Tag Archives: paypal

How Should You Pay For Online Purchases

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Many people buy online on a regular basis, whether on internet auction sites, huge retail websites such as Amazon or via entertainment services such as iTunes. Since it’s your money that is being used when you make a purchase online, you want to know that your identity is safe and that whatever you buy over the internet is protected if something goes awry. Luckily, two of the most popular methods of buying goods online – via credit cards and with the PayPal service – offer various methods of online purchase protection.

PayPal Protection

 

PayPal is aware that many buyers on online auction sites will be suspicious of sellers and require some confirmation that sellers are who they say they are. PayPal operates a seller-verification system to check this.

When it comes to the receipt of the goods, if you’ve not received what you ordered or find it in quite a different condition than as described online, you can claim a full refund through PayPal. This helps if you receive fewer items than you believed you should be getting or parts of goods are missing. You simply open a dispute and PayPal contacts the sender.

PayPal also protects online consumers through its daily activity. The service employs workers to regularly check through transactions to identify anything that may be amiss. You should also inspect your transaction history in case something comes up that doesn’t ring true. In this case, you can report the suspicious transaction to PayPal and the site will investigate how to get the lost money back to you.

The liability for unauthorized transactions program run by PayPal requires you to make a report within 60 days, though, or you won’t be able to attempt to get this money back.

Since PayPal is a popular option for buyers making purchases through PayPal’s partner, the auction giant eBay, Buyer Protection is a frequently utilized service. This guarantees eBay purchases in case the seller is not genuine.

Using Credit Cards

Credit cards offer less in the way of seller-verification features but do provide extensive identify-theft protection when used to purchase goods online. 3D Secure, for example, applies to a number of credit cards and appears on screen when making a purchase.

If your bank uses 3D Secure, you’ll be asked for an additional password at the time of making a purchase, which is a means of ensuring the rightful card owner is the individual making the online purchase. This extra verification provides a safer online shopping experience when buying goods from independent merchant websites.

A number of card manufacturers have designed schemes to help avoid card fraud online. For example, MasterCard uses SecureCode, which is a further verification step that asks consumers to provide a unique code at the point of purchase online.

Which Is Best?

Both PayPal and credit-card companies place huge importance on protecting online purchases. PayPal is perhaps more useful when buying through auction sites, especially PayPal’s partner site eBay, since it offers much in the way of compensation if a purchase is not as you expected and helps avoid other pitfalls if you’re buying from an online seller.

Credit cards, meanwhile, offer plenty in the way of extra security against online fraud, which can be helpful if you’re making a purchase from a retail store online or through an online site that you’ve not used before.

Sam is a journalist who specializes in personal finance and often writes for MoneySupermarket.com.

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Selling on eBay: When to and When Not to Sell

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The top online auction site, eBay, is touted to be better than sliced bread for making a little extra money. Of course, retailers use eBay for successful and continuous selling, but for the average, “John Q. or Jane Q. Public,” it may not be worth the time and effort, depending on what you have to sell.

Both in the ether world of the Internet and in the terrestrial world, retail and wholesale sellers work on volume. Selling individual items with no repeat stocking rarely reaps financial gain, and the experts set their prices accordingly.

What you are actually selling when you place that novelty cuckoo clock you made in the eighth grade isn’t just that one-of-a-kind item. You are selling man-hours—how long it takes you to set up your eBay account, your merchant listing, item description, photo, inquiry follow-up time and dispute resolution time and effort—not to mention managing the other aspects of your auction, such as repeat placement if your minimum price isn’t met. Is that clock worth your time to post on eBay, or might you be better served by selling it, for example, to a pawn shop or in a yard sale?

The auction site provides eBay sellers the option of creating an eBay storefront, which might streamline some of the process. But those cost you money: Are your price tags reflective of that additional fee?

Selling on eBay is possible, but adjust your sights a little and sell collections, multiple-item groupings or packages. Your asking price increases, and you spend less time and effort per item, increasing your overall return.

For example, your baseball card collection comprises mostly common cards, but you have a few rookie cards that are in decent shape. Sell the entire collection as a group and use the rookie cards as focal points. Your asking price goes up. You spend the same amount of time setting up and managing the auction, and your shipping price—paid for by the winning bidder, of course—is identical in USPS one-price shipping.

If you have a rare album, and both it and its cover is in mint condition, absolutely sell that separately. Bump up your minimum bid to reflect about 10 to 20 percent lower than collector prices. That rare album will sell better than any loaf of bread—sliced or not! Then place the rest of the collection for sale as a combined unit.

Baked goods, believe it or not, are excellent sellers. However, it’s important to build your eBay reputation before you ask fair market prices. Stress overnight shipping or local pick-up only. Make sure the customer pays shipping costs. One successful marketing tool is to offer a 2-for-1 bonus to the winning bidder. Set minimum pricing, of course, but don’t make it higher than a generic price in the grocery store. You’ll be creating your own eBay “brand name” as your buyers send all that high praise for the quality of those cookies or cupcakes or pies. When you reach high rankings, maybe even the coveted “power seller” ranking, you’ve got it made—or baked.

Choose well your method of selling for extra money. Make the wiser financial choice by considering the “operating costs” and not just a price tag.

This post was contributed by John Walker, who writes finance news for a payday loans site. John lives and works in London, UK as a financial analyst.

 

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How to Publicise Your Business Online

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Traditionally businesses used blanketed forms of media advertising such as through the newspaper, TV or radio and whilst still very effective they lack personal quality and are often far to expensive for many businesses to consider.  Fortunately we are in the age of information and the internet offers a wonderful opportunity whereby you can market your business online through free do it yourself strategies, which is why having an internet business can be such a powerful tool when it comes to getting your message across to a large audience.

Many people create websites and make the mistake of thinking that simply by having an online presence and getting it hosted by a service provider that it is enough to get their site noticed, unfortunately however as with traditional advertising it is a highly competitive environment with some 100,000 new websites being created a day, so in order to get an impact on the net you have to be really creative in order to generate high quality traffic to your site. The following article looks at some of the opportunities available to you  that will help to promote your site in order to give you direct access to your target market
Newsletter: If you have been thinking about how to advertise your business to a diverse audience, by simply publishing an ‘opt in’ newsletter once a month via email, that contains insightful and interesting news is a great way to build relations and generate sales.  By getting a potential customer to sign up for a newsletter you can continue to market to them over and over again, using it as a powerful tool for engaging your customers, saying what you want, when you want.
Classifieds: Craig List, Trade Me, Gum Tree and Trading post are all additional online classifieds that can be used to advertise your products and services.
Social media: My Space, Bebo and Face Book are excellent network marketing avenues that can be used to help promote your business. A social profile provides an opportunity for businesses to extend communication and network, building a community of people who are interested in the products and services their business has to offer.
Blogs: Think of these as online journals, a one-stop information blog which you can create in order to engage connections, create visibility and generate advertising revenue. A blog is a great tool for building strong relationships with your target market as well as being a low cost means of PR that can be used to establish your expertise and online positioning.
Content: Creating fresh new informative content, will encourage your potential customers to stay on your site longer and buy into your brand. The other added benefit is that Google rewards sites with lots of content that is updated regularly with in bound links, which helps to get your web pages ranked higher driving more organic traffic to your site.
Keyword searches: Run keywords through the body of your article and include them in the title that you are writing about, this helps to make your site more attractive and accessible to search engines.

The most important aspect of Internet marketing is integration, because there is nothing more frustrating for a customer then having to hunt around for contact details. Make sure everything is linked in, from your domain name to your blog and your website and if you are on eBay clearly display your contact details, Skype address, PayPal details and domain name ensuring everything is clearly linked back to your web address.

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Four Alternatives to eBay for Businesses

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Many business owners investigate eBay when they are considering selling their products online. While this is a viable option for many businesses, you should consider these four alternatives to eBay before you choose an online venue for your business. Each offers services that differ from eBay that may be better suited to your business model.

iOffer.com

While iOffer.com is similar to eBay, their selling formats offer several advantages over eBay. You automatically receive a store when you upgrade to a seller account. The store and all listings are free, and you will only pay a fee when your item sells. In addition to an auction format, you can also accept offers and sell at a fixed price. Swaps and trades are another unique feature of iOffer.com that may be useful to your business.

Amazon.com

Amazon.com allows you to sell products using their online marketplace. You can create either an individual or business account, each with different features. Both accounts have the option to use the Fulfillment by Amazon program, allowing you to store and ship your products from Amazon.com fulfillment centers. Individual accounts will incur fees only when an item sells and are appropriate if you sell less than 40 items per month. Professional accounts have a monthly charge but also have lower selling fees than individual accounts. You can add your own products to Amazon.com with a professional account, but individual accounts are limited to existing products.

Etsy.com

If your business creates handmade items or sells craft supplies or vintage products, Etsy.com is a compelling alternative to eBay. Items must be hand made by you, over 20 years old or be commercial or handmade crafting supplies. You will receive a free store, and although fees are charged for listing items, the initial listing period is four months. Etsy.com has a unique culture and exceptionally loyal buyers, making this a profitable alternative to eBay.

TIAS.com

Businesses specializing in antiques, fine art and collectibles may find TIAS.com to be an excellent alternative to eBay. TIAS.com has numerous plans and options for online sellers, and they are willing to help you find the best business model for your needs. Auctions, fixed price listings, various store formats and several levels of customer support are available. TIAS.com does have a minimum fee requirement, but if your TIAS commissions are higher than the minimum fee, you pay only the commission. Other services provided by TIAS.com include submission of your auctions automatically to eBay and sending your listings to over 2000 classified ad networks.

Moving on from eBay

eBay may be big, but as the fees keep on increasing, even some established eBay businesses are beginning to consider moving on to pastures new – including their own e-commerce websites. Setting up your own website is a tricky process for first timers, you need to consider hosting, design, learn how to build a site and market it, but it is a good investment for the long term success of your business.

Start by reading about some of the major web hosts and what makes them good or bad. Here is a Go Daddy Review to get you started.

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Finding Free Stuff to Sell On eBay

One of the easiest ways to learn how to make money on eBay is to get started by selling stuff that costs you nothing. You can discover the tricks of the trade without any financial risk. And while you are finding out how to set up an auction, make your items attractive to buyers and what’s hot and what’s not, you can be earning some extra cash. There is a surprising amount of free stuff out there that you can turn around and sell on eBay, but first you have to find it.

At home

The first place you should look is in your own home. Most of us have stuff we haven’t used, let alone seen, for years. Go through your closets and storage boxes and find items that you no longer have any use for, like the designer dress you bought but could never fit into.

By selling it on eBay, you can get back some of money you originally spent. You can sell gently used vintage clothes, designer clothes and accessories, baby clothes, jewelry, toys, books, CD’s and DVD’s, old electronics, sports gear and video games, to name but a few items. And what about those gifts people have given you that you’ll never use? Items that have never been opened or used can often fetch a good price on eBay.

Online

Look online at websites such as FreeStuff.co.uk for a wealth of free stuff, samples and giveaways. You can often find great free deals that will sell for real money on eBay.

Friends and family

You don’t have to stop with your own house. Talk to friends and relatives and offer to help them clean out their attics or garages in return for letting you have old items they don’t want any more. Many of them will be more than happy just to get rid of the stuff and grateful for your help clearing it out. This is a potential gold mine and everyone will be better off for it.

Ask around When Finding Free Stuff to Sell on Ebay

There are a lot of people looking to give away stuff for free, just to clear out the clutter. Check local newspapers, Buy, Sell & Trade websites and Craigslist/Freecycle etc… for their listings of free giveaways. To take advantage of these offers, you have to move fast as the item usually goes to the first person to respond to the ad and pick the item up.

Garage sales, flea markets and rummage sales are another place to find free or at least very lost cost, items. The key is to arrive at the end of the sale. Rather than having to pack up the items that haven’t sold, many people will just give them away or sell them for a pittance.

Driftwood

Sometimes you can find free stuff to sell on eBay by simply looking down. A walk on the beach or in the woods can produce a treasure trove of items that are sought after by crafters, collectors and pet owners. Pine cones, shells, driftwood, moss, fossils, sea glass, rocks and even pine needles can bring a good price. With a little imagination you can find free stuff in the most unexpected places. What may not seem to have much value to you could prove to be someone else’s treasure.

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Start an internet business on ebay: Here’s How To Do It

Build A Niche Store

eBay is very popular these days.  Most shoppers turn to eBay to find new and exciting products at affordable price.  It serves as an online marketplace for traders locally and internationally and millions of items are being sold on eBay everyday through online auctions.  If you are planning to start an internet business and earn some extra cash selling on eBay is a great idea.

Create a sellers account

Prior to registration to eBay be ready with your valid credit card, debit card or bank account information.  Provide your option on how you will pay seller fees as well as payment method, PayPal is highly recommended and make sure it is verified.  When creating a sellers account do not forget to make your feedback profile public.

Set-up the Q&A

We all know once a buyer is interested in certain products there are usually many questions before, during and after a sale.  Therefore, it is very important to answer buyer questions quickly to keep them interested.

Research your item and the rules of selling

Do an extensive research especially in setting up a starting price for your items, identify categories and format listings for each item.  Compare your item on completed listings on eBay based on category, format and selling price.  You must inform buyers about the shipping cost and shipping options, to let them understand and to avoid shipment issues later.  It is also very important to educate yourself about the rules when selling on eBay, especially their policies on certain items prior to listing and completing the sale.

Create your listing

There are listing options available when selling on eBay, you can opt for auction-style or fix priced format.  You can also sell for the benefit of a non profit organization.   If you trade various products of different sizes and designs of a t-shirt, you can put it under a fixed price listing and create a sub list with variations.  You can do this by using eBay sell your item form which is found at the top of most eBay pages.

Manage your listing

After creating your listing you are now ready to run and start internet business through eBay. To know if somebody placed a bid or buy your products you can check through the sell section of My eBay.  If you received questions regarding your items be sure to answer quickly, it will create a good rapport and trust with potential buyers of your products.

Wrap up with your buyer

Contact your buyer after your listing ended within three days of sale if you have not heard anything from them.  If you use eBay checkout you will be informed through email when a sale is completed.  If you deactivated checkout you can get in touch with the buyer directly through email or by phone.  Be sure to receive the payment first before shipment of any item.  Check also if it was accepted and credited to your account.  Once you verified the payment you can now ship the item to the buyer, be sure it is safe and the buyer will receive it on time.

Be sure to pack the item by securely and safely, double check the shipment information for assurance.  Leave the buyer feedback, this system is useful to everyone.  The feedback about your buyer will serve as a source of information for other sellers.

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