(Pdf) Ebay Auction Secrets - Make Money Online - Index of

Make Your Net Auction Sell!
will prefer an escrow service (i.e., an independent organization that holds
the money between buyer and seller).
With a $10 book, your options are obviously different. Payment could be
made by...
1) Checks
This is by far the easiest way to accept payment. Most auction users are
accustomed to this method of payment and are quite comfortable with it. Many
sellers specify that they will hold a check for 7-10 days before shipping
merchandise. This explains why money orders are so popular. Buyers want
their goodies now.
Personally, I don’t hold checks and I have never received a bad check. I
hasten to add that all the checks I have received have been under $30.
Therefore, a loss is hardly devastating. My more expensive items have all
been paid for with money orders. Now this doesn’t mean that I will never get a
bad check -- the odds are that I will at some point. So it’s common sense to be
prudent.
Another possibility is to use a service that covers bad checks. For example, I
now have some terrific health insurance that is created specifically for selfemployed
people. One of the benefits is that they will cover any check up to
$2500 and I will receive the money within 48 hours.
There are also services that allow for check-by-fax but I have never seen this
used.
2) Money Orders
All sellers accept money orders, certified checks or cashier’s checks. When
specifying payment, it is best to give these certified funds as an additional
choice -- not the only choice. (There are people who don’t like the extra
expense or trouble of obtaining certified funds. These folks will likely skip your
auction altogether.)
3) Cash
Don’t specify cash! Many people will be suspicious about fraud and there are
obviously no safeguards against loss in the mail. From a buyer’s point of view,
it is risky because there is no proof that you received their payment.
There can be problems when dealing with international customers because
U.S. and Canadian money orders are supposedly tough to come by in some
places. However, Western Union with its offices all over the world can handle
this hurdle.
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