| It is generally up to the
seller to declare which forms of payment will be accepted. The buyer may
then choose from one of the options given by the seller.
Money Order (or certified check)
Buyer sends a money order or certified check made payable to the seller.
Money orders can be purchased from a variety of sources, with the Post Office
being the most common. Certified checks are issued by the buyer's bank,
usually requiring a visit to a branch. These payment types will cost the
buyer from ($.65 for a Postal money order, up to $15.00 for some bank issued
certified checks).
Personal Check
Buyer sends a check drawn upon a personal bank account. Most sellers
will wait for a personal check to "clear" before shipping the
item. This process can take 5-7 business days.
COD (Cash On Delivery)
Seller ships the item and declares a COD amount, that the shipper will collect
from the buyer upon delivery of the item. While the term implies
"cash" as the form of payment, most shippers do not accept cash
payments. Thus, a money order or certified check is the general payment
method actually accepted when the shipper delivers the item.
Credit Cards
If the seller is able to accept credit cards and the buyer wishes to pay with
such, then the buyer should call or fax the seller. Do not email credit
card numbers.
PayPal
This is an independent service that allows payment via Mastercard or Visa,
even if the seller is a private party. This does not offer the same level
of buyer protection as purchasing from a dealer who is authorized to accept
credit cards. Also, there are limitations on the maximum transaction
amounts. However, this service can be effective for a majority of private
party transactions. Find out more
Escrow Services
Videogon strongly recommends the use of an "escrow service", such
as www.Escrow.com.
This and other companies will guarantee a safe transaction for both
parties. The buyer sends payment to the escrow company instead of the
seller. The payment is held in escrow until the seller has shipped the
item, and the buyer has received the item. Once the buyer receives the
item, the escrow company will release the funds to the seller. Please
visit the website of Escrow.com
to learn more about these types of services. |
