The 4 Best Ways To Receive Payments On Facebook Marketplace
Last Updated on by Bree
One of the best ways to receive payments when selling on the Facebook marketplace is through the app.
Never accept payment outside of Facebook.
Unless you’re meeting locally to exchange products for cash.
However, some buyers will try to convince you to accept payments outside the Facebook marketplace.
Which can be risky.
And some of them already have automated scam messages that they’d send to you claiming they paid for your item.
Please don’t fall for it.
This post will show you the safest ways to get paid as a seller on the Facebook marketplace.
Let’s dive in.
How to get paid on the Facebook Marketplace
Once you start a Facebook Marketplace store, make sure to do the following:
- Add your bank details to receive payments.
- And your address to create shipping labels. Always ship on the platform.
- You might also need to add your tax ID number after making certain sales on the marketplace.
Once you have these three things set up, a buyer cannot scam you of your money.
Though there might be one or two difficult customers, you won’t have buyers trying to steal your product.
I mean buyers who claimed they paid for your product and you didn’t get a payment notification.
And if you’re thinking it’s better to get paid outside the app because it’s faster, trust me, it’s not worth it.
Facebook Marketplace pays you once your buyer receives their purchase and rates you.
That’s why it’s important to enter your bank details.
The Marketplace doesn’t give you your funds as store credit.
It’s always a direct bank deposit.
And from my experience selling on the Facebook marketplace, you get paid within a day or two after the buyer rates you.
That said, let’s discuss other ways to receive payments on the Facebook marketplace.
And safety tips you must follow.
The 4 best ways to receive payments on Facebook Marketplace as a seller
When selling online, you sometimes wish you could get your money immediately.
But it’s not always a good idea as it can make you fall for scammers.
I recently cross-listed a laptop on Mercari, Facebook, and Poshmark.
And I noticed how scammers were asking to pay outside the platforms.
But I ignored most of them.
I finally sold the laptop on Mercari and received my payment safely on the platform.
Please read Can A Seller Get Scammed On Mercari? 7 Signs Of A Scammer.
But if you’re selling on Facebook, here are the safest ways to receive payments:
1. Receive payments and ship items through the Facebook Marketplace.
If you opt to receive payments through the Facebook Marketplace app, your buyer must pay on the platform.
And if they’re trying to scam you, the marketplace will detect it.
In short, it’s almost impossible for anyone to scam you when paying on the platform.
Most honest buyers don’t mind paying on the platform and waiting for you to ship the item.
So once they receive the item, Facebook takes its selling fee and pays your earnings into your bank account.
And you don’t need to wait or request that your funds be transferred.
Facebook Marketplace doesn’t keep your earnings as store credit, unlike other marketplaces.
So, to receive your money as soon as your buyer gets their product, add your bank details.
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2. You can receive cash payments if you sell locally
To get your money safely when selling on the marketplace, accept only cash.
That is, if you’re selling locally.
I recently sold a dining set on Facebook Marketplace, and the buyer came to my place to pick it up.
And he paid cash.
We also bought furniture from people who were moving out and had to go into their apartment to carry it.
The downside of selling and meeting to exchange products for money is that some people may have to come to your place to pick up their purchases.
But I believe the buyer is also as worried about their safety as you’re worried about yours.
But if that’s the only way, then make sure to have a friend or family member with you when your buyer comes over.
Also, look at the cash to make sure it is legit.
Some buyers carry fake money.
So, how do you avoid getting fake money?
3. Receive payments through Zelle if selling locally
Now, there might be times when you’d transact locally with a buyer.
And your buyer might not have cash in hand.
So they might prefer to pay you through Zelle.
Zelle is usually safe.
But scammers create fake Zelle notifications to deceive you.
We all know that Zelle transfers are fast and instant.
Also, Zelle notifications come through texts and emails.
They don’t go to your spam.
At least I’ve never had any Zelle transaction notifications go to spam before.
But scammers will ask you to check your spam email.
And you’d see a fake notification claiming a transfer was made to your account.
To avoid payment scams, only accept Zelle when you are selling and meeting locally.
That way, you can confirm whatever you need to confirm.
Or walk away if the deal seems fishy.
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4. Venmo is another way to safely receive payments on Facebook Marketplace when selling locally
Another safe way to accept payments on the Facebook marketplace is through Venmo.
Most people use either Zelle or Venmo for instant transfers.
So maybe you should install the Venmo app—if you don’t have it yet—to receive payments from buyers.
Again, only when selling locally.
I’d seriously avoid doing any online transactions outside the marketplace.
Because if you get scammed, Facebook Marketplace can’t help you.
I’m not even going to say you should call your bank to confirm payments.
It won’t make sense.
Besides, you’re the seller; you can say you only accept cash.
And if your buyer is serious about buying the item, they’d get cash before coming to you.
But if all that is too stressful for you, receive payments through the Facebook marketplace, whether you’re selling locally or not.
The only downside is that Facebook takes their commission before sending your money.
Which is very little compared to others.
But still, I think it’s better to pay the Facebook marketplace selling fee and get your funds than to be scammed outside the platform.
Again, if you must sell heavy stuff locally, always have someone to help you, or just for safety purposes.
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Frequently asked questions about the best ways to accept money on Facebook Marketplace
How do I avoid Facebook Marketplace fees?
To avoid Facebook marketplace fees, you can accept payments outside the platform.
Please only receive payments outside of Facebook if you’re meeting the buyer locally.
That way, your buyer is paying precisely the item’s listing price.
And you can receive your payments in cash or through online transfers like Zelle, Venmo, PayPal, etc.
Please be careful when meeting a buyer locally.
What is the safest form of payment when selling on Facebook Marketplace?
The safest form of payment when selling on Facebook Marketplace is through the platform itself.
Though you’d pay the Facebook Marketplace selling fees, you’d get your money without any silly games.
How do you know if a buyer is scamming you?
When a buyer is trying to scam you, they’ll offer to pay outside the platform.
And most of the time, they’re not in your area.
They’re not interested in meeting to exchange money for products.
And they’d offer a price higher than your listing to lure you into their scam trap.
At least, that was my experience.
The buyer offered to pay $1500 for a laptop I listed for $1200 or so.
And when we told them we hadn’t seen a payment or gotten any notification, they said to check our spam email.
We checked our spam email, and there it was.
A fake Zelle transfer notification.
Even when you trust them to send your money through Zelle, you’d never get an instant payment notification.
Also, the funds will never show up in your bank account.
And when you tell the buyer you haven’t seen the money, they’ll ask you to check your spam email.
At this point, tell them not to contact you anymore.
You’re uninterested in doing business with them.
And please block them.
How do I know if my Facebook Marketplace buyer is legit?
If your Facebook buyer is okay with paying on the platform, they’re most likely legit.
I’ve sold and shipped stuff on the Facebook marketplace.
And my buyers were okay with paying me on the platform.
And as soon as they received their purchases, my funds were transferred to my bank.
In conclusion
The best way to accept payment as a Facebook Marketplace seller is through the platform.
I’d only accept cash in hand, Zelle, or Venmo if I met the buyer locally.
PayPal may seem like an excellent way to receive payments, too.
But buyers can reverse payments on PayPal.
And you can get scammed out of your product.
Lastly, if you’re selling locally, be careful where and how you meet to transact business.
And make sure to meet in an open place like a gas station, shopping mall, etc.
Or if a buyer is coming to your place to pick up heavy items, always have someone with you.
Just in case.
And don’t be afraid to walk away from a transaction.
I hope this helps you sell and accept payments safely when selling on Facebook Marketplace.
And if you have any questions, leave them in the comments.
I’ll do my best to reply to them promptly.
If you enjoyed this post, please share it.
Thanks for reading.
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