New security changes to auction website eBay Australia will affect the way buyers purchase goods, and funnel more funds into its coffers.
Under the changes, direct deposits, money orders and personal cheques will no longer be listed as a payment option after June 17.
As a result, buyers will have only two options with which to pay: either cash-on-delivery, or via the online commerce website PayPal, which is owned by eBay.
PayPal accepts direct deposit or credit card payment on behalf of eBay sellers at a fee of between 1.1 and 2.4 per cent.
EBay defended the change, saying buyers were more likely to have problems with ‘offline’ payment options such as direct deposit…
