What's the deal with Ebay and Paypal these days?


I thought you couldn't sell or buy on Ebay without their having a checking account for you.

But I just bought some speaker wire and it went right through paypal. 

Can I sell things on Ebay and have people pay me via paypal?    
seattle_mike

Showing 1 response by dill

Ebay no longer uses PayPal to handle the financial transactions. They now do it in-house. They take many types of payment including Google Pay & PayPal. The procedure is called Managed Payments. When payment is made by the buyer, after they receive an invoice with shipping and state sales tax, the seller can buy a shipping label that is directly subtracted from the total, along with all eBay fees. The remainder will be deposited in your checking account in 3 days or less. You are required to have a checking account and the application form requires your Social Security number. The system works really well and includes The Seller Hub that tracks everything for you and is very intuitive.