KDB Business Services- Business Reviews and Tips

Monday, October 17, 2005

There are so many sites out there now designed to work with you to sell products if you have alot to sell but don't have the time,know-how or money to create a website of your own to promote. One well known company is ebay. I was reading of one lady who made a living of going around to garage sales and finding items that are listed in a directory with a value of profit. She then posts the items on ebay to see if she can get the proposed amount. In alot of the cases she has exceeded the value and then some. You would be surprised what some things go for online. And it is a fun venture to get into. My brother made a good living selling laptops and accessories online before graduating to greater things a couple years later. Do you like ipods? You can check out my brother Matt's site for purchase or repair. http://ipodshop.ca
I would like to share the following article with you regarding ebay tips if you are thinking of getting into selling on ebay.

Beware: The Dangers of Selling on eBay 101
Copyright 2005 Brad Eden

It's obvious that eBay provides internet users with an
online flea market where buyers and sellers from around the
world meet to conduct trade.

However, like most traders who are faced with an innovation
of this sort, the first question will always be: It is safe?

The answer is yes, but devious scammers seem to be plotting
daily to forward their dastardly schemes and take advantage
of eBay's power.

So, what is the user's recourse? The users of eBay must
learn to gather information and take meticulous care in
dealing on eBay. Only then can they be less gullible to
scammers.

A common consensus is that bidders are often scammed by
sellers. But it is possible for things to be the other way
around.

Here is a list of the common problems sellers encounter and
the means to handle them.

Fake Escrow Services

A winning bidder may request that an escrow service be used
to assure both parties of a fair transaction.
Unfortunately, the seller is sometimes duped into using a
fake escrow system.

To avoid this situation, the seller must always verify the
authenticity of an escrow service. eBay recommends the use
of escrow.com. If the bidder insists on his or her escrow
service, chances are, that person is a scammer.

Victims of this fraud find it difficult to reclaim their
items. They may, however, appeal to the legal system
afforded by the state they live in. They must also contact
eBay regarding the matter for any assistance they may be
willing to offer.

Deadbeat Bidders

Deadbeat bidders (a winning bidder who doesn't pay for an
item at the auction's close) are more common on eBay. If
the winner of your auction does not pay, you may leave that
person a negative feedback.

As for the listing fees the seller shells out, eBay lays
out a four step procedure that sellers can use to
potentially recover lost selling fees. If sellers complete
the process to eBay's satisfaction, they will receive a
Final Value Fee credit and a re-list credit. Filing out an
Unpaid Item dispute is the first step toward eBay
reimbursing such fees. A person can report an unpaid item
up to 45 days after an auction's close.

Trade Dispute

This occurs when the seller and bidder disagree on some
terms of the sale. This may also happen if there is a
purported violation of any of these agreements.

If communication between both parties does not help, they
may consider availing of a third-party dispute resolution
outfit to help. SquareTrade.com is one of these outfits
that eBay recommends.

An Ounce of Prevention is Worth a Pound of Cure

A seller's life may be made terrible because of the
constant scamming attacks unscrupulous individuals
undertake. But, with proper information and care, he or she
can continue trading on eBay with relative safety.



Payment Methods on eBay

Gone are the days when only cash (or cattle in some cases)
was the only accepted mode of payment for trades. As the
concept of trading evolved, so did the means of paying for
items.

Today's electronic world pushes the envelop further. With
the advent of online trading systems such as eBay, many new
forms of payment have flourished.

First of all, on eBay, the mode of payment depends on the
agreement between the buyer and the seller. Most often, the
seller will specify his or her desired payment method. In
these cases, the seller often has primacy in the decisions
regarding payment modes. However, the buyer may still
communicate with the seller regarding a viable alternative
if it suits both parties.

The following is a list of common eBay payment modes.

Cash On Delivery

Cash is, after all, still cash. This payment method can be
done through a third party courier system or by the buyer
and seller meeting each other at an agreed place. The
advantage of a cash transaction is that the exchange of the
item for payment is done in the presence of the buyer and
the seller (or the seller's representative). However, some
people will not accept the risk present when two strangers
meet.

Personal Check

One popular method of payment is personal check. Writing
checks is easy and safe. However, many sellers do not like
accepting check because they are easy to cancel.

PayPal

PayPal is the payment of choice on eBay. In fact, eBay owns
PayPal.

Using PayPal is easy, convenient, and relatively safe.
PayPal acts as like an internet 'wire transfer.'

After signing-up for PayPal, one may send cash to anyone
with an email address using the PayPal system. PayPal also
has security features that safeguard against fraud in case
there is a dispute between the seller and the buyer. This
system is best for transactions up to $1000.

Escrow.com

Escrow.com is the payment of choice for purchases over
$500. Escrow.com holds the buyer's money from the seller
until the seller delivers the item. Only then will the
funds be released to the seller. This system makes for a
very safe, although highly procedural transaction.

Wire Transfer

This is the payment of choice for countries that do not
carry the PayPal service. Wire transfers are risky because
the buyer usually has to wire over the funds before the
seller sends the items. The chance for non-delivery of
items is high.

Other Payment Systems

The number of third party payment services is steadily on
the rise. Their systems for payment vary. However, to be
successful they must be convenient to use and safe as well.


----------------------------------------------------
Brad Eden is a Entrepreneurial Sciences expert with 14
years of industry experience in real estate, marketing
and technical communication. He currently consults with IBM
in CA. Brad owns & operates a free traffic resource for
entrepreneurs.
http://www.americanfreetraffic.com

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