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in eBay, there's only one thing that needs to be accomplished:
payment mode.
When selling something, the most important thing a seller must
consider is how he or she shall be paid. This is a very risky
decision since a lot of fraudulent activities in eBay involve
payment.
PAYPAL
This is the most common way of paying a seller on eBay.
PayPal is an online business that facilitates the transaction of
transferring a monetary amount between a merchant account and an
online buyer. Because it is electronic, it is basically a
paperless transaction.
It was in October 2002 when PayPal was purchased by eBay.
Before, PayPal was just a choice of most eBay users, whether
it's a buyer or a seller. The other choices that time involves
eBay's subordinate, BillPoint.
However, due to a relative percentage of PayPal, being the most
widely used mode of payment by almost fifty percent of eBay
Four Payment MethodsTodays electronic world pushes the envelop further. With the advent of online trading systems such as eBay, many new forms of payment have flourished.
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 Deliv ..
buyers and sellers, eBay had eventually phased out BillPoint and
concentrate more on PayPal.
Right now, there is another company that is in the same line of
business like PayPal. This competitor is known as BidPay. There
had been reports that a number of eBay buyers and sellers resort
to this kind of payment scheme.
ESCROW
For high-priced items, eBay recommends that the method of
payment should be with an eBay approved escrow service like the
one that can be found at http://www.escrow.com
Buyers and sellers should take note that there are fake escrow
companies lurking in eBay. Hence, it's important to detect if
the escrow company that the buyer and the seller deals with is
approved by eBay.
EBay recommends that sellers, as well as buyers, should only
contact eBay approved escrow companies like escrow.com for
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 ..
Canada, U'.S., and U.K. eBay users; escrowaustralia.com.au for
eBay users in Australia; escrow-europia.com for eBay users in
Spain and Italy; ebay.iloxx.de for German eBay users; and
tripledeal.com for eBay users in France, Netherlands, and
Belgium.
EBay strongly warns its buyers and sellers not to do transaction
concerning wire transfers like the Western Union. This is a very
unsafe mode of payment because it does not guarantee the
concerned person that the process will be smooth.
So, it's best for every seller and buyer on eBay to opt for the
mentioned payment methods so as to be sure of an honest and
reliable business transaction. Besides, eBay will protect the
sellers and buyers if the transactions were made under these
approved eBay mode of payment.
About the author:
Find out more about http://auctionhelper.info>ebay
and http://auctionhelper.info>online auctions at
href= http://auctionhelper.info> http://auctionhelper.info
Nicky PilkingtonWhen Payment Matters |
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