Question

Trying to sell on ebay?

I asked a question on the site earlier, and some one told me as an answer that a eBay business is very easy to and high profit as well! I was wondering if this was true? Also when I tried making my first sale I found out you had to link a credit card in order to sell. Is there a way for eBay to just take the cash from the payments made buy the buyer or do you have to be charged on a card?

I was also wondering if anyone had good ideas on what to sell and an estimated profit if possible on the item you suggested. Also please try to keep the amount I spend VERY low!

1 year ago - 4 answers

Best Answer

Chosen by Asker

1. a eBay business is very easy to and high profit as well! I was wondering if this was true?
That person is either clueless or lying. You can occasionally make a quick profit on eBay, but over any period of time, it's hard work.

2. Is there a way for eBay to just take the cash from the payments made buy the buyer or do you have to be charged on a card?
You have to have a credit card or checking account linked to Paypal, and you have to have a credit card or Paypal linked to eBay to pay your fees.

3. I was also wondering if anyone had good ideas on what to sell
No one is going to give away their selling ideas and inventory sources to a competitor. You have to figure out what to sell and how to get it all by yourself.

1 year ago

Other Answers

If you are a merchant and can accept payment from credit cards you dont have to use Paypal. Ebay doesnt take payments, Paypal transfers payments from a buyer to your Paypal account. Electronics is always in demand. I dont know what fees Ebay stores pay but individuals pay 9% sales fee and 3% Paypal fee.

by Flower - 1 year ago

Easy? Profitable? They were lying. It's tedious and hard to make a profit.

The reason you have link in a credit card is that sellers must be 18 and must pay fees if they sell something.

If you have no money to start with, don't get on eBay. Paypal freezes funds for 3 weeks if you are new seller. They worry that you won't ship and they'll have to refund the buyer.

by Quick Answers - 1 year ago

eBay charges fees to sell. You need either a credit card or a PayPal account to pay for these fees. eBay requires that you accept buyers paying you via PayPal so you need to create an account. You can link either a credit card or a bank account to PayPal. Both eBay and PayPal charge fees to use their service. eBay charges a listing fee and that cost depends on the options you choose when you create your listing plus a final value fee which is about 9% of the sale price. PayPal charges you 35 cents plus 2.9%. PayPal holds the buyers money for around 21 days when you are new. So you have to pay shipping costs out of your own pocket first. You need to read all the rules about both so you don't get any unwelcome surprises.

by bron357 - 1 year ago