This new system aims to provide buyers and sellers a more streamlined and efficient payment experience. New eBay Payment SystemĮBay rolled out a Managed Payment system in 2021, allowing sellers to receive their payments through eBay instead of PayPal.
Choosing “ Payment Methods” from the dropdown menu under the “Account” tab will enable you to do this.īased on the payment method you select, the proceeds from your sale will either be moved to your PayPal balance or transferred to your account. Your eBay seller account needs to be linked to a payment method first. Your sales proceeds will then appear as Processing Funds after the selling fees and other expenses. Payments from eBay sales will be credited to your linked checking account. You can begin selling products on eBay after linking a payment method. Credit or Debit Cards: You can use these cards to make eBay purchases.This also has eBay Managed Payments fees. eBay Managed Payments System: With this brand-new platform, payments are processed and deposited into your account.Just keep in mind there will be PayPal fees associated with this payment method. PayPal: You can connect your PayPal account to eBay and use PayPal to get paid.Bank Account: After your bank account and eBay Seller account are linked, you can move the money you earned on eBay into your savings or checking account.Sellers will receive an email asking them to make the switch away from PayPal.The following payment methods are available on eBay: The changes are being rolled out to private sellers already and everyone will use this new process by the end of 2021. Donate to charity - When listing your item, consider donating a percentage of the sale to a cause of your choice – from 10% to 100% - you can donate the funds raised from your item straight from the platform.Ĭustomers have been able to pay using PayPal, credit or debit card.ĮBay will continue accepting these payment methods and will now accept Apple Pay and Google Pay too.Be realistic with pricing - Try searching for similar items on eBay, to make sure you’re going for the right price and always ask yourself "would I pay this price for this item?".The longer your item is listed, the more chance of people seeing it, so unless it's time-sensitive, pick seven days. Opt for seven-day auctions to ensure the max number of bids. The busiest time for buyers is Sunday evenings, so schedule your listings to end around that time. Selling Sundays - Get the timing right.Here, you can view the price the item has sold for and get insight into how others have listed it. Look at past sold items- eBay has a function that allows you to search for the item you want to sell and then filter the results by sold items.Be as detailed as possible - Be honest about the condition of the product and be sure to note any wear and tear.For best results, take photos in natural light against a neutral background and be honest about any scratches or damage to the item.
Pictures are important - Most users will not bid on items they cannot see.Choose the right category for your product - It might sound obvious but it’s important to always choose the most specific category to sell in.Use key words - eBay automatically filters listing titles for key words, so it's crucial to use the terminology people search for - especially brand and product names.
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