Auction Information

Taking Paypal on eBay


Accepting Paypal as a payment method might increase your selling prices and your profits. This depends on what you are selling. I sell collectibles to collectors. My clients are like junkies. They will buy regardless of the payment options, so not offering Paypal won't make much difference in the final selling prices.

If you sell items with high competition, accepting Paypal will make your auctions more attractive. This also holds true for impulse buys. Plus, you can get paid instantly through Paypal.

Here's a few suggestions for increasing your profits by accepting Paypal:

1. Select accept Paypal in the auction listing process to get the Paypal logo into your auction. You can put in the auction description that you accept Paypal, but unless you use the Paypal logo some buyers will miss this Payment choice. Many buyers look specifically for the logo and expect to find it in certain areas of the auction listing.

2. If you only accept bank account transfers, and do not accept credit card payments through paypal be sure to mention this in your auction description and the payment types area. Even after you mention this, you will get credit card payments from some Paypal users. This causes confusion with buyers.

3. One problem that may come up is your shipping schedule. I ship once a week. Some eBay buyers feel that I should drop everything and go to the post office as soon as they send me money through Paypal. This used to cause problems.

Now when a buyer sends me money, I quickly email him and tell him when to expect his item. Because I ship on Thursday or Friday, I can tell them their item will be delivered by the next Tuesday, if not earlier. Instead of telling the buyer I will ship the item on Friday, I tell them to expect it on Monday. This changes the buyer's focus from when I will ship to when they will get the item.

One last thing before I finish up. I recommend eBay sellers use guarantees. If you take a credit card through Paypal, and later refund the buyer's money, you will be out the Paypal fees if the refund is done more than 30 days after the initial transaction. You need to require your buyer to return the item quickly.

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


The Mercury News

Auctions, sales, exhibits keep history, collectibles fans entertained
The Mercury News
Past Tyme Pleasures sale: You have until Nov. 3 to place your bids for items included in the semi-annual sale of this Brentwood online auction house run by Steve Howard. Among the stash on the block: old car license plates, beer collectibles, ephemera, ...



30-Year TIPS Reopening Auctions With A Real Yield Of 1.235%
Seeking Alpha
The after-inflation yield of 1.235% was higher than where this TIPS was trading in the secondary market. That indicates weak demand. The yield was the highest for any 29- to 30-year TIPS auction since February 2014. The inflation breakeven rate came in ...

and more »


Concierge Auctions Unveils October/November Real Estate Lineup ...
PR Newswire (press release)
NEW YORK, Oct. 18, 2018 /PRNewswire/ -- Concierge Auctions has unveiled its latest auction lineup featuring 15 luxury real estate offerings across five ...

and more »


Fortune

How A University IT Guy Looks To Outmaneuver Verizon and AT&T In Upcoming Spectrum Auctions
Fortune
Verizon and AT&T have more fearsome rivals than David Beyerle, a communications engineer in Penn State University's IT department. Nevertheless, the two telecom giants could soon have to bid against him at two major government airwave auctions.



Loudwire

Randy Blythe Auctions Off Grammy Medallion for Over $3,000
Loudwire
Lamb of God frontman Randy Blythe has auctioned off his Grammy medallion and certificate for the band's 2006 single “Redneck.” The coveted medallion ...

and more »


artnet News

At Hong Kong's Latest Round of Auctions, Work by Western Artists ...
artnet News
Sales topped $260 million during the October auction week, with western artists tripling their previous total.

and more »


Renewables Now

OVERVIEW - RES auctions in Poland ready to take off
Renewables Now
October 19 (Renewables Now) - Two rounds of auctions for renewable energy sources (RES) in Poland are happening this and next month and these are expected to contract close to two gigawatts of wind and solar capacity. We are republishing an overview ...

and more »


eMarketer

First-Price Auctions Are Driving Up Ad Prices
eMarketer
Programmatic platforms are changing the way they price inventory, and their moves are driving up ad prices. Automated ad auctions used to predominantly operate on a second-price basis, which is where the second-highest bid determines the amount of ...



Santa Clarita Valley Signal

Local nonprofit auctions off luxury culinary experiences
Santa Clarita Valley Signal
The cheering crowd of over 100 Santa Clarita Valley residents gathered at Sand Canyon Country Club on Thursday night to bid on a chance to get an exclusive experience with various luxury chefs. The auction was hosted by feedSCV, a nonprofit that gives ...



Hearts & Science Calls To Replace First-Price Auction With Reformed Second-Price Model
AdExchanger
The Omnicom agency wants programmatic to create “clean” second-price auctions to remove the premium that buyers pay. It doesn't want to revert back to the previous second-price model, which suffers from problems around transparency and bid density, ...


Google News

home | site map
© 2006