Auction Information

How To Sell Internationally On eBay Without Risk


Many people just getting started on eBay have reservations when it comes to selling to International buyers. Possibly they've heard a few second-hand horror stories, or they feel it's simply not worth the extra hassle.

eBay provides you with the opportunity to sell to buyers all over the world. This opens a huge new market to the seller. It also allows you to receive more interest in your items and higher closing prices.

In many categories, some of the most active buyers live outside the United States. As an example, at the time I'm writing this, if you were selling collectible Pyrex glass, many of your serious bidders would be from Japan.

I have been selling internationally on eBay for five years and have been selling to International buyers right from the start. It's not difficult, doesn't take much more time and, if you follow a few simple do's and don'ts you shouldn't run into any problems

There are only two methods of payment, which will ensure absolute zero risk regarding sending product overseas:

1. The first is wire transfer directly to your bank.

You can contact your local bank and they will walk you through a wire transfer transaction. It is very similar to the process of having a payroll check deposited in your account. As soon as a payment is deposited electronically into your account it can never be touched by any source other than by you, the account owner. Once the bank notifies you that payment is wired or transferred into your account, you can ship the product.

2. The second is http://www.auctionpayments.com/, which is a division of Western Union. This was originally called BidPay.com and the name has been changed to Western Union (R) Auction Payments.

Payment for this method is completely processed via email. You will then receive a physical check from Western Union. This usually takes three to four days after your email confirmation. Very Important! Do not ship the product when you receive the email confirmation. Wait until you physically receive the check from Western Union.

There are three other methods of payment that you will need to decide if you will, or will not, accept. These do pose a small amount of risk:

1. Paypal payments. You will find that many International buyers have PayPal accounts and will ask to pay through PayPal. While PayPal does provide a seller protection program, it requires that you have proof of delivery. The United States Post Office (my recommend shipping venue for reasons talked about below) doesn't offer this for International Mail.

I've been accepting PayPal from International buyers all along. However, nearly all my International sales are in the antique and collectible categories. Historically, collectors have never been as much of a non-payment risk as people buying consumer products. If I was selling in the electronic or computer categories, for example, I might seriously reconsider my payment policies.

2. International Money Orders. Many sellers accept International money orders in US Dollars. There is a common misconception that these are as good as cash. That's not the case. There are instances of stolen and forged money orders right here in the States. This problem, while minute, exists for International money orders also.

3. Cashier's Checks. Just like money orders, there is a common misconception that they are as good as cash. There have been cases where blank stolen cashier's checks, or even bank checks have been forged.

Additional considerations when shipping products to International buyers.

Shipping products Internationally does involve a little more work, but it's nowhere near as involved as many make it seem.

Unlike products shipped within your own country, the major difference is the need to include a customs form. These forms are free and supplied by the carrier you chose, whether it is the US Postal Service, Fed Ex, UPS, Etc. You will need to state the weight, the item and it's value, the destination, etc.

When shipping Internationally, use only the United States Postal Service. Most, if not all countries charge duty on items coming into their country. These are based upon the value of the item and, for expensive items, can get pretty healthy. With some other carriers, you may find that you end up paying this duty tax and not the buyer. With the USPS, all import duties are collected from the buyer and not you.

Shipping internationally can be profitable and fun. You may even find that you end up becoming good friends with some of your overseas buyers. Just be careful about how you take payment, be aware of the shipping procedures, and send via USPS.

Gary Hendrickson has been making his living selling on eBay for more than six years. He's the author of two eBay related ebooks, has a blog for eBay sellers, and is the owner of ColdItems.Com.

ColdItems.ComThe Auction Rebel Blog


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Blue Mountain Eagle

Foreclosure auctions considered a success
Blue Mountain Eagle
Grant County earned about $168,000 from an open auction held May 17 to sell tax-foreclosed properties and about $155,000 on a silent auction with bids opening June 15 for the remaining properties. Thirty-one tax-foreclosed properties were deeded to the ...



ECM Publishers

Two Large Collection Auctions
ECM Publishers
July 1 • 11:00 AM. 460 Cokato St W, Cokato, MN. 20+ Gas Engines (hit & Miss), Maytags, alum. trailer, fire fighter collectibles, home furnishings, mower & snowblower, bike, collectibles, gun shop collector retirement, guns parts, wooden duck decoys ...



Nasdaq

China plans to introduce anonymous bond auctions system
Nasdaq
In a notice confirmed by the sources, the China Foreign Exchange Trade System (CFETS), also known as the National Interbank Funding Center, said that the anonymous bond auction system would apply to bonds with high-yield and low-liquidity ...



Minnesota Monthly (blog)

Minnesota's First Fine Arts Auction House
Minnesota Monthly (blog)
Last year, Sean Blanchet and Robert Snell met at the Minnesota Antiques Dealers Association's Antiques and Decorative Arts Show. This year, they came back, young kids in tow, and set up a huge booth together under the name Revere Auctions.



Deadspin

NBA Auctions Off What J.R. Smith Wore When He Lost What Was ...
Deadspin
A token of J.R. Smith's eternal shame is up for sale on the NBA's auction site. “He played 38 minutes and registered 10 points with 2 assists and 6 rebounds,” ...
NBA Auctions JR Smith's Game-Worn Jersey From Game 1 of NBA FinalsSports Illustrated
JR Smith Game 1 jersey up for auction; how much would you bid?cleveland.com
JR Smith's jersey from his infamous Game 1 gaffe in the NBA Finals is up for auctionCBSSports.com
NESN.com -NBA Auctions
all 54 news articles »


Hurriyet Daily News

Turkish Treasury borrows over $1.4B through auctions
Hurriyet Daily News
The Turkish Treasury borrowed a total of 6.72 billion Turkish liras ($1.42 billion) from domestic markets on June 18, according to an official statement.
Turkey's Treasury holds auctions to borrow over $1.5BAnadolu Agency

all 4 news articles »


Ridgefield, CT Estate with Award-Winning Gardens Scheduled for Luxury Auction® June 29th
PR Newswire (press release)
RIDGEFIELD, Conn., June 19, 2018 /PRNewswire/ -- Following the successful sale of a 10-acre country home in Redding, CT, Miami-based Platinum Luxury Auctions has announced another, upcoming real estate auction in the town of Ridgefield. On June 29 ...

and more »


HelloGiggles

People are bidding tens of thousands of dollars for this single Dorito
HelloGiggles
It's an experiment gone oh-so-right and delicious. Late last week, Doritos unveiled a dinosaur-sized nacho cheese-flavored chip in partnership with Jurassic World: Fallen Kingdom (in the collaboration of our Jeff Goldblum dreams). And now, for a ...

and more »


FOX5 Las Vegas

Jerry Lewis and movie memorabilia auction at Planet Hollywood
FOX5 Las Vegas
Planet Hollywood Las Vegas Resort & Casino is scheduled to host an auction where famous pop culture items are up for bids, as well as Jerry Lewis's former belongings. Items once owned by Marilyn Monroe, Elvis Presley and Lucille Ball are expected to ...
Jerry Lewis' Daughter Shows Off Her Dad's Personal Items Going Up for Auction in Las VegasInside Edition
Jerry Lewis auction preview: From 'The Nutty Professor' to personal itemsNews3LV
'Star Wars,' Jerry Lewis, Trump items on auction in Las VegasLas Vegas Review-Journal

all 8 news articles »


Variety

Animation Memorabilia From Collection of Voice Actress June Foray Going Up for Auction
Variety
Memorabilia from the private collection of late voice actress June Foray will be up for auction beginning at 1 p.m. at Heritage Auctions. Foray is best known as the voice of Rocky the Flying Squirrel in the various “Rocky and Bullwinkle” series, Cindy ...


Google News

home | site map
© 2006