How to Get Paid in the Process of Drop Shipping
At this point, everything about the drop ship process sounds easy and super cool, but the idea of how you are paid can confuse some people. The profit comes from the difference between your buying price and the selling price, how will you receive the cash?
If you are selling on auction sites like eBay, you can receive the money in any way from a money order, a personal check, pay pal etc. Now if you are using your own website, however, things can get a little harder, depending on the types of payment that you will accept but on my suggesting you always accept pay pal for payment medium.
How will You Get Paid:
[A]. When you sell an item through your blog or website, Always accept PayPal.
[B]. When you place the product order to supplier, pay with PayPal. The benefit of using this is that money is simply channeled to the hands to which they belong.
[C]. Your profit will be = [(Total amount of item sold through your site) – (Total amount of order placed to your supplier)].
Important Tips:
[1]. Further, you note that PayPal accepts all major credit cards, so people will be able to use their credit card.
[2]. Your PayPal account must be “PayPal Business account”, where you can do business under a company or group name. You can read my article Benefits of PayPal Business account by clicking the link. If you need a free PayPal Business account then follow the link.
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