Payment Options for Buyers
Posted by , Last modified by bidorbuy Marketing on 16 November 2017 09:39 AM
Payment options are determined by the Seller, it is therefore important for Buyers to read the Payment Options offered before placing a bid or buying an item to ensure that they are aware of what payment methods are offered by the seller. Please see the image below to see where the Payment Options are located on the listing itself:
Once you click on that tab, you will be presented with both the Seller's Shipping and Payment options:
A payment method is the method by which you pay the Seller for the item and shipping. There are various payment options ranging from Internet Bank Transfers (EFT directly to an account via internet banking transfer), Cash deposits, Credit Card and PayPal payments. Payment options are seller dependent.
Please note - Not all sellers can offer PayPal or Credit Card payment options. Credit Card payment options are generally only available to Verified Sellers (Visa, MasterCard and Amex only). PayPal is generally only offered by Sellers who have PayPal accounts (these sellers are usually based overseas or have paypal accounts locally with FNB).
The most common form of payment is EFT (commonly known as internet banking). Sellers can offer this either with payment directly into their bank account (if they are Advanced Sellers) or through bobPay EFT (where bidorbuy handles the EFT payment on behalf of the seller), usually applicable to Basic Sellers (although any Seller can offer bobPay EFT). Cheques may be accepted by some Sellers, but as a general rule most Sellers do not accept cheques due to fraud and costs involved.
Important! - If a Seller offers bobPay as a payment method, if you do not have internet banking, you can still pay by making a direct deposit or cash deposit into the bobPay account. You will need to complete the order online, to get the Banking details (selecting the Bank you bank with) and unique reference number, make a note of these and then go into your nearest bank branch to make the payment, be sure to include the unique 6 digit reference number (only) in the reference field and to add R20 to cover the cash deposit fees charged for accepting cash deposits.
Payment Option definitons:
Buyers should always exercise caution when making payment (as it is usually Buyers who will be requested to deposit or send monies to the Seller) using the methods below and to be cautious when dealing with new sellers or sellers with no ratings, trying to speed up the process, pressurising you into completing payment immediately. Be wary of sellers who tell you that this is the last one in stock or that they have another buyer interested in the item to put pressure on you to finalise the payment and offering immediate shipping via courier if you make prompt payment. Remember, if the deal looks too good to be true, it is highly likely that it is just that- not true!
For more details on payment options, please see these related links: