Paypal/ Nochex

Party_Animal

Sorry to be a pain but just need some advice. I've been through the Q and As on EBay but I'm after advice from sellers. I'm a regular buyer and I'm about to sell for the first time. Should I verify my paypal account ( the items are likely to fetch £150 or so or should I sign up with Nochex or both?
Any advice appreciated
Thanks

soolin

Nochex has a limit on amounts you can receive and you need to check that limit as I think it is quite low, about the £100 mark. I used to offer nochex on my auctions but I think over a period of years it was only ever used twice, so I tend not to bother with it now.

Most of my auctions are paid for by paypal, although I do try to push bank transfers without much success.

Soo

Bargainbabe_2

Paypal is great until things go wrong. You have to be careful when selling high value items, because you are more at risk from Paypal chargebacks.

Party_Animal

Many thanks, coincidentally, I've just won an item. I know I should have looked, but I didn't realise till afterwards that they don't do Paypal or Nochex. I did check their feedback, but I'm so used to using paypal that I never looked. The seller wants paying by cheque, postal order or banker's draft. The last time I paid by cheque I never received the item and I said never again. I spoke to my bank its £10 for a draft and I believe a postal order isn't any safer than a cheque. Any advice please
Thanks again.

soolin

Cheques, postal orders or bank drafts give no protection to the buyer so you might as well use a cheque as it least it doesn't cost you anything.

Soo

cafenervosa_2

soolin wrote:

Nochex has a limit on amounts you can receive and you need to check that limit as I think it is quite low, about the £100 mark. I used to offer nochex on my auctions but I think over a period of years it was only ever used twice, so I tend not to bother with it now.

Most of my auctions are paid for by paypal, although I do try to push bank transfers without much success.

Soo

The limit is £90

Party_Animal

Thanks. that's out then so I'll need to verify my Paypal account.

cosmokramer2004

cafenervosa wrote:

The limit is £90

Standard Accounts can only receive £90 per day and cannot have a balance of more than that £90.

Seller accounts which are Xtra enabled (I think they all are) can receive £100 per day from non-members via Credit/Debit cards and there is no limit on your NoChex balance. After your probationary period as a member with NoChex this limit can be increased to £300 per day from non-members. I believe the probationary period is 41 days.

You can request a higher limit per transaction but it's at their discretion and you'll need to provide some justification for transactions >£300 per customer.

Party_Animal

Thanks Cosmo