A Seller's
Dash for Cash |
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Today, eBay is considered to be
one of the most lucrative auction sites available in the Internet.
However, selling on eBay is not
that easy, and the very first thing a seller should do is to find
the ways on how he or she will get paid once the item is sold. And
so, here are the different ways how a seller can be
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1. PayPal
PayPal is the most
common and convenient way of sending and receiving money based on an
eBay transaction. Here, the payment for the sold item is sent
directly to the seller by means of an established bank account or a
credit card.
2. Personal Check
or Cashier's Check
Sellers may choose this
kind of option. However, the drawback of using this kind of payment
method is that the seller still has to wait for a number of banking
days before the check is cleared, and funds are available in his/her account |
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3. Credit
Cards
Sellers must have a merchant account
to be able to accept payments from its buyers through credit cards.
This is applicable only if the buyer will be paying directly to the
seller. If the buyer still wants to use credit card but wants a
safer transaction, he or she may opt to pay the seller through
PayPal with the use of the credit card.
4. Bank to bank Wire Transfers
In
this type of payment, the seller can be paid through a bank-to-bank
transaction. Here, the buyer will transfer funds from his or her
bank account to the seller's bank account.
5. Money Orders/Bid Pay
This is
one of the recommended payment methods of eBay. This is considered
safe because the seller or the buyer can track down the mailing
address of the concerned person.
6. Escrow
This is strongly
suggested for high-priced item transactions. The escrow service
guarantees full protection while the transaction is not yet closed.
Through this service, the seller has to wait for the confirmation
that the buyer had received the product before receiving payment.
However, sellers and buyers should take extra precautions on
dealing with escrow services. There are a lot of counterfeit escrow
services lurking on eBay these days. It's best to check if the
escrow service was approved by eBay.
8. Cash
Sellers on eBay may
receive payments through cash. However, this is a high-risk activity
and offers no guaranteed protection.
8. Instant Cash Wire Transfers like western Union and
Money Grams
Sellers may opt for this type of
payment method. But, they should keep in mind eBay is strongly
against this mode of payment and that insisting this to the buyer
may result to suspension or termination of account.
About the
author:
David Riewe is a Publisher and Online
Marketer. Visit his eBay Blog to Discover 101 Ebay Auction Tips in
this FREE ebook http://www.push-button-online-income.com/ebayblog
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