Wednesday, April 27, 2011

Paypal automatically Deduct Money From Debit Card

 Question on Paypal automatically Deduct Money From Your Bank Debit Card

If you are planing to sell items on ebay,you should know that it cost some money to sell things on ebay.ebay will collect some fees via paypal, once your item is sold, Ebay will then automatically withdraw the money from your account within 5-7 days after the sell.

They will deduct their fees from your registered bank debit card--automatically.If you don't like the way they deduce you money mI would suggest that you use a credit card instead since Using the debit card gives them direct access to your bank account .

They can or you can deposit money in your paypal account. I usually just let them charge my bank account.As a seller, you are liable for Ebay fees every month, listing fees and final valuation fees.Also if you have a Premier PP account, you are liable for 3.4% of EVERY payment you receive.

Either of these could come from your debit card, particularly if you set up a DD mandate to ebay.You can always pay the fees by one off payment when you get the invoice.

There are two kinds of fees that you need to distinguish between:

(1) eBay seller fees
(2) PayPal seller fees

If you have registered your card with eBay and PayPal, then eBay will charge your card on a monthly basis for your eBay seller fees that are due, unless you make a manual payment.

Your PayPal seller fees are not paid from your debit card. PayPal seller fees are deducted from payments that you receive from your buyers. When you receive a payment on PayPal, it will show the total amount paid by your buyer, and the amount of fees deducted by PayPal. You can then withdraw this amount from your PayPal account to your regular bank account.

Seller fees are charged when you list your items, and can include insertion fees, final value fees, and fees for optional listing features. Paypal don’t charge a membership fee for a basic selling account, so all fees are due to listing activities. Learn more about Paypal seller fees.