2 Ways to Do eBay Create a Business Account Plus Tips!

There are several reasons people choose eBay create a business account. You can create a business account using the eBay app or visit the eBay website. Here are the explanations plus the tips to set up your business account.

Read also: Which One is Worth It? eBay Business Account vs Personal

Personal Account vs Business Account: What is the Difference?

eBay business account vs personal account difference is personal accounts are often used as a hobby, where you sell a minimal number of personal products. The item is either antique or unused. If you’re not focusing on selling on eBay for business purposes, consider creating a personal eBay account. 

However, if you want to sell, or resell your products full-time on eBay, you must use your business account. 

If you are a registered business seller (Sole proprietor/Single member LLC, Corporation/Multi member LLC, Partnership), eBay will ask for some additional details, such as your business name, type, address, as well as any beneficial owners, officers, directors, or account manager.

When Should You Register as a Business?

You know the differences between eBay business account vs personal account. If you’re trying to register as a business but aren’t sure if you do or still doubting do i need an eBay business account, look for these 6 eBay signs in your sales.

• Sell items that you have bought to resell.
• Sell items that you have produced yourself to sell.
• Sell a large amount of goods on a regular basis.
• Sell new things that you have not acquired for your personal use.
• Sell items as a trading assistant.
• Buy items for your business.

If you aren’t sure whether you should register as a business or as an individual, contact your legal advisor to help determine whether you operate as a business and to learn more about your legal obligations as a business seller.

What Are the Benefits of a Business Account on eBay?

Account on eBay has eBay business account pros and cons. eBay business accounts have significant advantages over private accounts. Some benefits that can help you grow your eBay business include:

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.

Your Company’s Branding

When you register 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.

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.

Higher Selling Limits

The business account lifts many limitations that are imposed on personal accounts too. One of the most significant flaws of having registered for a personal account is getting a minimal listing limit for your items set to 10. The business account raises the ceiling for the listings allowing you to sell more by listing more.

Access to Better Tools & Promotions

eBay has a lot to offer when it comes to its sellers, especially Malaysian sellers. But, the problem you might face when trying to access them through a personal selling account is that they’ll be inaccessible. Various tools like Promotion Manager, selling manager pro, and others can help boost your sales manifolds.

Read also: Can Malaysians Sell on eBay? How to Successfully Do It?

How Much is an eBay Business Account?

It’s free to create an eBay business account; you will have to pay seller fees associated with the listing and selling of your products. eBay business account fees depend on the store type you have, whether it’s starter, basic, premium, anchor, or enterprise.

Can I Convert My Personal eBay Account to Business?

If you have already registered as personal account or eBay business buyer account, you can change your account type. To change your account type from personal to business:

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

Besides changing the account type from personal to business, you can also change the eBay currency if you want to buy something from overseas eBay sellers.

How Do I Set Up an eBay Business Account?

How to create an eBay account? Here are the steps.

Register eBay Business Account and Username

First, go to eBay.com to do eBay registration. Or you can also download the eBay app and open eBay app to register. But before that, eBay business account requirements you will need is an email address, phone number, credit card or bank account.

Next, on the eBay registration page, click on the Create a business account. 

To create your business account, first provide your business information. Please use your legally registered business name, email, phone number, and create a password. Then click Register.

Next, create your username. You can change your username later, but you will have to wait 30 days.

Then, tell eBay about your business. Enter your legally registered address, phone number and account contact information.

Verify your account, then enter the PIN you receive. Select your business type, And if you choose to, enter the value of your inventory. 

Connect Automatic Payment Method

You should be redirected once you verify your account. But if you aren’t, do eBay business account sign in, click on your name on the top left and click Account Settings. 

Then select Personal Information under the Personal info section. 

Once there, you will see a heading called Financial Information, select Update automatic payment method within that menu to set up your payments. 

Select the payment method that works best for your business.

Tips to Set Up Business Account on eBay

If you want to set up a business account on eBay, there are tips that you can follow. Here they are:

Adhere to eBay’s Terms

For the importance of transparency, eBay states that an eBay business account should be operated in the following situations:

• You are selling products/items that you have purchased with the specific intention of reselling the products/items
• You make your own products/items to sell, with the intention of making a profit
• You are a Trading Assistant
• You purchase products/items for your business on eBay

Provide the Correct Details

Add as much detail as possible in the description box in order to provide the buyer with detailed product descriptions so that they’re comfortable with the added knowledge when making a purchase.

Create Your First Auction

Simply upload a few clear photographs of the product in question (ensure you have many angles as buyers like to see as much of the product as possible). Remember, you should try to answer as many “potential” questions about the product as possible as it not only helps with customer satisfaction but you’ll be more likely to sell the product.

Know the Tax Implications of an eBay Business Account

Your eBay business account will be treated like any other business enterprise, and therefore the tax implications will not be significantly different to your conventional business model. For this reason, it’s vital that you keep accurate records for all your product sales, costs and expenses associated with your eBay business account. 

Conclusion

It is easy to create a business account on eBay. You can also convert your personal account to a business account if you have registered before. Business accounts offer more benefits than personal accounts, such as lower taxes and legal protection.

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