Before
registering to eBay, you will need a new email address and a new PayPal
account. Choose your email address wisely since your potential customers will
be able to see it. I would recommend you to open a business account on PayPal.
You will need PayPal for a safer way to pay and receive payments for your goods
or services online. Please note that PayPal will offer additional paid services
such as PayPal card and card creader - ignore them.
After
that, you should call PayPal and ask to join Micropayments plan since your
transactions will typically average less than £5 at the beginning.
Micropayments plan will help you to save on PayPal fees. You will have to pay
5% + 5p/0.05$ instead of 3.4%+20p/0.20$ for every sale you have. It means that
if the average transaction is less than £9.40/9.40$, you will save money. Do
not email PayPal regarding Micropayments plan since they rarely respond to
emails.
PayPal
will ask you to verify your address, identity, bank account and debit/credit
card. To connect your debit/credit card to PayPal, PayPal will charge you about
£1/1$. You will have to check your bank statement and then enter the exact
amount on PayPal to verify your bank account and debit/credit card. After the
confirmation, the charged funds will appear in your PayPal account.
Once these steps are complete, you are ready to move forward and create your own eBay, Amazon, Etsy and Aliexpress accounts. In my next blog you will find out some useful tips when creating eBay account.
Summary:
·
Choose a
professional name for your email address.
·
Create
PayPal business account.
·
Do not
pay for additional services that PayPal is offering you.
·
If your
average transaction is less than £9.40/$, change to Micropayments plan.
·
Verify
your PayPal account
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