Originally posted by Tamie
Hi, everyone!
What are the +/- of accepting credit cards beside the fee for the credit cards. Anyone know?
Thank you for help and advise.
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About the only reason I can think of that some people don't want to accept credit cards is due to the extra fees involved.. However, if you upgrade to a Premier Business account and get their debit card and then use the card like a credit card at the post office and such you will get a 1.5% cash-back rebate, which helps to off-set some of those fees..
The plus side is that it often encourages more people to bid on your items, they will often bid higher if it's going on a cc, they know that the transaction will take less time to turn around, and you pretty much have your money and access to it immediately..
I accept all forms of payment, but it's really a hassle to have to wait for money to arrive in the mail and people tend to be a lot slower in paying for their auctions when they have to send a check or make a special trip somewhere to purchase a money order.. Then with the personal checks, you need to wait 10 days or so for it to clear so in reality, it could take almost a month to complete the transaction..
Also - keep in mind that people are going to be doing their Christmas shopping via eBay and for the most part are going to want their items
yesterday... If you have to wait for payments to arrive via the mail (which will slow down
considerably as the holidays approach) you will have to stop your "holiday" selling much sooner because there won't be enough time to wait for payments to arrive and then get the items shipped out.. With the cc's you can extend your holiday sales for a much longer period of time because you can ship the items the very next day if you would like to..
Whatever you decide, best of luck to you!
