Are you looking for an online platform where you can start up your own business? You have heard of eBay business before but don’t know what it used for. This business is an online business that allows any user to sell their product on the platform. With these business users don’t need to sell their product on the offline shop anymore. They can take it to, which enables them to sell faster. eBay business is a simple business which you can start as your own boss with just a little to no investment.
This amazing business is free to all users. No business license is required from any users. But having an eBay store, the users are likely to have a business license. While if your plan is to buy items from wholesale instate and later resell them on eBay, the user will need a seller’s permit.
Do I Need an eBay Business Account?
To start selling on eBay online marketplace, the users most need an eBay business account. But for does user who is just on www.ebay.com just to sell your old stuff and buy items for personal use. An individual account is what that eBay user needs. Only users who purpose it to sell on eBay is allowed to create an eBay business account. Creating this business account, the user must make sure he or she registered legally for business purpose.
eBay Business Cost For Marketplace – eBay Business Account Fees
Having eBay business account, there are fees to pay. It has two fees which users have to pay for listing their product on its online buying and selling platform, which is the insertion fee and the final value fee.
eBay Insertion Fee
The insertion fee means when an eBay seller list a product for sell on the eBay marketplace, eBay charges the user a fee. The fee for listing a product for one month is $0.03 for eBay standard seller and for eBay stores subscribers it’s low as $0.05.
eBay Final Value Fee
The final value fee means that when a seller’s listed item has been sold, the user will be charged eBay final value fee. eBay final value fee is calculated as a percentage of the total amount of the listed product which was sold. It also includes handling and shipping charges, but the tax for selling the product is not included.
eBay charges standard sellers 10% of the total amount of their sales, which for eBay stores subscribers, they are charged 4-9% of total sales depending on the product category. eBay also have other fees apart from the insertion and final value fees. It assesses other listing or services fees like;
- eBay promoted listing fees.
- Supplemental services fees.
- Advanced listing upgrade fees.
This services can be access by any eBay seller and are available on their eBay account. But note, no charges would be placed on any seller on any of the above services. unless the seller manually enables them from the eBay account.
What Users Need to Create An eBay Business Account?
eBay requires less detail to create an eBay business account. And when creating your business account make sure to make all your detail legal. Below are what you need to create your business account;
- Your legal business name.
- Provide a legal business email.
- A password for your business account.
- Legal business mobile number, make sure to have a separate mobile number for your business.
The above-listed details are what a user needs to create eBay business account. Make sure to provide the above details correctly as ask to buy eBay.