| Today, e Bay is considered to be one of the most | | | | cards. This is applicable only if the buyer will be paying |
| lucrative auction sites available in the Internet. One of | | | | directly to the seller. If the buyer still wants to use |
| the things that scares most people out of selling | | | | credit card but wants a safer transaction, he or she |
| items on eBay is wondering how they're going to get | | | | may opt to pay the seller through PayPal with the |
| paid. But, you needn't be worried. It's not nearly as | | | | use of the credit card. |
| complicated as it seems. | | | | 4. Bank to bank wire transfers |
| As always, since the inception of eBay, you can | | | | In this type of payment, the seller can be paid |
| accept checks and money orders through the mail. | | | | through a bank-to-bank transaction. Here, the buyer |
| But, that takes a lot of time and of course there's | | | | will transfer funds from his or her bank account to |
| always that chance you take with a personal check | | | | the seller's bank account. |
| and having it returned. | | | | 5. Money Orders Bid pay |
| No, there's a much quicker, safer way to accept | | | | This is one of the recommended payment methods |
| payment for items you sell on eBay. It's a Paypal | | | | of e Bay. This is considered safe because the seller |
| account. | | | | or the buyer can track down the mailing address of |
| What is Paypal? Glad you asked... | | | | the concerned person. |
| Paypal is a service that offers you a sort of online | | | | 6. Escrow |
| bank account. You actually link it to your real bank | | | | This is strongly suggested for high-priced item |
| account and it's really all you need to accept | | | | transactions. The escrow service guarantees full |
| payment on eBay. | | | | protection while the transaction is not yet closed. |
| However, selling on eBay is not that easy, and the | | | | Through this service, the seller has to wait for the |
| very first thing a seller should do is to find the ways | | | | confirmation that the buyer had received the product |
| on how he or she will get paid once the item is sold. | | | | before receiving payment. |
| And so, here are the different ways how a seller can | | | | However, sellers and buyers should take extra |
| be paid: | | | | precautions on dealing with escrow services. There |
| 1. PayPal | | | | are a lot of counterfeit escrow services lurking on |
| PayPal is the most common and convenient way of | | | | eBay these days. It's best to check if the escrow |
| sending and receiving money based on an eBay | | | | service was approved by eBay. |
| transaction. Here, the payment for the sold item is | | | | 8. Cash |
| sent directly to the seller by means of an established | | | | Sellers on eBay may receive payments through cash. |
| bank account or a credit card. | | | | However, this is a high-risk activity and offers no |
| 2. Personal Check or Cashier's Check | | | | guaranteed protection. |
| Sellers may choose this kind of option. However, the | | | | 8. Instant Cash Wire Transfers like western Union |
| drawback of using this kind of payment method is | | | | and Money Grams |
| that the seller still has to wait for a number of | | | | Sellers may opt for this type of payment method. |
| banking days before the check gets cleared. | | | | But, they should keep in mind eBay is strongly against |
| 3. Credit Cards | | | | this mode of payment and that insisting this to the |
| Sellers must have a merchant account to be able to | | | | buyer may result to suspension or termination of |
| accept payments from its buyers through credit | | | | account. |