How to Register as an eBay Seller with PayPal
PayPal makes running an eBay business easy. It helps you manage payments and even gives you all the tools you need for recordkeeping. If you are running eBay auctions but aren’t registered with PayPal yet (what’s holding you up?), use the convenient Selling link on the Account tab, which is on your My eBay page.
After you click the tab, you’ll have the option to Sign Up for a PayPal account.
If you’ve purchased an item through PayPal on a different eBay ID, you can link an existing PayPal account to this ID. To get more information, just click the PayPal link to arrive at the PayPal overview page; there, your eBay registration information will already be filled in. You can then begin registration (it’s pretty quick and simple) and sign up for a PayPal account.
The convenience of PayPal integration into the eBay site really shines when your item is purchased. The auction winner just clicks a Pay Now button that pops up on your auction page immediately after the listing closes. When you list auctions, you pre-set the shipping and handling charges that appear in the shipping box at the bottom of the page. When winners click the Pay Now button, they’re taken directly to a payment page set up with your information. The process is as easy as purchasing something through Buy It Now.
When a purchase is made and the payment is deposited in your PayPal account, the system holds the money until you choose how you want to withdraw it.
Because credit card and identity theft is so prevalent on the Internet —and an expensive burden to e-commerce — PayPal uses the extra security measure provided by Visa and MasterCard called CVV2. Most credit cards have 3 or 4 additional numbers listed on the back, immediately following the regular 16-digit number. Merchants use these numbers for security or verification but aren’t allowed to store them, so they’re presumably protected from hackers. However, PayPal will verify your card through a procedure known as random charge. PayPal charges a few cents or so to your card and asks you to disclose the PIN number printed on your statement. Then PayPal knows that you control the card and didn’t steal it.
Withdraw your funds from the PayPal account on a regular basis; you need that money to operate your business. Don’t let it become a temporary savings account, unless you choose the PayPal interest-bearing account. Also, any money you have in your account can be extricated for a chargeback and chargebacks can be applied as many as 60 days after the transaction.