Online Auction Articles Make Money on eBay and Other Online Auctions With our informative educational auction articles enjoy
eBay PayPal Buyer Credit Program
Date: Wednesday November 19, 2008
How PayPal Buyer Credit is Promoted on eBay:
Unless you choose to offer promotional financing, as long as you accept PayPal for your eBay listings, PayPal Buyer Credit will be automatically promoted on any item you list over $199.00 USD. This is free for sellers (to turn off the automatic promotion, please visit your eBay preferences
Attract More Buyers and Boost Your Sales!
PayPal Buyer Credit is a credit account exclusively for PayPal members. It lets buyers make low monthly payments on their PayPal purchases, making higher-priced items more affordable. For sellers, PayPal Buyer Credit allows you to attract more buyers to your higher-priced items by promoting your items in the form of low monthly payments, or by allowing you to offer promotional financing (if you currently offer PayPal Buyer Protection on your eBay listings).
This means that, if the seller decides to offer it, you can now spread the cost of an item into affordable monthly payments.
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.
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.
Can I 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.
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.
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?
"Thank you for reading our Online Auction articles. We have other Auction Articles you will enjoy here on this site as well, come back any time...you are most welcome".
DISCOVER Jim Cockrum's eBook "The Silent Sales Machine Hiding On eBay" will teach you how to make money on eBay even if your items ARE NOT selling Simply amazing...and simple..The number one book about e-bay Click Here To Download Now
AuctionAds: Increase the bid on your site's income!
Free auction tools:
- Auction Typo - Find A Misspelt Bargain In Seconds
- Auction Lotsnipe - Free eBay Auction Sniper
- Auction Ad Creator - Free Auction Ad Generator
- Auction Venues - Free Auction Site Directory...
- AuctioneStores - Free eBay Stores Directory..
- AuctioneZone - Free Auction Articles...
- Auction Piccies - Free Auction Image Hosting
- Free Auction Templates - Create great looking auction templates & listings
- Feedback - Free eBay Feedback Display Tool
- Auction Typo - Find A Misspelt Bargain In Seconds
- Minimizing eBay Fees
- This FREE report will show you how to stop wasting money on eBay upgrades and select the listing type that will result in the lowest fees.
- 19 Ways To Quickly Improve Your eBay Auctions
- This article explains 19 ways to get higher selling prices in your eBay auctions.
- The Death Of eBay?
- I was originally going to call this article eBay 2010 and show you what eBay will look like in two years. But I decided to use the death of eBay instead because it's more dramatic.
- Profiting From eBay Images
- This article explains an easy way to leverage your eBay auction pictures into a steady stream of income.
- eBay PayPal July 2008 Discount Coupon Codes
- PayPal coupons good for discounts on eBay purchases. July 2008 coupon code for 20% off any purchase.
- eBay's Detailed Seller Ratings Reexamined
- I wrote in February about ways to improve your Detailed Seller Ratings to insure you'll get a Final Value Fee discount from eBay. In this article, I reexamine this issue based on two months of results.
- My last negative for a buyer.
- I left my last negative feedback for a poorly behaved buyer earlier this week. Call me petty, but it felt good.
- More On eBay's 2008 Changes. . .
- During February I sent out a series of articles about dealing with eBay's changes. In this issue I'll look at the results of the changes I made to my auctions.
- Overcoming eBay's New Digital Download Prohibition
- You can no longer list downloadable items in categories outside everything else > information products, and must use classified ads rather than auctions or fixed price listings. This article explains four ways to get around this new rule.
- Why Have Multiple eBay Accounts?
- This article explains why you need more than one eBay account.
- Setting Up Additional eBay Accounts
- This article shows you how to set up a second ebay account.
- Comments on eBay Fee Increase and Feedback Changes
- This article contains comments I wrote about an earlier eBay fee increase, and links to a free report covering the 2008 changes.
- How To Sell Quantities Of Items On eBay
- This article explains how to sell quantities of items without depressing selling process.
- Finding eBay Keywords For Old Items
- What Is it? This article explains how to find out keywords related to any item.
- Adding Videos To Your eBay Auctions
- This article explains step by step how to put videos on youtube, and then add videos to your auctions.
- Sorting Antiques - The Three Piles
- This article explains how I sort antiques into three piles. Stuff to sell on eBay, items to place in antique malls, and junk for yard sales or flea markets.
- Using The Word Like In eBay Titles
- eBay doesn't like the word LIKE. You cannot use it in titles to make comparisons to other brands, and you cannot use it in condition statements. The first rule makes sense, but LIKE NEW is a commonly used condition statement. They are trying to protect people who buy underwear on eBay.
- Common eBay Abbreviations
- Have you ever wondered what the abbreviations you see in eBay auctions mean? Here's a list of common (and uncommon) abbreviations and their meanings.
- Create Your Own eBay Most Watched Page
- Since I showed off my most watched items pages, many of my readers asked about making their own. Here's a quick and easy form. Just copy and paste.
- Skip McGrath Says Never Mind
- Skip McGrath wants us to think he's Emily Litella. After promoting Exponent Trading, and attacking me for warning people off, he's now saying Never Mind. I say not good enough.
- BayRSS eBay Affiliate Plugin For WordPress Review
- This is a neat plugin for Wordpress blogs. This review explains how I've been using it, and shows you how to leverage work you are already doing to get some commissions.
- How To Add Audio To eBay Auctions
- There are a few cases when adding a recorded message to your eBay auctions makes sense. It's easy and can be done with the tools you already have. This article explains when to use audio, and shows you step by step how to add sound to your auctions.
- EBay Bidder Tricks
- This article explains ways bidders use questions to take advantage of sellers.
- Easily Increase Your eBay Sales Without Working Harder
- This article uses some personal stories to show you some effortless ways to increase your eBay sales without working harder.
- The Most Successful eBay Sellers
- Have you ever wondered what products the most successful eBay sellers offer? I have. In this article, we'll look at what different eBay sellers offer to discover what products the most successful eBay sellers promote.