Internet Trading

The internet is an awesome way to sell or get rid of stuff you don’t want anymore and generate a little extra cash when you need it. Of course when you need to buy it is also great for finding best prices, product comparisons and often a good bargain. That is especially true if you are willing to buy second hand from eBay or a local or international alternative. Everything from school uniforms to course books can now be purchased online. This kind of trade is optimal for student lifestyles in particular which are often mobile (nomadic even) and restricted to a tight budget.

Online Buying and Selling

The accountability of trade sights make them brilliant in that the posting of reviews brings both buyer and seller back to a time where ongoing transactions hinge upon a persons reputation. That means although legal recourse for an unhappy trade might be too much for the value of the trade, most people deal fairly by virtue of protecting their reputations. In fact the trade itself is the easy part. Making payment for these items using a credit card can negate the savings made. Receiving funds via a credit card is usually not an available option for the casual trader and again, fees incurred can significantly reduce profits.

Money Brokers

One way to get around the latter is to build the cost of fees into the reserve price. The former is surmountable by using the service of an online money broker. For those who aren’t yet familiar with these kinds of sights they are very similar to online banks in terms of sending and receiving money. The beautiful thing about these brokers is that they don’t limit you geographically, you can buy or sell anywhere in the world, and make regular payments as well. For example if you are an American studying overseas, or an overseas student studying in the US, you can still pay your bills back home without using expensive bank services. On the flip side you can regularly receive money from home without you or the sender incurring hefty charges.

While some sights require students to have and submit credit card details that is not true for all and the number of sights offering these services is increasing. That’s good news for the online banking consumer because up until now there haven’t been many options in terms of provider choice. As in any monopoly that has meant that providers have been able to charge exorbitantly for some services, freeze funds on a whim and decide all rules of engagement in their own favor. That made online transactions a bit risky in the past but the situation is improving with founding providers being called to task and newer providers offering more competitive rates and services.

Today it is possible to find online money brokers who require personal details within an easy setup structure but no more, not even credit card details. You deal only in funds that are available in your account. These sites allow the user to request or send money and pay for items purchased online but only if the funds are available in the account or a credit card is registered.

Shopping Online

Online academic stores are also becoming increasingly available online. These stores sell everything from pencils to software and hardware and they generally accept online payments via a broker site. That’s great news for purchasing school supplies. For the other things in life if someone needs to pay you for something all they need is an email address. For you to pay them all you need is an account. Opening an account at any of the money brokers we’ve visited is free and easy. Although admittedly easier with some than others, all were and are free.