What payment method should I use on Facebook Marketplace?

There are potential financial implications of anything but cash now, if you get transferred $599 or more (like any time during the year) it's going to get reported as income now. So cash is best, with a pen if they bring you big bills. But legit people are not carrying around cash and there's only so much you can get from an ATM. So I'd consider that -- anything you sell anywhere, locally or otherwise, you might never actually see the money because of chargebacks. As long as you go in thinking that way, everything you get is gravy! Offer 2 options for payment, PayPal (captures older users/most users) and something else, for convenience, you don't have to do more than that. Use what seems convenient for you. When someone pays me that way for a local pickup, sometimes they do it before or as they arrive, and sometimes not until they get there, but I do check that it hit my account. Having notifications on for those apps is helpful to checking without waiting or coming off as weird.

You might find that people will take your stuff/come pick it up so it's no longer a burden to you but won't actually BUY it, so the whole thing might be moot. But that's why I might consider making it easy for someone to kick you back some $$ for it.

Deciding where to sell your stuff to make more money can be overwhelming, but you can use an app you already have to declutter your home.

Facebook Marketplace works like apps such as Craigslist, Mercari and OfferUp. You can list practically anything right from your Facebook profile on a computer or mobile device: items you no longer have use for, vehicles for sale, rental properties — even a job for hire.

In this article, we’re going to take you through the steps to get started making extra cash with Facebook Marketplace.

Step 1: Access Facebook Marketplace

You can get to Facebook Marketplace from your smartphone or desktop. Just click the storefront icon to the left on your News Feed, or go directly to Facebook.com/marketplace.

Step 2: Post Your Item

Click “Create New Listing” on the left side of your screen.

Then choose the general category where your post belongs.

After that, fill in the item details, including the specific category, price, location, description and pictures of the item. I listed a pair of shoes for $15 and waited for a message.

If you don’t know how to price an item, research the competition by searching Facebook Marketplace to see what other people are asking. Buyers on Facebook Marketplace will often try to haggle with you to get a lower price, so keep that in mind.

If you are listing multiple items on a single post, setting the official post price at $1 and adding more details on individual pictures may attract potential buyers.

Important: Before you take pictures of the item you’re selling, you should clean it up to make it more appealing!

Step 3: Wait for Buyers

I waited a day and a half before I received any messages about my listing. After about a day, I lowered the price of the shoes I posted from $15 to $10 in an attempt to attract more interest.

Keep in mind that interested people will contact you via Facebook Messenger and comments, so check your account regularly to respond to prospective buyers quickly.

Facebook organizes the messages about your items under each post in the “Your Listings” section.

You can widen the area where you want to sell or join local exchange groups if you want more people to see your listing. You may have to travel a little farther to meet a buyer, so keep your transportation costs in mind when broadening your post area.

Another way to get more people to see your wares is to list them on multiple platforms like Mercari, Craigslist and OfferUp. Doing this increases the chances of someone seeing your item and getting it sold more quickly.

If your post still isn’t attracting buyers, you can boost your post by making it an advertisement. Boosting a post is probably worth it only if you are selling a high-value item or many items that you’ve grouped together in a single listing.

To boost your post, set your budget, add the amount of time you want the ad to run, then pay Facebook. Facebook accepts credit, debit and PayPal, but it also gives you the option to link a bank account directly.

Step 4: Arrange the Sale

Facebook doesn’t handle transactions, so you don’t pay a fee like you would on eBay. This means that you have to arrange payment with the buyer.

Facebook recommends PayPal or cash, but you can also use another person-to-person payment method like Venmo or Cash App. Whatever you choose, make sure that you communicate how you’d like to be paid with the buyer before you meet them.

Safety is another consideration when meeting someone to sell an item. Bringing someone with you and completing the transaction in a public area with people around are both recommended.

Facebook has a list of tips for safely buying and selling on their marketplace here.

Step 5: Mark It Sold!

This step is simple! Once you sell your item, click the “Mark as Sold” button so that people know it’s off the market.

Have you used Facebook Marketplace or another platform to sell your stuff? Let us know in the comments below!

Other Clark.com Articles You May Like:

• ThredUP Review: How Does the App Work And Should You Use It?
• 49 Places to Sell Your Old Stuff for the Most Money
• 23 Easy Ways to Make Extra Money Right Now

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