Which One is Worth It? eBay Business Account vs Personal

eBay business account vs personal? Which one is better? Starting to sell on eBay has two options for selling products. Either you can choose an eBay business account or a personal one instead.

eBay business account vs personal 2021? Those who have small sales volumes or plan to sell unwanted items or decide to sell casually can choose an eBay personal account. Otherwise, one has to take care of the fees and other sales regulations.

With the help of this article, that aim is to provide all the necessary information for you as an eBay seller. That  will introduce how to open an eBay account and detail the eBay seller registration process.

Is It Worth Setting Up an eBay Shop?

eBay business account requirements? It’s always a daunting experience when you are presented with two options, and you have no idea which one’s the best for you. Almost everyone selling on eBay has had this experience once. 

Do I need an eBay business account? That was when you were signing up for your seller account on eBay. There’s always confusion at first as eBay offers you two options, a personal account and a business account. Let us remove the confusion once and for all with which account is best suited for you when you’re planning to establish yourself as an eBay seller.

Before Selling, Decide the Type of Accounts

When creating an account, you get to select from two options.

• Personal Account
• Business Account

A personal account is often employed when you’re willing to sell on eBay as a hobby where you list a minimal number of personal products. The products are either antiques or are sitting idle with no use. Long story short, if you do not focus on selling on eBay for business purposes, you should consider getting yourself an eBay personal account.

However, if what you seek is to sell on eBay full time, dealing in bulk sales or reselling products the business account is what you should pick moving forward.

What is a Personal Account on eBay?

A personal account is often employed when you’re willing to sell on eBay as a hobby where you list a minimal number of personal products. The products are either antiques or are sitting idle with no use.

What is an eBay Business Account?

eBay allows you to choose between a personal account and a business account. A personal account is for casual selling, while a business account allows you to sell large quantities of products. You can also register a legal business name and customize your store with your business branding.

What are the Differences Between Personal and Business Accounts?

eBay business account pros and cons? Those sellers who have a relatively small number of goods or choose to sell randomly choose to make an eBay account where they can handle the fees. It is not big news that eBay has two main types of fees that are eBay Insertion fees and Final Value Fees. Here is why the sellers with small sales volumes mainly choose to make a personal account. 

If you plan to sell products in large quantities, you can register a business account. In this way, you can enjoy all the benefits of being an eBay business account seller. Along with all the benefits, you should also consider the eBay business account fees.

Business eBay sellers can choose a company name for the eBay registration page, which will appear in the invoices issued by eBay. In order to become an eligible business account user, you can either change your personal account to business or register a new business eBay account. 

When Should I Register on eBay Using a Business Account?

Look for these six signs in your sales if you want to register yourself as a Business but are not sure whether you should or not:

Reselling

Suppose you are a reseller and deal in bulk listings on eBay. Getting yourself a business account is what you should do.

Manufacturer

When ebay creates a business account for the products you are listing on eBay (which means if you are already a manufacturer), getting yourself a business account is intelligent.

Sales Quantity

If you’re a seller who deals in large quantities of sales regularly, a personal account will not entirely serve your purpose. Registering to a business account will reduce the various fees levied on your products and sales and open multiple other pathways for your business expansion like having an eBay storefront.

Selling Items That are not For Your Personal Use

When you’re selling items on eBay that you acquired with the purpose of selling and not personal use, you should consider switching to a business account. It can be beneficial in the long run, helping you save taxes.

You’re a Selling Assistant

eBay gives you an option to sell for others if you fulfill certain selling criteria. So, If you’re operating as a selling assistant on eBay, it is highly advisable that you get yourself an eBay business seller account. Selling products for other businesses on eBay is almost similar to selling your own products.

Buying for Your Business

If you’re buying items for your business, you should consider getting yourself a business account. eBay lets you conduct searches using keywords like bulk, liquidation for the products you plan to sell on eBay. It allows you to buy and resell the same on eBay with ease.

How to Register to eBay Using a Business Account?

How to create an eBay account? To switch your account type from personal to business:

• Click on the My eBay tab.
• Select “Personal Information” after selecting the “My Account” heading.
• Now click the “Edit” link. It is located next to the Account Type.
• Select the “Business” option on the Change Account Type page
• Enter your details for the Business account, and then click on the Change to Business Account button.

Can I Convert My Personal eBay Account to Business?

If you already have an individual account, you can change your account to a business account. To change your account type from individual to business:

• Go to My eBay.
• Click the “Personal Information” link under the “My Account” heading.
• Click the “Edit” link next to Account Type.
• On the Change Account Type page, select the “Business” option, and then click the Continue button.
• Enter your business name, and then click the Change to Business Account button.

Is It Cheaper to Have a Business Account on eBay?

eBay business account vs personal account fees? Registering to a business account will reduce the various fees levied on your products and sales and open multiple other pathways for your business expansion like having an eBay storefront.

How Much Does a Business Account on eBay Cost?

Starting at $19.95 a month (for an annual subscription), an eBay store gives you hundreds or thousands of free listings per month. Visit eBay Fees for details about fees, including a fee calculator and a tool to help you pick the right eBay store option. For additional information, yo can read the comparison of personal and business account on eBay business account vs personal reddit

What Are the Benefits of a Business Account on eBay?

As an international e-commerce site, eBay is able to give you many benefits. eBay dropshipping personal or business account? Same as Shopee, eBay also allows dropshippers to sell on the site.

Read also: The Easy Ways to Dropship Shopee Malaysia Plus Tips!

Having an eBay business account comes with notable advantages when compared to a personal account. The benefits that can help you grow your business on eBay includes:

Lower the Taxes

When you start selling under a business account, you need to pay additional taxes other than the personal taxes that you’re subjected to. It means more paperwork. However, more paperwork also means you’ll get more money in terms of savings from your taxes. Therefore, there are no other reasons for you to not doing eBay create a business account because taxes will be lower if you do.

Your Company Branding

When eBay registration for a business account, you do not only get a better and improved listing, but you also get access to various subscriptions. The subscriptions can use it for expanding your opportunities in terms of sales, promotions and other benefits that eBay has to offer for its sellers. So, it is better for you to do eBay upgrade to business account.

Legal Protection

When selling on eBay personal accounts regularly, you’ll find it challenging to manage your taxes and your income when the time comes. Whereas with a business account, you attach a legal name to your sales. All your invoices and bills get connected to the business name you select. It also paves the way to various deductions and benefits when filing your taxes. With that many benefits, you will rarely find the disadvantages of eBay business account.

Conclusion

It’s evident that between the personal and business accounts that eBay offers, business accounts stand out. It unlocks better facilities, higher selling limits, and tools that would have been inaccessible otherwise.

If you’re still selling with a personal account, or if you’re someone who’s been staring at your screen, perplexed whether to select personal or business accounts. Select a Business account without any second thoughts for my eBay.

The only reason you should have a personal account is if you sell once or twice a month and are not thinking of expanding. But with eBay why wouldn’t you?

Read also: Can Sellers Do eBay Change Currency in eBay Malaysia?

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