posted on May 19, 2003 03:09:49 PM newWell this should generate some discussion
We are proud to introduce a new payment option that provides buyers with a convenient,
retail-like purchasing experience. This will also help reduce the likelihood that a Buy It Now item
will be ended by a buyer who does not intend to pay, making it unavailable to a buyer who really
wants it.
If the seller chooses to use this payment option, buyers will see a notation next to the Buy It
Now button stating that the seller requires immediate payment. After clicking the Buy It Now
button, the buyer will be asked to complete payment through PayPal, which handles credit
cards, PayPal funds, and other instant payment methods. Once the payment is confirmed, the
listing will officially end. Until a buyer completes the payment, the listing will continue to run.
This feature will initially be offered in the Tickets & Experiences categories (where payment is
often time-critical) and the Media categories: Books, Movies & Television, and Music (where the
demand for retail-like convenience is high). There will be no extra cost for this feature, as the
immediate payment option will be included in the standard Buy It Now fee.
This option can be applied by sellers on a per-item basis to listings with Buy It Now and to
Stores items. Sellers who choose to require "immediate payment" must have a PayPal Premier
or Business account so they can accept credit card payments. Shipping and all other costs
must be provided when the item is listed so that buyers know exactly what to pay without having
to wait for seller instruction.
You can still view our preview pages for this new payment option by clicking here.
For more information about this feature, please review our Frequently Asked Questions.
posted on May 19, 2003 04:20:11 PM new
Wasn't that new payment option revealed about three weeks ago? Not much discussion about it here though. I kinda thought the lack of discussion was a little bit of whistling while you walk past the graveyard stuff as many sellers do not like this tactic by ebay.
Sorry, I missed that one. A well needed (to short) vacation. Looks as if eBay is trying to rope in all the funds. Oh well, they are in it for the money.
