WHEN PAYMENT MATTERS
When everything's settled after the seller has posted a product
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
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
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
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:
Jay is the web owner of
http://www.the-lowest-prices.com Online Shoppping, a
website that provides information and resources on online
shopping malls and discounts. You can visit his website at:
http://www.citydeals.net Online Deals
