|
|
|
10 Ways To Avoid Being Ripped Off On eBay.
It is important to remember that eBay is a lot like a marketplace. There will always be a dodgy guy in the corner, selling things that most people wouldn't touch. The trouble is that, on the Internet, these people can be a little harder to...
Ebay Payment Options
eBay and the Advent of Cybercash
Gone are the days when only cash (or cattle in some cases) was
the only accepted mode of payment for trades. As the concept of
trading evolves, so does the means of paying for items.
Today's electronic...
Should Paypal Be Your Only Ebay Payment Option?
You may have noticed that many sellers list PayPal as the only payment option they accept - they simply can't be bothered cashing cheques and money orders, never mind any of the other strange ways some people want to pay. Like all things in life,...
The Five Things You Must Do Before Buying On Ebay
As a consumer, you will find many great deals on items that you want and need through eBay auctions. Many people visit eBay on a daily basis looking for auctions for items that they may be interested in – simply because eBay auctions are so much...
The Power Of Ebay "Store Newsletters".
eBay Stores come with a very powerful feature: store newsletters. When buyers add your store to their favourites, you can offer them the chance to join your mailing list. You can then send highly targeted emails to people who you know were at least...
|
|
| |
|
|
|
|
|
from our sponsors
Internet Home Business Training Course
|
Using Paypal for eBay Purchases
Paypal is the preferred payment choice for many buyers because Paypal allows buyers to pay instantly for eBay purchases. In this article, we will review using Paypal on eBay from the buyer's point of view.
Since eBay purchased Paypal, it has become even easier for buyers and sellers to complete auction sales. Buyers like Paypal because they can quickly and easily pay online. In fact, some bidders will only bid on items they can pay for with Paypal.
One thing that confuses buyers is some sellers accept Paypal payments through credit cards, while others only accept transfers. You see, with Paypal a buyer can fund the transaction in three ways. This can confuse buyers, and cause problems.
Here's the three ways to fund a Paypal transaction:
1. Transfer from a bank account tied to the user's Paypal account.
2. Transfer from a Paypal balance.
3. Payment from a Credit Card.
The first two options cost Paypal nothing in processing fees. Credit cards cost about 2 percent to process, and Paypal passes this cost on to merchants. Some eBay sellers do not want to pay this fee for service, so they only accept payments by transfer. This confuses buyers who win auctions and assume a credit card transaction is fine.
Paypal wants users to transfer funds, and not use their credit cards. Not only is this cheaper for Paypal, but there is no risk of a chargeback.
A chargeback is when a buyer reverses the charge on a credit card by contacting his bank. Most, maybe all, banks will reverse a credit card charge with little or no investigation if the card holder contests the charge. The money is taken right out of the merchant's bank account -Paypal in this case.
Paypal makes it
Didn't Find What You Were Looking For?
Try a Specialized Search HERE
difficult to use a credit card to send money through Paypal. This is done making the credit card payment option difficult to find, and warning users about the "risk" because you cannot buy Paypal's insurance.
With a credit card purchase, you do not need Paypal's insurance. Your bank will reverse the charge free if the seller scams you.
One other way Paypal makes it hard for users to instantly send money with a credit card is by limiting the total amount you can charge.
The first time I tried to use Paypal to pay for an eBay auction, I was unable to use my credit card because the amount was above the limit. That was a $700 item. I think the single item limit is $500, but could not find confirmation of this. The lifetime limit, or total amount you can send all eBay sellers with a credit card is $2,000.
If you wish to pay for an item with a credit card through Paypal you should confirm the seller takes card transactions. This can be done reviewing the auction and looking for the credit card logos adjacent to the Paypal logo in the payment methods screen.
Whenever you pay for an eBay auction through Paypal, you should check the seller's Paypal status. Do not send large amounts to unverified users, and watch that the user's address matches the auction details.
Paypal is an easy way to pay for your eBay purchases.
About the Author
Terry Gibbs is the author of two best selling eBay books "The Auction Revolution," and "The Complete Guide To eBay Consignment Sales." Learn more at his website: http://www.news.iwantcollectibles.com
|
|
|
|
|
|
