Your eBay Merchant Account | Setting up your eBay business

Make Money With eBay Guide

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This article is intended to explain the importance of using a merchant account on eBay. Please leave us comments, questions, or success stories so that we can improve this guide.

Your own Online Merchant Account
Using you own online merchant account is a good way to process a money transaction. To do so you must have a web site setup to process credit cards. You may not have that option at this point, but may want to look towards it in the future.

You will have to instruct the winner of your item to go to your web site to complete the transaction. This may sound easy enough and if you are familiar with setting up a new product page on your web site it can be. You will probably have to setup a product page specifically for this item because the selling price of the item will be determined by the winner's bid, prohibiting you from setting all of the information ahead of the transaction.

If you do have a web site set up already, there are positives to processing the money transaction this way.

• Bidders can become familiar with your web site and what you market on it.
• You may be able to get your money into your account a little faster than through PayPal.
• One of the draw backs to using your own online merchant account is that bidders, particularly as you build your positive feedbacks, do not know if you are trustworthy as an eBay member auctioning items. Having your own PayPal account will give your auctions additional credibility and safety for members bidding on your item. You should, therefore, get more bidders and bids if you have done everything else well.

Advantages of Using PayPal
Through PayPal you can accept payment from:

• All four major credit card companies
• The winner’s bank account
• The winner’s PayPal account balance
• International buyers

PayPal offers you and the buyer these safety benefits:
Your auction bidders know and trust PayPal so they are more willing to do business with you.

Your buyer is protected up to $500.

PayPal protects you, the seller, from fraudulent buyers as they monitor auctions watching for such eBay members. Buyers can pay you by check through PayPal .Buyers do not have to have a PayPal account to pay you.

Continue to Setting Your Auction