Ebay Billing Agreement with Paypal
eBay is one of the most popular online marketplaces where consumers can buy and sell products. If you`re a seller on eBay, chances are you`re using PayPal to process payments. In fact, eBay and PayPal have had an intertwined relationship since PayPal went public in 2002. However, in 2015, eBay announced that it would be phasing out PayPal as its primary payment processor. To continue using PayPal as a seller on eBay, you`ll need to enter into a billing agreement with PayPal.
What is a Billing Agreement?
A billing agreement is a contract between a seller and PayPal that allows the seller to charge the buyer`s PayPal account for purchases made on eBay. It`s important to note that this isn`t the same as a subscription service. A subscription is an ongoing service that charges the buyer on a recurring basis. A billing agreement, meanwhile, is a one-time authorization that allows the seller to charge the buyer`s PayPal account for a specific purchase.
How to Set Up a Billing Agreement
If you`re a seller on eBay and want to continue using PayPal to process payments, you`ll need to set up a billing agreement. Here are the steps:
1. Log in to your eBay account and click on the “My eBay” tab.
2. Click on the “Account” tab and select “Site Preferences.”
3. Scroll down to the “Payments from buyers” section and click on “Show.”
4. Select “Offer PayPal as a payment method” and click on “Edit.”
5. Check the box next to “Use PayPal to receive payments from buyers” and click on “Save.”
6. You`ll then be prompted to sign in to PayPal or create a new PayPal account.
7. Once you`ve signed in to PayPal, you`ll be asked to review and accept the billing agreement.
Once you`ve set up the billing agreement, you`ll be able to charge the buyer`s PayPal account for purchases made on eBay.
Benefits of Using PayPal on eBay
Using PayPal as your payment processor on eBay has several benefits. For one, it`s a secure and trusted payment method that buyers are familiar with. PayPal also offers seller protection, which means that if you meet certain criteria, PayPal will help protect you against fraudulent chargebacks and unauthorized payments. Additionally, PayPal is fast and convenient, allowing you to receive payments quickly and easily.
In Conclusion
If you`re a seller on eBay and want to continue using PayPal as your payment processor, you`ll need to enter into a billing agreement with PayPal. The process is straightforward and can be done through your eBay account. Once you`ve set up the billing agreement, you`ll be able to charge the buyer`s PayPal account for purchases made on eBay. Using PayPal as your payment processor on eBay offers several benefits, including security, seller protection, and convenience.