First of all, on eBay, the mode of payment depends on the agreement between the buyer and the seller. Most often, the seller will specify his or her desired payment method. In these cases, the seller often has primacy in the decisions regarding payment modes. However, the buyer may still communicate with the seller regarding a viable alternative if it suits both parties.
The following is a list of common eBay payment modes:
1. Cash On Delivery
Cash is, after all, still cash. This payment method can be done through a third party courier system or by the buyer and seller meeting each other at an agreed place. The advantage of a cash transaction is that the exchange of the item for payment is done in the presence of the buyer and the seller (or the sellers representative). However, some people will not accept the risk present when two strangers meet.
2. Personal Check
One popular method of payment is personal check. Writing checks is easy and safe. However, many sellers do not like accepting check because they are easy to cancel.
Offering Different Methods Of Payment Every good business person knows that one of the best ways to boost sales and traffic to their product is to allow for multiple payment options. By offering many different methods of payment, you allow the masses to all be equal in the purchase of the same goods. This eliminates the upper scale clients from having this product while keeping the less than fortunate from going without. There are many fashions of payment these days that can accommodate just about everyone. Anyone who limits the acceptable payment methods to a mere few can easily be losing business and in turn losing money. As word ..
3. PayPal
PayPal is the payment of choice on eBay. In fact, eBay owns PayPal. Using PayPal is easy, convenient, and relatively safe. PayPal acts as like an internet wire transfer. After signing-up for PayPal, one may send cash to anyone with an email address using the PayPal system. PayPal also has security features that safeguard against fraud in case there is a dispute between the seller and the buyer. This system is best for transactions up to $1000.
4. http://Escrow.com" target="_blank"> http://Escrow.com
Escrow.com is the payment of choice for purchases over $500. http://Escrow.com" target="_blank"> http://Escrow.com holds the buyers money from the seller until the seller delivers the item. Only then will the funds be released to the seller. This system makes for a very safe, although highly procedural transaction.
5. Wire Transfer
An quick guide in Payment Processing Services and Terms Most successfully businesses use one or more 3rd party payment processing services to process their credit card orders on Internet, since this doesn t require to obtain a direct merchant account or to setup expensive ssl certificates. The 3rd party payment processing services handles payment by credit card (and usually can handle checks and other forms of payment as well), and sends the seller a monthly (typically) check or wire transfer, minus various processing fees, which vary from service to service.
These 3rd party payment processing solutions give the seller a link to a secure w ..
This is the payment of choice for countries that do not carry the PayPal service. Wire transfers are risky because the buyer usually has to wire over the funds before the seller sends the items. The chance for non-delivery of items is high.
6. Other Payment Systems
The number of third party payment services is steadily on the rise. Their systems for payment vary. However, to be successful they must be convenient to use and safe as well.
About the Author:
Mary Williams owns many calling cards websites, including Calling Cards, International Calling Card Secrets ,and Prepaid Calling Card.
Source: http://www.isnare.com Mary WilliamsFour Payment Methods
