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BidPay – An Auction Online Payment Method
It’s just what it says it is, the BidPay
is a fast, convenient and reliable auction online payment method, and it
is not an escrow service. Together with the Western Union, BidPay is a
subsidiary of First Data Corporation.
Why is it safe?
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It’s safe because
BidPay had teamed up with buySAFE. The buySAFE company uses a
comprehensive, rigid 5-point business inspection. As a seller, passing
this 5-point inspection means, you’ve earned a spot to become one of
BidPay’s Bonded Sellers. You’ve got the seal of approval to sell on
online auction sites such as the very popular EBay.
Here some of the services you can avail of as a seller, you can receive
payment via Western Union® branded money orders, automatically have the
BidPay payment buttons placed on all of your auction listings, and if
you are located in the U.S., you can have payments sent to your checking
account. Convenient right?
So your potential buyers can bid and buy, on any online auction site,
knowing that each purchase is backed by the buySAFE surety bond, which
protects the full amount they’ve paid to you the seller, for 30 days
after the sale. For this to happen, your buyers just have to access
wwww.bidpay.com; enter the auction and payment information. Then BidPay
can begin processing the transactions.
BidPay processes the transaction by, paying for your winning bid, with a
Western Union® branded money order issued by Integrated Payment Systems
Inc. which is one of the most respected money orders companies in the
world, to the Seller. For the registered seller who’s located in the
U.S. and has selected the Direct to Bank option, BidPay can directly
send the payment to the seller's U.S. checking account.
Isn’t it good to know there’s a new alternative auction payment method?
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