Beware: The Dangers of Selling on EBay 101
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. Copyright 2005 Brad Eden 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 |
Other Trading System Articles
Trading The Market: Keep It Simple Stupid! It seems like each day there is another complicated trading system in development. I am quite surprised to see the trading population dig into more complex methods combining various indicators to profit from the financial markets. How many confirmations does one need? By the time all your indicators confirm a buy or sell signal, your entry point ...High Yield Investments – How To Target 30% + Annual Profits Consistently! If you want a high yield investment you need to take into account several factors to see if the investment is likely to hit your target growth.This article will tell you what to look for in terms of picking a high yielding investment manager that could give you 30% + annual profits.Risk, reward & managementThe fact is, most ...Industrial Labor Versus Domestic Labor IntroductionWhen an economic treatise is composed, there is almost no doubt that it is one based on a system of free, or somewhat limited, trade. The reason for that is quite easy to understand. Economics is a siocological study: it seeks to grasp and understand the fluctuation and mechanics of the interaction between people of the same ...A Modern Economist's Bartering System Forex or foreign exchange is a growing industry in the economic market. Currencies are traded for another, thus making the foreign exchange market the largest in terms of cash. Because of trading between one bank to another, not to mention the trading between multinational corporations and government, between financial markets and institutions, ...Solar Power Saves on Electricity Bills A typical solar system will reduce the need for conventional water heating by about two-thirds. Often the plumbing from a solar heater connects to a houses existing water heater, which stays inactive as long as the water coming in is hot or hotter than the temperature setting on the indoor water heater. When it falls below this temperature, the ...Passive Income Online From e-Currency Exchange Building passive income is something that everyone wishes they could do, some people will spend countless hours and thousands of dollars searching for that one passive income opportunity.Sadly most people never find it. In the end they get know where fast, and think everyone and everything is out to get them and their money. Well t ...What Is ISL Uranium Mining? In situ leach mining (ISL), also known as in-situ mining or solution mining, was first used as a means to extract low grades of uranium from ore in underground mines. First used in Wyoming in the 1950s, originally as a low production experiment at the Lucky June mine, it became a high-production, low cost method of fulfilling Atomic Energy Commi ...Stock Trading - Its Pros and Cons Are you familiar with the buy and sell business?This is how stock trading works. The issuance of new stock shares of the different companies throughout the world is an important activity for the business oriented people in line with the trading business. The bottom line for this is simple, and that is in order to raise capital and in ...Divorce: How To Survive A Divorce And Move On With Your Life One out of every two marriages in America is failing.American families are crumbling and vanishing.Most families have become dysfunctional, and it is widely becoming fashionable to come from a dysfunctional family.Divorce is on the rise all the time.Your self-esteem - what you think of yourself in relation to other p ...What is a Trading Plan - and Why You Need One? How do you make money without picking tops and bottoms?I am glad you asked...Successful trading is similar to a successful business. You see, every successful business has a business plan so do successful traders. The astute reader knows that, successful traders have a systematic way they approach the market ...How To Choose a Good MLM or Network Marketing Company? You've heard many horror stories about MLM /network marketing programs. But what you are really hearing about are stories relating to illegal programs or pyramid schemes. Basically, pyramid schemes have no real, viable and worthy product. Obviously, you do not want to participate in such schemes. You want to be associated with a high quality ...The Stock Trading Plan 1. That discipline contributed more to their success than their trading philosophy itself. Remember that the key to any plan is how well it holds over time.2. There is no "sure thing", and there is no trading system that is 100% accurate. Your goal, as a trader, is to usethe tools available and try to develop an edge. Base your trades on ...Women Abuse and what Affect Patriarchy has on it In the basic of the traditional system of education and socialization of a gender there is a so called initial work distribution between men and women. This work distribution has defined completely different conditions for life of men and women. It gave men the right to external activity for world survey and its governance, thus he received a ...Does Arbitrage Trading Work? If you are reading this you must be interested in working at home or Arbitrage Trading. When most people think of work at home they think sitting at home doing nothing while the money just roles in. Well that is why 99% of people trying to work from home fail. The money doesn’t just role in. It still takes work and its still a job. ...Simple, Effective Web Site Traffic Promotion Web site traffic promotion is central to the success of any online business. Without effective web site traffic promotion, an internet business will literally perish in a matter of no time just as a retail storefront would go out of business without customers walking through their doors. An internet business is as dependent on web ...Beginner Day Online Trading Real Time DataIn order to successfully day trade you must have access to real-time market data. Relying on stale information will result in poor trades.Day trading is the practice of buying or selling throughout the day, but completely out of the market by the close of the trading day.Skills and Training ...How To Make Money Using The E-Currency Exchange Program So you want to learn about the e-currency exchange program? I am sure you searched the Internet and saw tons of people talking about e-currency some people I am sure where saying good things about it, and I am sure you read bad things about it.I myself find the e-currency exchange program to be a good investment if you want ...Brief Summary of Forex Trading The foreign exchange market is widely known as "Forex". Here brokerage firms and banks are linked over an electronic network. This network enables them to convert the currencies of countries all over the world. It is the largest and the chief liquid financial market in the world. Dollar volume of dealing of currencies daily goes beyond $1.9 tril ...How Trading Works & Common Terms How a system that can facilitate one billion shares trading in a single day works is a mystery to me, so I thought I’d do a little digging and see if I could come up with the general process on how stock trading works. Here is what I found.The purpose of a stock market is to facilitate the exchange of securities between buyers and seller ...7 Tips for Small Business Success Do you own a small business and want to make it an absolute success?Then you’ve come to the right place!You see, I’ve had the opportunity to work with many fellow small business owners and I’ve been able to help them make millions of dollars in increased revenue in my time with them.Over that time I’ve found that most small ...The Day Trade Forex System: How to Choose An Online Forex Brokerage Firm What to look for in an online Forex Brokerage Firm:1. Low SpreadsIn Forex Trading the ‘spread’ is the difference between the buy and sell price of any given currency pair. The lower the spread saves the trader money. Most firms offer 4-5 pip spreads in the Major Currency pairs. The best firms offer clients 3-5 pips.2. Low mi ...Burning Incense Incense has always played an important role in the religious ceremonies and rites of people all over the world.Records tell us that in ancient Babylon, an immense amount of incense was burnt in offerings to the gods. It has always been an integral part in the life of the people in Asian countries where the floral perfumes were blended wi ...Should You Use a Pareto Chart Unless you are familiar with manufacturing management principles, you probably have not heard of a pareto chart. It is a very effective tool managers use, to manage and effect outcomes in manufacturing environments. You're saying, How in the heck will this help my trading? Well it can, if you use it right.Another name for using pareto cha ...Trading Forex Online - What's It All About? Online foreign exchange trading occurs in real time. Exchange rates are constantly changing, in intervals of seconds. This is what makes Forex trading such an exciting ride.Quotes are accurate for the time they are displayed only. At any moment, a different rate may be quoted.When a trader locks in a rate and executes a transaction, that ...Introduction to Forex Trading Forex is an abbreviation for Foreign Exchange, the system by which one currency is exchanged for another. For such reasons, an exchange rate needs to be established between currencies of all countries. Generally, all currencies are expressed in terms of U.S. dollars, while the U.S. dollar itself is commonly quoted in the Japanese yen, British po ...Trading Psychology: Mistakes in a Trading Environment When it comes to trading, one of the most neglected subjects are those dealing with trading psychology. Most traders spend days, months and even years trying to find the right system. But having a system is just part of the game. Don’t get us wrong, it is very important to have a system that perfectly suits the trader, but it is as important as ...Forex Trading Courses - What Can I Expect? In a market where trade in foreign money is up to two trillion dollars a day, a good Forex trading course can be very beneficial. Part of the reason a trading course is a good idea is because only five percent of traders actually make a profit on a consistent basis. This is has to do a lot with those who decide to get involved in the Forex marke ...Las Vegas Wedding - A Dream Comes True Weddings are an important occasion no matter which part of the world you are, or which culture you belong to. Years of preparation, hours spent, lots of small details to be checked. That is all necessary if you want to have an average Western wedding.But when we talk about Las Vegas, things change. The luxury of the city makes things a ...
| 