Advantages of a Pawn Shop Over eBay

August 13, 2020 - Pawn Resources

So, you have some items lying around your home that you want to sell? Great! You are just a few steps away from turning your items into cold hard cash. The first thing that you need to do when you want to make money by selling items around your house is to decide which method that you are going to use to sell your items.

Many people instinctively think of eBay when they consider selling household items. However, while eBay does allow you to sell things like watches, video game consoles, necklaces, cameras, musical instruments, and more, it is not the best way to do so. In fact, the best way to sell items from your home is through a pawn shop with the help of PawnGuru. In this blog, we will explain to you how PawnGuru works, and why selling items to pawn shops with the help of PawnGuru is much better than selling items on eBay.

What is PawnGuru and How Does it Work?

PawnGuru is a platform that allows anyone to sell their items to local pawn shops. All that you have to do is to post your item and you will receive cash offers from local pawn shops the very same day! This means that with the help of PawnGuru, it is literally possible to turn household items into cash in a matter of hours.

When you see an offer from a local pawn shop that you like, you can accept the offer. Then you drive to the local pawn shop with your item and exchange it for the agreed-upon amount of cash. It’s that easy!

Why is Selling to Pawn Shops Through PawnGuru Better Than eBay?

There are many reasons why selling to pawn shops is better than eBay. Here is a rundown of all of the top reasons:

1. No shipping

When you sell your items directly to pawn shops through PawnGuru, you do not have to deal with the hassle of getting a shipping address, going to the post office, waiting in line, trying to find the right size box, buying the box, buying stamps, etc. All that you have to do is drive the item right to a local pawn shop, just minutes away. The pawn shop will give you cash and you can put it right into your wallet or purse without ever having to go to the post office.

The fact that you don’t have to worry about shipping when you sell to pawn shops makes the process significantly more convenient. This means less stress for you, which is a very good thing!

2. Speed

An eBay auction can take days or even weeks to be completed. This means that you are going to have to wait for a significant amount of time before you get your money if you sell your item through eBay. This is an undesirable situation. The faster you get your money, the better! When you sell to a pawn shop through PawnGuru, you can have the money in your hands in a matter of hours. You don’t have to wait days or weeks for an auction to close. You just list your item on PawnGuru and pawn shops will bid on it very quickly. When you see an off you like, you simply accept it and drive to the local pawn shop to get your money. There is no extended wait time. The entire process can be completed within a matter of hours, and sometimes, even just minutes.

3. The option to pawn instead of sell

Say you have a beautiful golden necklace that you have owned for many years and that you are considering selling because you need money quickly. With eBay, you would have to sell the item in order to get access to money. However, with a pawn shop, you have the option to pawn the item. Pawning the item involves getting a loan for the value of the item in exchange for giving the pawn shop the item as collateral. You will then typically get thirty days to repay the loan plus interest.

So, with a pawn shop, you can get access to cash quickly without necessarily having to sell your item. As long as you repay the pawn shop the amount it loaned you plus interest within the agreed amount of time, then you will get your item back. This can help you to get out of a short-term financial jam.

4. Zero risk of being scammed

Despite the fact that eBay is a very large and popular platform, scams are still extremely common on the site. Many people think that only buyers can get scammed, but there are many ways that sellers of goods on eBay can get scammed as well. For example, scammers often offer to overpay for your item as long as you allow them to pay off of eBay. Then, they send you a fake check and you deliver your item. Days late, you realize that the check bounces and you have been scammed.

This is just one of many ways that scammers rip sellers off on eBay. Another way that scammers scam sellers on eBay is by claiming that they only sent them an empty box. In this scam, they file a dispute with eBay and lie to eBay, claiming that the seller did not actually send them the item that you promised to send them with their eBay listing. In this circumstance, eBay often demands that the seller refunds the buyer. Then the scammer keeps both the item and the refunded money, while they return the seller an empty box. This is a nightmare to deal with.

The overpay offer scam and the empty box scam are two of the most prominent scams that are used against sellers on eBay. However, unfortunately, there are many more. You can see a more detailed list of eBay scams that are commonly used here. Selling items to a pawn shop through PawnGuru allows you to reduce your risk of being scammed to zero. With this method, you know exactly who you are doing business with. It is not a stranger on the internet using an anonymous username: it is a pawn shop employee or owner at a physical location near your home. This makes it much safer to sell to a pawn shop then to sell on eBay.

5. No fees

Unlike eBay, PawnGuru does not charge any fees and neither do pawn shops. PawnGuru does not even ask you for a credit card number or your name. eBay on the other hand charges fees of anywhere from 2% to 10% of the sale price, depending on what you are selling. This means that you can get significantly more money for your items when you sell to a pawn shop with the help of PawnGuru.

Why would you want to waste money paying eBay’s fees when you don’t have to? Not to mention, when you sell to a pawn shop, they will pay you with cash! You won’t have to wait for checks to clear or for payments to be processed. You will get the cash in your hands as soon as you give the pawn shop your item.

Making the right decision

If you have never sold to a pawn shop before, then you might not feel entirely comfortable with the process at first. However, just because it is new does not mean that it isn’t the right choice for you! Pawn shops do not require you to ship your items through the mail, they enable you to make extremely fast transactions, they give you the option to pawn instead of sell, they present zero scam risks, and they do not charge fees when you sell to them.

All of these advantages mean that when it comes to selling your household items, pawn shops are far superior to eBay. Just imagine how devastated you would be if you attempted to sell a valued item on eBay such as a laptop or an iPad and the person who bought it from you attempted an empty box scam on you. Ask yourself if you are willing to deal with the risk of being scammed on eBay.

Many people who sell items to pawn shops are experiencing difficult financial circumstances. If you are in this situation, then being scammed on eBay could make an already difficult financial situation significantly more difficult. With pawn shops, you do not have to worry about this risk. All that you have to do is post your item for sale on PawnGuru. Then, trusted pawn shops in your local area will make bids. You can just sit back and choose the bid that you like the best. There is no risk of being scammed. This means that pawn shops can give you peace of mind.

If you would like to sell an item to a pawn shop, you can make an account with PawnGuru and post your item today. It takes mere minutes to get started, so why not get started today!?

David Stiebel

David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.

More Articles

Comments

Comments are now disabled