When you sell an item, you will want to be paid for that item. Money collection has never been easier for online sellers. on eBay, most people use PayPal. PayPal has been around a long while now and has become an accepted form of payment for lots of online buyers. It's easy for the buyer to fund their purchases with their PayPal balance or by using their credit card on paypal. Money will appear in your PayPal account which is connected to your eBay email address.

The fees are 30 cents for each transaction plus 2.9%. considered this the cost of doing business. If you were a merchant, you would have similar fees accepting credit card transactions and with PayPal, you are protected as a seller After money accumulates in your PayPal account, you can transfer a portion or all of that money directly to your connected checking account. Or you can have a paper check mailed to you by snail mail for a small fee. For a newbie, there may be a hold on funds until you get established for some short time periods. I usually dumped money into my checking account every week from PayPal.

It only takes a day or two. It is very convenient, safe and easy to do. A report of transactions is available on paypal for your bookkeeping purposes. One can print out a report of payments received or sent or get a 1099 miscellaneous tax form at the end of the year to see your monthly total I also like being able to search on previous transactions, or handle refunds directly from PayPal if necessary. Here's the money saving tip, ask PayPal for a debit card and use that card to pay for your eBay fees and supplies and business related expenses. You can earn 1% back on your purchases, every little bit helps.

EBay will send you that rebate once a month. Bonus Tip, keep your personal finances separate from your new business transactions. It is so much easier to keep track of things when they're not commingled. Here's the story. Step by step of how to register for your free paypal account. Go to paypal.com and click Sign up.

You have the option of choosing a personal account or a business account. You can always upgrade later. So for now pick a personal account. Next, fill in the short form. Remember it's free, first name, last name, email address, and create a password. Be sure your email is the one you'll be using for your eBay selling.

Next come street address, city state, zip code and mobile number. If you agree, check the box and continue to create account. Confirm with your mobile number by entering the code that will be sent to you. Today, you are in, take the next step. purchase something if you like. You will also have to confirm your PayPal email address.

You can now link your credit card or link your bank account. So you will be able to send money. It's free to send money in the US. You did it, you're all set up. Time to explore all your options. I'd like to click on each link to see what's what.

You have some notifications on the right hand side to go through and get familiar with your new paypal account. Don't forget there's a PayPal mobile app to free of charge. Get it for your phone today.