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TUTORIAL: How to avoid being a bad SELLER

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Honus:
I know it's been covered before, but maybe it bears repeating from time to time...  If you want to broaden your market and reach international buyers, don't be afraid to require bank wire transfers.   Reputable buyers - meaning buyers who have been around the block, and who are working with some affluence - are more than comfortable using bank transfer.  In our own business (we sell jewelry, average transaction around $1500) we now receive $4 in bank wires & cashier's checks for every $1 we receive via PayPal or credit cards - this crossover, where "old school" methods of payment eclipse PP/CC - happened for us back in 2013 and it's been that way ever since.   We do give a 2% discount for cash, but otherwise we don't push bank wires on our customers - we give them the option, and more and more are abandoning the use of PayPal and Credit Cards.   I would never have predicted this, and I'm still often shocked at the ratio, but it's happening.   Point is, don't be afraid to ask for bank wires - if you're dealing with the "right" buyers, the kind of buyers you want to build a small online business around, they'll be more than happy to work that way. 

Of course, as everyone is very well aware, several excellent members of this forum have built successful online businesses using only old-school payment methods so I'm not telling you guys anything you don't already know.  But it may still surprise some people, because it has surprised me, that plenty of buyers are happy to transact without PayPal being part of the process as long as the trust is there.

jwa1inv:

--- Quote from: KeyDate1/2ozPandas on July 11, 2016, 04:19:57 AM ---I had yearly contract for the store at $16/month, didn't list anything for the last 12 months so I cancelled the store, now ebay send me all kinds of incentives to list at reduced final value fees.  The current promotion is $1 final value fees for the first 5 items sold, others include $50 to $100 cap on final value fees.  I would recommend you get a store for a month or two and then cancel it and wait for a promotion, then list your items.

I listed 24 items today in under 1 hour, the new listing page is very easy to use and allows you to crop pictures. 

--- End quote ---

I have encountered similar incentives to those before when I cancelled my store. The increase to $25 per month subscription makes another store cancellation
pretty attractive. Good idea!

KeepOnTrying!:

--- Quote from: Honus on July 11, 2016, 05:15:49 PM ---I know it's been covered before, but maybe it bears repeating from time to time...  If you want to broaden your market and reach international buyers, don't be afraid to require bank wire transfers.   Reputable buyers - meaning buyers who have been around the block, and who are working with some affluence - are more than comfortable using bank transfer.  In our own business (we sell jewelry, average transaction around $1500) we now receive $4 in bank wires & cashier's checks for every $1 we receive via PayPal or credit cards - this crossover, where "old school" methods of payment eclipse PP/CC - happened for us back in 2013 and it's been that way ever since.   We do give a 2% discount for cash, but otherwise we don't push bank wires on our customers - we give them the option, and more and more are abandoning the use of PayPal and Credit Cards.   I would never have predicted this, and I'm still often shocked at the ratio, but it's happening.   Point is, don't be afraid to ask for bank wires - if you're dealing with the "right" buyers, the kind of buyers you want to build a small online business around, they'll be more than happy to work that way. 

Of course, as everyone is very well aware, several excellent members of this forum have built successful online businesses using only old-school payment methods so I'm not telling you guys anything you don't already know.  But it may still surprise some people, because it has surprised me, that plenty of buyers are happy to transact without PayPal being part of the process as long as the trust is there.

--- End quote ---

Thanks for that great contribution. I will start off with PayPal but if I continue for more than a few months other payment options you highlighted could come into use. I have certainly paid for coins by check several times now and never had a problem.

Best wishes.

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