How to Sell With PayPal
PayPal is a powerful and trusted name in online commerce. With PayPal, you can sell on its affiliated auction site eBay, as well as selling via your own website. Whether you sell goods or services, PayPal's merchant tools make it simple for you to set up an account and process orders. Because PayPal's name and reputation are well known, customers will be more likely to trust new and unfamiliar businesses. PayPal handles all sensitive information, such as credit card and bank account numbers, so you are not responsible for them.
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Instructions
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Selling with PayPal on eBay
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List your item for sale on eBay following their prompts. Upload photos, provide a description and choose shipping options and return policies.
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Select the option that allows buyers to pay with PayPal.
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Wait for the auction to end and PayPal to send you confirmation that you have received money. Confirm that it is the correct amount, and send the winning bidder the item(s) they have purchased.
Selling with PayPal on a Website
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4
Follow PayPal's instructions to set up a merchant account, and install a PayPal button of your choice on your website.
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5
Explain your selling policies to potential customers in detail on your website. Make sure to include any shipping and handling costs, as well as return policies.
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Select a virtual shopping cart vendor who has partnered with PayPal if your website will feature a large number of goods and/or services for sale. These sites differ from one another in their implementation but may be a good option for online stores with many items for sale.
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Tips & Warnings
Selling with PayPal not only makes potential customers feel more secure in buying from an unknown business; it also helps protect you. PayPal offers fraud protection for both buyers and sellers. Additionally, international currencies are supported, so you can sell to customers all over the world if you like.
PayPal offers extensive reporting capabilities, including downloadable reports that you can import into Microsoft Excel and other database programs. This capability can make your bookkeeping easier and reduce the possibility of data input errors.
Be aware that PayPal does charge fees in order to accept credit card payments. These fees vary depending on the volume of business you process, and they also increase occasionally. Check PayPal's website for the most current information on fee rates for sales transactions.
References
- Photo Credit credit card and hand image by Warren Millar from Fotolia.com
