Receiving Your eBay Payment

Receiving your eBay payments for the sold goods is one of the most important aspects in eBay business. This is because of the atypical nature of payments and the complications involved. Take every care that is possible when choosing payment options and defining your policy in this regard. Remember to read eBay’s policy and sellers’ agreement in complete. It is a good idea to join the eBay sellers’ protection policy.

Payment Receiving Methods on eBay

eBay offers a host of payment options to sellers to receive money from their buyers. Some of these are administered by eBay and some or not.

eBay sponsored payment methods:

1. Bank deposit express: This is an online bank transfer system offered by eBay. This is the quickest of all and you get the credit at your bank as the buyer pays for your goods. This is an international payment system. Register your bank account details and the corresponding bank’s swift code (to receive international payments). Your bank details are safe and private.

2. PaisaPay through credit card: This is pretty similar to above; the only difference being that you can receive credit card payments with this program.

3. You can use PayPal free on eBay: Using Paypal for eBay payment receipts is pretty easy. You can set up this from your account’s page; follow preferences and auctions tabs to complete. With PayPal, you can let your customers pay from their PayPal account balances or through PayPal international debit cards. Secondly, if you are keen, you can set up a merchant or premium account so that you are able to accept all international credit card payments without having to open separate merchant accounts with each card company. The payments thus received will accrue into your PayPal account.

4. Demand draft: Demand draft is a safer bet to receive money as it is prepaid by the buyers. But beware of fraudulent drafts, especially so with international buyers.

5. Cash on delivery: Pretty easy for sellers but they are not protected by buyers protection program of eBay.

6. Buyers pickup and pay: Buyer pays you in cash at your doorstep at the time of item pick-up.

You can opt in for check or money orders too. But more the options to buyers more the impact on sales and contrarily the care you need to take about frauds.