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Discover the top payment methods for Indian eBay Sellers in 2024.

2 minutes read

Discover the top payment methods for Indian eBay Sellers in 2024.

As an eBay seller, your priority is to grow your business and delight your customers with seamless service. However, several issues can slow you down when it comes to international payments.

  1. High Transaction Fees: International payment methods often charge high fees, which can eat your profit margins.
  2. Delayed Payments: Cancelling international payments can disrupt your cash flow. Some platforms take 2-5 business days to process and deliver international payments, adding to the delay and uncertainty.
  3. Complex Compliance Requirements: Navigating the compliance landscape for international payments can be complicated.

You need a reliable international payment method to efficiently handle eBay's global shipping transactions. Here, we'll explore the best solutions for Indian eBay sellers to manage international payments hassle-free.

1. Wire Transfer via SWIFT for Receiving International Payments

Wire transfer through SWIFT has been the go-to method for transferring international payments. It’s a trusted but expensive method. The transaction fees are usually 1-2%. Additional fixed fees can be thousands of rupees per transaction. Hidden banking fees may increase the cost, and the process takes several days.

Despite these drawbacks, many Indians choose wire transfers for their security and reliability. To know more about how SWIFT works, read our blog.

2. Credit Cards for Receiving Cross-Border Payments

Credit cards are a popular choice to receive eBay global payments. They are quick and convenient for both parties involved. However, there are some downsides to these transactions. Their high fees, up to 2-4%, impact profit margins. Processing time may also take several days, affecting cash flow.

Credit card companies have strict security measures to prevent fraud. Credit card transactions, therefore, experience high failure rates (~20%), resulting in a loss of customer trust. Despite these downsides, credit cards provide a secure method to receive funds from your international clients.

3. PayPal: A Convenient Option for Receiving International Payments

eBay businesses also rely on platforms like PayPal to receive their international money transfers. PayPal is convenient because you don’t need to visit a bank or deal with paperwork. You can easily open an account online by submitting the required documents.

Remember, PayPal’s support for different currencies may vary. Also, transaction fees, usually 3-5%, can affect your earnings. So, compare the fees and supported currencies before choosing PayPal.

4. Global Collections Accounts for Receiving International Payments

Businesses on eBay now opt for global collections accounts to receive international payments. These accounts help manage funds in different currencies, which is helpful for global businesses.

Compared to traditional banks, virtual accounts offer faster and cost-effective alternatives.

With Winvesta, businesses and individuals can open a global collection account with local bank account numbers. You'll get local US, UK, EUR, AUD, SGD, and HKD accounts. With these local accounts, you can receive unlimited payments. Collect payments from 180 countries in 37+ currencies and withdraw your funds to INR in as little as 1 day at charges starting at $3 + 0.99%.

How does it work?

  • Create your Free Winvesta account.
  • Share your Winvesta account details with eBay.

Comparison at a Glance

  Winvesta MCA Credit Card PayPal Payment Gateway SWIFT
Payer Fee 0% 3% 0% 0% $30-$50
Receipt Fee $3 + 0.99% 1.5%-3% 4.4% + $30 3%-4.5% $20-$40
FX spread 0% 3%-5% 3% 2% 3%-5%
Withdrawal to India $0 $0 $0 $0 $0
Total $3 + 0.99% 7.5%-11% 7.4% + $30 5%-6.5% up to 5% + $90
Speed In as less as 1 day 2 to 7 business days 2 to 5 business days 2 to 7 business days 2 to 7 business days
Rejection Rate Low High Low Medium Low


Choosing the right eBay global payment method for your business can help it grow.

  • Wire transfer via SWIFT is reliable but expensive and time-consuming.
  • Credit cards are convenient but have high fees.
  • PayPal is popular but charges fees and has currency limitations.
  • Virtual global collections accounts, such as Winvesta’s, offer cost-effective solutions with faster transactions. By considering fees, speed, and convenience, you can optimize international payments and focus on delivering excellent services.

Open your Winvesta account today!

Disclaimer: The article references PayPal, which owns its own trademark.