People with PayPal accounts can send money to each other securely online. You can deposit money in a PayPal account from a bank account or a credit card, and withdraw money to your bank account. It is the most common way of paying on eBay, as well as being in widespread use on the rest of the Internet.
Opening a PayPal Account
It's very easy to get a PayPal account. Just go to official PayPal site and click the 'Sign Up' link. As a buyer, you should get a Personal account - you can always upgrade later if you decide to start selling. Then all you need to do is enter your address, phone number and email address, and create a password, and two secret questions. You'll be emailed a confirmation, and then you're done!
If you want to deposit money into the account now, then you need to register a credit or debit card or your bank details, and if you want to withdraw money then you need to register your bank details. There's no need to do anything like that just yet, though.
Paying with PayPal
Paying with PayPal is very simple. When you win an auction and click 'Pay Now', you'll be given a list of payment methods the seller accepts. You should always check what the seller accepts before you bid, as there are still some sellers who won't take PayPal. If the seller does accept PayPal, it will already be chosen for you on the payment page.
Now you just need to press 'Next', type in your PayPal username and password and confirm the amount you want to pay. The first time you pay with PayPal you will need to enter the details of your card or bank account, but after that it will remember for you.
Becoming Verified
You might have noticed that there is a limit to how much money you can send or withdraw using PayPal before you need to be verified. Verification has two steps. First, PayPal deposit some very small amounts of money in your bank account and you need to tell them how much they deposited. Second, they need to phone you to confirm your address and phone number. Once you've done that, all the limits on your account will be lifted. Log in at the official PayPal site and click on 'Get Verified' for more information.
While you've been paying for your items, what you might not have realised is that eBay occasionally offers money off coupons.
You finally decided to sell your grandpa's old ?Goyzen Plemmer? (What is a Goyzen Plemmer? Well, if you have a Goyzen it will Plem it.) You dug it out of the trunk in the attic, shined it up, and took pictures of it that are good enough to appear in Vogue magazine. You listed it with a well written description, and diligently attended to the auction and the questions of all of the buyers until, at last, the old thing sold to an elated winning bidder for $300.00 more than you ever expected. After the sale you sent the buyer an invoice with a note about your preferred forms of payment and a confirmation of the company that would be delivering it. You even closed with a kind word of thanks. Then, you waited for your happy buyer to send out his payment. And you waited. And you waited.
A week after the buyer's payment should have arrived you contacted the buyer again and found that he had innocently forgotten to send the payment out as he had agreed. Being the professional and compassionate eBayer you are, you accepted his apology and told him that you would be happy to let him send out the payment at this time. You assured him that you would send the item he had purchased as soon as you received his payment. Then, you waited to receive it. And you waited. And you waited.
After another week elapsed, you contacted the buyer once again. This time, however, the buyer was not so pleasant about the matter. In fact, he told you that he had changed his mind about making the purchase and that he didn't intend to send you a dime. Furthermore, he told you to quit harassing him about the matter, and that he didn't have any obligation to follow through with the purchase if he didn't choose to do so.
eBay doesn't agree with buyers like this. eBay's User Agreement is very specific about the commitment and the legal obligation buyers assume and agree to when they register with eBay. eBay's Unpaid Item Policy and User's Agreement make clear that buyers must pay for the items that they commit to purchase.
There are four steps to eBay's Unpaid Item process as follows:
1. Sellers begin by filing an Unpaid Item Dispute.
2. eBay will contact the buyer and remind him of his obligation and how to proceed.
3. The buyer is presented with prefabricated options to communicate to the seller.
a. I want to pay now.
b. I already paid.
c. I want to communicate with the seller to resolve the problem.
4. The seller can choose to close the dispute after the buyer has responded, or if the buyer has not responded after 8 days.
There are some other details that are important and you should make it a point to review them. eBay also provides free re-listing for the seller. Unpaid Item strikes do not affect a user's Feedback Score or Feedback Profile.
Bruce Moilan has sinced written about articles on various topics from Marketing, How to Sell on Ebay and How to Sell on Ebay. Increase your credibility...and your bottom line! Sellsi helps build trust in online auctions. By representing only the best eBay sellers, Sellsi has created a network of the most reputable merchants on the web. The Sellsi Seal instills confidence and add. Bruce Moilan's top article generates over 9900 views. to your Favourites.