buy the item because of a risk of fraud which i am not.i need a good excuse for not allowing papel or credit card payments.like the reason why im not allowing credit card or paypel payments is because ????? sombody help me with this.thank you
2007-02-01 13:30:14 · 7 answers · asked by ? 1 in Business & Finance ➔ Credit
Well, you have the right to set up your selling terms any way you want. The right not to accept certain means of payment - that is the way you choose to do business.
But, it is also the right of potential buyers not to do business with those that only accept personal checks and money orders as well.
No excuses here - just freedom of choice.
Simple as that.
Doing business on-line regardless of any way of payment accepted is risky business - period. Scammers WILL ALWAYS find new ways to get around the systems in place regardless of our best efforts. You will have to protect yourself the very best way that you can and do the best and stick to what is right for that way that YOU want to conduct YOUR business.
After all, this is YOUR business...
In all honesty, I have found that using PayPal does offer great protection for both Seller & Buyer and as BOTH, I find it a great resource to have available to me when conducting online financial transactions. I have successfully evaded a few scammers trying to pull something on me - PayPal sided with me and refunded my money. Over the years, I feel comfortable transferring thousands of dollars via several accounts using this method, incidentally.
But then again, that is me, and the way that I conduct MY online business. Like gambling, in business, don't bet or work with what you can't afford to lose.
2007-02-02 06:21:56 · answer #1 · answered by midnightlydy 6 · 4⤊ 0⤋
I'm guessing that you aren't allowing the PayPal payments because of the additional fee, however, as an active eBay buyer and seller, I can say with certainty that you are actually costing yourself far more money than any fees you would incur through PayPal.
A huge percentage of eBay buyers will only buy something if PayPal is a payment option, especially now that they have changed their buyer protection to include only payments made through PayPal. That being said, you're losing bidders, and less bidders translates to a lower sale price. I personally won't screw around buying a low dollar item (under $50) or a common item that I could get from a number of sellers unless they will accept PayPal. And if I'm buying a more expensive item and going to be paying with check or MO, you can bet it's only from a seller who I have done business with before or is a legitimate business that I can easily verify.
Checks and money orders are a pain to deal with. As a seller, you have to wait for the check or money order to clear (as both can be cancelled). If you only accept check or MO, you're bound to eventually receive a counterfeit MO and/or a bouncing check. The bounce check will actually cost you money that you're unlikely to recover from the buyer.
Plus, your buyer could get antsy, since you've just extended the sales cycle by a minimum of 2 weeks after the end of the listing until the time the buyer receives the item. The payment needs to be mailed to you, you have to wait at least 5 business days for it to clear, and then mail the item to the buyer.
PayPal fees are in the vicinity of 3%. You will never actually be able to see the difference directly, but I would nearly guarantee your sales revenues will be more than 3% higher by accepting it.
However, if you just absolutely refuse to take PayPal for whatever reason, you certainly do not need to provide an excuse. Just say no and you'll more than likely lose the potential customer, but that'll be the end of that story. The only people providing BS excuses on eBay are people who are up to no good. No buyer wants to hear an excuse, I won't bid on a listing if there is any mention of an excuse in it.
Excuses = Scams, more often than not.
2007-02-01 13:54:39 · answer #2 · answered by Josh 3 · 1⤊ 1⤋
There can be just as much fraud with Personal Checks. I have found that Paypal is a pretty safe way to take payments.
What you may want to do is restrict selling to people who have at least a minimum feedback rating. This way you know they are active sellers/buyers and not just a first timer trying to commit fraud. You can also add a restriction that you will only ship to the VERIFIED address in PayPal.
Doing these things does not guarantee something won't go bad, but it really minimizes the chances.
2007-02-01 13:37:12 · answer #3 · answered by OC1999 7 · 1⤊ 1⤋
I would really, really suggest signing up for PayPal. You don't even have to have a credit card to do it---just a checking account. I've been selling on eBay for nearly 6 years and more than 90% of my customers pay by PayPal---even though I do accept personal checks and money orders from US customers.
It would be my guess that the reason most people don't want to buy from you is not that they are afraid of fraud, but because they just don't want to wait. If they send a money order, they have to go through the trouble and expense of purchasing one. If they pay by check, they would likely have to wait until the check clears your account before you ship the item. People these days are very impatient, and just don't want to wait.
I have a PayPal business account and also do all my shipping through PayPal. I can even buy postage to ship the packages of my customers who do choose to pay by check or money order. It sure beats standing in line at the post office.
2007-02-01 13:43:43 · answer #4 · answered by ms_quiltsalot 2 · 1⤊ 1⤋
People who are buying on Ebay (including myself) prefer Paypal because it not only protects the Buyer, but the seller also. Too many individuals have lost money, by sending it your way and never receiving their merchandise. I am sorry but its the truth. If you start using Paypal, you will certainly get alot more of business.
2007-02-01 13:44:24 · answer #5 · answered by donna_honeycutt47 6 · 1⤊ 0⤋
I would accept paypal. I usually shy away from people who don't accept paypal unless it is an item that I really want and I cannot find it anywhere else. I buy and sell on ebay and I accept paypal on well over 95% of my trasactions are via paypal.
2007-02-01 17:51:49 · answer #6 · answered by yellow_raven1978 3 · 0⤊ 0⤋
Most people will not send checks or money orders to people on E-Bay because of the reasons you mentioned. You need to set up a PayPal acct. thru your bank. This protects you and the buyer
2007-02-01 14:00:44 · answer #7 · answered by Anonymous · 1⤊ 1⤋