Which one is the Better Option Between eBay Personal and Business Account

Isn’t the e-commerce industry loaded with confusion and battles? I mean, at first, selecting the right sales channel and once that is done, there are different types of seller accounts on the same channel to choose from. On eBay as well, the sellers face a strong internal tussle while choosing between a Personal Account and a Business Account on the sales platform. Well, the experts at MapMyChannel are simply there to help you come out of such slight situations. This blog will discuss everything from differences, similarities, and use cases to pros and cons. Hence, there will be a clear picture painted in your head with perfect detailing. Let’s start painting!

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If Choosing The Right Sales Channel is still a Mess! Read: Top online ecommerce marketplace in the world

Defining eBay Business and Personal Account 

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eBay Personal Account: As the name suggests, this is popularly known for personal use rather than regular sales. It is more useful for people who want to sell their unused items once in a while. It comes in handy to get some money in urgent situations or just get rid of some furniture, electronics, or collectibles at times. Basically, this account only helps when eBay selling is more of a situational thing rather than a full-fledged business. 

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eBay Business Account: Again, the name explains the purpose well here. This is the account type used by businesses to make sales on a regular basis and in large volumes. The primary difference lies in the tools offered under this account, which not only support selling but also allow the business owners to boost conversions. However, the selling part is not as easy under this due to the requirement of verification and documentation. Let’s have a better understanding of this in the next section. 

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Some other eBay related query bothering you? Have a look here

Having Deeper Look into eBay Business Account 

As mentioned above, the Business account of the sales channel needs a better understanding(Quora seller Community). Here’s why you would need to register for a business account: 

Reselling Business

Resale is not always related to personal goods; it can be a business model for many sellers. In such a case, a business account is the way to go. There is a certain limit to listing in case of a personal account; such a business cannot depend on limited listings, hence a business account should be the choice. 

Manufacturer 

For manufacturers, producing goods for D2C sales or even bulk selling on eBay business handle is the means to make sales. This allows them to convert the audience into consumers much quickly. Also, as a manufacturer, catering to consumer needs becomes much easier with a one-to-one interaction opportunity. 

Large Volume Sales

Any kind of large-volume selling can only be supported by an eBay account of compatible capacity. This has certain perks, like reduced listing fees and better marketing opportunities. An eBay store does not always have the purpose of making sales, but also of building a brand value, which is only possible with a business setup on the sales channel. 

Selling Assistant 

If you meet specific selling requirements, eBay allows you to sell for other people. Therefore, it is strongly advised that you create a business seller account if you work as a selling assistant on eBay. On eBay, selling goods for other companies is nearly the same as selling your own goods. You can choose how many listings you are required to manage by the product owner if you have a business account. 

Made Your Mind? Here’s How to Switch Accounts

Considering the conditions under which one should switch from an eBay Personal Account to a Business one

(reddit ebay seller community), you would have made mind to make the switch. The question is HOW? The answer is in the following process: 

• Go to the ‘Account Settings’ in My eBay.
• Click on ‘Personal Information’. 
• Click on ‘Edit’ next to Account Type. (There might be a condition to sign in again)
• Click on ‘Confirm’ to turn the account into eBay Business. 
• Further, you need to specify if you work as a legal entity or sole proprietor.
• Once selected, click on ‘Continue’. 
• The next page needs you to enter the business information like name, contact information, and returns policy. 
• Then click on ‘Save’ and you are DONE!

Advantages of eBay Business Account and eBay Personal Account

Everything comes with its own advantages, as is the case with both the account types in discussion. Let’s understand the advantages of both one-by-one: 

eBay Business Account

• Branding: In addition to receiving an enhanced listing, creating an eBay business account grants the sellers access to a number of subscriptions. They can increase their chances of sales, promotions, and other advantages that eBay provides its sellers by using the memberships.
• Legal Protection: It will be difficult to handle the revenue and taxes when the time comes if the business continues to sell on eBay personal accounts. On the other hand, sales get a legal name when using a business selling account. The business name chosen by the seller is linked to all of the bills and invoices. It provides legal protection much needed in times. 
• Higher Selling Limits: Numerous restrictions that apply to personal accounts are also removed for commercial accounts. Setting a minimum listing restriction of 10 for items is one of the biggest drawbacks of creating an eBay personal account. By increasing the listing limit, the business eBay account enables sellers to list more items and increase sales.
• Access to Better Tools and Promotions: eBay is a very versatile platform that gives its sellers support from multiple angles. It gives them tools for both promotion and listing so that they are never behind in sales and expansion. Such tools are offered eventually but provide an undivided support to revenue. 

eBay Personal Account 

• Tax Saving: This is one of the primary reasons why sellers refrain from shifting to Business account. The tax paying is nearly half as to what sellers need to pay with ebay account. 
• Less Time and Money Spent: A personal account will take less time and money to maintain if selling on eBay is for leisure and the seller have other jobs. They don't have to spend a lot of money on advertisements and promote marketing efforts.

We All Have Our Own Winners

After reading this piece of writing from our expert, you would have made your mind if you wish to continue with Personal Selling or Business Account. Business account seems quite promising if you actually wish to run and expand a business in long run because the tools offered by eBay are not just helpful but also effective in nature. Apart from this, eBay as a marketplace is one of the most loved one by the audience worldwide. Who wants to lose on the opportunity to be global brand and make sales internationally! eBay account of the right nature can bring all of this to you effortlessly. If managing orders and inventory is an issue then the right eBay integration software should be another thing of consideration.