Overstock.com integrated PayPal and Google Checkout on the Overstock Auctions platform this week. The integration lets buyers pay for Overstock Auction purchases using the online payment services, and works as follows.
After an auction is won, the buyer receives an email containing a link to a payment option page, where they will see the payment options available from the seller. The buyer selects a payment method and is directed offsite to the payment processor page, where they log in and complete the transaction. Once the transaction is completed, the buyer is redirected back to a "thank you" page on Overstock Auctions.
Combined invoicing is not supported, but Overstock.com said it is on the 2009 road map. In the meantime, sellers offering multiple purchase discounts must provide a manual invoice. Overstock will charge no additional fees to merchants for the integration, who will continue to pay merchant fees to PayPal and Google Checkout.
Overstock also changed its policy for Make It Mine sales (similar to eBay's Buy It Now feature). Previously a seller would have to increase the MIM price 1.5 times greater than the starting auction price. Now the requirement will only need to be one cent greater than the starting auction price.
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Overstock.com integrated PayPal and Google Checkout on the Overstock Auctions platform this week. The integration lets buyers pay for Overstock Auction purchases using the online payment services, and works as follows.