Payment Timeframe?

Discussion in 'General Business' started by dragons5, Jul 20, 2008.

  1. #1
    I am a buyer and a seller. Most of my activity here on DP is with buying. Sometimes I am around at the auctions end, other times I am gone for a few days (or just offline). The point is that I, myself, am not on the internet non-stop.

    That being said I recently just had a very volitile conflict with a template seller, who, through her stubbornness and lack of cooperation just lost all my business. Her complaint was that she stated the auction would end in 12 hours and that I continued bidding on other items. But that at the auction end I was unreachable by pm for 48 hrs. The seller then pmed me telling me I was 'no longer the winner' and posted in the thread reopening the auction. She then pm'ed me 24 hrs later demanding money or she would leave a neg itrader.

    That brings me to the point. An online auction can be considered a bilateral contract of sorts. You have the seller promising a product, condition etc.. in exchange for the promise of payment by the buyer. Now if there is no timeline for execution of the contract on the part of the buyer the law holds that a reasonable amount of time should be given. Auction houses like eBay and other places assume this amount of time to be 7-10 business days. (2 full weeks in real time).

    Its not just law, its a courtesy. A person is paying you (hopefully lots of) money for an item you should be giving them time to prepare for the transfer etc..

    Flipping it around the seller is also given a reasonable amount of time to transfer the goods/item to the buyer. Most the time in the case of physical goods this is associated with shipping timeframes, however, I wouldnt see where a digital goods supplier would be in jeopardy for a 1-2 day wait.

    http://answers.yahoo.com/question/index?qid=20070710121712AA02A4g&show=7
     
    dragons5, Jul 20, 2008 IP