Second-hand products merchant account and payment gateway

Websites such as eBay and Gumtree have become extremely popular because they allow people to sell their unwanted second-hand goods. Both eBay and Gumtree have had success for many years and will continue to do so for years to come. The following article covers how Paytriot Payments can support your business when taking online payments for second-hand products.

Electronics such as game consoles and mobile phones are the most popular second-hand products available because they have the resale value and are always in demand. People are likely to buy these products second hand as they are cheaper than the market value for the new versions of products, thus making them more affordable to customers. Additionally, some electronics may not be available to purchase as a new product after some time, making second-hand products their only option.

Second-hand products can also be luxury watches or jewellery that is being resold due its high value or rarity. Collectors are likely to invest in these products so that they can add to their collections. Antique products are also sold on second-hand sites, and they are in high demand to the older population.

Furniture is often sold on second-hand sites and those on a budget such as students will purchase this so that they can save money. The quality is often very similar to that of new furniture therefore making them a viable alternative.

Trainers have become a very popular item when looking at second-hand products and can be found on them easily. Trainers tend to sell out quickly which means second-hand products are the best option for those who want to purchase specific trainers, however they must pay a premium to get this. 

If you are looking to set up a website, where people can buy and sell second-hand products then contact Paytriot Payments. We will provide you with a merchant account which will allow you to accept credit and debit card payments, this account also allows these payments to be processed. You will also be registered on our payment gateway where you can track and monitor transactions. We also provide 3D secure, so we ensure all payments go through safely and securely, it also allows for fraudulent payments to be blocked.

Paytriot Payments is a UK based payment provider that provides merchant services to businesses looking to accept payments online or over the phone based in the UK and Europe. Paytriot is regulated by the Financial Conduct Authority (FCA) in the United Kingdom and is listed with Visa and MasterCard to process card payments directly.

 Our team have gained years of experience in multiple sectors in the industry and would be able to fully understand your business model whether your business sector is in a complex low risk or high-risk industry.