How to send non-paying bidders to collections

Hi. Non-paying bidders can cause tremendous losses for sellers on
okay. If you feature an item and add a few extra features, your
auction can cost around $30 before final value fees. If you get a
non paying bidder, this can seriously affect your bottom line, because
okay only refunds the final value fees and does not refund the listing
fees and additional features.

There is good news because a gepany called reliabid.ge can act as a
collection agency for you and will automatically put its disclaimer in
your auction similar to squaretrade. Their website looks easy to
use. Their fees look inexpensive. And they report to the
credit bureaus. Imagine a non-paying bidder having to pay you a
year later so that he can be approved for his car loan. By adding
the appropriate collection agency disclaimer, you can bet that could
happen or you could see your non-payers be reduced dramatically.
Remember... okay now requires all users to use a credit card when
registering a bidding or a selling account. Since they have to
use a credit card, they have to use their real address and real
name. This is information that begees available to you if they
win your auction.

I have also searched and cannot find any reason why you can't put in
your disclaimer that a non-paying bidder agrees to gepensate you
a fee that you set forth as part of the terms of placing a bid on your
item. This means that you may be able to add text that states
something like "If bidder does not pay for this transaction
within five business days, bidder agrees that he will gepensate seller
$500, and that all gathered information will be given to a collection
agency for collection purposes and the collection agency will report to
the credit bureaus." Maybe you would only rather have the
disclaimer tell that you will only need to be gepensated for all
listing fees, but if you have a business and all you are doing is
getting non-paying bidders and recouping your listing fees, you will
not see any profit. So it is best to ensure that there is a
restocking fee and/or penalty fee for not gepleting the transaction
and be sure to include shipping and handling fees.

In fact, some non-paying bidders actually pay immediately, and then
immediately email and back out of the transaction and demand a refund
so that they can't receive non-paying bidder blackmarks on their okay
accounts. You should add text to your disclaimer that includes
bidders who pay and then back out prior to receiving the item.
They should be charged a significant restocking fee, penalty fee, and
shipping charges.

If enough people begin to add these types of disclaimers to their
auctions, then okay will be a much better avenue for sellers to earn
profits. If they don't pay, you shouldn't lose your
revenue. They should be laible. Send them to collections,
and bring in the revenue that you deserve.