fee to set up a seller's account, but they do charge you a small fee per transaction.
When someone pays you through PayPal, the money is deposited into your account there. From there, you can transfer it (for free) into your bank account.
For more detailed info, check out this site:
http://www.paypalmerchants.com/

Answer 2

Ditto, what the person above me said. You just give paypal your information and they will do all the work. Be prepared for all the troubles with E-bay. I sold for awhile. but ultimately stopped,due to alot of non-payers and just the running back and forth. I suggest you learn shipping and handeling because in the begining I made alot of mistakes and actually lost out on a profit.
Also make a return policy or else people will get you for everything.
Good Luck and have alot of fun maying that extra cash!

Answer 3

You can tell Paypal to send the money to your banking account. You have to do each transaction - they don't do it automatically

You can also eventually get a Paypal debit card to access your Paypal funds through any teller machine.

Answer 4

Yep you can provide your bank details to paypal and they will deposit the money for you.