06-12-2023 08:13 AM
my company wants to start selling things on eBay and does not want to link their bank account to start selling things but wantsto get the money out once something does sell. what is the best option to do this. is there a platform to do this?
06-12-2023 08:15 AM
Open another bank account specifically for selling on eBay. That keeps it separate from any other primary accounts that the company may have.
06-12-2023 08:23 AM
@heckofagame wrote:Open another bank account specifically for selling on eBay. That keeps it separate from any other primary accounts that the company may have.
Yes, do this. ^^^^^
And consider getting a credit card for the new bank account and be ready to attach it to the eBay account if needed for refunds if the bank accounts is short on funds.
06-12-2023 08:26 AM
All sellers are required to link "checking account" with EBAY and provide social security# (for tax purposes). You cannot sell on EBAY if you don't provide this information. IRS requires ALL online platforms (not just EBAY) to report any sales over $600.
06-12-2023 08:39 AM
I would open another bank account with your account. There are several on line. Check it out, because you cannot sell on Ebay without a bank account attached to your seller account.
Good luck what ever you decide
06-12-2023 09:30 AM
"my company wants to start selling things on eBay and does not want to link their bank account"
I doubt any internet platform will not want to work with a company that does not have a bank account set up for business.
"but wants to get the money out once something does sell."
Do you expect them to mail you cash? You want them to send you check over the internet but won't give an account to send it to?
06-12-2023 09:32 AM
No one will allow you to sell on line without a bank account.
06-12-2023 09:42 AM
You will never get your money, on an immediate basis, once an item sells on platforms like this. There will be a delay due to possible returns & problems etc. Starting out selling there could be a four-week difference. Check Ebay's T&C's to verify a time frame. You should have an understanding on how this works since you have been on Ebay since 2005.