Running your eBay business is just about impossible without a PayPal account. PayPal is a company owned by eBay with over 100 Million users and counting. PayPal has been promoted extensively throughout all of the eBay websites, as the most respected and trusted, payment-processing option available.
As a result, most people looking to spend money on eBay prefer to have this option available and will probably use it.
PayPal is a very reliable way to receive money in your new eBay business, and it also has the added benefit of funds appearing in your account instantly.
If you process money through your own Online Merchant Account, it can actually take two or three days before the funds will appear. When new customers are anxiously waiting for their item to arrive, it’s great to be able to send out their item immediately, once payment is received.
There are a number of fees PayPal charge for processing your transaction, but it’s just a cost of doing business, and you need to include this cost when you’re researching the viability of a product to sell.
As part of the process, you’ll need to supply an email address. This basically becomes your account number, and you’ll need to choose a password. For extra security, don’t choose a password associated with your eBay account, and of course never reveal this to anyone.
The next step is to activate your account by confirming your email address.
Here are some fantastic benefits for using PayPal in your eBay business
o It’s the quickest way to get paid immediately upon making a sale
o Use your PayPal balance to pay for other online transactions
o You can withdraw funds from your PayPal and transfer the money straight into your bank account
o You can send payments with your credit card or PayPal balance
o You can accept payments from credit card, bank account, or PayPal balance
o You can offer PayPal insurance to your eBay customers
o Offer loans to your eBay customers, where PayPal pay you the money up front and the customer pays back PayPal
o You can record and track all parcels, and even provide the buyer with a tracking number
If you want to maximise the potential to make as many sales as possible on eBay, you’d be absolutely mad not to offer PayPal as a payment option for your customers.