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

Copyrig ht 2005 IWantCollectibles LLC used with permission.

In The News:

SpeediShuttle to sell 49 vehicles in online auction  Pacific Business News (Honolulu)
Franklin Park Zoo auctions off animal-created art for a good cause  Boston News, Weather, Sports | WHDH 7News
CBRS Auction Tops $2.5 Billion  Multichannel News

Drop Shipping Secrets and Sources Revealed

Unfortunately for those just breaking into the wholesaling business, drop-shipping... Read More

8 Top Tips For Successful Art Auction Listings

Why is it that some artists seem to make easy... Read More

The Secret Of The Ebay Money Machine And How To Get Your Share

If you have all the money you need, then this... Read More

Eating and Thriving On-Line

The Internet SHOULD be "the place to shop" for low-carb... Read More

From Ebay Zero to Power-Selling Hero: Using Feedback Effectively

When I talk about feedback to new Ebay sellers, I... Read More

Taxing eBay Part Deux

When my column on paying income tax on eBay profits... Read More

Buying & Selling Gently Used Baby Clothing, Strollers, Toys, and Other Baby Items & Products on eBay

Need Extra Money? Buy and Sell Your Gently Used Baby... Read More

Online Auctions: 10 Secrets You Should Know Before Bidding At An Online Auction

You may have heard about ebay and other online auctions.You... Read More

Auctions Make Money!

An untapped online business resource--outside of your basic Yahoo and... Read More

7 Simple Steps To Profit Without Your Own Product

Most people do not succeed on the internet because they... Read More

Free Auction Templates: How to Set Your Border Color With FOAM

If you have not heard of Foamtemplates.com yet, home of... Read More

Losing Sales By Overcharging For Shipping And Handling

As a serious seller on eBay you're familiar with their... Read More

Use Auction Templates For eBay Success!

Auction templates are simply a must for successful online auction... Read More

How to Survive the Jungles of Ebay Selling

Come with me, we are going to take a safari... Read More

Learn How To Be A Successful eBay Seller

Anyone can sell anything on eBay. Open an account, list... Read More

Affordable Online Car Auctions

Still hunting for the car of your dreams? Public car... Read More

Five Ways To Detect Shill Bidders On eBay So That You Dont Pay Absurd Prices

There is as a lot of buzz about shill bidders... Read More

How To Sell Santa?s Slip-Ups

Shoppers spent more than $15.5 billion this Christmas on gifts... Read More

Auction Sales - Keeping Customers You Worked So Hard To Get!

If you've studied business concepts you know that finding a... Read More

Is it Antique and is it Worth Anything?

Is it an antique and is it worth anything? Would... Read More

So What Are YOU Going To Do About eBays Fee Increases?

Unless you have been hiding under a rock, I am... Read More

Top Internet Businesses

The internet is packed with web businesses jockeying for the... Read More

A WIN-WIN Scenario On eBay For Buyer/Sellers: Tips For Hunting Want It Now Postings

"Ask And You Shall Receive" Policy Works!You're one-of-a-kind baby clothes... Read More

Fed Up With eBay?

For many people, their first experience of working online involves... Read More

When is Wholesale Really Wholesale

You've finally found the wholesale source for the high demand... Read More