Selling on Ebay has never been easier. With the few clicks of a mouse, nearly anyone can get started selling online. Some people start with something to sell. Others search out garage sales for merchandise. Whatever the case, one key to making money by selling on Ebay is to accept Paypal as a payment method.
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Three years ago I was doing some work for a local university helping to redesign an internal website they wanted updated and made more user friendly. When the job was done the person I was doing the job for wanted to use his school issued credit card to pay for my services.
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If you’re an online business who uses Paypal as their third party payment processor, there is a danger lurking which could cost you dearly. Know as instant bank transfer, this option lets buyers withdraw money direct from their bank account, to pay for goods or services they have bought.
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A new online payment processor is in the works to compete against Ebay’s Paypal system. Tentatively called Google Wallet, the new system is being developed by the Mountain View, CA, search engine giant and is expected to have an official launch date by early 2006. Choice is good and soon consumers may have a viable alternative to quirky Paypal.
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