Let us create a 3D eBook for you!
Let us create a 3d Digital eBook for you! DigyCat.com

Using Paypal for eBay Purchases


Paypal is the preferred payment choice for many buyers because Paypal allows buyers to pay instantly for eBay purchases. In this article, we will review using Paypal on eBay from the buyer's point of view.

Since eBay purchased Paypal, it has become even easier for buyers and sellers to complete auction sales. Buyers like Paypal because they can quickly and easily pay online. In fact, some bidders will only bid on items they can pay for with Paypal.

One thing that confuses buyers is some sellers accept Paypal payments through credit cards, while others only accept transfers. You see, with Paypal a buyer can fund the transaction in three ways. This can confuse buyers, and cause problems.

Here's the three ways to fund a Paypal transaction:

1. Transfer from a bank account tied to the user's Paypal account.

2. Transfer from a Paypal balance.

3. Payment from a Credit Card.

The first two options cost Paypal nothing in processing fees. Credit cards cost about 2 percent to process, and Paypal passes this cost on to merchants. Some eBay sellers do not want to pay this fee for service, so they only accept payments by transfer. This confuses buyers who win auctions and assume a credit card transaction is fine.

Paypal wants users to transfer funds, and not use their credit cards. Not only is this cheaper for Paypal, but there is no risk of a chargeback.

A chargeback is when a buyer reverses the charge on a credit card by contacting his bank. Most, maybe all, banks will reverse a credit card charge with little or no investigation if the card holder contests the charge. The money is taken right out of the merchant's bank account -Paypal in this case.

Paypal makes it difficult to use a credit card to send money through Paypal. This is done making the credit card payment option difficult to find, and warning users about the "risk" because you cannot buy Paypal's insurance.

With a credit card purchase, you do not need Paypal's insurance. Your bank will reverse the charge free if the seller scams you.

One other way Paypal makes it hard for users to instantly send money with a credit card is by limiting the total amount you can charge.

The first time I tried to use Paypal to pay for an eBay auction, I was unable to use my credit card because the amount was above the limit. That was a $700 item. I think the single item limit is $500, but could not find confirmation of this. The lifetime limit, or total amount you can send all eBay sellers with a credit card is $2,000.

If you wish to pay for an item with a credit card through Paypal you should confirm the seller takes card transactions. This can be done reviewing the auction and looking for the credit card logos adjacent to the Paypal logo in the payment methods screen.

Whenever you pay for an eBay auction through Paypal, you should check the seller's Paypal status. Do not send large amounts to unverified users, and watch that the user's address matches the auction details.

Paypal is an easy way to pay for your eBay purchases.

Terry Gibbs is a collector/dealer of old toys and trains, and teaches others how to buy and sell antiques and collectibles. Gibbs is the author of two best selling eBay books "The Auction Revolution," and "The Complete Guide To eBay Consignment Sales." He has also written numerous other books about buying and selling antiques and collectibles. Learn more at his website: http://www.news.iwantcollectibles.com

Copyright 2005 IWantCollectibles LLC used with permission.


MORE RESOURCES:

Auctions - Google News

Real Estate Auction: 27 Rocky Mountain Parcels in Northern New Mexico; 15 to ... - EON: Enhanced Online News (press release)


Real Estate Auction: 27 Rocky Mountain Parcels in Northern New Mexico; 15 to ...
EON: Enhanced Online News (press release)
Real Estate Brokers are encouraged to register bidders for the auction, as a 3% broker participation fee is offered. For more information, to view pictures ...

and more »

Anne Hathaway's con-man ex boyfriend to lose loot in auction - Hot Momma Celebrity Gossip (blog)


Hot Momma Celebrity Gossip (blog)

Anne Hathaway's con-man ex boyfriend to lose loot in auction
Hot Momma Celebrity Gossip (blog)
... we brought you the story of a former boyfriend of actress Anne Hathaway, Raffaelo Follieri, who got busted by the FBI for running a real estate scam. ...
Anne Hathaway's Ex -- Vati-Con Loot Up for AuctionTMZ.com (blog)
[Gossip] Feds To Auction Off Anne Hathaway's Ex-Boyfriend's Belongings411mania.com

all 3 news articles »

Hong Kong to Hold Land Auction for Kowloon Tong Private Residential Site - Bloomberg


Hong Kong to Hold Land Auction for Kowloon Tong Private Residential Site
Bloomberg
The per-square-foot price of HK$16587 is a record for the Kowloon Peninsula, according to real estate broker Midland Holdings Ltd. The auction is scheduled ...

and more »

Real Estate News: Mortgage Rates Fall to 4.32% - Wall Street Journal (blog)


Real Estate News: Mortgage Rates Fall to 4.32%
Wall Street Journal (blog)
But the advertising executive hasn't yet succeeded with his latest pitch: his sprawling East Hampton estate, which officially hit the market for $40 million ...

and more »

Auction of condos is a sign of times - Washington Daily News


Auction of condos is a sign of times
Washington Daily News
“In this challenging real-estate market, people are marketing their properties in a different way.” Voluntary auctions have been used to move properties in ...

Real estate properties up for bid to the public - East Dubuque Register


Real estate properties up for bid to the public
East Dubuque Register
The County will now offer for sale the real estate obtained to the public. They will offer approximately eight items through a sealed bid auction sale. ...

and more »

As Foreclosures Trickle Up, Hamptons Home Goes to Auction - Wall Street Journal (blog)


As Foreclosures Trickle Up, Hamptons Home Goes to Auction
Wall Street Journal (blog)
“There is an opportunity to buy something for less than you would have paid otherwise,” said local real-estate expert Jonathan Miller, president of Miller ...

Stuy Town foreclosure auctions blocked for now - Reuters


New York Post

Stuy Town foreclosure auctions blocked for now
Reuters
Home to more than 25000 residents in 56 buildings, the iconic complex symbolizes the overheating of US commercial real estate, after buyers led by Tishman ...
Stuyvesant Lenders SparWall Street Journal
Court Battle Set Over Giant NYC Housing ComplexPost Chronicle
Stuyvesant Town Judge Puts Off Ruling on Ackman Group's Foreclosure PlansBloomberg
New York Post -GlobeSt.com
all 17 news articles »

Hong Kong Land Sale Beats Estimates as Demand Withstands Cooling Efforts - Bloomberg


Kuala Lumpur News

Hong Kong Land Sale Beats Estimates as Demand Withstands Cooling Efforts
Bloomberg
I'm very satisfied with the auction's outcome.” The real estate developer will invest about HK$1.7 billion to HK$1.8 billion on the project, Ho said. ...
Hong Kong auctions land, price surpasses estimatesReuters
No need for high-handed crackdownThe Standard
Hong Kong sells land for HK$1.285 bln in KowloonReuters

all 74 news articles »

Three former Boscov's stores in Baltimore area head to auction - Baltimore Sun


ABC2 News

Three former Boscov's stores in Baltimore area head to auction
Baltimore Sun
The auctions signal that the retail real estate market remains sluggish, and that larger spaces are especially difficult to fill as stores are reluctant to ...
Former Baltimore-area Boscov's stores to be auctionedBaltimore Business Journal

all 37 news articles »

ListToSell Domain Is For Sale - $8,500 For Enquiries eMail Us

© www.ListToSell.biz 2010

home | site map | links

 

eXTReMe Tracker