Step #7.1 (Continued) Paypal Payments
Paypal is a very easy way for your bidders to pay you on the Internet. It is widely used and if you wish to do even a moderate amount of business on ebay it is an absolute necessity. Now, with that being said, I must say that the fees are the pits. I predict future competition stemming from disgruntled Paypal users looking for a cheaper method of online payment. Perhaps it is already out there and I just don’t know about it yet-feel free to educate me if you know better. Remember though, that as of this writing, if your monthly business on Paypal is less than $500 you are not charged any fees.
In the meantime, Paypal is what is readily available and promoted on ebay (ebay owns them so it is obvious why they want everyone to use it). You can operate a Paypal free auction business, but here again there are people who will avoid your auctions if they can’t pay with Paypal. I have done it myself.
Two things to remember when accepting Paypal payments if you want to be covered by their seller protection: 1) You must ship to a confirmed address and, 2) You must ship with delivery confirmation. A confirmed address is when a buyer’s credit card billing and shipping addresses are the same. Delivery confirmation can be purchased in conjunction with your postage-you can charge the customer or, if you print postage online, it is given to you for free. A delivery confirmation slip from the post office looks like this:
I have my own sad Paypal story. In the thousands of transactions I have conducted on Paypal, I have had only one fraudulent payment. Someone had hijacked someone’s ebay account and also gained access to their Paypal account. They went on a shopping spree on ebay, purchasing a gorgeous red Coach purse from me. The hijackers paid me, via Paypal, with a confirmed address. Because I am the trusting soul that I am, and really having no reason to think anything fishy was going on, I shipped the package off without a thought. About a month later I receive an email from Paypal reversing the payment. It caught my attention, especially since the reversal took about $105 out of my Paypal account. I called Paypal and was incensed because I had done everything right, or so I thought. Well, as it turns out they would have offered me the seller protection if I had paid $.55 for delivery confirmation. But I didn’t (ugh!!!). So, I was out the $105 simply because I had not included delivery confirmation (this was before I started printing all of my postage online). Lesson learned-ouch!
-
eBay
-
Feedburner
-
eBay
-
Handbags
-
Site Design
=
POST A COMMENT
If you would like to make a comment, please fill out the form below.