Payments to sellers

[l.h.dave]

PayPal is/was my own "Mad Money" account. Now payments have go to our joint checking and I have to separate household things from my payments from eBay. Big pain especially when you sell a lot of items. Haven't had to deal with refunds yet but that could be a nightmare.

[stainlessenginecovers]

Best and easiest to open a separate checking account for ebay sales. Usually can be done on the internet with most banks.

[buyselljack2016]

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@l.h.dave wrote:

PayPal is/was my own "Mad Money" account. Now payments have go to our joint checking and I have to separate household things from my payments from eBay. Big pain especially when you sell a lot of items. Haven't had to deal with refunds yet but that could be a nightmare.

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The "payouts" go where you direct them to go.

I opened a dedicated checking account for eBay to keep it separate from the household checking, and my personal checking.

Refunds are done 1st from the "pending/available" funds. Coming up on 2 years in MP, and my checking has been "debited" once. The amount was $0.30 when a buyer requested to cancel right after purchase, and I had no funds "available" to cover the "eBay transaction fee".

[chapeau-noir]

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@l.h.dave wrote:

PayPal is/was my own "Mad Money" account. Now payments have go to our joint checking and I have to separate household things from my payments from eBay. Big pain especially when you sell a lot of items. Haven't had to deal with refunds yet but that could be a nightmare.

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Refunds are not a nightmare.

[whattheactualfox]

There are checking accounts out there that are no hassle to sign up. I opened one for a business I have off of ebay and I got it set up in less then 30 minutes, its fee free also (Its a business checking account)

I can't say names or links, but a quick google search will help you narrow down a good bank 🙂