What payments should I accept on Facebook Marketplace?

What payments should I accept on Facebook Marketplace?

I’m worried about getting scammed by a buyer for a high-value item. I know some people do chargebacks after receiving the items.

We’re supposed to meet up tomorrow and originally agreed on Zelle, but now they’re asking to send the payment through PayPal Friends/Family or Cash App. What do you think?

What payments should I accept on Facebook Marketplace?

level 1

it sounds like a scam. there’s no buyer or seller protection on either of those, and could easily result in a chargeback, then you’re out the item and your funds. i’d personally cancel the meeting and block them.

level 1

Yup sounds about right they could Facebook Pay which takes like 2 seconds to setup and at least its a payment via FB and at least have that, cause I believe somewhere in the Protect yourself from selling & buying they state about using 3rd party payments.

level 1

If they send it as friends/family through PayPal, there is no chargeback, the same with Facebook pay. I would assume Cashapp is also the same and Zelle .

level 1

Cash is always king, but if they have the money in an online account, it takes a few days to have access to the cash o that might be why they want to do it with those ways...transfer is instant to pay, but takes 2-3 days to transfer to their bank (I’ll never understand that)

level 1

I've had people try to pay with apps for more expensive items explaining that they don't have the cash right now and their app is linked to their credit card, etc. I won't allow payment with the apps. If the buyer honestly doesn't have the cash, someone else will. I agree - cash is king for local sales. I also don't allow bills larger than twenties (most counterfeit bills are fifties and hundreds). I also check at least a couple of the twenties with my counterfeit pen just to be sure.

Deciding where to sell your stuff to make more money can be overwhelming, but you can use an app you already have to declutter your home.

Facebook Marketplace works like apps such as Craigslist, Mercari and OfferUp. You can list practically anything right from your Facebook profile on a computer or mobile device: items you no longer have use for, vehicles for sale, rental properties — even a job for hire.

In this article, we’re going to take you through the steps to get started making extra cash with Facebook Marketplace.

Step 1: Access Facebook Marketplace

You can get to Facebook Marketplace from your smartphone or desktop. Just click the storefront icon to the left on your News Feed, or go directly to Facebook.com/marketplace.

What payments should I accept on Facebook Marketplace?

Step 2: Post Your Item

Click “Create New Listing” on the left side of your screen.

What payments should I accept on Facebook Marketplace?

Then choose the general category where your post belongs.

What payments should I accept on Facebook Marketplace?

After that, fill in the item details, including the specific category, price, location, description and pictures of the item. I listed a pair of shoes for $15 and waited for a message.

What payments should I accept on Facebook Marketplace?

If you don’t know how to price an item, research the competition by searching Facebook Marketplace to see what other people are asking. Buyers on Facebook Marketplace will often try to haggle with you to get a lower price, so keep that in mind.

If you are listing multiple items on a single post, setting the official post price at $1 and adding more details on individual pictures may attract potential buyers.

Important: Before you take pictures of the item you’re selling, you should clean it up to make it more appealing!

Step 3: Wait for Buyers

I waited a day and a half before I received any messages about my listing. After about a day, I lowered the price of the shoes I posted from $15 to $10 in an attempt to attract more interest.

Keep in mind that interested people will contact you via Facebook Messenger and comments, so check your account regularly to respond to prospective buyers quickly.

Facebook organizes the messages about your items under each post in the “Your Listings” section.

What payments should I accept on Facebook Marketplace?

You can widen the area where you want to sell or join local exchange groups if you want more people to see your listing. You may have to travel a little farther to meet a buyer, so keep your transportation costs in mind when broadening your post area.

Another way to get more people to see your wares is to list them on multiple platforms like Mercari, Craigslist and OfferUp. Doing this increases the chances of someone seeing your item and getting it sold more quickly.

If your post still isn’t attracting buyers, you can boost your post by making it an advertisement. Boosting a post is probably worth it only if you are selling a high-value item or many items that you’ve grouped together in a single listing.

To boost your post, set your budget, add the amount of time you want the ad to run, then pay Facebook. Facebook accepts credit, debit and PayPal, but it also gives you the option to link a bank account directly.

What payments should I accept on Facebook Marketplace?

Step 4: Arrange the Sale

Facebook doesn’t handle transactions, so you don’t pay a fee like you would on eBay. This means that you have to arrange payment with the buyer.

Facebook recommends PayPal or cash, but you can also use another person-to-person payment method like Venmo or Cash App. Whatever you choose, make sure that you communicate how you’d like to be paid with the buyer before you meet them.

Safety is another consideration when meeting someone to sell an item. Bringing someone with you and completing the transaction in a public area with people around are both recommended.

Facebook has a list of tips for safely buying and selling on their marketplace here.

Step 5: Mark It Sold!

This step is simple! Once you sell your item, click the “Mark as Sold” button so that people know it’s off the market.

What payments should I accept on Facebook Marketplace?

Have you used Facebook Marketplace or another platform to sell your stuff? Let us know in the comments below!

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  • 23 Easy Ways to Make Extra Money Right Now

What payment methods should I accept on Facebook Marketplace?

Local Pickup on Marketplace Don't transfer money directly into a seller's bank account. Instead, offer to use a secure person-to-person payment site, such as PayPal or sending and receiving money in Messenger.

Should I accept a check as payment on Facebook Marketplace?

Should I accept cashier's checks when selling something on Facebook Marketplace? To avoid scams, it's best not to accept cashier's checks when selling things on Facebook Marketplace. You should only accept payment in cash (where possible) and other reliable methods (e.g., PayPal, wire transfer).

How do I get paid through Facebook Marketplace?

In order to get paid, you must mark your item as shipped and enter a tracking number. You have 3 days to mark the order as shipped. Our system will automatically cancel the order if it hasn't been marked as shipped, regardless of any agreement made with the buyer.

Should you accept Venmo for Facebook Marketplace?

Keep your guard up when selling big items on Facebook Marketplace. The Better Business Bureau has received reports of scammers targeting sellers and using peer-to-peer payment apps such as Zelle, Venmo, Paypal and Cash App to steal their money.