The money will go to your Paypal account, from which you can transfer it to your bank account.
Ebay will charge you a small fee for the insertion (probably only about £1.00 or so, depending on how many options you go for, and will also take 10% of the final sale amount.
You will also be charged based on the lowest amount you set it for. To set a minimum of £100, you'll be charged £1.30.
And for the record, you won't get £100 for a FAULTY phone. Have a look at other people selling similar. Any with that high a price do not sell.
Go on the ebay site, and read up on the help pages what you need to do.
Google it :D
hi, i have an iPhone i want to put on eBay, it is faulty so im looking for about £100, but how much will it cost me to put it on? and how will i receive the money. i only accept paypal, but if the transfer is successful, will the money be in some sort of paypal account? i want the money in my bank account.