Hello everybody yesterday we talked about 6 reasons why it’s so important to work with expensive items when you drop ship to eBay, but as I said in the previous article one of the problems when you work with expensive products is that it’s very dangerous and you can be scammed by other eBay buyers.
- It’s less fees per product.
- it’s much higher profits.
- Less customer support.
- Less competition.
- Lower PayPal fees compared to cheap products.
- High percent cover product’s fees over a long period of time.
I will not go over the things here so you can just check the previous article and get all this information. so which types of scams can happen when you work with expensive products on eBay and why it can happen?
Stolen CC (Credit Card)
The first thing is stolen credit cards, let’s say that someone went and just stole a credit card from another person and then he just added this to his eBay account and then they just ordering a lot of products, a lot of expensive products from you, in this case, you can just identify it by this that the buyer has a very low number of feedbacks usually because they just stole a credit card and then they are adding them to their buyer accounts.
Account hacked (can happen with any number of feedbacks)
The second thing is hacked accounts, sometimes any account with any number of feedback it doesn’t matter if this is a new account or very old buying account can be hacked by another person and then this person can just go and order from you expensive product to their houses, in this case, you can’t really know if this is a scam or not a scam and you can check the feedback to see that everything fine with this buyer but this is still a scammer because he just hacked the account.
How we can handle both of these cases and what are the steps that we must do to stay on the safe side when we work with expensive products on eBay?
How to avoid scams?
Number of feedbacks (should be at least 5)
The first thing is the number of feedbacks, usually if the buyer has less than five feedbacks so this will be a scam so just check the number of feedbacks if it’s less than 5 feedbacks you need to communicate with the buyer and check that this a real person, that this is not a stolen credit card ask the buyer some questions ask where is the address that he provided then compare the addresses of PayPal and eBay this way you will be on the safe side.
Wait one day before you ship the product (for ANY order over 400$, it gives time to the client to cancel)
The second step which I usually do when I work with expensive product is: NEVER ship expensive products immediately, I know that it’s better on eBay always to send the products on time but what I suggest is to block the auto ordering for products which are over $400 and wait one day before you ship these products, because in this day the buyer can change his mind or he can discover that his credit card was stolen and he can see that his eBay account was hacked and in this way you giving the client one full day to cancel the order and then you will be a safe.
Ask the supplier for a signature on the package (For Packages over 750$ sell price – PayPal’s Policy)
The next thing is asking the supplier for signature on the package, one of the things in PayPal Policies is that for products over $750 if the person who received the package did not sign that he received the package you will not be covered, this is why for any order over 750$ of the sale price you must ask the supplier to request a signature from the person who will receive the package, so if I work with Amazon and the product costs me for example $450 which is around 750$ on eBay; I will ask Amazon to get a signature from the person who gets the package, this is super important and this way will be covered on PayPal without it you will not have any seller protection from PayPal.
Check that the addresses on PayPal and eBay are the same.
The fourth thing and I think this is one of the most important things here is to compare the addresses, the address of PayPal and the address of eBay, if the buyer supply you on eBay an address but on PayPal you see something different you must communicate with the buyer and asking what happened, why the two addresses are different and tell him to cancel the order and create a new order with the same address as PayPal address this way you will be on the safe side.
So if you follow these 4 steps you can get really huge profits when you work with expensive products on eBay but you must be careful, you must follow all of these steps don’t run to place the order immediately just because you got an order and because it’s a huge profit, I know that when you have a huge profit you want to process the order immediately to keep the profit for you but it’s better to keep it on the safe side and go over all these steps.
This is about how to work with expensive products how to avoid scams I really suggest you to have around 20% of your store of expensive products this is super profitable and super important, I hope that you liked this video don’t forget to subscribe write in the comments if you had any kind of scams and how did you avoid them so other people can learn from you, also if you have any question just write it the comments section see you on the next article bye bye.