In Just A Few Days You're Going To Hear About Something So REVOLUTIONARY It's Going To Change The Way People Sell On eBay...
Welcome to this edition of Adam Ginsberg's "Insiders" Newsletter. Each issue is designed to provide you with insights, tips, secrets and overall strategies on how you can build your online auctions business. I'm sure you love this issue! Also, be sure to check Adam's Blog for the latest in money making news online!
Why PayPal Is Important to your eBay & Online Business!
A few years ago, eBay purchased PayPal for $2 Billion dollars. Since then, PayPal has grown to a site with more than 120 million members.
PayPal has revolutionized the way people pay for online purchases. With the concern people have for using their credit cards online, PayPal is a safe and secure way to accept online payments. PayPal has increased consumer confidence in turn sales dramatically increased both on eBay and on non-eBay websites.
"…more than 120 million accounts in 56 countries and regions ...growing by 83,000 a day... One in three online buyers in the U.S. has a PayPal account."
Here are several reasons why you PayPal needs to be integrated into your online payment systems – and perhaps your main merchant account alternative.
1. Accept Credit Cards Without a Merchant Account
You can accept all major credit cards as well as payments from bank accounts. Your customer doesn't have to be a member of PayPal to pay by credit card.
2. Low Cost
There are no initial or monthly fees to join PayPal. Fees are 2.9% of sales and $0.30 per transaction; rates vary slightly by country and sales volume. Using the right techniques, you can lower this to 2.3%.
3. Flexible and Easy to Use
PayPal payments can be made in six different currencies for digital or physically shipped products, auctions, services, recurring payments (like subscriptions), et cetera. As well, PayPal is very easy to use and setup.
4. Buyer Network
According to PayPal, PayPal has "more than 120 million accounts in 56 countries and regions ...growing by 83,000 a day... One in three online buyers in the U.S. has a PayPal account."
5. Merchant and Auction Tools
PayPal has a number of automated tools to make your life easier including financial reporting, shipping calculation, sales tax and value-added tax calculation, and much more. Since PayPal is an eBay company, it is designed to integrate well with eBay auctions.
6. Fraud Detection
PayPal claims to have "one of the lowest loss rates in the online retail industry." Their Seller Protection Policy is designed to protect the merchant; their Buyer Protection Policy is designed to protect the customer.
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As with any online payment system, it’s vital that you learn how to protect yourself from online scams – including those that could occur with PayPal. Here are a few ways to spot a PayPal Scam E-mail and Protect Yourself from Identity Theft
1 - Wrong E-Mail Address
Any Email Sent to an Email Address that is Not Your Primary PayPal Email Account is more then likely a scam.
2 - Fake links
After you click on the link if it doesn't start https://www.paypal.com then it is a Fake Link. Even if it says PayPal somewhere in the link, it’s still a fake link. The term "https" should always precede any website address where you enter personal information. The "s" stands for secure. If you don't see "https," you're not in a secure web session, and you should not enter data. (This goes for any payment Processor including your online Bank Accounts)
3 - Subject Lines
Subject like Please Restore Your Account Access.
4 - Generic greetings
Lot's of emails begin with a Greeting, such as: "Dear PayPal member. PayPal knows the name you used when you registered your account
5 - Action Required Now
Many Fake emails try to trick you with the threat that your account is in jeopardy if you don't sign in and fix it NOW!
6 - HTML Emails
Emails that appear to be websites. Some emails will look like a website in order to get you to enter personal information. PayPal never asks for personal information in an e-mail.
7. Misspellings and bad grammar
Fake emails may contain misspellings, incorrect grammar, missing words. Many times these are used to trick the Email Filters
A Quick Review
If you receive an Email with a link requesting you to click on the link and sign in to your PayPal account, DO NOT DO IT!
If you receive an Email with what looks like a PayPal Sign in Form, Don't Sign in!
If you are unsure if the e-mail is real or fake forward it to spoof@paypal.com and request assistance.
Until the next issue...
Knowing No Boundaries
Adam Ginsberg
AdamGinsberg.com
Make Money Online
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Current news for ebay |
Yahoo! News Search Results for ebay
eBay announces event for small business, sellers (CIOL)SAN JOSE, Calif.: eBay, an E-commerce provider, on Monday announced the launch of a new series of events called eBay: On Location. The event is focused to help small-business and part-time sellers accelerate their businesses on eBay, said a press release.
eBay Launches Series of Seller Events (WebProNews)eBay is starting a new series of events to help small businesses and part-time eBay sellers "accelerate their businesses" on eBay, which has 90 million active users. The series is called eBay: On Location , and has dates set for Atlanta, Dallas, Chicago, and San Jose. "eBay sellers are creative entrepreneurs who understand that eBay’s global reach and dynamic marketplace offer the ideal setting ...
eBay Announces Locations of Regional Seller Seminars (AuctionBytes)eBay: On Location's new regional event for online sellers kicks off in Atlanta on March 19-20 and will be held in Dallas on May 7-8; Chicago on July 9-10; and in San Jose, California on September 1-2, 2010. eBay had originally planned to hold the first eBay: On Location in Orlando in February but it never materialized.
Life Too Normal? Try The Alfamino Project [Found On EBay] (Jalopnik)The dude that owns this thing calls it the "Alfamino." Cool conversion, lame name. (We prefer "Giuliamino" — it doesn't match the sticker, but it doesn't sound quite as dorky.) eBay, your...
Survey Shows Small Sellers Taking Brunt of eBay Fee Changes (AuctionBytes)AuctionBytes conducted a survey to determine how eBay sellers were affected by upcoming changes to fees - the overall survey results were published in yesterday's AuctionBytes Update newsletter.
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