A Seller's Dash For Cash

by: David Riewe

Today, eBay is considered to be one of the majority lucrative auction sites available in the Internet.

However, selling on eBay is not that easy, and the very initial thing a seller should do is to find the ways on how he or she will get paid once the item is sell. And so, here are the unlike ways how a seller can be paid:

1. PayPal

PayPal is the most common and suitable way of sending and receiving money based on an eBay transaction. Here, the payment for the sold item is sent straight to the seller by means of a recognized bank account or a credit card.

2. Personal Check or Cashier's Check

Sellers may decide this kind of option. However, the drawback of using this kind of payment method is that the sellers still have to wait for a number of banking days before the check gets cleared.

3. Credit Cards

Sellers must contain a merchant account to be capable to accept payments from its buyers through credit cards. This is appropriate only if the purchaser will be paying directly to the seller. If the buyer still needs to use credit card but wants a safer transaction, he or she may opt to pay the seller through PayPal with the use of the credit card.

4. Bank to bank wire transfers

In this type of payment, the seller can be paid throughout a bank-to-bank transaction. Here, the buyer will move funds from his or her bank account to the seller's bank account.

5. Money Orders/Bid pay

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

6. Escrow

This is powerfully suggested for high-priced item transactions. The escrow service guarantees full protection while the transaction is not yet stopped. Through this service, the seller has to wait for the corroboration that the buyer had received the product before receiving payment.

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

8. Cash

Sellers on eBay may receive payments from side to side cash. However, this is a high-risk activity and offers no guaranteed protection.

8. Instant Cash Wire Transfers like western Union and Money Grams

Sellers may opt for this type of payment technique. But, they should keep in mind eBay is strongly against this mode of payment and that insist this to the buyer may result to suspension or termination of account.

About the author:
David Riewe is a Publisher and Online Marketer. Visit his eBay Blog to Discover 101 Ebay Auction Tips in this FREE ebook credit card ebay blog