new account

I'm new to selling on ebay, although I'm registered and have an item listed I don't yet have an account set up to receive any money from any sales. Could someone please let me know what the process is for this and what bank details are needed to get it started. Thanks.

Message 1 of 9
See Most Recent
8 REPLIES 8

new account

You need a UK bank account that is registered in the same name as the name that your eBay account is registered in. Note the financial institution must have a UK banking licence - some electronic money providers (also known as "digital challenger banks") do not have a UK banking licence so will not be accepted by eBay.

Give me ambiguity or give me something else.
Message 2 of 9
See Most Recent

new account

I have got a UK bank account, no problems there, I just need to know the process and details needed to open an account with ebay to enable me to receive any money from my sales.

Message 3 of 9
See Most Recent

new account


@pest-5286 wrote:

I have got a UK bank account, no problems there, I just need to know the process and details needed to open an account with ebay to enable me to receive any money from my sales.


You already have an eBay account; you just need to add your bank account details in the "Payouts" section of this page. That section might not appear until the item you have listed has actually sold as I think you have to actually sell something before all the "selling" options become available.

Give me ambiguity or give me something else.
Message 4 of 9
See Most Recent

new account

sml192
Conversationalist

Verifying your banking details

To receive payouts, you’ll need to link your bank account to your eBay account. It’s important to make sure that the names on both accounts match.

  • For a personal account, your first name and last name should be the same on your bank account and your eBay account
  • For a business account, the business name associated with your bank account should be the same as the business name you use to register on eBay
    • For example, if the business name on your bank account is “Joe’s Hobby Shop”, that’s the name you should use to register for your eBay business account

It’s also important to make sure that your account type on eBay matches your bank account type. For example, if you have a business eBay account, you’ll need a business bank account to register as a seller.

To verify your bank account, we'll need:

  • Name on the bank account
  • Bank name
  • Sort code
  • Account number

Once we verify your information, we’ll send you an email to let you know you’re set up.

If we can't verify your information, we may ask you to verify your linked bank account another way, such as:

Logging into your bank

When verifying your account, if your bank is available in the Add a bank account list, you can select it and log in directly with your bank credentials. This is the fastest way to verify your bank account.

Using microdeposits

Alternatively, you can verify your account using two microdeposits (small payments) sent to your linked bank account.

Here’s how to verify your account using microdeposits:

  1. Sign in to Seller Hub - opens in new window or tab or My eBay - opens in new window or tab.
  2. Select the banner to verify your bank account.
  3. Select Verify with microdeposits.
  4. Once they’ve reached your account (3-5 business days), sign in to Seller Hub or My eBay.
  5. Select the banner to verify your bank account and enter the microdeposit amounts.

It can take up to 5 business days for microdeposits to reach your account, and we’ll email you to confirm they’ve arrived. The microdeposits will be withdrawn from your bank account within a few days.

 

Tip
Don’t attempt to enter any amounts until the microdeposits have reached your bank account as this could cause issues with verifying your account.

Providing your bank statement

If we can’t verify your linked bank account using one of the methods above, you may need to send us a colour picture of a recent bank statement for that account. If we need this additional information, we’ll send you an email with instructions on how to upload the image.

Please make sure that the bank statement:

  • Is for the account you’re trying to register
  • Is for an account that belongs to you and shows your first and last name, or legal business name
  • Shows the address of the account holder
  • Is 3 months old or less
  • Shows at least the last 4 digits of your bank account number
    • If it’s a credit union account, include the last 4 digits of the account number and not the member number
  • Contains the official letterhead of your bank

Your image can be in JPEG, JPG, PDF, or PNG format. The maximum file size is 4 MBA.

Message 5 of 9
See Most Recent

new account

Thanks for all the very useful info. When the potential buyer comes round to inspect/buy the product (a bicycle), and decides to buy, what is the procedure for receiving payment into my account at that point.

Message 6 of 9
See Most Recent

new account


@pest-5286 wrote:

Thanks for all the very useful info. When the potential buyer comes round to inspect/buy the product (a bicycle), and decides to buy, what is the procedure for receiving payment into my account at that point.


The buyer will need to pay through ebay before you can exchange info for them to collect. They will be given a code for you to scan to get your payment released to withdraw to your bank account. 

Message 7 of 9
See Most Recent

new account

buyers cannot inspect before purchase.

Message 8 of 9
See Most Recent

new account


@pest-5286 wrote:

Thanks for all the very useful info. When the potential buyer comes round to inspect/buy the product (a bicycle), and decides to buy, what is the procedure for receiving payment into my account at that point.


Just to clarify the procedure is:

 

  1. Buyer pays. You cannot exchange any contact details such as your email address, telephone number, physical location etc. until the buyer has paid.
  2. Once you have received notification from eBay that the buyer has paid you can send your address so the buyer can arrange to come and inspect the bike.
  3. If the buyer changes their mind upon inspection you will need to cancel the order. If the buyer decides they still want the bike you will need to obtain the collection code from them to prove the bike has been collected.
  4. As you are a "new or infrequent seller" eBay may hold on to your funds for up to 30 days even after you supply the collection code.
Give me ambiguity or give me something else.
Message 9 of 9
See Most Recent
Got selling related questions? Start here: