F Buying and Selling on eBay (Part 3 of 5) February 2011

NWA-PCUG Newsletter Article, February 2011
Buying and Selling on eBay (Part 3 of 5)
Submitted by Gini Pedersen, Instructor,
FREE Internet and Computer Classes, San Diego Continuing Education;
Honorary Lifetime Member, Seniors Computer Group
gpederse (at) sdccd.edu (click to email author)

Paying for Your eBay Item

When the bidding period closes, the highest bidder is the "winner." eBay automatically emails both the buyer and the seller notifying them of the successful end of the auction and setting the process in motion for payment, delivery, and feedback to occur.

The seller chooses what payment option(s) they offer. Payment options include one or more of the following: * PayPal (http://www.paypal.com)
* ProPay (http://www.paypal.com)
* Moneybookers (http://www.moneybookers.com)
* Paymate (http://www.paymate.com)
* Direct credit card
(Note: This option is generally used only by sellers that already have an established credit card processing account.)

Sellers may offer the following payment options for only a ew types of items (vehicles, local pickup, real estate, and a few more): * Bank-to-Bank Transfers
* Cashier's Check
* Money Order
* Check or cash

Registering at PayPal
One popular e-payment option is PayPal at http://www.paypal.com. If you plan to bid on eBay (or many other auction sites), I recommend you open a PayPal account which allows you to easily pay for your purchase with your regular VISA, MasterCard, etc. -- or by direct payment from your checking account. You will need to register at PayPal which I have been using for several years -- with no problems to date. This way, the individual seller never sees your credit card information.

Following are guidelines for setting up an account at PayPal:
1. Go to http://www.paypal.com
2. Click Sign Up Now link.
3. Complete all registration fields.

Choices of accounts:
1. Personal
Mostly for buying
2. Premier
Buying and selling using your personal name. I recommend you set up either a Premier or a Business Account.
3. Business
Buying and Selling using your business name

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