Today, eBay is thought about to be among the most rewarding auction websites offered in the Internet.
Offering on eBay is not that simple, and the extremely first thing a seller ought to do is to discover the methods on how he or she will get paid when the product is offered. Therefore, here are the various methods how a seller can be paid:
1. PayPal
PayPal is the most hassle-free and typical method of getting and sending out cash based upon an eBay deal. Here, the payment for the offered product is sent out straight to the seller by methods of a recognized savings account or a charge card.
2. Individual Check or Cashier’s Check
Sellers might select this sort of choice. The disadvantage of utilizing this kind of payment approach is that the seller still has to wait for a number of banking days before the check gets cleared.
3. Credit Cards
Sellers should have a merchant account to be able to accept payments from its purchasers through charge card. If the purchaser will be paying straight to the seller, this is suitable just. If the purchaser still wishes to utilize charge card however desires a more secure deal, she or he might decide to pay the seller through PayPal with using the charge card.
4. Bank to bank wire transfers
In this kind of payment, the seller can be paid through a bank-to-bank deal. Here, the purchaser will move funds from his/her checking account to the seller’s savings account.
5. Cash Orders/Bid pay
This is among the suggested payment techniques of eBay. Due to the fact that the purchaser or the seller can track down the mailing address of the worried individual, this is thought about safe.
6. Escrow
This is highly recommended for costly product deals. The escrow service assurances complete security while the deal is not yet closed. Through this service, the seller needs to wait on the verification that the purchaser had actually gotten the item before getting payment.
Buyers and sellers need to take additional preventative measures on dealing with escrow services. There are a great deal of fake escrow services hiding on eBay nowadays. If the escrow service was authorized by eBay, it’s finest to examine.
8. Money
Sellers on eBay might get payments through money. This is a high-risk activity and provides no ensured defense.
8. Immediate Cash Wire Transfers like western Union and Money Grams
Sellers might select this kind of payment technique. They ought to keep in mind eBay is highly versus this mode of payment and that insisting this to the purchaser might result to suspension or termination of account.
Sellers should have a merchant account to be able to accept payments from its purchasers through credit cards. This is suitable just if the purchaser will be paying straight to the seller. If the purchaser still desires to utilize credit card however desires a much safer deal, he or she might decide to pay the seller through PayPal with the usage of the credit card.
Through this service, the seller has to wait for the verification that the purchaser had actually gotten the item before getting payment.
Buyers and sellers must take additional safety measures on dealing with escrow services.