n an effort to compete interest-free options for
with more ‘traditional' purchases of $199 or more over 3,
shops, eBay has started to 6 or 12 months.
offer finance agreements though
PayPal for expensive items. This The reason why some of these
means that, if the seller decides credit offers sound better than
to offer it, you can now spread others is that it is up to the
the cost of an item into seller to decide how good the
affordable monthly payments. credit offer should be and pay
extra to PayPal to offer it. To
This is good for buyers, good for give their buyer the best
sellers, and good for eBay. promotion, for example, of no
Buyers can get the kind of credit interest for twelve months, the
agreements they're used to in seller must pay 3.75% of the
shops. Sellers can make their item's cost to PayPal.
items more attractive to buyers
who might not have all the money Basically, this means that
then and there, but eBay still sellers pay less when the buyers
pays the sellers upfront - they pay interest, and sellers pay the
don't have to wait to be paid cost of the interest on the
each month or anything like that. interest-free offers. PayPal
Buyers make their monthly makes its interest either way,
payments to PayPal's credit buyers are happy to get credit,
provider instead. and sellers are happy to sell
more.
The APR of the Buyer's Credit
program is currently 12.9%. You Can I Get This Credit?
can pay back $999 or more over 12
months, or $1,999 or more over 24 On items over $199, Buyer's
months. There are also Credit is now being automatically
offered to buyers in the USA significantly increase prices and
only. Just click the link when sales at the higher end of the
you buy something for more than market.
$199 and you will be taken
through the application process, It is worth noting that you can
which includes a 30-second check use Buyer's Credit anywhere
on your credit history. Then you PayPal is accepted, not just on
just go through the buying eBay. PayPal say it's "like a
process as normal, and you get credit card - minus the card!"
your item before you've paid a You don't get a card number - you
penny. can pay with credit with just
your email address and password.
Why are eBay Offering This?
The only thing left to do now,
eBay say they want to "level the then, is find the best deal for
playing field", to allow eBay that really special item - the
businesses to compete with the expensive thing you've been
big chain stores, and they also wanting for ages but could never
want to promote PayPal as a afford. But how can you be sure
payment method. Relatively few you're getting the best price?
buyers can afford the more Try our tips and tricks for eBay
expensive items on eBay all at searching, in the next email.
once, and so the introduction of
Buyer's Credit seems likely to
About the Author:
Kirsten Hawkins is an Ebay and internet auction enthusiast from Nashville, TN. Visit http://www.auctionseller411.com/ for more great tips on how to make the most from Ebay and other online auctions.
Read more articles by:
Kirsten Hawkins
Article Source: www.iSnare.com
