Key Considerations for Receiving Payments on eBay

Ensure Accurate Account Settings

• Verify that all linked payment account information (e.g., PayPal or PhotonPay) is accurate, including account name, bank account number, and SWIFT code.
• Regularly check if your payment account verification is complete to avoid transaction issues.
• Notify buyers and update your eBay account settings before switching to a new payment account.

Manage Currencies and Pricing Strategically

• Use a payment method aligned with the buyer’s preferred currency to minimize conversion fees.
• Factor in exchange rate fluctuations and payment fees when setting prices to protect profit margins.
• Opt for payment services like PhotonPay that support multi-currency accounts for seamless management.

Comply with Cross-Border Payment and Tax Policies

• Familiarize yourself with tax requirements in your target markets, such as VAT or import duties.
• Use eBay’s tax management tools to deduct or report taxes as required.
• Work with cross-border payment service providers like PhotonPay, which offer compliance support and detailed transaction reports.

Plan Withdrawal Frequency and Minimize Fees

• Combine multiple transactions and withdraw funds less frequently to reduce costs.
• Compare the withdrawal fees of different service providers and choose the most cost-effective option. PhotonPay, for example, offers transparent fee structures ideal for cross-border sellers.

Strengthen Account and Transaction Security

• Enable two-factor authentication (2FA) for account logins.
• Regularly update your account passwords and avoid reusing passwords across platforms.
• Set up transaction notifications to stay updated on account changes.

Leverage Professional Payment Services for Efficiency

Why Choose PhotonPay?