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 co-founder and Editor of EcommerceBytes and AuctionBytes.com and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @auctionbytes and send news tips to ina@ecommercebytes.com.
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