Sellers on Ebay How to Get Paid?

Today, eBay is considered one of the most lucrative auction sites available on the Internet.

However, selling on eBay is not so easy, and the first thing a seller should do is find ways on how he or she will be paid once the item is sold. And so, here are the different ways how a seller can be paid:

1. PayPal

PayPal is the most common and convenient way to send and receive money based on an eBay transaction. Here, the payment for the sold item is sent directly to the vendor through an established bank account or credit card.

2. Check or bank draft

Sellers may choose this option. However, the drawback of using this type of payment method is that the seller still has to wait a number of banking days before the check is cleared.

3. Credit Cards

Sellers must have a merchant account to be able to accept payments from customers through credit cards. This is applicable only if the buyer pays the seller directly. If the buyer still wants to use the credit card, but want a secure transaction, he or she can elect to pay the seller through PayPal using your credit card.

4. Bank to bank transfers

In this type of payment, the seller can be paid through a bank-to-bank transaction. Here, the buyer to transfer funds from your bank account to your bank account to the seller.

5. Money Order / Pay Offer

This is one of the recommended payment methods of eBay. This is considered safe because the seller or the buyer can find the mailing address of the person concerned.

6. Escrow

This is strongly recommended for high-transaction price of items. The escrow service guarantees full protection while the transaction is not closed. Through this service, the seller must wait for confirmation that the buyer had received the product before receiving payment.

However, sellers and buyers must take extra precautions on dealing with escrow services. There are a lot of counterfeit escrow services lurking on eBay these days. It 's better to check if the warranty service was approved by eBay.

8. Cash

Sellers on eBay may receive payments in cash. However, this is a high-risk activity and offers no guarantee of protection.

8. Instant bank money transfers like Western Union and Money Grams

Sellers can opt for this type of payment method. But, should keep in mind eBay is strongly against this mode of payment and insisting that the buyer can lead to suspension or termination of the account .......