LDBidz.Com

eBay has announced that, come next month, PayPal will not only be the preferred method of payment in the US, it will be virtually the only method, period.

Checks and money orders no longer allowed

What’s changing with payments on eBay?
Beginning in late October 2008, checks and money orders will no longer be allowed as payment methods on eBay. All items appearing on eBay.com must be paid for using either:

• PayPal (funded by PayPal account balance, credit card, debit card, bank account, PayPal Pay Later, PayPal Buyer Credit or eBay gift certificate)
• Credit or debit card payment to a seller (through a seller’s Internet merchant account)
• ProPay
• Payment upon pickup

In January 2009, all of the approved electronic payment methods will be integrated into eBay checkout. For example, if a seller offers credit or debit card as a payment option, buyers will be able to directly enter their credit card information securely in eBay checkout and their payment will be directly routed to the seller’s Internet merchant account.

We are also working with other electronic payment providers currently included in our Accepted Payments Policy to integrate their services into eBay checkout in 2009.

There goes your right to freedom of choice. I don’t exactly think this is legal and I don’t see why buyers and sellers aren’t running away from eBay as fast as their feet will carry them. Wake up people thats why there is LDBidz. No listing fees, a free store for all of you who like to sell with your own store front and very low FVF.

I’m not a rocket scientist and it doesn’t take a lot of brains to see that eBay, who by the way owns Paypal is building a monopoly and the results of their new policies are not in our interest but theirs.