Best Bank Account for eBay Sellers: 8 Alternatives

Mike Renaldi

eBay is one of the top ecommerce sites in the world and offers significant advantages for both buyers and sellers. You can buy and sell items quickly with eBay’s easy-to-use and innovative platform. However, finding the right account to tie together with your eBay account is crucial, especially for eBay sellers.

The right bank account for eBay sellers can make a significant difference in operational ease and profitability, especially bank accounts with easy and flexible options such as Wise Business. This article will look at some of the best bank accounts for eBay sellers to help you make the best decision possible.

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Best Alternative for eBay Sellers: Wise Business

Wise Business offers cost-effective options receiving payments as well as payments across currencies. If needed, eBay sellers can convert money from USD to other currencies with low transaction fees and mid-market exchange rates. After just a one-time fee, you can get access to major currencies such as USD, GBP, EUR, AUD, CAD, and more.

Known for its lower rates compared to other services, Wise Business provides not just attractive fees, but also handy features like seamless accounting software integration and a business debit card. And all of this is anchored with the mid-market rate, ensuring fairness and transparency.


Wise Business doesn’t offer different plans but rather various features and services with individual fees and charges. It’s a pay-as-you-go system, which means you only pay for the transactions and services you actually use, providing an affordable and flexible option.


Wise Business is known for its competitive and transparent fee structure. Opening an account is just a one-time fee of 31 USD, then the fees you pay per transaction are based on the currency involved. Receiving money in your Wise account is free with local account details in USD, CAD, EUR, GBP, and more.

An important additional benefit: Wise also has no minimum monthly balance requirements or monthly fees.

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Use Wise account details on Amazon, eBay, Etsy, and more

Best Bank Accounts for eBay Sellers

Finding the right banking solution for eBay sellers navigating the platform can be challenging. Ideally, you’re looking for a bank account that offers the right features to support your journey as an eBay seller and help you in growing your business. When evaluating bank accounts that could be the right fit for your eBay sales, it’s essential to look for features that help you streamline operations, offer minimal fees, and offer support and features to help you further grow your business.

By understanding these nuances, you can position yourself in the best way possible to grow your eBay sales and manage your finances. We’ll now explore some of the top solutions for eBay sellers looking for a bank account.


Chase is one of the largest banks out there, with a wide array of business and personal options available. Chase might be the right option for eBay sellers looking for an integrated digital solution.²

Many online banking options are available, enabling you to manage transactions, monitor cash flow and finances in one solution. Chase also offers fraud protection measures and real-time account alerts, adding a layer of security to their services. Chase also offers business credit cards and other solutions for eBay sellers looking to expand their activity.

Lili Bank

Lili Bank is an innovative digital banking solution specially tailored for freelancers and online entrepreneurs like eBay sellers. Designed with modern business needs in mind, Lili Bank combines the convenience of digital banking with tools that significantly aid in ecommerce operations.

Lil Bank offers a user-friendly digital approach that can immensely benefit eBay sellers. The business checking account provided by Lili Bank does not have hidden fees, overdraft fees, minimum deposits, or balance requirements.³ eBay sellers can send and receive money via ACH, integrated payments, or external bank accounts. Lili Bank also offers a high-yield savings account for entrepreneurs and eBay sellers looking to grow their income.

Another pivotal feature that sets Lili Bank apart is its focus on financial management tools tailored for the self-employed. Lili Bank includes powerful accounting software to help categorize and manage transactions.

With Lili Bank, eBay sellers can create automatic financial reports, including expenses, profit and loss, and cash flow statements. These tools assist eBay sellers in separating business from personal expenses, tracking their income, and managing tax preparations.


NorthOne is another banking solution specifically designed for startups, freelancers, and digital entrepreneurs such as eBay sellers. Its unique offerings and dedication to online business have positioned it as a bank of choice for many.

One of the top features NorthOne has for eBay sellers is its mobile-first approach and technology. NorthOne offers essential banking functions, from transferring funds to monitoring account activities that can be completed via mobile.

Additionally, NorthOne is a comprehensive banking solution that includes business banking and financial management platform in one solution.⁴ With NorthOne, eBay sellers can manage cash flow with a variety of payment options, custom integrations, budgeting tools, and much more. The real-time view into finance enables a more agile approach, which can benefit eBay sellers significantly.



Axos has consistently risen above the crowd as a financial solution in recent years. Axos has always gained recognition for its forward-thinking approach and tailor-made solutions for online businesses, including entrepreneurs such as ecommerce sellers.

Axos Bank is designed to be a seamless online banking experience for basic transactions and more intricate financial operations. Axos also offers financial flexibility, including various types of accounts, including basic checking accounts and business interest checking accounts.

The Basic Checking account offered by Axos Bank has no monthly maintenance account fees or minimum deposits. The Business Interest Checking Account might be the right fit for eBay sellers with a higher volume of transactions.⁵ There are no account maintenance fees if daily balance requirements are maintained, and the account also comes with high-yield interest options.

US Bank

US Bank is a long-standing financial institution with many options available for business banking. US Bank has created adaptable, flexible solutions for business banking, with digital options available for eBay sellers looking for a simple solution. US Bank offers three types of business accounts that could be a potential option for eBay sellers.⁶ 

The Silver Business Checking Account package is perfect for basic needs. There are no monthly maintenance fees, up to 125 free transactions per month, with minimal costs for higher volumes of transactions.

The Gold Business Checking Account Package comes with a $20 monthly maintenance fee which can be waived in specific circumstances. The account type also comes with up to 300 free transactions and minimal fees if transactions exceed that number.

Lastly, the Platinum Business Checking Account Package is available for fast-growing eBay businesses, with a $30 monthly maintenance fee which can be waived in certain circumstances. The account comes with up to 500 free transactions and small fees associated with transactions above this number.

Capital One

Capital One is another longstanding financial solution with a suite of business account options available. For eBay sellers looking for financial management that includes business banking and credit card options, Capital One may be the right option.

CapitalOne offers basic checking accounts, enhanced checking accounts, and additional options such as business lending.⁷ The diversity in banking solutions is where Capital One has advantages for eBay sellers.

eBay sellers have a spectrum of account options to choose from, each designed to cater to different aspects of their business. Whether it's cash flow management, high-interest earnings, or low transaction fees, Capital One offers a solution tailored to the multifaceted needs of online businesses and ecommerce operations.

Wells Fargo

Wells Fargo is a historic financial institution with a vast array of banking options for businesses and entrepreneurs such as eBay sellers. Wells Fargo offers a range of business banking accounts with digital options.

eBay sellers can use Wells Fargo business banking options for transaction monitoring, funds management, and insightful financial reports into business health.⁸ 

The Initiate Business Checking® comes with a $10 monthly service fee and a $500 minimum daily balance requirement for maintenance. The Navigate Business Checking® account comes with monthly fees of $25 that can be waived if a $10,000 daily balance is maintained, and there are additional requirements as well. For larger volumes of sales and transactions, the Optimize Business Checking® has a $75 monthly maintenance fee with a host of additional features.


Best bank accounts for eBay sellers: FAQ

Does eBay take Chime?

EBay primarily works with PayPal, credit cards, and direct bank transfers for most transactions. However, since Chime provides its users with an account number and a routing number, much like any other bank, eBay sellers can link their Chime bank account to receive payouts from eBay.

How to link a bank account or business checking account to eBay

Linking a bank account or business checking account to eBay is a crucial process for sellers aiming to receive their payouts smoothly.

Start by logging into your eBay seller account. Once you're in, navigate to the 'My eBay' section. From there, select 'Account' and then choose 'Payments' from the dropdown menu. You'll find options for managing your payout methods in the' Payments' section.

You can then choose to link a new bank account or modify an existing one by providing the required details, including your bank's name, account number, and routing number for US banks.

How do I add my bank account to eBay for payouts?

You can add your bank account to eBay for payouts using your seller account. Once logged in, look for the 'My eBay' section at the top right corner and navigate to the 'Account' tab. You’ll then select Payments and see an option to add a bank account as your payout method.

What banks or business accounts does eBay accept?

eBay works seamlessly with major national and international banks and online banks. eBay will accept most banks and business accounts as long as the bank offers a standard account and routing number. eBay accepts both personal and business checking accounts and does not necessarily distinguish between the two as long as the necessary details are provided.

How to change your bank account or business account on eBay

Changing your bank or business account information on eBay might seem like a daunting task, given its financial implications, but it's designed to be a seamless experience. You’ll need to log into your seller account and navigate the ‘Account’ section.⁹

You’ll find ‘Payments’ in this section, where you can manage and change bank or business accounts on eBay. You’ll just need to add relevant bank details for the change. eBay typically takes up to two business days to confirm the changes and for payouts to be enabled to the new bank account.⁹

How can Wise help me succeed as an eBay seller?

Wise Business has become a great way for ecommerce sellers, whether on Etsy, eBay, Amazon, or other sites to get paid without extra fees. For example, Wise Business offers the ability to pay a one-time fee to get paid without extra fees in GBP, EUR, USD, CAD, AUD, and more.

How does this work?

Wise Business gives you local account details that allow you to get registered on sites like eBay with an account in the United States, for example. Since Wise is trying to get rid of excess fees, you will see that your payments won't get fees taken away by Wise. Instead, Wise Business charges on cross-currency transfers, and even these use the mid-market exchange rate to ensure you get fairest price possible.

Check out some more features below that help over 300,000 businesses use Wise every quarter.

Some other features Wise Business users love
Account Software Integration: QuickBooks, Xero, Sage, and Wave
Batch payments offer the chance to send up to 1000 invoices in a single click
The Most International Account: Hold 40+ currencies at once
Transparency: Wise Business is trying to get rid of all your business account fees
Most importantly, if you're sending international mass payouts, then Wise could help. We offer the mid-market exchange and transparent costs, which has attracted over 16 million users to hold, receive, and send money with Wise and save along the way

Looking to save when sending and receiving overseas payments?

Receive money
with Wise Business >>

300k businesses use Wise every quarter
Trustpilot Score: Great ¹ on 190,000+ reviews
Use Wise account details on Amazon, eBay, Etsy, and more

Learn More:

How to Connect Your Payoneer and eBay Accounts: 6 Simple Steps

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.

Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks.



This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.

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