Juniorsweet (juniorsweet) wrote in egl,

Is it wise to accept payment plans?

I've seen some sellers doing them, and I offer them myself, but I  have never done one. What I was thinking is that it would be okay, especially for the good of the buyer if they don't have the money right away. In your opinion, if there is one, what's the best way to conduct payment plans?

Or is it best to do a hold with a non-refundable deposit of some sort and then set a payment deadline for the rest before the item goes back up for sale (or some variation of this)?

Or just not allow payment plans or any variant of them? I ask the community because I have never done it before and would like to hear some advice from those of you who are in a position to know.
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