Here is a little information from eBay about why Paypal,Bank Transfer and Credit Card are preferable ways of making payments for online purchases:
PayPal
Send funds directly to a seller from a verified bank account or from a credit card
Advantages
* Immediate and convenient.
Payment is deposited directly into the seller's account.
You can pay directly from the item listing page.
* No requirement that you use your credit card (you can transfer money directly from your bank account).
* Sellers don't see your credit card number (it is safely encrypted through PayPal's server), which limits the risk of unauthorized use.
* Automatic payment tracking.
* PayPal Buyer Protection offered on qualifying items - up to $1,000 in free coverage.
* Additional limited protection offered through PayPal's Money Back Guarantee.
Learn more about using PayPal here:
http://pages.ebay.com/help/pay/sending-payments-paypal.html
Bank to Bank Wire Transfer
Advantages
* Payment is sent directly from one recognized bank account to another account.
* Immediate and convenient.
* Payment is deposited directly into the seller's account.
Disadvantages
* Payment is difficult to recover in cases of fraud.
Tip: If you are unsure about using this option, you can request the seller's contact information and verify that it is consistent with the information on the bank account.
--> Full details of how to pay by bank transfer for a Chinavasion wholesale electronics order can be found here:
http://support.chinavasion.com/index.php?_m=knowledgebase&_a=viewarticle&kbarticleid=1
In case refunds are necessary for Chinavasion orders which have been paid by bank transfer, Chinavasion is happy to arrange to transfer money back to your bank account or Paypal account. The same guarantees and refunds policies apply to all Chinavasion orders, regardless of whether they have been paid by Bank Transfer or Paypal.
The full article about the pros and cons of different payment methods can be found at Ebay:
http://pages.ebay.com/help/tp/payment-ov.html
Credit card
Advantages
* Very fast and user friendly way of paying
* No need to have any account at other payment processing web sites, payment is done directly on Chinavasion web site (only need to have VISA or MasterCard credit card)
* Very secure payment method (Credit Card Payment Channel uses the latest Encryption Technology of 128 bit SSL encryption with the highest security level and other security features)
* Chinavasion web site can't see your credit card number or other similar sensitive data!
* Available in almost all countries of the world (even those not covered by PayPal)
For more detailed explanation on Credit Card payment method please see more details about Payment Methods Accepted
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