Banking With eBay and PayPal

Though eBay and PayPal are primarily tools for buying and selling goods online, they are also for many buyers and sellers closely related to their financial accounts—after all, if you earn a portion of your income through eBay and accept payments through PayPal, a portion of your income every month passes through both systems.

For most eBay and PayPal buyers and sellers this simply means that a bank account or credit card must be connected to PayPal so that money can be transferred in or out of the account as sales or purchases are made. Such transfers can be inconvenient, however—they require that you wait several days for the transfer to go through, and add an extra middleman to the financial process.

Credit Cards

For those souls ready to embrace the new online e-commerce world wholeheartedly, both eBay and PayPal offer rewards credit cards that can be used both on eBay and outside eBay to earn rewards points with every purchase. For more details and to apply for either card, visit the following links:

• For the eBay Rewards Mastercard, visit MasterCard.eBay.com
  
  
• For the PayPal Plus Mastercard, visit the PayPal Plus Card homepage

Of course like any credit card, both of these cards charge interest and require responsible account management. They can, however, provide a more convenient credit alternative for the heavy eBay or PayPal user.

PayPal Debit Card

Perhaps more useful for many eBay sellers is the PayPal debit card, which can be used like any debit card at ATMs around the world or anywhere debit cards are accepted. Purchases or withdrawals made with the PayPal debit card come straight out of your PayPal balance, making what for some may be a more convenient, rapid way to manage funds in PayPal.

• Visit the PayPal debit card homepage to apply for a debit card connected to your PayPal balance