What Banks Does eBay Accept for Payouts?

When selling on eBay, understanding how to receive funds from sales is important. eBay’s managed payments system streamlines the transaction process, from buyer payment to seller payout. This system requires sellers to link a bank account, ensuring a secure and efficient transfer of earnings. This connection is essential for managing sales proceeds and maintaining an active selling presence.

Understanding eBay Payouts

eBay’s managed payments system handles the entire payment process, collecting funds from buyers and then disbursing them directly to sellers. When a buyer completes a purchase, their payment is processed by eBay, regardless of the method they choose. Sales proceeds initially appear as “Processing funds” in the seller’s account, with applicable selling fees and other costs automatically deducted. After a processing period, typically one to two business days from payment confirmation, funds become “Available for payout.”

eBay initiates payouts from these available funds according to the seller’s chosen schedule. Sellers receive their earnings directly into their designated bank accounts. This centralized approach means sellers no longer need to manage payments through third-party processors for most transactions. The direct deposit method enhances security and provides a consistent flow for sales revenue.

Types of Accepted Financial Institutions

eBay primarily accepts standard checking accounts from traditional banks and credit unions for seller payouts. These accounts must be capable of receiving Automated Clearing House (ACH) transfers, the common electronic funds transfer system in the United States. Both personal and business checking accounts are accepted, provided they meet the platform’s verification requirements. The account must be located in the same country as the seller’s eBay registration.

Certain types of financial products are not supported for direct payouts. Savings accounts are not accepted for receiving payouts. Prepaid debit cards or virtual accounts not directly linked to a traditional bank account may also not be eligible. While some online-only financial services might provide account and routing numbers, their acceptance depends on their ability to fully support ACH transfers and meet eBay’s security protocols.

Preparing Your Bank Account Information

Before linking a bank account for eBay payouts, sellers need to gather specific details from their financial institution. The full legal name of the bank is required for proper identification within the payment system. The account holder’s name on the bank account must precisely match the name registered on the eBay account to prevent verification issues.

Sellers will need both the bank’s routing number and their specific account number. The routing number, a nine-digit code, identifies the financial institution and directs where the funds should be sent. The account number uniquely identifies the seller’s individual account, ensuring funds are deposited into the correct destination. These numbers are typically found on checks or through online banking portals.

Linking Your Bank Account for Payouts

Once bank account information is prepared, sellers can link it within their eBay account. This process is accessed through the “Payments” tab in either Seller Hub or My eBay. Sellers will find an option to add a new payout method, choosing to log in directly to their bank or manually enter details.

After inputting the routing and account numbers, eBay initiates a verification process to confirm account ownership. One common method involves micro-deposits, where eBay sends two small, random amounts to the linked bank account. These micro-deposits usually appear within one to three business days, and the seller must then return to eBay to enter the exact amounts to complete verification. Alternatively, eBay may offer instant verification by securely connecting to the bank’s online portal.

Receiving and Managing Your Payouts

After a bank account has been successfully linked and verified, sellers can begin receiving their sales proceeds. By default, eBay sets sellers to a daily payout schedule, meaning funds available for payout are initiated each day. Sellers have the flexibility to adjust this frequency to weekly, biweekly, or monthly within the Payout Settings section of their Seller Hub or My eBay.

Once a payout is initiated by eBay, the funds are marked as “Funds sent.” It typically takes an additional one to three business days for funds to clear and become available in the seller’s bank account, depending on their financial institution’s processing times. Sellers can track the status of their payouts and view their transaction history within the Payments tab. To update bank information, sellers can delete their existing payout method and add a new one, which may require re-verification.