There are several ways for a transaction to take place after the close of auction. Below you'll find descriptions of different types of transaction including the pros and cons of each transaction method. We also provide an estimated turnaround time for the seller to receive funds in their bank account.

• Credit card: Many sellers online are able to accept credit cards. The way in which the credit card number is transmitted (by phone, email, or online) may not be entirely secure, and may put the buyer at risk of having their credit card number stolen.  Seller should received funds in 1-2 days.

  Pros		Cons
  This is a quick, efficient payment method for both buyer and seller.		Credit card fraud can happen online. Buyers should be careful about how they share their credit card information online.

• Money order: The buyer purchases a money order at a bank, convenience store, or check cashing center. There is a nominal fee involved, usually $.50-$4.00 depending on location.  Seller should received funds in 2 days.

  Pros		Cons
  Seller - This is a quick, easy way to receive payment. Money orders can be cashed at a bank, convenience store, or check cashing center.		Buyer - Besides paying a nominal fee, there's little that can be done to track the money once it is sent. If the payment is lost, the buyer loses their money and the auction item.

• Check: This is a more efficient way for avid buyers to pay for auctions. However, there is a delay in waiting for seller to receive and deposit check, and waiting for funds to clear from one bank to another.  Seller should received funds in 7-10 days.

  Pros		Cons
  Buyers - It's a more efficient form of payment. If seller deposits into a bank account, there is a way to track funds in the event of fraud. Unless buyer pays for checks, there's no nominal fee.		Buyer and seller both have to wait for the check to clear. For out-of-state checks this waiting period may be more than two weeks.