eBay is moving to an electronic Checkout system, banning checks, money orders and postal orders, and more than half of sellers believe it would negatively impact their profitability, according to an AuctionBytes.com survey. Beginning in late October, eBay will limit acceptable payment methods to merchant credit card accounts, ProPay, and PayPal (eBay’s own payment service). AuctionBytes conducted a survey of readers in August to solicit their thoughts on possible changes to eBay’s accepted payments policy.
By Ina Steiner