Bay is becoming a more set up - you are only charged a
competitive environment to fee when there is a transaction.
make money these days. As PayPal makes it easy for every
such, there are certain things seller to accept credit cards
that you can do as an eBay seller safely online without the time
to separate yourself and distance and expense of setting up a
yourself from your competition. typical merchant account.
As you set up your eBay selling Many people shop on eBay for
systems, make the commitment to convenience. PayPal provides the
accept all methods of payment. If simples and most convenient way
not, you'll lose out on potential for a buyer to pay. You can
customers. register for a free PayPal
account at:
The following short list should http://www.paypal.com.
be considered your preferred
method of accepting payment on 2. Money Order or Personal Check
eBay:
Some sellers don't like accepting
1. PayPal a personal check for fear of the
check bouncing. 99.9% of all
Paypal, owned by eBay, now has checks are good. As long as you
over 100 million members and is follow the basic strategy of not
the most accepted payment method shipping your item until the
online. While some sellers don't check clears you have nothing to
like the 3% PayPal fees - lose - even if the check is not
remember that 97% of something is good.
better than 100% of nothing.
Remember that there are some
PayPal is simple (and free) to buyers who don't have a credit
card. If you make them go to the that the escrow service will
bank to get a money order, they guarantee full protection prior
may simply buy from someone else the close of the transaction.
who takes a personal check. NOTE: With escrow, the seller has
to wait for the confirmation that
I would suggest NOT taking checks the buyer has received the
from International Buyers as it merchandise prior to receiving
simply takes too long for the payment.
check to clear. Reminder: In your
payment terms in your auction, Safe Payments Policy
you'll need to disclose your
payment policies - and be sure to Recently, eBay instituted a "Safe
specify whether you'll accept a Payments Policy" in an effort to
personal check or money order continue the safe and secure
from an International Seller. transactions on their site. eBay
evaluates various payment methods
3. Cash to insure that transactions are
safe within the eBay marketplace.
While it's not the best method of
payment, some eBay sellers do
accept cash payments. It's not As such, their recent policy
likely that a buyer will send you states that sellers may accept
cash for their purchase. the following methods of payment:
4. Escrow -PayPal
-Direct Credit Cards (for those
For a high-ticket item (car, real sellers with a merchant account)
estate, jewelry, etc.) escrow is -Bank Wire Transfers
a safe and secure way to accept -Personal Checks, Money Orders,
payment for the simple reason Cashier's Checks and Certified
Checks or Moneygram. Sellers may not ask
buyers to pay with Stormpay,
Not permitted on eBay.com: Greenzap.com or e-gold payments.
Sellers may not solicit buyers to Finally, sellers may not request
mail cash. Sellers may not ask payment through online payment
buyers to send cash through methods not specifically
instant cash transfer services permitted in this eBay policy.
(non-bank, point-to-point cash
transfers) such as Western Union
About the Author:
Adam Ginsberg is an author and educator and has built a small fortune selling on eBay. He has personally sold over $20,000,000 on eBay and has written the best selling book: How to Buy, Sell & Profit on eBay. You can learn more at adamginsberg.com
Read more articles by:
Adam Ginsberg
Article Source: www.iSnare.com
