In cross-border e-commerce, the collection account is a very important link for sellers. It is related to whether the seller can receive payment from the buyer in time and complete the transaction. As one of the world’s largest online trading platforms, eBay provides a variety of payment account options to facilitate sellers to collect payments. This article will give you a detailed introduction to eBay seller collection accounts to help sellers better understand eBay’s collection process.
1. eBay seller collection account.
1. PayPal.
PayPal is one of the most commonly used payment accounts on the eBay platform and is a global online payment company. Sellers can receive credit cards, debit cards, and electronic transfers from around the world through PayPal, which can convert into multiple currencies. The PayPal payment process is simple, safe and convenient, but a certain handling fee is required.
2. Receiving bank account.
In addition to PayPal, you can also choose to transfer money directly to the seller’s bank account on the eBay platform. Sellers need to set up and bind their own bank accounts on the eBay platform and wait for buyers to remit money. The advantage of a receiving bank account is that the handling fee is relatively low, but the collection speed is slower.
3. Other payment methods.
In addition to the above two payment methods, you can also choose other payment methods on the eBay platform, such as remittance, check, etc. The scope of application of these payment methods is relatively small and requires negotiation between both parties before they can be used.
2. How to set up an eBay seller payment account?
1. Set up a PayPal account.
If the seller chooses to use PayPal as the payment account, he needs to register a PayPal account on the eBay platform and bind the PayPal account to the eBay account. On the eBay platform, sellers can set up and manage through “My eBay” → “Account” → “PayPal Account”.
2. Set up a receiving bank account.
If the seller chooses to use the receiving bank account as the payment method, he needs to set up and bind his own bank account on the eBay platform. On the eBay platform, sellers can set up and manage through “My eBay” → “Account” → “Payment Settings”.
3. Other payment method settings.
If the seller chooses other payment methods, he needs to negotiate and confirm with the buyer on the eBay platform, and then set and manage them in “My eBay” → “Account” → “Payment Settings” .
3. Things to note about eBay sellers’ collection accounts.
1. The payment account information must be filled in correctly.
In order to avoid fund flow problems caused by incorrect filling in the collection account information, sellers should carefully check the collection account information when setting up the collection account to ensure the accuracy and completeness of the information.
2. The payment account needs to be verified.
After setting up a collection account, the seller also needs to verify the collection account to ensure the validity and security of the account. For PayPal accounts, sellers need to be verified through PayPal accounts; for bank accounts, sellers need to be verified on the eBay platform.
3. You need to understand the handling fees of the collection account clearly.
When choosing a collection account, sellers also need to understand the handling fees of each collection method and make a choice based on their actual situation. The handling fees for PayPal accounts are generally between 2% and 4%, while the handling fees for bank accounts are lower.
4. Collection accounts need to be updated and managed frequently.
In order to avoid collection problems caused by expired or invalid account information, sellers need to frequently update and manage their collection accounts. On the eBay platform, sellers can update and modify their collection account information at any time, and update their own collection account in a timely manner.
4. Summary.
The collection account is a very important link in cross-border e-commerce. The eBay platform provides a variety of payment methods, including PayPal accounts, bank accounts and other payment methods. Sellers can choose the appropriate payment method based on their actual situation and ensure the accuracy, validity and security of the payment account information to avoid payment problems that affect transaction efficiency and buyer satisfaction.