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Overview
A PayPal account is a mandatory tool if you plan on doing any buying or selling on eBay. Originally established as a stand-alone site, PayPal was eventually swallowed up by eBay, and now it is part and parcel of the eBay experience. PayPal has gained a reputation as a totally safe way to pay for auctions without revealing any personal information. If you plan on paying for an auction via PayPal, there must be a balance in your account (or you must have the account connected to your bank account or credit card). While being a seller helps your PayPal balance grow, often you need to transfer money into that account.
How to Transfer Money to a Paypal Account
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Step 1
Establish a PayPal account. By going to www.paypal.com, you can set up an account quickly.
Your PayPal account -
Step 2
Click on the "Profile" link on the "My Account Overview" page. That will give you several choices, so choose "Add or Edit Bank Account." -
Step 3
Select "Bank Accounts" under Financial Information. Then, slect "Add" to link your bank account to your PayPal account.
Your PayPal summary page -
Step 4
Fill in the fields for bank name, routing number and your account number.
PayPal is a safe way to keep your financial information safe from unscrupulous sellers. -
Step 5
Confirm your information. Once the link is created, it may take a few days before it's fully active. -
Step 6
Wait a few days and then log into PayPal. On the overview page, select "Add Funds," and then select "Add funds from bank account."
Your eBay account
- Skill: Moderate
- Tip: It's faster and easier to keep a balance in your PayPal account rather than performing multiple transfers.
- Tip: Check your bank balance to ensure the proper debits have been made.
- Tip: An alternate but not cost-effective method is to purchase an eBay Gift Card and add funds that way. Note that there is a fee when you choose this route.
- Warning:
- Keep your private information private
