When Payment Matters
by David Riewe
Published on this site: February 27th, 2006 - See
more articles from this month
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
mostwidely 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 heBay 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.
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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