As a seller, you want to offer every payment option imaginable. It’s convenient for the customer and will also make you much more money. Here are 2 reasons why you want to do this:
( 1 ) it increases the chances of our customer buying from you. By offering a payment options that they are comfortable with, will ensure you don’t lose that potential customer.
( 2 ) You’ll be able to snag those easy sales that come outside the auction arena. This is so important as not every buyer will have a Paypal account.
Payment methods to offer
If you’re flexible and cover all possible pay types you’ll be able to make profits that pass others by. Here are the payment options sellers should offer on eBay offer:
- Paypal
- Personal Check – Postal Order – International Money Order
- Credit Cards – merchant account required
Needless to say, most of these options you’ll have no problem with, but it’s the credit card merchant account that may take time to set up – especially if you are a new company. However, setting up a merchant account is easier than you think.
Over 75% Of eBayer’s Use Paypal
Paypal is the most popular method of payment on auction sites. It’s also a free service and easy to use. You’ll have no transaction fees taking away from your hard earned money. You can get by with Paypal handling all your credit card needs. This way you don’t need to set up your own credit card merchant account straight away. Sign up for Paypal today and start taking credit card orders instantly – www.paypal.com
Setting Up A Credit Card Merchant Account
It’s not difficult or as expensive as you may think. It’s a good idea to have one for the long term success of your business. With merchant accounts you’ll be able to process a customers credit card either manually yourself or automatically by secure server on your website.
You’ll be able to take advantage of sales that other sellers miss out on. It also will give your business a much needed boost in credibility. People will trust you more when they know you have your own merchant account.
You may not want to (or need to) set one up initially, but time will come quickly when you’ll want to have one. They are crucial to growing your business online. With a merchant account you’ll be able to process orders automatically on your website.
You can get a merchant account in less than a week even if you don’t have a great credit rating at the time. Here are some companies worth contacting;
Don’t Wait For Personal Check To Clear
Bounced cheques are rare. Since your future as a seller depends on the service you provide, being quick and trusting is always going to pay benefits for you in the long run. So, waiting for a check to clear is only a good idea when the item is highly valuable, or when the buyer has a bad feedback history.
Most eBayer’s are trustworthy. Just check their record if you’re uncertain. Bounced cheques are hardly ever blatant, mostly just carelessness. Most buyers will acknowledge their mistake and make up for it.
