Reasons Why You Should Accept Paypal When Selling On Ebay

Interested in making money online? Well, there are many online auction sites in which you can do so

. The most popular being eBay. You may think that may be eBay is the easy way to earn fast cash, but you are wrong. Many things come to play, especially if you want to be a reputable eBay seller. You need to have good, quality items to sell and a detailed description accompanied with clear pictures of items. But the most important factor to take note is the payment methods you accept for auctions. To be successful, it may wise to accept wide variety of payments including personal checks, money orders as well as the most popular method, PayPal.

PayPal is the most preferred way of all payment methods on eBay, although there are a few sellers that do not accept PayPal as a mode of payment. After setting up your eBay seller account, you might want to sign up for a PayPal account after that. However, you can still make money by accepting other forms of payment, but with PayPal, you will increase your chances of a successful sale. Here are some reasons to why you should consider getting a PayPal account.

When getting a PayPal account, there are two options in which you can choose. A personal account or a business account. As you are a seller on eBay, it is wise to sign up for the business account as it allows you to accept credit cards as a mode of payment. However, the difference between a personal account and a business account is that the PayPal fees imposed are different, in which PayPal will bill you a small fee every time you receive a payment from your buyer.

As PayPal fees might be a turnoff for many eBay sellers and yourself, you should still consider getting a PayPal account. By accepting PayPal as a form of payment, more customers will rely on it to shop on eBay. Do not worry if you think the PayPal fees will cause a drop in your profits. When your sales go up, the fees will easily pay for themselves and they can even be tax deductible.

Another reason to why most eBay buyers prefer PayPal than other payment options is that PayPal gives them a sense a security when purchasing online. Buyers do not have to reveal any credit card numbers or bank account information, as these are securely stored in PayPal's system. The buyer only has to follow the instructions sent by you via your invoice and then do the transaction on PayPal. No private information or numbers will be shared between participating parties.

If you have not started accepting payments through PayPal, this is time to do so now. There are many benefits shared from above and you can always visit PayPal's website, PayPal.com, to find out more information about some of their features.

by: Leslie Yc

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