How do I sell on eBay and what happens if I get a fake bid? Current listing, selling and PayPal UK fees explained
Selling your unwanted goods online can be a sure-fire way to make some cash
EBAY has become the go-to site for people wanting to earn extra cash by selling their unwanted goods online.
But how do you sell stuff on the online auction site and what can you do about fake bids? Here's all you need to know.
How do I sell something on eBay?
To sell something on eBay, you first have to make a listing so other people using the site can see what you have on offer.
To do that, you must create an account with eBay and once you have done that, you are free to make a listing.
In your listing you can add up to 12 pictures of your item and give a description of what is exactly on offer.
You can also opt for a reserve price for your item so that if you don't get any bids that are high enough, you don't have to sell the item.
While you make your listing, you also set the amount of time you would like your item to be on sale for.
At the end of the sale, whichever fellow user has bid the highest has to buy the product and once they pay you must send it to them.
What happens if I get a fake bid for my listing on eBay?
Unfortunately not everybody online is truthful and some bids placed on eBay items are fake.
The practice of making fake bids is called shilling and happens when people connected to a seller bids on an item to artificially inflate the price.
Shilling is strictly banned on eBay and the site says that if you see shilling happening, you should contact them right away.
There are also people who may make bids on items even though they have no intention of buying them.
Once a bid is accepted by the seller you are then legally obliged to purchase the product.
Members must pay for items that they purchase.
If you're a seller and haven't been paid for an item, report the unpaid item.
How do I buy something from eBay?
If you see something you want on eBay, the first thing you should do is check the seller's feedback to make sure you can trust them.
After that you can make a bid for the item and then you must wait until the auction is over to see if you have been successful.
If you have the winning bid, you then have to pay the seller either by using a credit card or PayPal.
Once they have received payment, the seller will then send out your new product to you.
How does PayPal work and what are the fees in the UK?
PayPal is the way most people spend and receive money on eBay and is an instant way of sending cash to each other.
Once you set up an account, it is linked to your credit card or bank account and is mainly used for online purchases.
If you buy something on eBay using PayPal it will automatically send the payment to the seller's PayPal account.
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However, receiving money into your PayPal account means that you have to pay certain fees.
The fee for each transaction is 3.4 per cent plus 20p of the amount you receive from your selling price.
However, if it is a highly priced item you are selling, the fee reduces as the price goes up. To check out fees, log on to the .