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Ebay Payment Options
By Jay Buder, Mon Jan 2nd
eBay and the Advent of Cybercash Gone are the days when only cash (or cattle in some cases) wasthe only accepted mode of payment for trades. As the concept oftrading evolves, so does the means of paying for items. Today's electronic world pushes the envelop further. With theadvent of online trading systems such as eBay, many new forms ofpayment have flourished.
First of all, on eBay, the mode of payment depends on theagreement of the buyer and the seller. Most often, the sellerwill specify his or her desired payment method. In these cases,the seller often has primacy in the decisions regarding paymentmodes. However, the buyer may still communicate with the sellerregarding a viable alternative if it suits both parties. The following is a list of common eBay payment modes. Cash On Delivery Cash is, after all, still cash. This paymentmethod can be done through a third party courier system or bythe buyer and seller meeting each other at an agreed place. Theadvantage of such is that the exchange of item for payment isdone in the presence of the buyer and the seller (or theseller's representative). However, some people will qualm overthe risk present when two strangers meet. Personal Check One popular method of payment is personal check.Writing checks is easy and safe. However, many sellers do notlike accepting check because they are easy to cancel. PayPal PayPal
is the payment of choice on eBay. In fact, eBayowns PayPal. Using PayPal is easy, convenient, and relatively safe. PayPalacts as like an internet 'wire transfer.' After signing up for PayPal, one may send cash over to anyonewith an email address using the PayPal system. PayPal also hassecurity features that safeguards against fraud in case there isdispute between the seller and the buyer. This system is bestfor transactions up to $1000. Escrow.com Escrow.com is the payment of choice for purchasesover $500. Escrow.com holds the buyer's money from the selleruntil the seller delivers the item. Only then will the funds bereleased to the seller. This system makes for a very safe,although highly procedural transaction. Wire Transfer This is the payment of choice for countries thatdo not carry the PayPal service. Wire transfers are riskybecause the buyer usually has to wire over the funds before theseller sends the items. The chance for non-delivery of items ishigh. Other Payment Systems The number of third party payment servicesis steadily on the rise. Their systems for payment vary.However, to be successful they must be convenient to use andsafe as well. About the author: Jay is the web owner of http://www.the-lowest-prices.com Online Shoppping, awebsite that provides information and resources on onlineshopping malls and discounts. You can visit his website at:http://www.citydeals.net Online Deals
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