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