Using PayPal On eBay

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What is PayPal?

PayPal and eBay were made for each other - and now that eBay own PayPal, using them together is getting even easier.

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.

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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!

Deposting/ Withdrawing Money

If you want to deposit money into the account, 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.

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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.

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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.

1) PayPal deposit some very small amounts of money in your bank account and you need to tell them how much they deposited.

2) 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.

The Hilarious eBay Song!

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eBay Coupons

While you've been paying for your items, what you might not have realised is that eBay occasionally offers money off coupons.

But where do you get them? this lens tells you all about it.

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  • Reply
    Oct 6, 2010 @ 4:46 am | delete
    I read this lens and got some valuable information about paypal.But I am looking a solution of my problem regarding paypal.I am facing this problem:

    The following error comes from paypal in case of subscription but not in case of one time payment.

    "The link you have used to enter the PayPal system is invalid. Please review the link and try again."

    I hope you ll suggest me a solution regarding this problem.
    Thanks!

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