08-18-2021 08:02 PM
Hii ! ihope to become a seller I our country have a small business. I have an idea for selling my products on eBay.
can I start selling ?
08-18-2021 08:28 PM
Hi there!!!
How's the weather in Sri Lanka? Life good?
Welcome! The majority who post here are US based sellers and we are not experts in the e-commerce laws imposed by your Govt.
Strongly encourage you to research your ability to sell legally and how best to sign up for Managed Payments and Payoneer.
It is important to do this correctly at the onset to prevent issues for you and your future customers.
Best of luck to you. Be patient, stay safe!
08-18-2021 10:22 PM
What's your idea? Please share.........
08-18-2021 10:26 PM
Is it an idea about how to legally collect the funds from eBay sales?
08-18-2021 11:00 PM
yes You can .But first you need to fallow eBay selling policies. Then after start selling .Good Luck
08-18-2021 11:05 PM
According to the Central Bank of Sri Lanka, it appears that people in Sri Lanka need to register as a business first, in order to be able to receive payments in foreign currency, to their BFCA (Business Foreign Currency Account). Here's a link to their website, then click on CAN YOU ACCEPT FOREIGN CURRENCY AS EARNINGS FROM YOUR BUSINESS ACTIVITIES IN SRI LANKA?
Then, you need to register for eBay managed payments, and you will need to have (or create) a Payoneer account when you do that. Your bank account, Payoneer account and eBay account all need to match, so if your bank account is a business account, your Payoneer and eBay accounts have to be business accounts too, and your name and address have to be spelled exactly the same. Payoneer will verify your identification documents, which may take a few days, or a few weeks.
For sellers in Sri Lanka, Managed Payments will be able to deposit your payments into your Payoneer account. Here's more information about managed payments for sellers outside the USA. There are other links on the export.ebay.com website that have a lot of information that should be helpful for you.
https://community.ebay.com/t5/Payment-Resources/Were-you-asked-to-link-a-Payoneer-account-for-payout...
https://export.ebay.com/en/fees-and-payments/payments/managed-payments/
https://blog.payoneer.com/e-sellers/marketplaces/guide-selling-on-ebay/
Credit - lacemaker3 for the research into this