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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (59102)	10/21/2016 7:10:25 AM
From: maceng2	Respond to of 71454

while you merely collect the transaction fee. That's what it's all about. The trouble is, that is exactly it. For an individual, it works out. I am talking about the total business model. Ebay is a good example, and I use ebay lots and lots. I buy from China and the Philippines, everywhere really. I consider the risk of the purchase carefully and rarely have a problem. One of the reasons I prefer to use ebay is that its is transparent and it is highly regulated. If I have problems I have an authority to go to and I also have a clear view of the other parties transaction history and reputation. In the event of a problem, and I have had a few, the problem is rarely on the quality of the goods, it's usually a problem with language and translation. In the event there is a disagreement, the pressure I can bring to bear on a seller in China, or anywhere, for a sub $10 item is enormous. As a seller, the fees are substantial, but you can check a buyers background easily. Once you stay within the system, and use common sense, problems are unlikely to occur unless you are selling something at above it's real perceived value. The dispute procedure kicks in. All business is based on trust. In some areas of business there is very little transparency or regulation. That is where any trust will quickly evaporate when problems occur. youtube.com