September 05, 2008 | 10:34AM a SGT
Starting in late October, 2008, eBay.com will be moving to an electronic checkout process with 100% electronic payments.
What does this mean if I am selling items on eBay.com?
Paper methods of payments such as money orders and cheques will no longer be accepted on eBay.com. Only electronic forms of payment will be permitted - either PayPal or merchant credit card accounts.
This means that sellers listing items for sale on eBay.com will be able to offer secure bank transfers and credit/debit card payments though PayPal or offer credit card payments through their own merchant accounts. Additionally, both payment solutions have been integrated into the checkout process on eBay.com.
Why is eBay making these changes?
Moving to an electronic checkout process offers buyers and sellers a faster, more reliable, and better experience. Sellers will get paid quicker and be able to ship items faster. Buyers can receive their purchases faster.
And remember, for your buyers who use PayPal, we're backing eligible transactions with our buyer protection programme1, as a little confidence can go a long way to build trust and reliability.
Did you know?
Items paid on eBay.com with electronic payments are:
- 80% less likely to result in an item not received (INR) claim than those paid with paper methods such as money orders2.
- 50% less likely to result in negative feedback from buyers than payments made with paper methods2.
Two more reasons why payments via PayPal or merchant credit card accounts are better for your business and your buyers.
Do other eBay sites have safe payment policies?
Yes. For specific details by site, please click below or visit the site’s accepted payment policies directly:
- For items being sold on eBay.com.au, click here.
- For items being sold on eBay.co.uk, click here.
- For more details on the eBay.com’s new policy, click here.
Safe selling on eBay!
The eBay and PayPal Teams
Consumer advisory: The PayPal™ payment service is regarded as a stored value facility under Singapore law. PayPal Pte. Ltd., the Holder of the PayPal™ stored value facility, does not require the approval of the Monetary Authority of Singapore. Consumers (users) are advised to read the terms and conditions of use carefully.
- PayPal buyer protection coverage applies to the full value of the purchase (including postage) for most eBay international purchases (sites other than eBay.com.sg). Items listed within certain categories are not eligible for PayPal Buyer Protection. Other conditions may apply. The Buyer Protection Programme is subject to the terms and conditions in PayPal’s User Agreement. The PayPal service is provided by PayPal, Inc. You should consider the Product Disclosure Statement (available at www.paypal.com) and whether the product is appropriate for you before deciding to use it.
- eBay analytics 1H 2008