Buying with 'Credit' on eBay
In an effort to compete with more 'traditional' shops, eBay has started to offer finance agreements though PayPal for expensive items.
This means that, if the seller decides to offer it, you can now spread the cost of an item into affordable monthly payments.
Other Visitors Also Visited:
-
eBay FAQ
-
Has something gone very wrong and you don't know what to do? Well, fair enough! Here are the questions that I hear all the time from buyers.
-
How to Get eBay Coupons
-
You have to be very lucky to be one of the chosen few who receive an eBay coupon by email. These coupons are just like cash that you can use towards anything you buy on eBay - the only conditions being that you pay using PayPal, and that you are us...
-
When and How To Withdraw Your eBay Bid (And Why You Might Not Want To)
-
eBay are a little strict about letting you withdraw your bid. They call it a 'bid retraction', and have a stringent set of conditions that you must meet before you are allowed to do it. Here are eBay's acceptable reasons for withdrawing a bid.
Good for everyone! ;-)
This is good for buyers, good for sellers, and good for eBay. Buyers can get the kind of credit agreements they're used to in shops.Sellers can make their items more attractive to buyers who might not have all the money then and there, but eBay still pays the sellers upfront - they don't have to wait to be paid each month or anything like that.
Buyers make their monthly payments to PayPal's credit provider instead.
What's the APR? And why is it different sometimes?
The APR of the Buyer's Credit program is currently 12.9%.You can pay back $999 or more over 12 months, or $1,999 or more over 24 months. There are also interest-free options for purchases of $199 or more over 3, 6 or 12 months.
The reason why some of these credit offers sound better than others is that it is up to the seller to decide how good the credit offer should be and pay extra to PayPal to offer it.
To give their buyer the best promotion, for example, of no interest for twelve months, the seller must pay 3.75% of the item's cost to PayPal.
Basically, this means that sellers pay less when the buyers pay interest, and sellers pay the cost of the interest on the interest-free offers.
PayPal makes its interest either way, buyers are happy to get credit, and sellers are happy to sell more.
How Can You Get This Credit?
On items over $199, Buyer's Credit is now being automatically offered to buyers in the USA only.Just click the link when you buy something for more than $199 and you will be taken through the application process, which includes a 30-second check on your credit history.
Then you just go through the buying process as normal, and you get your item before you've paid a penny.
Guides to Buying on eBay
Fetching new data from eBay now... please stand by
eBay Buyers Credit on the Hidden Web
See what you can find...
Why are eBay Offering This?
eBay say they want to "level the playing field", to allow eBay businesses to compete with the big chain stores, and they also want to promote PayPal as a payment method.Relatively few buyers can afford the more expensive items on eBay all at once, and so the introduction of Buyer's Credit seems likely to significantly increase prices and sales at the higher end of the market.
Use It Everywhere!
It is worth noting that you can use Buyer's Credit anywhere PayPal is accepted, not just on eBay. PayPal say it's "like a credit card - minus the card!"You don't get a card number - you can pay with credit with just your email address and password.
The only thing left to do now, then, is find the best deal for that really special item - the expensive thing you've been wanting for ages but could never afford.
But how can you be sure you're getting the best price?
Take a look at our eBay Information group for more information on how to "use" eBay exactly as you want to!The link is: http://www.squidoo.com/groups/ebay-marketing
Visit Our eBay Information Group Page
For everything you could need to know about eBay
And it's all organized so you can find what you want!!-
The Ebay Marketing Group Headquarters
-
The ebay Marketing Group Are you trying to sell on ebay? Are you trying to earn money as an ebay affiliate? Do you know enough about ebay to share what you know? This Group is for you!
Comments:
Please leave a comment if you liked this lens, or if you thought something is missing!
-
Reply
- wahguide wahguide Aug 15, 2008 @ 8:36 pm
- Hi,
Very nice lense on Ebay you've put together.
You've obviously put a lot of time and care into it.
EZ Ebay $$ >> Ebay Niche Store Generator.
The Hilarious eBay Song!
Made by Weird Al Yankovic
Does this show what ebay is like or what?! I love it! :-)
"Ebay" by Weird Al Yankovic
"I want it that way" by the Backstreet Boys is parodied by the excellent Weird Al Yankovic "Ebay" song - synched to the videoclip. I must admit Ebay is very much the way he describes it in the song. Don't take it too seriously; just enjoy! btw I actually love 'Star Wars'. Honours #5 - Most Discussed (All Time) - Australia #3 - Most Discussed (All Time) - Music - Australia #1 - Most Viewed (All Time) - Australia #1 - Most Viewed (All Time) - Music - Australia #1 - Top Favorites (All Time) - Australia #70 - Top Favorites (All Time) #1 - Top Favorites (All Time) - Music - Australia #53 - Top Favorites (All Time) - Music #22 - Top Rated (All Time) - Australia #14 - Top Rated (All Time) - Music - Australia #22 - Most Linked (All Time) - Australia #6 - Most Linked (All Time) - Music - Australia
curated content from YouTube
NeDo you like this lens?
Vote Yes or No!
by Skills
Hello! Thank you for reading my lens. I hope you found it both informative and enjoyable.
I am making one million Squidoo lenses, and you can read my...
(more)Explore related pages
Learning the eBay Terminology- Do you have trouble sometimes understanding when people talk about eBay? Don't w...
How to Properly Resolve eBay Disputes- eBay has quite an intricate and long-winded dispute resolution procedure. In thi...
An eBay Seller's Checklist- Being a seller is a lot of responsibility, and sometimes you might feel like you...
eBay Auction Buyer's Tips and Tricks- eBay isn't just an auction and a marketplace: often it can feel quite a lot like...
How to Choose the Right eBay Category- Some people think it's easy to choose the right eBay category, and often it is....
The income possibilities of eBay- If you've ever read a Squidoo Lens about eBay Marketing, you will have seen the...
