Overstock Auctions Integrates with PayPal and Google Checkout
By Ina Steiner
Overstock.com integrated PayPal and Google Checkout on the Overstock Auctions platform this week. The integration lets buyers pay for Overstock Auction purchases using the online payment services, and works as follows.
After an auction is won, the buyer receives an email containing a link to a payment option page, where they will see the payment options available from the seller. The buyer selects a payment method and is directed offsite to the payment processor page, where they log in and complete the transaction. Once the transaction is completed, the buyer is redirected back to a "thank you" page on Overstock Auctions.
Combined invoicing is not supported, but Overstock.com said it is on the 2009 road map. In the meantime, sellers offering multiple purchase discounts must provide a manual invoice. Overstock will charge no additional fees to merchants for the integration, who will continue to pay merchant fees to PayPal and Google Checkout.
Overstock also changed its policy for Make It Mine sales (similar to eBay's Buy It Now feature). Previously a seller would have to increase the MIM price 1.5 times greater than the starting auction price. Now the requirement will only need to be one cent greater than the starting auction price.
About the author:
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to firstname.lastname@example.org.
You may quote up to 50 words of any article on the condition that you attribute the article to EcommerceBytes.com and either link to the original article or to www.EcommerceBytes.com.
All other use is prohibited.