Running your business on eBay is virtually impossible without a PayPal account. PayPal is an eBay owned company with over 100 million users and counting. PayPal has been widely promoted on all 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 likely use it.
PayPal is a very reliable way to receive money into your new eBay business, and it also has the added benefit of having the funds appear in your account instantly.
If you process money through your own online merchant account, it can actually take two to three days for the funds to show up. When new customers are anxiously waiting for your item to arrive, it’s great to be able to ship your item immediately, once payment is received.
There are a number of fees that PayPal charges to process your transaction, but it’s just a cost of doing business, and you should include this cost when you’re researching the feasibility of a product to sell.
As part of the process, you will need to provide an email address. This basically becomes your account number and you will need to choose a password. For added security, do not choose a password associated with your eBay account, and of course, never reveal it to anyone.
The next step is to activate your account by confirming your email address.
Here are some of the great benefits of using PayPal in your eBay business.
o It is the fastest way to receive payments immediately after 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 directly to your bank account
o You can send payments with your credit card or PayPal balance
o You can accept payments by credit card, bank account or PayPal balance
o You can offer PayPal insurance to your eBay customers
o Offer your eBay customers loans, where PayPal pays you the money upfront and the customer pays PayPal back.
o You can register and track all packages, and even provide the buyer with a tracking number
If you want to maximize the potential to make as many sales as possible on eBay, you would be absolutely crazy not to offer PayPal as a payment option for your customers.
