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Advice You - Should You Clear Checks Before Posting Goods You Sell on eBay?
I wish I had a dollar for every time someone has asked me that question and that way I’d probably make more money than I’ve ever lost by posting goods before checks clear – or don’t clear as the
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
case might be!
It is a problem, especially for new eBay sellers – you don’t want to celebrate your first few sales on eBay only to find the checks bounce for goods you’ve already sent to winni
It is a problem, especially for new eBay sellers – you don’t want to celebrate your first few sales on eBay only to find the checks bounce for goods you’ve already sent to winni
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
ng bidders.
The problem for newcomers is one of fearing negative feedback for not delivering the goods immediately after payment arrives, even though checks take up to seven days to clear (or t
The problem for newcomers is one of fearing negative feedback for not delivering the goods immediately after payment arrives, even though checks take up to seven days to clear (or t
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
bounce!)
Thankfully, there are ways round the problem and I can honestly say I invariably send goods before checks clear and I’ve only ever been let down twice! For tiny amounts!
My view is
Thankfully, there are ways round the problem and I can honestly say I invariably send goods before checks clear and I’ve only ever been let down twice! For tiny amounts!
My view is
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
that most people are honest, few will bounce checks and, for small amounts (less than $20 in my books) I always send the goods without clearing checks first. The same goes for payments awaiting
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
clearance through PayPal. My philosophy has always been: it’s not worth making the honest majority wait for their goods just because a tiny few payments might be dishonoured. You need to keep
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
your good customers happy, lead them to buy from you again, and nothing works better than fulfilling the goods and trusting them to honour their side of the bargain.
That said, if a lot of mone
That said, if a lot of mone
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
y is involved (you must decide this level for yourself) or the buyer looks ‘iffy’, I break my own rule and let payment clear first.
With experience these are the rules I apply which you are fr
With experience these are the rules I apply which you are fr
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
e to copy in your business:
* Check buyer feedback, look for high feedback scores (100 plus) from sellers, look for any negatives or neutrals indicating payment disputes. Be wary of feedback
* Check buyer feedback, look for high feedback scores (100 plus) from sellers, look for any negatives or neutrals indicating payment disputes. Be wary of feedback
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
representing tiny amounts of money which might indicate your winning bidder has grown feedback fast on penny items to turn tail and scam subsequent sellers of more expensive items.
* Risk low
* Risk low
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
mounts to new buyers without high feedback scores, but not if feedback already indicates a problem customer. For example, I would never send goods money uncleared for anyone with negative feedb
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
ack or low positive feedback with plentiful negatives. Incidentally, you can program your listings to refuse bids from anyone with negative feedback scores, -1, -2, for example. The place to d
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
o this is in the ‘Buyer Requirements’ Section of the ‘Payment & Postage’ section of the selling process.
* Decide a maximum acceptable sum beyond which you will let all monies clear before sen
* Decide a maximum acceptable sum beyond which you will let all monies clear before sen
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ing the goods. I use $20 but I will go much higher for buyers with good feedback who have been registered on eBay for more than a few months and for anyone with whom I have already had a troubl
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
e-free transaction.
* Bear in mind banks charge you when payment fails, unlike PayPal where you won’t be charged. I recommend PayPal for all your transactions and, as for all of those derogat
* Bear in mind banks charge you when payment fails, unlike PayPal where you won’t be charged. I recommend PayPal for all your transactions and, as for all of those derogat
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
ry things being said and written about PayPal, I don’t believe any of it!
* There is one time I do clear checks before sending the goods. It’s when someone buys, the check hasn’t even arrived
* There is one time I do clear checks before sending the goods. It’s when someone buys, the check hasn’t even arrived
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
yet, and the winning bidder begins hassling me about delivery times or, worse still, threatens negative feedback if I don’t get the product to them fast. In my experience payment from people l
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ike this have always failed. I tend to ignore this rule for past buyers, and any long registered eBayers with good feedback, but not new eBayers or others with poor or no feedback.
There is a
There is a
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
roblem here, being new eBayers with low positive feedback, in which case I check feedback from people who’ve sold to them already. If those sellers also have low feedback, I smell a conspiracy,
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
if they are well-known sellers with lots of positive feedback, I relent and send the goods. BUT I NEVER SEND THE GOODS FAST WITHOUT CLEARING PAYMENT WHEN I AM THREATENED WITH NEGATIVE FEEDBACK
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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