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How to Add Credit Card to Ebay Seller Account

How to add payment methods on ebay

How to add payment methods on eBay?

How to add payment methods on eBay?

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Selling on eBay has its perks. You get to cater to a vast audience of over 187 million active global users while competing amongst the best and top-rated sellers. eBay has always been a paradise for buyers and sellers alike. And over the years, it has introduced various upgrades that benefit them.

Payments happen to be one of the most prevalent services that each seller needs to set up when selling on eBay. Payments through Paypal on eBay are now soon going to be a thing of the past. This blog will take you on the entire journey of how the payment process on eBay works and how to add them.

eBay introduces various upgrades through regular policy updates now and then. The latest of them includes the introduction of managed payment methods. The introduction has made things simple and efficient for its sellers.

eBay payment Methods

eBay has always been the marketplace that simplifies the selling process for its sellers. Previously one could simply follow the given steps to set up their payment process through eBay.

These payment methods also specify your buyers on how to pay for their purchases. Therefore, here's a detailed explanation of how you can set up various payment methods on your eBay seller panel.

Your top concerning "How to's"

  1. How to link eBay and PayPal
  2. How to verify PayPal account on eBay
  3. How to add a Debit card on eBay
  4. How to add an automatic payment method on eBay
  5. How to add managed Payments on eBay?

Previously one could simply follow the given steps to link and authenticate Paypal as a payment method on eBay.

#1. How to link eBay and PayPal

Earlier, with PayPal managing the payments for eBay sellers, one could simply follow the following steps to link their eBay account with their PayPal account.

  1. Click on the top left corner of the eBay panel and then click on Account settings.
  2. Go under the Payments section and click on the PayPal account.
  3. Here, you can create a new PayPal account by clicking on sign-up, or you can link your existing account by clicking on Link my Paypal account.
  4. After clicking on either of the options, you will get redirected to PayPal for further verification processes.

#2. How to verify PayPal account on eBay

Once the eBay account got linked to your PayPal account, you had to authenticate the same by redirecting to the PayPal site.

  1. Click on the top left corner of the eBay panel and then click on Account settings.
  2. Go under the Payments section and click on the PayPal account.
  3. Click on become verified.
  4. After clicking on the verified button, you will be redirected to the PayPal site to complete Paypal account authentications.

#3. How to add a Debit card on eBay

While PayPal covered a majority of payments option, adding a debit card included a few simple steps through which one could get

  1. Click on the top left corner of the eBay panel and then click on Account settings.
  2. Go under the Payments section and click on the Payment Options.
  3. Click on the add payment option.
  4. Select the option of Credit or debit card. After that, fill in the required information.
  5. After filling in all the required information, click on add.

#4. How to add an automatic payment method on eBay

Adding automatic payments meant auto-debit and aur payment benefits for the sellers when they had to pay their monthly seller fees.

  1. Click on the top left corner of the eBay panel and then click on Account settings.
  2. Go under the Personal Info, then click on the Business info.
  3. Go under the financial information tab, click on Update your automatic payment method.
  4. Select any one payment information among the PayPal, Checkout account, credit, or debit card.
  5. After that, add the required details and then click on save.

eBay says: Once you set up a payment method, we'll automatically deduct any amount due on the date specified on your monthly eBay invoice. If you need to, you can also make a one-time payment for your seller fees.

Before the deduction of your amount, eBay will mail you a monthly invoice. The invoice contains all the details related to the fees. The fees include listings, sales, subscriptions, refunds made by the customers, shipping label charges, and the payment date.

However, you can make a one-time payment to eBay. You can do it on any day of the month. To avoid duplicate charges, you can also make a one-time payment before the end of your invoice cycle.

PayPal and eBay

Although PayPal has been the preferred payment method included in the setup process for sellers as a payment option on eBay since 2003. Things were smooth until eBay and PayPal split in 2015.

The operating agreement, however, meant that PayPal was to provide services until mid-2020 after the split.

Although PayPal will be available to buyers as a payment option at the checkout till July 2023, what eBay plans is to put it in the backseat.

How to add payment methods on ebay

Introduction of eBay Managed Payments

eBay recently signed a deal with Adyen to regulate the payment process and make it the primary payment processing partner

To find its replacement eBay has introduced the Managed Payments, which has been rolling since 2020. And as per the plan laid down by eBay, it will become a mandatory addition to the payment option for sellers by the end of 2021.

You are thinking about How to add managed Payments on eBay? It's simple. Let's see how you can get it done most efficiently.

#5. How to add managed Payments on eBay?

The ebay managed payment is the new method of payment system that'll become mandatory eBay has been rolling out the upgrade for sellers, enrolling them on the managed payments periodically through mails. So, let's uncover the procedure as to how to add managed payments on eBay.

  1. eBay sends you a notification/message. The message gives you the option to register for managed payments.
  2. Next, you need to verify your information details.
  3. Once you get done, you'll need to provide a checking account.

Note: You can also use an existing account (or opt to open a new one.)

Conclusion

To seamlessly sell on eBay, you need to add a payment method to your eBay seller account. Earlier eBay used to give you the option to choose PayPal, direct debit, or credit card. With the new regulations and upscaling to Adyen, a leading global payment eBay is all set to manage its payments removing any middleman in the transaction. The managed payments on eBay are the initiative that has empowered it to achieve the goal.

Are you still battling confusion? No problem, comment below your queries related to eBay. We will be more than happy to resolve it.

How to Add Credit Card to Ebay Seller Account

Source: https://cedcommerce.com/blog/how-to-add-payment-methods-on-ebay/