EBay is that magical word that sends people laughing to their bank. EBay has provided employment to millions of people directly or indirectly. EBay has taught a new way of conducting business on the net to an extent that many firms were compelled to look at this business model. Although this business model is not new, eBay used it to advantage of all the people involved in the process.

When you register on eBay, you can immediately start your buying activity. This doesnt apply for sellers. Sellers have to go through few more steps to become a registered seller on eBay, the largest online place on earth. Seller account on eBay is needed due to transaction fees charged by eBay to sellers (buyers are not charged anything or stated other way round, the fees is included in the final price). The simple sellers account set up wizard guides you through to set up the account. You will be asked to furnish your credit card details (number, expiry date, etc) and your checking account number. You will have to fill in your checking account details like bank name and account number. You will be asked to place your priorities for the fees deduction source. You may select either of the two your credit card or your checking account.

Once you have furnished these details, your information will be submitted to the central processing system. You may have to wait for one to two days to commence your selling operations through eBay. You will receive a confirmation mail from eBay to this count.