How do transactions work on ebay




















Payment methods policy Learn what payment options are accepted by eBay at checkout. Accepting other payment methods Learn what additional payment methods are accepted on eBay. Was this article helpful for you? Related help topics See other articles in: Selling.

According to folklore, founder and current chair Pierre Omidyar created the site to help his girlfriend deal in Pez candy dispensers.

The company now officially debunks the legend, which was created to add public relations color to this unfamiliar, revolutionary new way of buying and selling.

Today, eBay generates revenue through transactions taking place across its platform and by marketing services, including classifieds and advertisements. Like most of its dotcom boom brethren, particularly the successful ones still doing business today, eBay grew both organically and through acquisitions.

That makes this something of a story of two related concerns. In July of , eBay completed its plan to spin PayPal off into its own company, and in early , eBay announced that it would utilize Netherlands-based startup Adyen as its primary payments service in place of PayPal.

As of the end of , eBay had million active buyers with more than one billion live listings on its platform. Facilitating a site where market participants come together requires more than 50, servers, consuming over 20 megawatts of power, all of it hidden behind the interface of a single unassuming website. The company operates dozens of sites, including the eBay brand localized for different markets from Sweden to Poland to Hong Kong. Even 20 years after its founding, just the description of eBay is elegant in its pithiness: a marketplace for just about anything, with no cost for buyers.

Indeed, individuals can set up eBay accounts in just a few minutes. Once activated, an account allows users to buy, sell, communicate with other eBay account holders and leave feedback after completing transactions. Items can be listed for sale in a variety of ways, with two of the most common being an auction-style method—in which interested buyers can bid increasing amounts on the item—and a straightforward purchase method, where buyers can pay a set price to bypass the auction setup.

Frequent sellers can set up an eBay Store to consolidate their transactions and gain additional benefits. The company also sells classifieds. Individuals wishing to sell items through eBay's platform benefit from the company's massive user base, with listed items potentially reaching dozens of millions of possible customers. However, because of eBay's near-monopoly on the consumer-to-consumer ecommerce marketplace, that access does come with a cost: listing or transaction fees.

The company charges sellers fees to list an item for purchase or transaction costs based on the final value of the item at the successful completion of an auction. Or did you not notice the highlighted listing on each page every time you shop? Some banking holidays may delay your payouts. If your payout is scheduled daily, a banking holiday may delay your payout by up to 2 business days. For example, if the buyer's order is confirmed on Friday, and the holiday is on Monday, the payout will be initiated on Wednesday 2 business days later.

If your payout is scheduled weekly, a banking holiday may delay your payout by up to 8 business days. For example, if the buyer's order is confirmed on Friday, and the holiday is on Monday, the payout will be initiated on the Tuesday of the following week 8 days later. Tip You must add a checking account to receive your funds.

You can't use a savings account or a PayPal account to receive payouts. You can also change your payout schedule in Payments - opens in new window or tab in My eBay. Tip If the buyer pays in a currency that's different to your payout currency, the payment will be converted to your payout currency. The currency exchange rate will be captured at the time of sale and can be viewed in the order details. This exchange rate will apply in the event of a refund. Tracking your payouts is simple. Additionally, each payout has its own unique Payout ID - opens in new window or tab , making it easy for you to keep track of your funds.

If you need to add or change your bank account for any reason, you may update your account information in the Payments tab in Seller Hub. You can use an existing bank account or add a new one. Please ensure that the name, address, and business information if applicable on your bank account matches the name and information on your eBay account.

Instead, you can use your Processing, Available and On hold funds to purchase shipping labels for the items you sell. To purchase labels with your funds awaiting payout, choose Pending payouts under the Select how to pay section in the eBay Labels prompt. You may continue to pay for labels with PayPal, as well. More information about purchasing and using shipping labels is available in the Help Hub.

Get accurate, easy-to-use statements and reports in the Payments tab in Seller Hub, including:. Learn more about reconciling your finances.

The information you share with us allows us to send your payouts and comply with anti-money laundering AML and know-your-customer obligations, which help keep eBay a trusted marketplace. Our data security procedures ensure that the information you share with us is safe. Learn more about how eBay protects your personal information in our Security Center. As an additional security measure, eBay also supports two-factor authentication.

We highly recommend that sellers leverage this additional layer of security. When two-factor authentication is enabled, sellers must authenticate the login credentials associated with their eBay account via SMS or push notifications if they have the eBay app on their iOS or Android device.

Want to boost your sales on eBay? Check out our new eBay Seller School courses to increase your skills as a seller and transform your business on eBay. Seller School courses and videos are free! Find helpful videos, information on selling, and in-depth Help articles in the Orders , Listings , Marketing , Performance , and Payments tabs in Seller Hub.

Locate Learning Resources links on the left-hand navigation in each of these tabs to get started. Visit the Getting Paid on eBay playlist to find helpful step-by-step instructional videos with details on how to get paid, reporting and more. Your fees are netted and deducted directly from your earnings when your item sells. Learn more about Fees. Learn more about Taxes. Find additional details about payouts and managing your earnings by visiting Help Hub. We use the information you provide to send payouts to you and comply with know-your-customer and anti-money laundering AML obligations, which helps keep eBay a trusted marketplace.

We may verify the information you provide to us by obtaining reports from, or comparing your information to, information from third-party sources. These sources may include banks, credit agencies, data brokers, and other service providers. You can delegate important post-transaction customer service responsibilities to your trusted employees—without worrying about compromising the security of your account.

With multi-user account access , you can easily authorize your employees to take on crucial tasks, including managing returns and seller initiated refunds, so you can scale your customer service operation. To authorize your employees now, click here.



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