Facebook Marketplace is an add-on feature which allows users of the social platform to browse and buy, or sell, second hand, preloved, or brand new goods.
Built as an extension of Facebook, Marketplace uses your existing profile picture and your device location information to help create listings, with users able to quickly and easily upload things that they want to sell.
But what do you do when a user shows an interest in buying your product? And more importantly, how do you receive payment for this?
Most Common Forms of Payment on Marketplace
The way that Marketplace works is that buyers find listings via the platform, and then use the direct Marketplace Messenger chat inbox to communicate with the seller.
From there, how the sale, delivery or collection, and payment of the items works will depend on the preference of both parties.
The most common methods of payment include:
- BACS transfer prior to collection / pick up
- Cash on collection or pick up
- Payment after pick up / collection via an invoice
Regardless of how you choose to handle payment, the most important thing to remember is that while Marketplace is a great feature for those looking to both buy and sell products via Facebook, it can become a breeding ground for scams.
Take care to only send money to those who you know are selling a confirmed product, and only make payment when you have seen the product and know it is genuine.
We hope this helps!
