
Receiving payment from eBay and Venmo can be a straightforward process if you follow the right steps. You can link your PayPal account to Venmo, allowing you to receive payments directly into your PayPal balance.
To start, you'll need to have a Venmo account and have been paid through eBay. With a Venmo account, you can easily receive payments from eBay sellers.
Having a PayPal account linked to your Venmo account can also make it easier to receive payments from eBay, as PayPal is often used as a payment method on the platform.
eBay and Venmo
eBay has integrated Venmo as a payment option, allowing buyers to link their Venmo account to their eBay account for a seamless checkout experience.
Buyers can shop with confidence knowing eligible payments are covered by Purchase Protection in the event there's an issue with their purchase. This is a big plus for buyers who want to ensure their transactions are secure.
Venmo's mobile platform is ideal for digitally savvy shoppers looking for a simple and fast checkout process, which is especially convenient for the 60% of eBay volume that comes from mobile devices.
Over 90 million Venmo users can now pay for purchases with their Venmo balance or a bank account, debit or credit card linked to their Venmo account.
The move to accept Venmo is a response to the "unacceptably high fees" American Express charges for processing credit card transactions, which eBay cited as a reason for discontinuing its acceptance of the credit card.
eBay is testing allowing Venmo as a payment option for some purchases, and it's being shown based on specific user account criteria rather than item, category, or price qualifications.
The introduction of Venmo could be part of eBay's efforts to bring more casual buyers and sellers to the platform and encourage local pickup, as many users may already be using Venmo for purchases from other sites like Facebook Marketplace and Craigslist.
eBay Payment Options
eBay now accepts Venmo payments, allowing buyers to pay for purchases with their Venmo balance or a bank account, debit or credit card linked to their Venmo account.
The ability to pay with Venmo will be available to U.S. buyers on eBay.com and the eBay app in the coming week.
Buyers can link their Venmo account to their eBay account, making checkout easier in subsequent transactions.
Eligible payments are covered by Venmo's purchase protection offering in the event there's an issue with their purchase.
Sellers don't need to do anything on their account to offer Venmo as a payment method.
eBay has added Venmo to its list of available payment options, joining major credit and debit cards, digital wallets, and buy now, pay later offerings in select markets.
The move follows eBay's decision to drop American Express as a payment option due to "unacceptably high fees" for processing credit card transactions.
eBay is now testing allowing Venmo as a payment option for some purchases, looking to enhance the payments experience for both buyers and sellers.
The inclusion of Venmo as an option at checkout was spotted by an eagle-eyed commenter in the r/Flipping subreddit.
eBay's decision to add Venmo may be a reaction to Amazon dropping Venmo earlier this year, causing a notable drop in parent company PayPal's stock price at the time.
The introduction of Venmo could be part of eBay's efforts to bring more casual buyers and sellers to the platform and encourage local pickup as many users may already be using Venmo for purchases from other sites like Facebook Marketplace and Craigslist.
eBay's CEO Jamie Iannone has been touting the success of consumer to consumer (C2C) focused efforts in Germany, and the company is looking to adapt those strategies to other markets as well.
Frequently Asked Questions
Is Venmo safe on eBay?
Venmo on eBay is a fast, secure, and social payment option, and eligible transactions are covered by Purchase Protection for added peace of mind
How do I receive payment from eBay?
You'll receive payouts from eBay to your linked checking account or debit card, with fees and costs deducted automatically. Your sales proceeds will be shown as Processing funds once the buyer's order is confirmed.
How do I receive payments on Venmo?
To receive payments on Venmo, share your Venmo user name, email, phone number, or scan code with the sender. This will deposit the funds directly into your Venmo balance.
Why is Venmo not working on eBay?
Venmo is not an accepted payment method on eBay, except in certain categories where it may be tolerated. This is due to eBay's payment policies, which prioritize secure and trusted payment options for buyers and sellers.
Sources
- https://www.paymentsdive.com/news/ebay-to-accept-venmo/718798/
- https://www.ebayinc.com/stories/news/ebay-launches-venmo-as-a-payment-option-a-continued-push-to-expand-ways-to-pay-and-invest-in-digital-natives/
- https://www.digitalcommerce360.com/2024/06/14/ebay-adds-venmo-payment-options/
- https://chainstoreage.com/ebay-accepts-venmo-payments
- https://www.valueaddedresource.net/ebay-adds-venmo-payment-option/
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