There are millions of items for sale on eBay, but the only way you can make payments is through PayPal. With PayPal, buyers can send money to sellers virtually, with no personal checking, debit card, or credit card numbers involved. PayPal is considered a safe, widely accepted, and seamless way to pay for items online. However, PayPal isn’t the best option for merchants to process payments.
Accepting Payments via PayPal on eBay
PayPal has recently climbed 1.1% to close at 59.69 on the stock market. Shares in PayPal are up 50% in 2017. eBay’s online marketplace still uses PayPal for processing payments. According to James Faucette, executive director at Morgan Stanley, eBay accounts for 22% of PayPal’s 2016 revenue and likely a higher percentage of profit.
PayPal’s and eBay’s operating agreement is valid until July 2020. eBay is able to experiment with new payment structure from 2018.
Using a PayPal account on eBay isn’t an issue for sellers who sell a few times a year. However, those who sell on a regular basis may face some challenges. In fact, PayPal isn’t the best option to choose as a merchant account provider. In other words, PayPal can be good for many things, but it’s the worst merchant account for those selling on eBay.
One of the biggest problems with PayPal is that the company can freeze or even close your account even without your knowledge because of too many chargebacks.
What to Do if You Need an eBay Merchant Account
Chargebacks are a major problem for merchants, especially if they’re classified as high risk. So, instead of using a PayPal merchant account, find a reputable high risk merchant account provider like emerchantbroker.com to turn to.
EMB is experienced with chargebacks, as well as merchants that have high and low selling seasons: this is often what happens with eBay sellers. Experienced high risk merchant account providers like EMB don’t stay away from businesses that have high and low seasons. Moreover, they won’t punish these companies. EMB is voted the #1 high risk payment processor in the US and boasts an A+ rating with the BBB. With EMB, you can enjoy the lowest possible rates and the best high risk payment processing services in the industry.
Reliable high risk processors know all the ins and outs concerning the chargeback process and won’t panic and close your account. They’ll work with you to settle the dispute. Fraudulent charges and returns aren’t a problem for companies like emerchantbroker.com.