Payment Methods & Checking Out
On Secondhand Cycle, the seller determines the acceptable payment method(s) for the items you have won at auction or purchased outright. Buyers can see the acceptable payment method(s) prior to buying or bidding. It is the responsibility of the buyer to ensure that they are able to make a payment according to the seller’s instructions. If a buyer is not comfortable using the specified payment method, they should not bid on or purchase the item.
Secondhand Cycle has made it easy for buyers and sellers to use credit cards for payment via our integrations with PayPal and Stripe. Using credit cards is easy, safe, and secure.
If the seller accepts PayPal, it means that they’ve created a PayPal account and can accept credit card payments. These payments then flow into the seller’s bank account. When it comes time to make a payment for an item, a buyer will fill out his or her credit card details directly on the PayPal website. If there’s ever a dispute, PayPal has a disputes team which can help you get your money back if needed.
If sellers have a Stripe account, they can choose to accept payment via credit card directly on Secondhand Cycle. This is because SHC has a direct integration with Stripe. Stripe is also how SHC collects fees from the seller for each successful sale. Stripe is a leading payments platform used by thousands of companies across the United States and internationally. To check out, the buyer simply enters credit card details on the invoice.
While Secondhand Cycle has integrated with Stripe and PayPal to make it easy to buyers and sellers to exchange funds for awesome cycling stuff, we are not directly involved in the transaction. The transaction takes place between the buyer and the seller through any mutually agreed upon payment method. As a buyer, you should take the proper precautions to avoid scams and dubious payment methods like Western Union and MoneyGram.
As always, if you have any questions, please don’t hesitate to contact us. We’re here to help.