Do you love to shop? Love a good auction? Want to get in on the money making buying and selling going on every day on eBay? Millions of people around the world buy and sell on eBay making it one of the most popular cyber malls in the world.

There are so many people trying to untangle the mysteries of how to make money on eBay, when there really are no mysteries. Given the essentials of setting up a buyer and seller account, starting an eBay business is simple. There are three basic steps that will move you toward becoming the eBay entrepreneur you want to be.

The first thing you need to do is register with eBay. On the eBay homepage click the “register” link. Complete the online registration. Once you have created your account, read the terms of service and click the box indicating you agree with the terms of service. An email will be sent to you to which you will respond to activate your eBay account.

Step two is it’s time to create a payment account. The easiest and most secure option for payment is a PayPal account. PayPal offers protection for buyers and sellers. It also offers free auction tools for sellers. Credit card payment may also be accepted, but it is necessary to set up a merchant account first.

Once you are registered and have set up a PayPal account, create a seller’s account. Verification of your identity by PayPal, in the interest of fraud protection, is required by credit, debit card, or checking account before you begin to sell on eBay. The next step is to set up payment for any fees you incur from selling on eBay.

You may make a one-time payment, from your Paypal account or credit card, when an auction item is listed. Your eBay account can be set up to deduct fees from your PayPal account on a regular basis, or to be paid via credit card. You can also pay eBay directly from your checking account, an option only available in the US. Business retailers may opt to pay by check.

Learn how to sell successfully on ebay and make money. Also visit our partner site to learn how to make fast money online.