Are you looking to add a bank account to your eBay account? If yes, then you are in the right place. Adding a bank account is an essential step to receive payments from buyers on eBay. In this article, we will provide you with a step-by-step guide on how to add a bank account to eBay.
Steps to Add Bank Account to eBay
To add a bank account to eBay, follow the steps mentioned below:
Step 1: Sign in to Your eBay Account
The first step is to sign in to your eBay account. If you don’t have an eBay account, create one.
Step 2: Go to Account Settings
Once you are signed in to your eBay account, click on the “Account” tab on the top left corner of the homepage. From the drop-down menu, select “Account Settings.”
Step 3: Select Payment Options
Under the “Account Settings” page, select “Payment Options” from the left-hand side menu.
Step 4: Add Bank Account
Under “Payment Options,” click on “Add a bank account.” Enter your bank account information, including your account number and routing number.
Step 5: Confirm Bank Account
After entering your bank account information, eBay will make two small deposits into your bank account. Once you receive these deposits (which may take up to three days), sign in to your eBay account and click on “Payment Options” again. Then, click on “Confirm” next to your bank account information and enter the deposit amount(s) to confirm your bank account.
Why Do You Need to Add a Bank Account to eBay?
Before we dive into the steps, let’s take a quick look at why you need to add a bank account to eBay. Adding a bank account to eBay allows you to:
- Receive payments from buyers
- Pay seller fees and other charges
- Get refunds for items you return
- How many bank accounts can I add to my eBay account?
You can add up to eight bank accounts to your eBay account.
- Does eBay charge for adding a bank account?
No, eBay does not charge any fee for adding a bank account.
- Can I change my bank account information on eBay?
Yes, you can change your bank account information anytime by following the same steps mentioned above.
- Can I receive payments without adding a bank account or payment method to eBay?
No, you need to add a bank account to receive payments from buyers on eBay.
Adding a bank account to eBay is a simple process that can be completed in a few minutes. Make sure to enter the correct bank account information to avoid any issues with receiving payments. We hope this step-by-step guide has helped you in adding a bank account to your eBay account. Happy selling!
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