Selling On Ebay - Which Methods Of Payments Should You Accept?
Are you looking to start selling on eBay? If you are, you will see that you have a number of different choices to make. One of those choices involves your accepted methods of payment. How do you intend to let buyers pay for their purchases? If you are unsure, please continue reading on.
PayPal is a method of payment that you should accept, as an eBay seller. PayPal is known as a safe and secure way to make purchases online. Due to that safety and security, there are many eBay buyers who will only pay with it. PayPal is nice, as it offers protection to both buyers and sellers.
If you want to accept payments from PayPal users, you will also need to have a PayPal account. Free personal accounts are available, but you, as an eBay seller, should choose to open a business account. Although you will be charged a small fee for each transaction, you are able to accept more methods of payment, including credit cards that are processed through the website. You can easily set up an account by visiting the PayPal.com website.
You will also want to consider accepting money orders. As popular as PayPal is, not everyone has an account. Money orders still provide buyers with a little bit of protection, as their personal bank account information is not divulged. Your local bank should allow you to cash a money order and free of charge, as long as you a customer.
In addition to money orders and PayPal, you can also choose to accept personal checks. If you do choose to accept personal checks, it is important to use your best judgment. On large purchases, such as those that are $25 to $50 or more, it is a good idea to hold your items until the check clears. This will protect you, incase the check is denied for insufficient funds.
As highlighted above, you do have a number of different options, when it comes to accepting payments from eBay buyers. As a good rule of thumb, you are more likely to make a sale with the more payment options you offer. Just be sure to clearly outline in your eBay auctions which methods of payment you do accept. You should also outline any rules that you have, such as waiting for a personal check to clear before shipping out purchases.
Jennifer Foote is a freelance writer, who has experience selling on eBay. Visit her blog to read more helpful eBay selling tips
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