But you must get the seller to agree to use the escrow service before you bid. Most sellers on eBay do not accept credit cards. But that may change. The site is encouraging sellers to use its new Billpoint service to accept credit card payments. Beyond auctions The nagging little problem about auctions is that, while they are unbeatable for bringing far-flung buyers into the marketplace, competition among the buyers drives up prices.
Someone is always willing to pay more.
Watch for auction sites to offer more assurance against fraud, and for more bargain-bin offerings as businesses learn to auction off leftovers directly to consumers. The Kiplinger Washington Editors, Inc.