Chapter 7

Paying for an item

Now that we’ve won an auction, committed to buying the item or added it to our cart, it’s time to pay for it. On eBay there are four main ways of paying for an item during checkout. We’ll cover each of these in detail and outline other payment options.

Pay with PayPal

PayPal, which is an eBay company, is the most popular way to pay for products purchased on eBay. The vast majority of sellers accept it for all of their products and some sellers specify it as their preferred payment option. PayPal is also one of the safest methods of paying for anything online, because you never share any of your personal or financial information; the only information buyers and sellers exchange is their email address. PayPal keeps all members’ financial information safely encrypted, and using PayPal you can pay for your items via credit card, a bank account, a positive PayPal balance (achieved by receiving funds into your PayPal account if you sell products online, or by transferring funds into PayPal from your bank account) or a PayPal gift voucher (as awarded by eBay, PayPal or another online business). This method also means you don’t have to enter your credit card or other financial details every time you pay for an item; you just log into your PayPal account using your email address and password.

It costs you nothing to pay for online purchases using PayPal unless you purchase an item in a foreign currency, in which case a currency conversion fee is charged. ...

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