Retailing on eBay: Dealing with PayPal
Believe it or not, there are a few different ways to deal with receiving payment for the goods you are going to be selling on eBay soon. It is believed throughout most of the eBay kingdom that PayPal is the crown prince of payment systems.
But I have it on good authority that there are those who seek to usurp the throne and the crown. Google Checkout is a pretty heavy contender, along with a service called ProPay that lets you take credit cards over the phone and internet (not free, but pretty reasonable for the services offered). Most any payment service you use is going to charge you a percentage of your profits to help you get your money and offer convenience to your customer, so figure that into your asking price or starting bid on eBay.
PayPal is by far the easiest to use with eBay because of it’s direct integration with the site (due in major part to eBay owning them) and easy tie-in to your bank account. Make sure that you don’t spend out of this account unless you absolutely have to, or you could end up over-drafting your bank account if you don’t pay close attention to the checkout screens.
As promised, here’s one of my favorite Chinese wholesaler sites – they have lots of off-brand mp3 / mp4 music and video players that are cheap enough to make a profit with on eBay: www.chinavasion.com