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Which Way Is Best?

The more payment options you offer, the more potential bidders you'll attract. Still, some methods are better than others for different types of sellers; use Table 12.2 to determine which methods work best for you.

Table 12.2. Payment Methods Rated
Payment MethodProsCons
CashRelatively fast payment, no hasslesUnattractive to buyers
C.O.D.Cash paymentHigh noncompletion rate; lots of paperwork
Personal checkConvenient for buyersSlow, have to wait to clear
Money order/cashier's checkLike cashHassle for buyers
Credit cards (via PayPal)Fast payment, buyers like online payment servicesFees involved



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