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Just started selling on eBay- paypal/bank question.
WantToBeSE
Posts: 7,729 Forumite
Hello,
i have only just listed my 1st 3 items on eBay and tried to add more last night but it asked my to confirm my bank account.
They said they will take 2 amounts out of my bank account, then i have to log into paypal and enter these amounts.
is this normal practice?
I wanted to check before i do anything.
i have only just listed my 1st 3 items on eBay and tried to add more last night but it asked my to confirm my bank account.
They said they will take 2 amounts out of my bank account, then i have to log into paypal and enter these amounts.
is this normal practice?
I wanted to check before i do anything.
0
Comments
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As far as I know they deposit the 2 amounts, not withdraw them.WantToBeSE wrote: »Hello,
i have only just listed my 1st 3 items on eBay and tried to add more last night but it asked my to confirm my bank account.
They said they will take 2 amounts out of my bank account, then i have to log into paypal and enter these amounts.
is this normal practice?
I wanted to check before i do anything..0 -
Yes, it's to verify your bank account so buyers can pay you using PayPal.
It is a deposit, for me it was 2p and 3p and it was very quick. I happened to go into the bank and was told it was there already otherwise I would have looked on line.
Good luck with your sales
aims for 2014 - grow more fruit and veg, declutter0 -
Sorry, yes i meant deposit, not withdrawls..oops!
Thanks everyone
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Oh, what if there isnt any money in my paypal account?0
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They deposit from their own account, consider it a gift, they'll just be taking after that!WantToBeSE wrote: »Oh, what if there isnt any money in my paypal account?.0 -
Thanks RFW.0
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Yes. Its normal. They do withdraw for verifying a credit card however, you do get it back though. Send all items tracked. Your funds will be held for up to 21 days but you can get them sooner if you call them up after a week. They will see the tracking info and release0
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Thanks ulsterbeef.
At the moment there is a limit of 10 items i can sell a month, will this increase next month do you know?0 -
WantToBeSE wrote: »Thanks ulsterbeef.
At the moment there is a limit of 10 items i can sell a month, will this increase next month do you know?
They don't give exact time frames but it is usually a few months, after which you can apply to have the limit increasedI’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.0 -
Thanks Soolin.
not sure if i have much to get rid of really, just a few clothes and make up things.0
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