Many eBay members were not happy when eBay decided to no longer allow payment by check. This was part of eBay's efforts to limit many bad checks being received by eBay sellers.
Paypal has just announced a new check payment method now allowed on eBay. It is called 'eCheck'. Any eBay buyer with a Paypal account can now send an eCheck to pay in whole or in part for an item bought on eBay. There is a small $.50 fee.
For those who are not familiar with eChecks, Paypal debits the buyer's checking account and when the echeck clears, Paypal then credits the Seller's account.
So, for those who miss paying by check, you now have an alternative.
Ken
Dr eBay
Friday, October 01, 2010
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