by: David Riewe

Today, eBay is considered to be one of the most lucrative auction
sites available in the Internet.

However, selling on eBay is not that easy, and the very first thing
a seller should do is to find the ways on how he or she will get
paid once the item is sold. And so, here are the different ways how
a seller can be paid:

1. PayPal

PayPal is the most common and convenient way of sending and
receiving money based on an eBay transaction. Here, the payment for
the sold item is sent directly to the seller by means of an
established bank account or a credit card.

2. Personal Check or Cashier's Check

Sellers may choose this kind of option. However, the drawback of
using this kind of payment method is that the seller still has to
wait for a number of banking days before the check gets cleared.

3. Credit Cards

Sellers must have a merchant account to be able to accept payments
from its buyers through credit cards. This is applicable only if the
buyer will be paying directly to the seller. If the buyer still
wants to use credit card but wants a safer transaction, he or she
may opt to pay the seller through PayPal with the use of the credit
card.

4. Bank to bank wire transfers

In this type of payment, the seller can be paid through a
bank-to-bank transaction. Here, the buyer will transfer funds from
his or her bank account to the seller's bank account.

5. Money Orders/Bid pay

This is one of the recommended payment methods of eBay. This is
considered safe because the seller or the buyer can track down the
mailing address of the concerned person.

6. Escrow

This is strongly suggested for high-priced item transactions. The
escrow service guarantees full protection while the transaction is
not yet closed. Through this service, the seller has to wait for the
confirmation that the buyer had received the product before
receiving payment.

However, sellers and buyers should take extra precautions on dealing
with escrow services. There are a lot of counterfeit escrow services
lurking on eBay these days. It's best to check if the escrow service
was approved by eBay.

8. Cash

Sellers on eBay may receive payments through cash. However, this is
a high-risk activity and offers no guaranteed protection.

8. Instant Cash Wire Transfers like western Union and Money Grams

Sellers may opt for this type of payment method. But, they should
keep in mind eBay is strongly against this mode of payment and that
insisting this to the buyer may result to suspension or termination
of account.

About the author:
David Riewe is a Publisher and Online Marketer. Visit his eBay Blog
to Discover 101 Ebay Auction Tips in this FREE ebook
http://www.push-button-online-income.com/ebayblog