I saw from an advertisement that MOL AccessPortal Bhd (MOL) has collaborated with eBay with the proposal of integrating this MOL SafePay Escrow based service to the Malaysian marketplace. It is hoped that with this in place, fraud on eBay Malaysia will be drastically reduced.
Personally, I have not tried the service yet but from the feedback received by those who have tried it, this is a pretty hassle-free procedure.
There are calls for this service to be made compulsory for every Seller but as a Seller of low cost items, I don’t believe I would welcome this move. As mentioned, my items are cheap, for want of a better word. If it is made compulsory, is there anyone who would be willing to pay the service charge? I know I would not if I were the Buyer.
However, I say, make SafePay an optional service but compulsory if the ending bid is above MRY200, for example. For items as low as MYR20 - MYR150, I would not welcome having my money tied up by a third party.
I have a horrid scenario in my head that a Buyer could deny receiving the item and then what? Would the money be refunded to the Buyer while the Seller loses the item and will not see the payment? Let's wait and see for further developments.
Personally, I have not tried the service yet but from the feedback received by those who have tried it, this is a pretty hassle-free procedure.
There are calls for this service to be made compulsory for every Seller but as a Seller of low cost items, I don’t believe I would welcome this move. As mentioned, my items are cheap, for want of a better word. If it is made compulsory, is there anyone who would be willing to pay the service charge? I know I would not if I were the Buyer.
However, I say, make SafePay an optional service but compulsory if the ending bid is above MRY200, for example. For items as low as MYR20 - MYR150, I would not welcome having my money tied up by a third party.
I have a horrid scenario in my head that a Buyer could deny receiving the item and then what? Would the money be refunded to the Buyer while the Seller loses the item and will not see the payment? Let's wait and see for further developments.
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