How to Access Payments After Selling an Item on eBay

Transferring Money From Paypal to the Bank and More

Woman using a laptop in a home office
•••   Tetra Images/Creative RF/Getty Images

Selling on eBay is an easy, accessible, and efficient way to make money from the comfort of home. One of the most attractive elements of transactions is that no cash is involved. Unlike the early days when the company first started in 1995 and people paid by sending cash or checks in the mail, all payments are made online through merchant credit card accounts, via Managed Payments on eBay or PayPal.

Merchant Credit Card Account and Managed Payments

If a seller has a merchant credit card account, they are welcome to use it. Proceeds for this option are collected and paid out in the same way the seller's other merchant transactions are and payments are settled directly with the buyer.

Managed Payments on eBay give buyers the option of making mobile payments, paying with debit or credit cards, using Apple Pay, Google Pay, or PayPal. With Managed Payments, eBay handles all of the transactions and payments are made daily by direct deposits.

The Managed Payments option is only being used by select members picked by eBay to participate, but there are plans for this option to become the standard for most sellers by 2021. Until then, PayPal is the standard, and transfer of funds is simple and convenient.

Transfer PayPal Funds to Your Bank or Request a Check

After a transaction is completed and the item is shipped, the money is added to PayPal, and a seller can then access the proceeds in several different ways. If a bank account is on file with PayPal, the PayPal balance can be transferred to the bank at any time for free by clicking on the “withdraw” link near the top of the PayPal home page.

Transfers are deducted from PayPal immediately and usually take three to four business days to appear in the account. Sellers who are hesitant to add a bank account to their PayPal account can also request a check be placed in the mail.

For the sellers who do choose to connect PayPal to a bank account, it’s wise to link it to a separate account at a different bank specifically just for Paypal transactions. If a Paypal balance is ever in the negative, which can happen if a buyer requests a return or files a dispute, Paypal will debit the funds from the seller's account. By using a separate account, any eBay-related issue with PayPal won’t affect personal finances.

Request a PayPal Debit Card to Use

A seller who has a business PayPal account can request a PayPal debit Mastercard. The card is like a traditional debit card and can be used at any ATM or to make purchases online or in stores. Instead of drawing funds from a bank account, though, it pulls from a PayPal balance. There is an approval process involved, and not everyone who requests a card gets one.

Apply Funds Toward a Purchase, Pay Fees or Other Bills

A seller can use the PayPal balance to buy other items on eBay, pay seller fees, or make another purchase online. Most online commerce sites accept PayPal as a form of payment. The balance can also be used to pay other bills, as some utilities, monthly subscriptions, or memberships also allow PayPal payments.