How exactly does eBay work? Is it secure? ?
How do get paid for your products/items?
I have been doing it for 8 yrs many great deals and bargains. I have also sold a ton of stuff I have and get a very fair price for them.
The basics are simple.
The best way to pay and get paied is Paypal, which is owned by ebay. Paypal does need bank or credit card info but it is highly secured,
When selling you get paid direct by paypal, all electronic. It is insured, so there is protection.
How do you know who you are dealing with. I have been over all impressed with the integrety and honety and fairness of eBayers. With that said there are bad folks. The key is your rating, positive and negative and number of total transactions. For you as a new person witha zero rating you will be some what looked at closer. Not until you get 20 or 50 or 100 transactions (selling or buying) that as positive feed back will people be super comfortable with you. It really is more critical for selling to have a high rating. Most sellers don’t care about your rating unless it is negative. What matters is they get paid BEFORE they ship. That is rule #1. With electonic transfer that can be with in a minute after the auction closes. The item can ship the next day (often does) and arrives in 2-5 days.
DO not make an impulse buy. Know what its worth and never bid more than that. The auction can be competitive. Also the fact is most people wait to bid last second so if you want it bid what you want to pay for it. If you low ball it and its a good deal, chance is you will be out bid. You can wait for the last minute if you want to play that game, but what you want but NO MORE.
Selling. Again set the price to what you are willing to sell it for, Also pack it and weight it. Figure what the shipping will be and included that in the auction as a flat rate. If you charge too little for shipping it comes out of your profit. If you put shipping too high it can turn buyers off. Again PAYPAL is the way to get paid. That is the only thing I accept and what most sellers accept. YOU CAN PUT A NOTE THAT YOU WOULD CONSIDER OTHER PAYMENT, but contact you first before bidding. Let’s say they will send you a check. She you wait 2-5 days for the check. than you have to cash and clear that check if it is not a money order. Than you can ship. That drags things outa week or two? The only down side of Paypal is they charge a few percent service charge.
So keep in mind you pay a small fee to list. A small fee or commision if you sell and pay pal gets a cut. It is not much but it adds up.
I am so happy that I have a way to sell my GOOD junk that is nice and valuable but no longer use or want. Don’t bother selling cheap junk that is not worth anything. It is more effort and cost to list and sell it. Chance is you will not sell it. You will only be out may be 50 cents to a $1.50 listing fee if you don’t sell; that’s nice.
Get an ebay account and start watching. See what stuff sells for. She how people list stuff. The hardest part of listing is taking a picture and up loading it. That is not hard with a digital camara. If you know how to load pictures from a camara to computer you are there. Than you have to come up with a title and text. It is best to use a picture of the actual item. You can sell things with out pictures but that will get poor results.
If you plan on being a buyer, just go slow and watch the sellers rating and fee back which you can read. Read their fine print at the bottom about return and other policy. Most important if YOU ARE NOT SURE ABOUT IT, ASK QUESTIONS. You can write the seller and ask several all the questions you want. Better to ask first than buy and be unhappy.
The down side of doing any mail order is the shipping cost, but the sale price and tax savings makes up for that, However if you have to return an item you don’t like or was not as expected and the seller takes it back, the buyer usually will pay return shipping. That can be $3-$10 typcially. As a seller I highly recommend a $0.75 tracking slip. This keeps buyers from saying they never go it.
GO FOR IT. To get the ebay and paypal accounts is free.
(Be sure when you get email that is fake you do not reply with you user name, password and account number. I get one or two a year but I know what to look for. Don’t get fooled into giving you info to ANYONE. eBay and Paypal will NEVER ask for you password. That is the big threat. The good part is every time anything happens on you account you get a notification. Also paypal will only ship to the account address, so if some one tries to go shopping they can’t have it ship all over the place.)
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