Is there selling in credit on the online businesses?

[Xtynehappy]

For me l have never heard of any merchants that deals with the selling of products online on credit basis. So my question is does the online business allow selling on credit?

 

[eLdavis]

Yes there is, but it mainly depends on the seller and the platform being used. One reason why it is so rare is that majority of the online platforms out there, you can't make purchases or do anything until you have paid.

 

[freelancermaria]

Yes, there are many online stores here that sell on credit. They let customers acquire products and pay them in installments. It is popular among expensive items.

 

[Augusta]

Yes, why not if the customer is a trust worthy one. Why not. You can get credit but it is not easy to get one.

 

[Stardom22]

ln my country it's not possible for one to get such online stores in my country . All of the online stores requires everyone to deposit on the accounts before making any order.

 

[Augusta]

For me if I have an online business I won't want to sell on credit you can fall the business doing this.

 

[Suba]

In my country, almost all marketplaces provide credit sales or Paylater, so we can easily buy goods even though we currently don't have money, such as: Shopee Paylater, Kredivo, GoPay Paylater, Lazada Paylater, Ovo Paylate, Bibli Paylater, Atome, Travelo. All types of financing funds provide options that make it easier for us to pay in installments or cash when paying off debts.

 

[Augusta]

That's right that's how some businesses strive. You sell so that you can get your high turnover faster.

 

[Nomad]

All those who sell services, are already selling on credit as you will be paid only after you deliver your work

 

[Springtime]

Yes, there are online businesses here which sell on credit, but it's not common. In fact, most online businesses accept credit cards. To the buyer, it's a form of buying on credit term.

 

[Augusta]

All those who sell services, are already selling on credit as you will be paid only after you deliver your work

You are right that's why sometimes we get scammed you can submit your job and the person run with it. I have experience this once

 

[Nomad]

You are right that's why sometimes we get scammed you can submit your job and the person run with it. I have experience this once

That's why you need to use platform like escrow to secure your payment. If the payment is low, you can ask for upfront payment

 

[Augusta]

That's why you need to use platform like escrow to secure your payment. If the payment is low, you can ask for upfront payment

That's right that's the way to go. You need your funds deposited by the clients so that you don't just work for free

 

[Nomad]

That's right that's the way to go. You need your funds deposited by the clients so that you don't just work for free

The only problem with escrow is you cannot use it for small payment. They charge $20 disbursement fee which is very high if your transaction is less than $100.

 

[kerryjoy]

In my country, it's not feasible to find such online stores.

 

[Stardom22]

When l start my own online store, l would Strickly sell on the cash basis. That's because credit sales often drags the business backwards.

 

[Min George]

Selling on credit is something that is not really common with online businesses. That's because it is faceless.

 

[Stardom22]

I think the selling on credit basis especially on the online business sector requires the sellers to be very keen on that issue. That because most clients wouldn't be honest enough to honour the virtual payments.