Auction Payment Options

I figured I might kick off the end of the week with one last post about auctions. This time I want to expand on the common payment options used in most auctions.

• Paypal: I think paypal is the most popular way to make payment on something. With paypal the ability to pay on an item is widened. For example many people can choose to pay using an echeck, a credit/debit card or their paypal balance [if their's enough in there]. Also, the way that payment is almost instant makes paypal one of the most recommended ways of payment.
• Check: The personal check payment is not dead, it’s just not very popular. If you pay someone using a check, don’t be surprised if it’ll take an extra week before your item is sent to you because checks take up to a week to clear.
• Money Order: A money order is almost like a check, but it has it’s differences. For one, you have to pay for a money order. On the other hand, their’s no need for anyone to wait for it to clear. If you can’t use any other option available, a money order isn’t a terrible idea.
• Cash: Many people are willing to accept cash, but it’s usually at your own risk. With cash you can’t prove that you really paid the person, or if they even received it. It can easily get lost in the mail, too. If you don’t have any other choice, it’ll work. But it’s not the best way to go about making any payment.

Those are the most common payment options that you’ll see in an auction. The one good thing about variety is that anyone can bid, even if they don’t have a paypal account. Especially since a simple money order will do. Just make sure you see the payment methods accepted before you commit a bid on any item.