eBay- Selecting your payment preferences
Before you start selling on eBay, select your payment preferences to let us know how you'll pay your seller fees and how you want to let your buyers pay. You can also set up a payment gateway if you want to accept credit card payments.
Setting up your seller fees payment method
When you create a seller account. you link your seller account to your preferred selling fees payment method. eBay can automatically debit or credit your seller account as you list, make a sale, or need to be reimbursed.
In the Payment methods for Seller Fees section, click the Change link for the payment method you want to change.
To get a refund for credits in your seller account, see Requesting a refund of your eBay credit balance .
Setting up your buyer payment preferences
How you set up your buyer payment options depends on each method and what you list. For most categories, you need to offer buyers at least one
online payment or merchant credit card option—this is often the fastest and most convenient method for buyers and sellers. Cash isn't allowed for most listings with the exception of the Payment upon pickup option and certain categories.
First things first
Before you set up or change your payment preferences, take a look at Selecting payment methods and our accepted payments policy to choose the options that are best for you.
All electronic payment methods require you to use eBay checkout. When you use checkout and one of the eBay-approved online payment methods, your buyer sees the Pay Now button in their email notification and in the Messages section of My eBay. When the buyer clicks the Pay Now button, selects one of the payment methods you offer, and pays you, your processor handles the payment, you receive notification that you've been paid, and you can ship the item.
Checkout is set up as a default when you create a seller account. To be sure checkout is on:Source: pages.ebay.com