Bidpay Makes Payment Easy for Both Buyers and Sellers on eBay

Most people who buy or sell on eBay are familiar with Paypal – it’s the most common method of payment for on-line auctions. Another great payment option is the Bidpay service. With Bid pay, you’ll get paid with either a money order or a direct deposit to your bank account. This can be a nice advantage when you’re selling on eBay.

One of the drawbacks to Paypal is the person receiving the money gets charged a service fee. For sellers on eBay, this costs a little bit of your profit, and when you're trying to make money on eBay, every little bit counts. With the Bidpay service, the buyer is the one who pays the service fee. It is essentially the same idea as buying a money order at your local bank or post office, but much more convenient.

Sellers Will Know When Payment Has Been Sent With Bid Pay

Another advantage of the Bidpay service is both the buyer and seller will receive an email confirming that the Bid pay payment has been sent. This way, the seller knows when the payment has been made so if there is a delay in the mail, they know it’s not the buyer’s fault. This can help avoid eBay scams because there is a third party involved to confirm payment has been made.

Bidpay will send a Western Union money order for any international payments, in US funds. If a seller is located in the United States, Bid pay can deposit the payment directly into their checking account. For those sellers who do not accept Paypal, this can be a quick way of receiving e-bay payments instead of having to wait for the mail system.

All Bidpay transactions are handled in US dollars. If the buyer is in another country, they can still use Bidpay since all payments are done via credit card, but their credit card company will charge the current rate of exchange on the transaction. For this reason, Bidpay payments are mainly an option for US$ listings on e Bay.

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For more information about online bidding and payment with Bidpay, or to choose from a variety of related products and services, choose from one of the following links: