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If i dont have a bank account, is there any way that i can still receive money on ebay?
I recently started an ebay account and I don’t have a bank account. I want to sell products, and I am not sure how the paypal system works. If people buy my things on ebay, and send me the money through paypal, where will the money end up and is there a way that I can still get the payment through paypal. Better yet, how does paypal function?
Paypal is an online bank, you can store money in there, even earn interest if you would like. Basically, you can link banks and credit cards to your paypal and use it as an online payment system. And if you sell stuff on it, you will receive the money in your paypal account. And you can withdraw the money through a check.
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LikeDislikeYep paypal is the only real choice unfortunately. They take fees from all transaction. Yes if you recieve money you can either have them send you a check in snail mail(with a nice fee of around $2 per check) or you can have it linked to your bank account and transfer it electronically-which is more quick. I would recommend opening a bank account if you are trying to sell stuff.
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