How to receive payment on eBay? How to set up payment method?

As an eBay seller, you must first think about how to collect payments. After all, it is about your wallet, so you must think it through first. There are many ways to collect payments on eBay, and merchants can choose independently, but they must consider the payment methods of consumers.

1. How to receive payment?

1. PayPal

As we all know, eBay payments are basically made through PayPal (PayPal is a company that provides online payment mechanisms). Buyers can pay through PayPal by swiping a card online or paying with their PayPal account balance, just like Taobao payments have to be made through Alipay. However, there is a problem, because PayPal settles in US dollars, for domestic sellers, there is an additional step of withdrawing cash to a domestic account, and this will also involve the issue of handling fees.

Of course, as a payment method that has long been used by sellers on the eBay platform, PayPal has great advantages. First of all, its security is very high. It uses commercial encryption technology to fully protect your personal information. Moreover, using PayPal is also very convenient. No matter where the buyer is, payments made through PayPal can be directly transferred to your PayPal account.

At the same time, PayPal is completely free for buyers, and for sellers, the international transaction fees are absolutely competitive compared to other international payment methods.

2. Bill of Exchange

In addition to PayPal, eBay payments can also be made through money orders. For example, foreign buyers will purchase money orders at local banks and mail them to you. When you take the money order to the bank for exchange, the bank will collect the payment from the foreign bank that issued the money order, and then deposit the amount into your bank account to complete the payment.

However, a draft requires a certain handling fee and wire transfer fee. Moreover, if the seller accepts the buyer's payment using a draft, then the seller needs to provide the buyer with the corresponding information: English name, English address, and Western Union Auction Payments draft.

3. Bank Draft

The remittance method of bank drafts is the same as that of bills of exchange. The bank will collect your check first, and then remit the money to your account after your bank collects the payment from the foreign bank that issued the check. Bank drafts also require payment of bank handling fees and wire transfer fees.

4. LianLian cross-border payment

Users can withdraw cash at any time 24 hours a day, 7 days a week. Based on the global payment network, Lianlian can help users to quickly receive their funds. At the same time, it discloses the real-time exchange rate of the bank in real time, and the whole process is transparent, truly achieving zero exchange loss, helping users reduce operating costs and increase profit margins.

In addition, in order to continue to meet the different dimensional needs of cross-border e-commerce sellers, LianLian Cross-border Payment has joined hands with well-known partners in the industry to launch a number of products to help sellers solve problems such as opening stores, Amazon claims, and domestic and overseas taxation.

Each product is developed based on research into user pain points. We are fully aware of the helplessness of B2C users with numerous transactions and small transaction volumes in the face of platform miscalculations, and the pain of being willing but unable to do what they want in the face of the country's tax refund policy. Therefore, we have quietly completed the development and helped them successfully obtain platform claims and successfully complete export tax rebates.

2. How to set up payment method?

Let's take the eBay US site as an example. After logging in, enter the My eBay page:

1. Click [Account] on the My eBay page to enter the account page.

2. After entering the Account page, click [Business Politics] to enter the business policy page.

3. Click the [Create Policy] button, select [Payment] in the drop-down list, and create a new payment method.

4. On the created page, enter the payment policy name in the text box corresponding to [Policy name] and enter the policy description in the text box corresponding to [Policy description]. If you want to set the payment method you are setting as the default policy, select [Set as default Payment Policy].

5. If you have additional payment instructions, please fill them in [Addiyional payment instructions (shows in your listings]. After setting, click [Save].

Here we briefly introduce several commonly used payment methods on eBay. Seller friends need to understand in advance that some payment methods require payment of handling fees, while some payment methods are very popular among consumers. Sellers must fully consider these issues when setting up.