SolveYourProblem
Article Series:
Small Business Guide To Buying Items:
eBay Auctions
Using
PayPal on eBay
by Jeff Cohen
PayPal and eBay were made for each other –
and now that eBay own PayPal, using them together is getting
even easier.
What is PayPal?
People with PayPal accounts can send money to each other securely
online. You can deposit money in a PayPal account from a bank
account or a credit card, and withdraw money to your bank account.
It is the most common way of paying on eBay, as well as being
in widespread use on the rest of the Internet.
Opening
a PayPal Account
It’s very easy to get a PayPal account. Just go to www.paypal.com
and click the ‘Sign Up’ link. As a buyer, you should get a
Personal account – you can always upgrade later if you decide
to start selling. Then all you need to do is enter your address,
phone number and email address, and create a password, and
two secret questions. You’ll be emailed a confirmation, and
then you’re done!
If you want to deposit money into the account now, then you
need to register a credit or debit card or your bank details,
and if you want to withdraw money then you need to register
your bank details. There’s no need to do anything like that
just yet, though.
Paying
with PayPal
Paying with PayPal is very simple. When you win an auction
and click ‘Pay Now’, you’ll be given a list of payment methods
the seller accepts. You should always check what the seller
accepts before you bid, as there are still some sellers who
won’t take PayPal. If the seller does accept PayPal, it will
already be chosen for you on the payment page.
Now you just need to press ‘Next’, type in your PayPal username
and password and confirm the amount you want to pay. The first
time you pay with PayPal you will need to enter the details
of your card or bank account, but after that it will remember
for you.
Becoming
Verified
You might have noticed that there is a limit to how much money
you can send or withdraw using PayPal before you need to be
verified. Verification has two steps. First, PayPal deposit
some very small amounts of money in your bank account and you
need to tell them how much they deposited. Second, they need
to phone you to confirm your address and phone number. Once
you’ve done that, all the limits on your account will be lifted.
Log in at paypal.com and click on ‘Get Verified’ for more information.
# # # # # SolveYourProblem.com : 2007
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