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How To Sell Internationally On eBay Without Risk
Many people just getting started on eBay have reservations
when it comes to selling to International buyers. Possibly
they've heard a few second-hand horror stories, or they feel it's
simply not worth the extra hassle.
eBay provides you with the opportunity to sell to buyers all
over the world. This opens a huge new market to the seller. It
also allows you to receive more interest in your items and higher
closing prices.
In many categories, some of the most active buyers live
outside the United States. As an example, at the time I'm writing
this, if you were selling collectible Pyrex glass, many of your
serious bidders would be from Japan.
I have been selling internationally on eBay for five years and
have been selling to International buyers right from the start.
It's not difficult, doesn't take much more time and, if you
follow a few simple do's and don'ts you shouldn't run into any
problems
There are only two methods of payment, which will ensure
absolute zero risk regarding sending product overseas:
1. The first is wire transfer directly to your bank.
You can contact your local bank and they will walk you through
a wire transfer transaction. It is very similar to the process of
having a payroll check deposited in your account. As soon as a
payment is deposited electronically into your account it can
never be touched by any source other than by you, the account
owner. Once the bank notifies you that payment is wired or
transferred into your account, you can ship the product.
2. The second is http://www.auctionpayments.com/, which is a
division of Western Union. This was originally called BidPay.com
and the name has been changed to Western Union (R) Auction
Payments.
Payment for this method is completely processed via email. You
will then receive a physical check from Western Union. This
usually takes three to four days after your email confirmation.
Very Important! Do not ship the product when you receive the
email confirmation. Wait until you physically receive the check
from Western Union.
There are three other methods of payment that you will need
to decide if you will, or will not, accept. These do pose a small
amount of risk:
1. Paypal payments. You will find that many International
buyers have PayPal accounts and will ask to pay through PayPal.
While PayPal does provide a seller protection program, it
requires that you have proof of delivery. The United States Post
Office (my recommend shipping venue for reasons talked about
below) doesn't offer this for International Mail.
I've been accepting PayPal from International buyers all
along. However, nearly all my International sales are in the
antique and collectible categories. Historically, collectors have
never been as much of a non-payment risk as people buying
consumer products. If I was selling in the electronic or computer
categories, for example, I might seriously reconsider my payment
policies.
2. International Money Orders. Many sellers accept
International money orders in US Dollars. There is a common
misconception that these are as good as cash. That's not the
case. There are instances of stolen and forged money orders right
here in the States. This problem, while minute, exists for
International money orders also.
3. Cashier's Checks. Just like money orders, there is a common
misconception that they are as good as cash. There have been
cases where blank stolen cashier's checks, or even bank checks
have been forged.
Additional considerations when shipping products to
International buyers.
Shipping products Internationally does involve a little more
work, but it's nowhere near as involved as many make it seem.
Unlike products shipped within your own country, the major
difference is the need to include a customs form. These forms are
free and supplied by the carrier you chose, whether it is the US
Postal Service, Fed Ex, UPS, Etc. You will need to state the
weight, the item and it's value, the destination, etc.
When shipping Internationally, use only the United States
Postal Service. Most, if not all countries charge duty on items
coming into their country. These are based upon the value of the
item and, for expensive items, can get pretty healthy. With some
other carriers, you may find that you end up paying this duty tax
and not the buyer. With the USPS, all import duties are collected
from the buyer and not you.
Shipping internationally can be profitable and fun. You may
even find that you end up becoming good friends with some of your
overseas buyers. Just be careful about how you take payment, be
aware of the shipping procedures, and send via USPS.
MORE RESOURCES updated Thu. February / 09 / 2012
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Elizabeth Taylor auctions raise $183 millionAccess AtlantaChristie's auction house says all of the 1817 lots offered sold at auctions in New York and London, some at 50 times their pre-sale estimates. The top lot was Vincent van Gogh's landscape "Vue de l'asile et de la Chapelle de Remy," which once hung in ...and more » |
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Elizabeth Taylor auctions raise $183 millionMerced Sun-StarChristie's auction house says all of the 1817 lots offered sold at auctions in New York and London, some at 50 times their pre-sale estimates. The top lot was Vincent van Gogh's landscape "Vue de l'asile et de la Chapelle de Remy," which once hung in ...and more » |
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Elizabeth Taylor auctions raise $183 millionWilkes Barre Times-LeaderChristie's auction house says all of the 1817 lots offered sold at auctions in New York and London, some at 50 times their pre-sale estimates. The top lot was Vincent van Gogh's landscape "Vue de l'asile et de la Chapelle de Remy," which once hung in ...and more » |
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Elizabeth Taylor auctions raise $183 millionWISChristie's auction house says all of the 1817 lots offered sold at auctions in New York and London, some at 50 times their pre-sale estimates. The top lot was Vincent van Gogh's landscape "Vue de l'asile et de la Chapelle de Remy," which once hung in ...and more » |
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Elizabeth Taylor auctions raise $183 millionWNEM SaginawChristie's auction house says all of the 1817 lots offered sold at auctions in New York and London, some at 50 times their pre-sale estimates. The top lot was Vincent van Gogh's landscape "Vue de l'asile et de la Chapelle de Remy," which once hung in ...and more » |
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Elizabeth Taylor auctions raise $183 millionCentre Daily TimesChristie's auction house says all of the 1817 lots offered sold at auctions in New York and London, some at 50 times their pre-sale estimates. The top lot was Vincent van Gogh's landscape "Vue de l'asile et de la Chapelle de Remy," which once hung in ...and more » |
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Elizabeth Taylor auctions raise $183 millionNew Jersey HeraldChristie's auction house says all of the 1817 lots offered sold at auctions in New York and London, some at 50 times their pre-sale estimates. The top lot was Vincent van Gogh's landscape "Vue de l'asile et de la Chapelle de Remy," which once hung in ...and more » |
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Elizabeth Taylor auctions raise $183 millionKATVChristie's auction house says all of the 1817 lots offered sold at auctions in New York and London, some at 50 times their pre-sale estimates. The top lot was Vincent van Gogh's landscape "Vue de l'asile et de la Chapelle de Remy," which once hung in ...and more » |
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Elizabeth Taylor auctions raise $183 millionDenver PostChristie's auction house says all of the 1817 lots offered sold at auctions in New York and London, some at 50 times their pre-sale estimates. The top lot was Vincent van Gogh's landscape "Vue de l'asile et de la Chapelle de Remy," which once hung in ...and more » |
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