eBay has decided that sellers will only be able to accept COD or Paypal. This will come into effect after June 17.

I think this is a great move and a great win for the consumer. I recently bought a nikon d80 from ebay which came up to almost $1500 including the 18-200mm lens. The seller only accepted direct deposit into his bank account. Despite the seller having a good reputation and over a thousand sales, I still felt a bit uneasy.

The beauty of paying by paypal is that it comes with a chargeback policy where you can claim up to $20,000 if you do not receive the item or it is not as it was described. With a direct deposit to the sellers bank account, you need to deal with the banks and whilst I’ve never had to do it before, I seriously doubt your chances of getting your money back.

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