|
Good |
Bad |
| PayPal |
|
|
| |
- Send funds directly
to a seller from a bank account or credit card.
- Fast
- Convenient
- Traceable
- Credit card number is never shown to seller.
- Free to send money
- Covered up to $200 through eBay's eBay Purchase
Protection Program
|
-
Takes a long time to get disputes sorted out.
- If someone hacks into your Paypal account
they have instant access to your bank accounts
and credit cards.
|
| Credit Card |
|
|
| |
- Traceable
- Immediate & convenient
- Most credit card issuers provide online protection.
|
If problems arise you
must go through your card company before applying
to eBay's $200 eBay Purchase Protection Program.
|
| Personal Checks |
|
|
| |
- Provides proof of
payment.
- You can place "Stop Payment" on
a check if you need to.
- Covered up to $200 through eBay's eBay Purchase
Protection Program.
|
- Takes time for the seller
to get the check, cash it, and for the bank to
clear it.
- Difficult to recover in cases of fraud |
| Money Orders |
|
|
| |
- Traceable
- Provides receipt of payment
- Covered up to $200 through eBay's eBay Purchase
Protection Program
- You can place a stop on it before it has been
cashed. |
- You have to pay a
service fee to get one.
- Sellers must wait for funds to clear, so It
will slow delivery time.
- Difficult to recover in cases of fraud |
| Escrow |
|
|
| |
- One of the safest
way's to pay for higher priced items.
- The seller doesn't receive payment until you
receive and approve the item. |
- Takes time to get everything
processed.
- Escrow Fees
- Reports of fraudulent sellers using nonexistent
escrow companies. eBay recommends Escrow.com |
| Bank to Bank Wire
Transfer |
|
|
| |
- Fast
- Convenient
- Payment is sent directly from your bank account
to the sellers bank account . |
- Hard to recover your
money in cases of fraud.
- You need to collect your sellers banking information
before you can send the money. (Takes time) |
| Instant Cash Wire
Transfers |
|
|
| |
- Instant |
- Difficult to identify
and designate recipient
- Not traceable
- No recourse is available if the item is not
delivered as promised.
- Not covered by the eBay Purchase Protection
Program |
| Cash |
|
|
| |
- Convenient
|
- Not traceable
- Everyone is not as honest as you are. There
is no way to prove payment was made.
- No protection against loss or theft in the
mail.
- Takes time to mail to the seller.
- Not covered under eBay's eBay Purchase Protection
Program |
