Anyone have any luck selling on ebay? why do they (ebay) want a credit card number?

Question

Anyone have any luck selling on ebay? why do they (ebay) want a credit card number?

Answer 1

hey I just messaged you on yahoo im megpcp3  I used to sell on ebay all the time, I know the answer, contact me lets talk there.

Answer 2

You have to have a credit card to:

1) Provide automatic payment for listing fees (although you can choose different options after signing up)

2) A way to protect buyers - You they pay you and you never ship, etc, eBay will charge you for it.

Answer 3

Yes, I made several hundred dollars in a short amount of time a few years ago when I purged my wardrobe and CD collection, but you can't just list a bunch of junk and expect it to sell.  You need to know about what you are selling and the demand for those items, and know how to take good pictures, write a good listing and not to wring out people's wallets for shipping costs (as many try to do these days).

Ebay needs a credit card to 1) prove you are over 18, and 2) to bill you when you sell merchandise and list merchandise, its how they make their money.

Answer 4

It is quite possible to make a decent income off eBay, but you have to know what you're doing. There are no quick and easy shortcuts, or everyone would be making a fortune on eBay. But it is easy to get started.

Ebay offers a rather complete Seller’s Tutorial that explains how to get started, what it costs, and the mechanics of using the site. You can find it here:

http://pages.ebay.com/sellercentral/inde...

Determining what to sell is much more complicated than merely listing an item. You need to (1) chose a product that is in demand, (2) know your product extremely well, (3) have a source to purchase that product at a very good price, (4) know the marketplace for your product, (5) know where you can fit into that market, and (6) be able to sell your product at a competitive price on eBay, yet (7) still assure yourself of an adequate profit for your effort.

It's not easy to get started, as you can see, but if you get all the pieces to fit properly, it can be very lucrative.

The credit card is required so that eBay can charge you monthly for the fees you accrue as a seller.