If you’re an eBay seller, it’s impossible not to have PayPal integration to your eBay account. PayPal is a part of eBay’s group of companies from 2020; so, most of the transactions on eBay involves PayPal. eBay is the largest auction website, while PayPal is the largest online payment solution. Whether you’re are an experienced eBay seller or planning to start your journey on it, knowing about PayPal will come in handy.
As they both work together, you must not skip anything related to each other. If you’re an eBay seller, stick to the article to know about the thighs about PayPal to get your eBay journey to a new level.
5 Things Every New eBay Seller Should Know About Paypal
Here are the most important things to know about your PayPal and eBay accounts to make secure transactions for your business.
1. Fees on eBay sales with PayPal
Let’s put, PayPal is a financial service, and, just like any other service, PayPal is not free of charges. You must pay the service charges on every item you sell on eBay, that’s what PayPal keeps your back safe for. Apart from the charges on eBay itself, the charges for the transactions, PayPal charges you for helping you with the transaction.
The fees vary from country to country and the availability of PayPal in the country you’re doing the transaction. If you’re doing the transaction within the US, the transaction fee will be 2.9% of the sale, plus an extra charge of USD 0.30.
2. Know about the seller’s protection policy
One of the most beneficial aspects of using PayPal as your payment solution for eBay business is the seller’s protection. PayPal protects your business and money by preventing fraudulent activities with this policy. This policy also ensures a secure transaction between you and your customers. PayPal looks after the disputes raised by your buyers and protects you from a false dispute for your money.
If you meed the eligible criteria of PayPal, the policy will give you protection from fraud buyers. You won’t get protection if the buyer claims a dispute as “Significantly Not as Described” item. If the buyer files a dispute for “Item not received”, or “Unauthorized transaction”, you can provide tracking information or the proof of delivery to get the seller’s protection.
3. The purchasing protection program
Knowing about the seller’s protection policy will help you know your rights and support your real customers with the highest quality. However, you must know the purchase protection program because it cannot deal with a dispute without knowing how it works. PayPal doesn’t only protect you from the fraud buyer but also protects the customers from fraud sellers.
The buyers can dispute in ways to get their money back from the seller with the buyer’s protection program. If a buyer doesn’t receive the item as you described on eBay, or doesn’t receive the item, he can file a dispute to get his money back from you. The buyer will have 180 days to file the dispute and claim the money back form the day of purchase.
4. Know about the eChecks on eBay
The PayPal eCheck is not a common payment method but has some significant usage in some cases. It’s a bank transfer payment method that generally has two different cases where you will use them. You can use an eCheck to pay for an item or may receive the payment from a buyer. If your buyer doesn’t have a connected debit or credit card to his PayPal account, he can use the eCheck system to pay you.
It will take up to 6 business days to complete the transfer and receiving the amount to your account. Another usage for the eCheck is, you can use it when you have to give your buyer a refund, but you don’t have enough funds in your PayPal account. You can use the eCheck to issue the refund from your bank to the buyer’s PayPal account.
5. Beware about the common PayPal scams
eBay is a great place where you can get scammed pretty easily, especially if you’re a new seller on eBay. New sellers usually become the victim of fraud buyers because the scams usually will have a pretty face not to be skeptical about. The most common fraud activity on eBay associates PayPal and the fraud people try to drain your money with different scams, such as:
● Fake PayPal notification
The most common eBay scam with PayPal is the fake PayPal notifications that trick the new sellers easily. Almost any experienced, long-term eBay sellers are familiar with this fraudulent activity because it’s common. The scam is fairly simple to understand; the fraud will send you a fake notification on an email that you have received the payment for an item.
Now, the new sellers understand that they got the payment, and they ship the item and get scammed. You can easily avoid this scam by checking the actual balance on your PayPal account every time you get paid.
● Shipping to a different address
This scam is seemingly reasonable and a common way of getting scammed for any seller, no matter you’re new or experienced. The scam is pretty straightforward; the fraudster will ask you to ship the item to a different address for some emergency. High chances are, the request is a scam to make you suffer instead of making it easy for the buyer.
The fraudster may have stolen the original buyer’s eBay account and tried to get the delivery to a new address. If you send it, the original buyer may not receive it, and you may even get a dispute to refund the money under the buyer’s protection (Item not received).
PayPal is popular because it provides maximum security and the best transaction experience with payment security. On the other hand, eBay allows you to do business with a very short time at the minimum investment. Knowing the important things about between eBay and PayPal will help you stay safe and keep your money secure. After opening an eBay account, be sure to know about all the scams that you are going to face. You can avoid the common eBay scams that associate PayPal if you know about them before you become the victim.