The first member with eSwap adds an item for sale in his sale list by providing the title, description, rate, price,photo if any and shipping charges.
The second member who wish to buy an item can click on the first members sales listing to get all the related info on the product.
Next he pays for the item he wish to buy.The item is removed from the sales list.Buyer will have the option of paying directly to the seller or through eSwap with an escrow.If the buyer chooses escrow, buyer can pay using credit card, paypal or check/money order. The money comes to eSwap account. Also the first member can see the amount in his pending settlement section.
On receiving the amount in pending settlement section first user can ship his item to the second user.On getting confirmation from the second user about proper receipt of the shipped item, the admin clicks the settle account button to clear the pending settlement of first user. The cheques could be delivered bi-monthly after deducting the commission.
A percentage fee will be charged for sale items based on asking price.If the amount of sale is less than a preset amount (eg: $100),no fees is charged. |
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