Seller Education - Basic

Bank Deposit Express Payments

Completing eBay sales is easy and fast with Bank Deposit Express. As the seller, you simply make your bank account information available to your buyer. Once the listing ends, your buyer immediately deposits money to pay for the item. Shortly thereafter, the money appears in your bank account, and you post the item to the buyer.

How does Bank Deposit Express work?

On the Payment & Postage page of the Sell Your Item form: Select the Bank Deposit Express Payment option in the Payment Methods section. Click on "Enter your bank account information for Bank Deposit" to access the Enter/Edit Bank account information page. On the Enter/Edit Bank account information page enter your bank account information.    Note: This information can be updated or removed at any time in the Preferences section of My eBay.

Once you have entered your bank account information and a message to the buyer (optional), submit the information.

Do I need to complete this process for every listing? You only need to enter your bank account information once. You can then select the Bank Deposit Express Payment option whenever you list an item. This will let buyers pay using Bank Deposit during Checkout.

Should I provide the postage costs as well? When listing the item for sale, you should also enter the postage cost for the item. While optional, providing the buyer with postage costs ensures that the buyer can quickly pay the total amount without having to email you for the total.

Is it safe to use Bank Deposit Express?

• Providing bank account information to the buyer in Checkout via Bank Deposit Express is optional. The seller can also offer Bank Deposit as a payment option without providing bank account information via eBay.
• The bank account information is transmitted via a secure connection.
• All bank account information is stored on secure servers.
• No other members besides the buyer can access the seller's bank account information via Checkout, because the buyer's eBay User ID and password are required. The buyer can view the seller's bank account information only if the seller has made this information available and has selected Bank Deposit Express as a payment option.
• For simplicity, some members prefer to set up a bank account purely for eBay transactions.