Private sellers can now process their payments via the eBay payment platform. Previously, customers could only pay private eBay sellers by bank transfer, Paypal or cash on collection.
Now, payment by instant bank transfer, credit card and online direct debit is also possible. The money, minus eBay’s fees, is immediately transferred to the seller’s checking account. eBay is thus further detaching itself from the once subsidiary Paypal, which was previously the platform’s main payment service provider.
Identification required for activation
According to the eBay seller portal, private eBay users will receive a message as soon as the new payment methods are available for their account. To activate, they must identify themselves to the platform like commercial sellers, according to the help, and link a checking account to eBay for payment. The verification process takes a maximum of two business days, according to eBay. If the process fails, eBay will also accept a recent bank statement for identification.
Supported by the eBay payment system are credit and debit cards from Visa, Mastercard and American Express, as well as PayPal, online direct debit (SEPA), Apple Pay, Google Pay and Klarna Sofortüberweisung.
This change for private sellers is the final step in the conversion of payment methods, which eBay began back in 2015 with the separation from PayPal. In 2018, eBay instead partnered with Adyen, a Dutch payment service provider (PSP), which is now the platform’s primary payment processor. The transition for commercial sellers began back in September 2019.