What's the best way to pay for your online auction purchase? It depends on the preferences of the individual buyer, but most methods available are pretty attractive from the buyer's point of view. Take a look at a chart comparing the common payment methods, including services such as ProPay and PayPal, at http://www.auctionbytes.com/Email_Newsletter/Email_Graphics/Buychart/buychart.html
The costs, pro and con columns are quite different when taken from the seller's point of view - luckily sellers can dictate the methods they choose to accept. I'll have more information on online payment systems from the seller's point of view in a future issue.
About the author:
Ina Steiner is Editor of AuctionBytes.com and author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). She has a background in marketing and research in the high-tech and publishing fields. If you have story ideas, comments or questions, send them to ina@auctionbytes.com.
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