PayPal fees for eBay sellers – Ever since eBay acquired PayPal as a payment method in 2002/03, the relationship between the two company’s has not dropped a bit, eBay and PayPal had an established history together.
As an eBay seller, the more payment option you choose for your bidders, the more bidders your item attracts and your selling on eBay goes smooth. The relationship between PayPal and eBay is inseparable because eBay provides the items to be purchased while PayPal provides the resources and means of payments to be used.
eBay is a favorite destination for online buyers who wants to have a quality bidding of the items they want to buy, while PayPal is the most reliable online payment system used for a transaction.
You can earn a whole lot of cash selling items on eBay but you need to understand that this cannot be done for free, you need to pay some fees. You do not only pay eBay for listing and selling items in the platform, but you’re also going to cover PayPal fees because you’re using PayPal as a payment method.
eBay is an online marketplace with millions of items for sale, but it’s best means of payment is PayPal. PayPal allows eBay users to send and receive money without involving a debit or credit number.
PayPal is an online payment service that enables you to send and receive payments, it is safe to use and widely accepted in a very 15countries worldwide. Create a PayPal account, and start enjoying the benefits of having a PayPal account.
Benefits of having a PayPal account
Having a PayPal is a good idea and it comes with a whole lot of benefits, which includes;
- As a PayPal account, I need, you’re able to transfer money from your PayPal account to other people’s PayPal account.
- Transfer money from your PayPal account to your savings account.
- Get a PayPal debit card that you can use to make real-time purchases from your PayPal account.
- Transfer money from your bank account to our PayPal account.
Nowadays, it is very common to buy items online from sellers in another country and make payments. PayPal is an efficient and trusted means of purchasing items online from anyone and even from eBay.com.
PayPal transfers between sellers are done immediately and transfers from PayPal accounts to bank accounts takes a minimum of 24hours.
What PayPal fees will an eBay Seller incur?
eBay receives payment from buyers for their listed items purchased via PayPal, PayPal then determines and charge fees for using their services. Every eBay sellers incurs fees from PayPal for every transaction carried out on eBay site.
The PayPal fees are deducted from the payment the seller gets from the buyers – this simply means PayPal deducts fees from the seller’s payment for the total amount of listings, price, and sales.
PayPal usually deducts a fee of 2.9% + $0.30 per transaction.
Note: as a person in business, you must always take into account your outgoing costs as well as your incoming profits.
The cost of your initial listing is the beginning of your advertising budget for your item, you have to factor in the cost of all the options and features you use as well.
If you use a credit card payment service such as PayPal, you have to note that PayPal also charges you a fee.