@mexpo75 said:
I just looked and signed up. Seems like a great alternative. Does anyone have any negatives about myslabs?
there are quite a bit of complaints about myslabs. i tried them for a month but decided it wasn't for me. that doesn't make the site terrible though by any means.
most of the complaints derive from customer service/complaints regarding the unprofessionalism of the owner, taking weeks to get approved, once approved getting auto-banned because imported pics don't show the entire holder, search features, not being able to properly title variations, failing to end imported items from ebay that are sold thru site (think 4sc), sellers not getting notified they sold something which results in buyers being frustrated about not getting the item they ordered and so forth
my only complaint was there wasn't some sort of notification other than an email notifying me of a sale. i asked if there was some type of sms text notification i could get as well and got an attitude from the owner. that was enough for me though.
i've also bought several things off there and after 3 weeks of not getting the item (this was over 6 months ago) getting messages that the sellers also had no idea something was sold until a paypal dispute came thru. apparently myslabs sales emails going to spam folder or the persons junk email set up for things like this
don't get me wrong, i think it's a great concept. just needs tons of tweaks and not just there yet.
if selling, just know those sales count towards your taxable 200 / $20k threshold like ebay.
I'd love to believe that some enterprising young developer is out there and sees this as an opportunity. I'd be thrilled to support another platform that was purpose built for our hobby and corrected the mistakes Ebay made along the way.
Have you ever used hibid.com? I never have but just found them.
If you guys could design a site dedicated to trading cards, what would be things you would consider as key features as sellers? Buyers?
One idea I had was to force the items and payments through a clearing house. For example, you sell a card to a buyer and then ship the card to the auction house. The buyer sends the payment to the auction house. Then the auction house mails the card with insurance in the buyer's name to cover the purchase price. If the card fails to deliver/gets lost, the buyer can file a claim. That way the buyer and the seller are both protected.
I fund and own web start-up companies. If anyone here thinks there may be true demand for this, I'd like to put together a team to discuss the scope and potential involved. First obstacle: We'd need a significant number of sellers to sign up and then attract the buyers outside of this little collectors forum. You need a critical mass to get it moving.
Latest eBay sale slapped with a 14 percent fee...highest yet since I transitioned to managed payments on 1 December. First sales this month we’re closer to 13 percent, like the combined eBay and PayPal structure.
I have a few $1,000-plus items in the works that I intend to move once they’re in hand. I’ll do everything I can to avoid selling directly through eBay, most likely giving myslabs a shot, then if no luck going the consigning route. eBay doesn’t deserve hundreds in fees after this crap.
Not sure how/why it worked like this but I listed two cards for sale on ebay, I did nothing different. One ended up settling to PayPal and the other through managed payments. The PayPal sale was $770 and netted 745.80, or fee of 3.25. the other card sold at 215.50 and I have no data that suggests money will ever be sent to me or what the fees are. Both cards delivered yesterday and my paypal transaction is already in my local bank account. Ebay managed payments hasn't even told me funds have been released. Smh
@canyoubelieveit said:
If you guys could design a site dedicated to trading cards, what would be things you would consider as key features as sellers? Buyers?
One idea I had was to force the items and payments through a clearing house. For example, you sell a card to a buyer and then ship the card to the auction house. The buyer sends the payment to the auction house. Then the auction house mails the card with insurance in the buyer's name to cover the purchase price. If the card fails to deliver/gets lost, the buyer can file a claim. That way the buyer and the seller are both protected.
I fund and own web start-up companies. If anyone here thinks there may be true demand for this, I'd like to put together a team to discuss the scope and potential involved. First obstacle: We'd need a significant number of sellers to sign up and then attract the buyers outside of this little collectors forum. You need a critical mass to get it moving.
Any time I was dealing with cards/items $500 and up - I wished a service like this existed. Would definitely pay a little extra as the seller.
I would LOVE a platform that helped to separate the hobbyists from the opportunists. Some of us are out there looking to pay fair market price ranges for extremely well described items. Others are out here playing games and cutting corners because there is almost no downside to their crappy buying/selling behavior.
To that point, I think a service like this would need to have some mechanism in which the middleman confirms that an item is not only shipped as expected, but also matches the REQUIRED thorough description. Too many treasure hunter buyers make bad decisions and then compound their mistakes by becoming the worst type of sellers. For example, Jimmy buys a $50 Shaq Gold RC expecting it to look gem so he can get it graded and resell for 2k. But Jimmy gets the card in hand and it looks way less than gem, so now he weighs his options. Jimmy can initiate a crappy return where everyone loses a little and the card ships back and forth, which is risky in itself. Or Jimmy could try to resell this card, likely overstating its condition to try and get back even. This is a horrible cycle, but super common.
I don't expect the opportunism to ever go away, but it could very easily be segregated by requiring more accountability from both the buyer and seller. I would commit to NO RETURN as a buyer if I could be guaranteed delivery of the exact item I bought. And as a seller, I would commit to thorough and accurate description of every item + some standardized best practice packing & shipping + a clearing house.
My hunch is there are not enough honest sportscard hobbyists to make such a platform profitable. I think Ebay essentially came to the same conclusion years ago and that's part of the reason they allow all this to go on - because a transaction is a transaction and the more the more the merrier. Forcing integrity into the process only inhibits volume.
@DEFPOTEC said:
Latest eBay sale slapped with a 14 percent fee...highest yet since I transitioned to managed payments on 1 December. First sales this month we’re closer to 13 percent, like the combined eBay and PayPal structure.
I have a few $1,000-plus items in the works that I intend to move once they’re in hand. I’ll do everything I can to avoid selling directly through eBay, most likely giving myslabs a shot, then if no luck going the consigning route. eBay doesn’t deserve hundreds in fees after this crap.
kept trying to convey in another thread that the true fee percentage was 13.5%+ (depending which state) when it was all said and done, not the 12.5% as advertised by ebay.
@canyoubelieveit said:
If you guys could design a site dedicated to trading cards, what would be things you would consider as key features as sellers? Buyers?
One idea I had was to force the items and payments through a clearing house. For example, you sell a card to a buyer and then ship the card to the auction house. The buyer sends the payment to the auction house. Then the auction house mails the card with insurance in the buyer's name to cover the purchase price. If the card fails to deliver/gets lost, the buyer can file a claim. That way the buyer and the seller are both protected.
I fund and own web start-up companies. If anyone here thinks there may be true demand for this, I'd like to put together a team to discuss the scope and potential involved. First obstacle: We'd need a significant number of sellers to sign up and then attract the buyers outside of this little collectors forum. You need a critical mass to get it moving.
i think the major complaint w stockx is payment time. from the time you ship, it gets there, it gets "authenticated", processed for reshipping, your payment gets initiated and actually gets to your institution runs up to three weeks.
no chargebacks are nice, if it truly is that. curious what would happen if a scammer claims unauthorized use?
@DEFPOTEC said:
Latest eBay sale slapped with a 14 percent fee...highest yet since I transitioned to managed payments on 1 December. First sales this month we’re closer to 13 percent, like the combined eBay and PayPal structure.
I have a few $1,000-plus items in the works that I intend to move once they’re in hand. I’ll do everything I can to avoid selling directly through eBay, most likely giving myslabs a shot, then if no luck going the consigning route. eBay doesn’t deserve hundreds in fees after this crap.
kept trying to convey in another thread that the true fee percentage was 13.5%+ (depending which state) when it was all said and done, not the 12.5% as advertised by ebay.
As a Store subscriber and Top rated seller on managed payments, not counting the 30 cents per transaction fee, my fees are between 10.5(no tax state) to 11.5%(California).
I have been satisfied with managed payments. I do not sell modern so I don't deal with the headaches you guys do. I sold a couple lebron's that I bought in a deal and or course got a return request when the price dropped. and then sold again without issue for $300 less. I had no issue getting my final value fee back on the original sale.
It seems the biggest problems are in the ultra modern where there is a big chunk of the investors using the free option of returns. If a buyer is willing to do that , flat out scamming you can't be too far down the line when they already have questionable morals
@DEFPOTEC said:
Latest eBay sale slapped with a 14 percent fee...highest yet since I transitioned to managed payments on 1 December. First sales this month we’re closer to 13 percent, like the combined eBay and PayPal structure.
I have a few $1,000-plus items in the works that I intend to move once they’re in hand. I’ll do everything I can to avoid selling directly through eBay, most likely giving myslabs a shot, then if no luck going the consigning route. eBay doesn’t deserve hundreds in fees after this crap.
kept trying to convey in another thread that the true fee percentage was 13.5%+ (depending which state) when it was all said and done, not the 12.5% as advertised by ebay.
As a Store subscriber and Top rated seller on managed payments, not counting the 30 cents per transaction fee, my fees are between 10.5(no tax state) to 11.5%(California).
I have been satisfied with managed payments. I do not sell modern so I don't deal with the headaches you guys do. I sold a couple lebron's that I bought in a deal and or course got a return request when the price dropped. and then sold again without issue for $300 less. I had no issue getting my final value fee back on the original sale.
It seems the biggest problems are in the ultra modern where there is a big chunk of the investors using the free option of returns. If a buyer is willing to do that , flat out scamming you can't be too far down the line when they already have questionable morals
i'm all those things as well. 13.5%+ and sucks. well, did.
luckily i've found a consignor not entrenched in fbi investigations w decent customer service and banged out a flat fee below what ebay is charging either of us. did pretty decently on a small test run. so no more headaches. a nice side perk is that they still have access to the psa economy sub level.
you might have been in the initial wave and have the lower percent for now. apparently there was also an option, albeit very brief, if you enrolled and did not like the program that you could opt out. of course this might also explain that lower percentage point.
@canyoubelieveit said:
If you guys could design a site dedicated to trading cards, what would be things you would consider as key features as sellers? Buyers?
One idea I had was to force the items and payments through a clearing house. For example, you sell a card to a buyer and then ship the card to the auction house. The buyer sends the payment to the auction house. Then the auction house mails the card with insurance in the buyer's name to cover the purchase price. If the card fails to deliver/gets lost, the buyer can file a claim. That way the buyer and the seller are both protected.
I fund and own web start-up companies. If anyone here thinks there may be true demand for this, I'd like to put together a team to discuss the scope and potential involved. First obstacle: We'd need a significant number of sellers to sign up and then attract the buyers outside of this little collectors forum. You need a critical mass to get it moving.
I'd be in; I don't list real high end stuff on ebay for the many reasons above
I have to much S**t; so if you working on sets or are a player/team collector, send me your want list, with conditions desired. Keep in mind I have a another job so please allow me a few days to respond.
I am so confused where the 13.5%+ keeps coming from. When I go to ebay, not logged into my account and search help, this is what comes up with fees for managed payments sellers
as confused as i with the 10.5%. of course if you aren't logged in to your account, maybe you skipped over this message? i don't know. perhaps cards, like musical instruments are on different fee schedule? i do know that i don't sell much baby stuff though.
wouldn't rock the boat if you truly are getting 10.5%. i can assure you, all of us in the 13.5%+ boat aren't in cahoots against you.
here's the published rate i found. factor in the $.30 auto fee, the fact that you are charged the fee on buyers state sales tax and any applicable shipping charges and for avg $100 sales you are at the 13.5% rate. 13.5%+ if headed to cali.
and yes, i see the non-store disclaimer. which get to my frustrations of being told that at the end of each month i would get reimbursed 1% by a regular ol ebay rep. i have yet to get someone on the line w "managed payments" or get a phone call back as promised to get said reimbursement.
I said I wasn't logged in to point out it wasn't specific to my account. If I log in, it is the same. so you aren't on managed payments and it is costing you 13.5% . It seemed like we were talking about the fees for managed payments sellers as that was the focus of this thread. The rate I am paying isn't because I'm special, all managed payment store scribers pay the same thing.
you circled the correct thing , 12.35% all in. If you are a store subscriber, it is 11.5% all in , and then you get a 10% discount as a top rated seller. and cards are on the same schedule as antiques , art and baby items in case you were planning to list your diaper genie
I am paying less than paypal + the old ebay fee now in almost all cases. also if you give a full refund , you get the whole fee back, not like paypal that keeps their fee even if the buyer paid and immediately asks for a refund because they changed their mind.
the money is in my bank in 2 days almost all the time after payment. at first I was worried it would be longer but once you get going it isn't really a negative as you get a regular string of deposits. kind of like constantly sending in subs so that you get regular pops once you get past the initial 8 month wait
the one thing I have found that sucks with managed payments is if you have an order for multiple items and refund a single item, they don't give you the fee back. this will be addressed at some point I suspect.
we are talking about managed payments. and i am most certainly enrolled.
not that i need to, but look familiar? not sure where you got lost or why you think this is some big conspiracy. again, i would show you my seller hub for my managed payments enrollment, but guess what? that hasn't been made available to me either.
finally, if you look at the post right above your last one, it specifically shows and tells you exactly how it comes out to the 13.5% FOR THOSE ENROLLED IN MANAGED PAYMENTS.. i also explained the "supposed 1% fee reimbursement" at the end of each month that i have failed to receive in the last 5 months. at this point i just have to assume you are just trolling.
ok, guess sucks to be you and I can't argue that eBay doesn't like you and is taking advantage of you.
for everyone else who is trying to understand managed payments,
I can calculate to the penny my fees as laid out in the ebay fee section that you all can see for store subscribers in managed payments and it is less than before based on ebay's documentation. they take the 11.5% - 1% + 30 cents out of each transaction and credit my account the balance.
so worst case scenario I sell a card to a high 9% tax county in CA for 100
100*9% = 9
109 * 11.5% = 12.54
12.54 * 10% = 1.25 credit back for top rated
30 cent fee( this really shouldn't be included in the % calc but I will include it, it's actually cheaper since paypal was charging 40 cents a transaction)
end result
100 - 12.54 + 1.25 - .30 = 88.41
(100 - 88.41 ) / 100 = 11.59%(including the 30 cent fee, 11.29% no including it)
@canyoubelieveit said:
If you guys could design a site dedicated to trading cards, what would be things you would consider as key features as sellers? Buyers?
One idea I had was to force the items and payments through a clearing house. For example, you sell a card to a buyer and then ship the card to the auction house. The buyer sends the payment to the auction house. Then the auction house mails the card with insurance in the buyer's name to cover the purchase price. If the card fails to deliver/gets lost, the buyer can file a claim. That way the buyer and the seller are both protected.
I fund and own web start-up companies. If anyone here thinks there may be true demand for this, I'd like to put together a team to discuss the scope and potential involved. First obstacle: We'd need a significant number of sellers to sign up and then attract the buyers outside of this little collectors forum. You need a critical mass to get it moving.
isn't this what stockx is?
I'm not familiar with this site but it sounds like what I was thinking. It make sense that it would take a while to get the seller the funds since the sold product has to be authenticated first. This is good intel though. If a viable option exists, why do not more sellers go there and why has stockx not become more widely known?
it just launched last year i think. or at least added cards as an option to sell. i believe you can only list graded cards as well. it could take off, i just think the comparable fees of ebay coupled w a two-three weeks payout schedule is why it hasn't taken off i guess.
@beachbumcollecting said:
ok, guess sucks to be you and I can't argue that eBay doesn't like you and is taking advantage of you.
for everyone else who is trying to understand managed payments,
I can calculate to the penny my fees as laid out in the ebay fee section that you all can see for store subscribers in managed payments and it is less than before based on ebay's documentation. they take the 11.5% - 1% + 30 cents out of each transaction and credit my account the balance.
so worst case scenario I sell a card to a high 9% tax county in CA for 100
100*9% = 9
109 * 11.5% = 12.54
12.54 * 10% = 1.25 credit back for top rated
30 cent fee( this really shouldn't be included in the % calc but I will include it, it's actually cheaper since paypal was charging 40 cents a transaction)
end result
100 - 12.54 + 1.25 - .30 = 88.41
(100 - 88.41 ) / 100 = 11.59%(including the 30 cent fee, 11.29% no including it)
exactly what i and others have been trying to convey. we can do basic math as well and it's funny how everyone else comes up w that 13.5% figure.
and yes, you rule. you are the supreme ebay fee master.
thanks man, as always such a nice pleasant informative discussion when you are involved. why would anyone try to add any info to the boards when you have it all.
@beachbumcollecting said:
thanks man, as always such a nice pleasant informative discussion when you are involved. why would anyone try to add any info to the boards when you have it all.
well when it comes to my fees on ebay, i'm pretty sure i'm a little more informed than you. just like you are with yours. you just failed to comprehend what was clearly explained both in words and basic pictorial form numerous times through numerous threads by numerous people. to the point it got old. heck, just recently somehow you thought that i wasn't even in managed payments. that was my favorite part. i can just picture ya saying to yourself "what an idiot" only to realize just how easily confused you are and the back fire. it's all there. reread it. and perhaps next time, re-read it first and fully comprehend it prior to making a fool of yourself.
other than that and an attempt to steer us away from anymore jabs, how about the washington football team?
Gets old..... When was this last discussed. 2 months ago? Guess it’s gettin old. ..... you are preaching that it doesn’t work. I am giving new people reading this thread the knowledge it does work.
Posting on this board is a waste when no one can speak without getting attacked by you. So if I have anything to share, I’ll keep it to myself going forward because getting attacked by you is getting old as well......
@beachbumcollecting said:
Gets old..... When was this last discussed. 2 months ago? Guess it’s gettin old. ..... you are preaching that it doesn’t work. I am giving new people reading this thread the knowledge it does work.
Posting on this board is a waste when no one can speak without getting attacked by you. So if I have anything to share, I’ll keep it to myself going forward because getting attacked by you is getting old as well......
Congratulations, You are supreme cu board master
who else is only getting charged 10.5% - 11.5% actually in ebay managed payments here, please raise your hand?
(i'll wait)
in the meantime, keep informing folks of false facts. and correct me if i'm wrong here, but wasn't the convo respawned by you w/ something along the lines of "i just don't get how folks are getting charged 13.5%" to which it was explained to you (again). your question was also posed right after ANOTHER member stated his bottom line was 13.5% as well.
in the end, you asked a question that was already previously discussed but you still didn't like the answers w proof, got confused again and started hurling insults.
but yes you are special. and i'm not saying you're "special ed" kinda special either or taking a jab. if you are getting 10.5% i'm proud of you seriously. i sure wish i were. but i am not. and neither is anyone else that's been enrolled or fixing to be enrolled. perhaps just accept that you are special and appreciate it vs becoming argumentative because i can assure you as time goes on more and more people will be posting about their true, non-special 13.5% rate. just like i did months ago and someone else did today. we call this a "trend". 😉
yes Marcellas. yeah , we good (sorry couldn't resist the movie reference)
I am on a private board where other sellers seem to agree with what I am saying. not to get back into arguing
**honestly for everyone's sanity on this matter , it would be interesting to post snips of their transaction log because if enough people's logs look like yours and not mine , you should file with the BBB or bring it to a class action attorney. **
this is some recents with high and low dollar sales, take off the 30 cents and all are around the 11% range, rarely do I get anyone who doesn't pay tax
My most recent sale was 10.56%. $14.79 total fees on a $140 sale. Benefited from the buyer being in Oregon with no sales tax. Normally somewhere in the 11% to 12% range.
to steer this in a more productive direction, can you go further into just how you get the 1% store discount (or whatever your percentage rate was for you when you enrolled)?
is it done automatically on each item sold or do you actually get a deposit at the end/beginning of each month or is it a credit towards next months fees or what?
@blurryface said:
to steer this in a more productive direction, can you go further into just how you get the 1% store discount (or whatever your percentage rate was for you when you enrolled)?
is it done automatically on each item sold or do you actually get a deposit at the end/beginning of each month or is it a credit towards next months fees or what?
it comes off each transaction before I get my deposit. Here is the detail of the first transaction from the log I posted
@blurryface said:
you get the $.30 fee credited back too?
no , don't get the 30 cent creditied
original FVF was $26.09(sale plus shipping was 214.25, tax was 12.60). 23.48 is the adjusted fee plus the 30 cent fee
@blurryface said:
you get the $.30 fee credited back too?
no , don't get the 30 cent creditied
original FVF was $26.09(sale plus shipping was 214.25, tax was 12.60). 23.48 is the adjusted fee plus the 30 cent fee
gotcha. trying to find that fee breakdown page. as of now, what i have available is pretty elementary as i still don't have a sellers hub page like before. i basically have a window on quarter of a page that basically just shows the last few items what sold, what i was paid and when payouts are initiated. no answers yet when that proper page layout/full sellers hub will be available.
i can generate a individual report but that can take up to 48hrs. to get.
lemme ask another question, are your shipping fees taken out of your payment or are those paid via paypal or charged to your monthly account?
because right now, it's taking them out of my balance but also seems to be charging me via monthly invoice like the good old days when you paid your fees:
I'm going to agree with everyone. Everyone is showing tons and tons of complicated numbers etc........ This whole process seems 10X harder than it needs to be. It is truly complicated for real. Sometimes people/companies overwhelm you with a million bits of info so that they can scam you because you simply can't keep up with a million different fees on each transaction. Charging fees on shipping, taxes and everything else does not help either. I consider myself reasonably well educated; but when a company makes a million changes I can not keep up with them all. Blurry shows where they are invoicing the shipping..... that is not what was supposed to happen. It is supposed to be deducted from the amount received. So that is obviously something different and confusing. Folks getting that 10% top rated discount have to offer 1 day shipping and "FREE" 30 day returns from my understanding. Forget that crap.
Considering how brutal shipping is... especially with eBay's GSP international shipping (expensive and very slow)... it is cruel to charge a fee on shipping. Talk about greed and death by a thousand fees.
More data for the discussion. I’m one of those complaining about higher fees. I’m definitely not a top seller, as you can tell by the limited number of sales. Here’s my breakdown for the month:
Sale Date: 26 December
Destination: Canada
Total: $155.00
Fee: $22.00
Percent: 14.19
Sale Date: 14 December
Destination: Australia
Total: $1,350.00
Fee: $182.30
Percent: 13.50
Sale Date: 11 December
Destination: Massachusetts
Total: $238.50
Fee: $31.57
Percent: 13.24
Sale Date: 5 December
Destination: Florida
Total: $60.00
Fee: $7.71
Percent: 12.85
Sale Date: 5 December
Destination: Minnesota
Total: $55.00
Fee: $7.60
Percent: 13.82
Sale Date: 2 December
Destination: New York
Total: $300.00
Fee: $40.36
Percent: 13.45
Add it all up and the combined fee is $291.54 on $2,158.50 in sales, translating to 13.51 percent. Not a huge difference in the end: about $10 more than I’d have paid under the old structure and $20 more than I should be paying based on the advertised 12.45 figure. But that, combined with the fact the funds don’t show up in my bank account for four days instead of being available in my PayPal instantly, and I’m not thrilled. Maybe it’s just random luck because I happen to be selling to buyers in high-sales tax locales? But New York has a relatively low sales tax, yet I was hit with 13.45 percent.
Once again I’ll state eBay wants so desperately to be Amazon. That does not work for commodities. Invest in other sites with your listing and buying where you can.
Maybe it’s just random luck because I happen to be selling to buyers in high-sales tax locales? But New York has a relatively low sales tax, yet I was hit with 13.45 percent.
I think the people in New York City paying 8.75% sales tax would disagree with this statement LOL
@beachbumcollecting said:
Maybe it’s just random luck because I happen to be selling to buyers in high-sales tax locales? But New York has a relatively low sales tax, yet I was hit with 13.45 percent.
I think the people in New York City paying 8.75% sales tax would disagree with this statement LOL
The state sales tax rate is only 4 percent. That’s quite low. That doesn’t include local taxes, though. New York City piles on. Not applicable here, though, as the buyer isn’t in the city.
I believe as a non-store non Top Rated seller in managed payments, you are paying 12.35% on the total which will get you to 13+% almost every time except for Florida, Oregon and a few others. They are really pushing you to the store and to accept free returns to get the 10% discount if you sell any kind of volume
I have to much S**t; so if you working on sets or are a player/team collector, send me your want list, with conditions desired. Keep in mind I have a another job so please allow me a few days to respond.
Comments
https://myslabs.com
TY
Ill look and c
1948-76 Topps FB Sets
FB & BB HOF Player sets
1948-1993 NY Yankee Team Sets
I just looked and signed up. Seems like a great alternative. Does anyone have any negatives about myslabs?
I closed my Ebay selling account after all the return issues related to Project 2020.
I had zero returns for the past 20 years until I had multiples this year. Never again.
My Slabs looks promising. Also, I am sending a 20 card order to COMC in January.
there are quite a bit of complaints about myslabs. i tried them for a month but decided it wasn't for me. that doesn't make the site terrible though by any means.
most of the complaints derive from customer service/complaints regarding the unprofessionalism of the owner, taking weeks to get approved, once approved getting auto-banned because imported pics don't show the entire holder, search features, not being able to properly title variations, failing to end imported items from ebay that are sold thru site (think 4sc), sellers not getting notified they sold something which results in buyers being frustrated about not getting the item they ordered and so forth
my only complaint was there wasn't some sort of notification other than an email notifying me of a sale. i asked if there was some type of sms text notification i could get as well and got an attitude from the owner. that was enough for me though.
i've also bought several things off there and after 3 weeks of not getting the item (this was over 6 months ago) getting messages that the sellers also had no idea something was sold until a paypal dispute came thru. apparently myslabs sales emails going to spam folder or the persons junk email set up for things like this
don't get me wrong, i think it's a great concept. just needs tons of tweaks and not just there yet.
if selling, just know those sales count towards your taxable 200 / $20k threshold like ebay.
I have not sold on eBay for over 3 months and I am not going back. It is a clown show especially in this new market of “investors”
Have you ever used hibid.com? I never have but just found them.
If you guys could design a site dedicated to trading cards, what would be things you would consider as key features as sellers? Buyers?
One idea I had was to force the items and payments through a clearing house. For example, you sell a card to a buyer and then ship the card to the auction house. The buyer sends the payment to the auction house. Then the auction house mails the card with insurance in the buyer's name to cover the purchase price. If the card fails to deliver/gets lost, the buyer can file a claim. That way the buyer and the seller are both protected.
I fund and own web start-up companies. If anyone here thinks there may be true demand for this, I'd like to put together a team to discuss the scope and potential involved. First obstacle: We'd need a significant number of sellers to sign up and then attract the buyers outside of this little collectors forum. You need a critical mass to get it moving.
I would get involved.
Latest eBay sale slapped with a 14 percent fee...highest yet since I transitioned to managed payments on 1 December. First sales this month we’re closer to 13 percent, like the combined eBay and PayPal structure.
I have a few $1,000-plus items in the works that I intend to move once they’re in hand. I’ll do everything I can to avoid selling directly through eBay, most likely giving myslabs a shot, then if no luck going the consigning route. eBay doesn’t deserve hundreds in fees after this crap.
Not sure how/why it worked like this but I listed two cards for sale on ebay, I did nothing different. One ended up settling to PayPal and the other through managed payments. The PayPal sale was $770 and netted 745.80, or fee of 3.25. the other card sold at 215.50 and I have no data that suggests money will ever be sent to me or what the fees are. Both cards delivered yesterday and my paypal transaction is already in my local bank account. Ebay managed payments hasn't even told me funds have been released. Smh
Kirby Puckett Master Set
Any time I was dealing with cards/items $500 and up - I wished a service like this existed. Would definitely pay a little extra as the seller.
I would LOVE a platform that helped to separate the hobbyists from the opportunists. Some of us are out there looking to pay fair market price ranges for extremely well described items. Others are out here playing games and cutting corners because there is almost no downside to their crappy buying/selling behavior.
To that point, I think a service like this would need to have some mechanism in which the middleman confirms that an item is not only shipped as expected, but also matches the REQUIRED thorough description. Too many treasure hunter buyers make bad decisions and then compound their mistakes by becoming the worst type of sellers. For example, Jimmy buys a $50 Shaq Gold RC expecting it to look gem so he can get it graded and resell for 2k. But Jimmy gets the card in hand and it looks way less than gem, so now he weighs his options. Jimmy can initiate a crappy return where everyone loses a little and the card ships back and forth, which is risky in itself. Or Jimmy could try to resell this card, likely overstating its condition to try and get back even. This is a horrible cycle, but super common.
I don't expect the opportunism to ever go away, but it could very easily be segregated by requiring more accountability from both the buyer and seller. I would commit to NO RETURN as a buyer if I could be guaranteed delivery of the exact item I bought. And as a seller, I would commit to thorough and accurate description of every item + some standardized best practice packing & shipping + a clearing house.
My hunch is there are not enough honest sportscard hobbyists to make such a platform profitable. I think Ebay essentially came to the same conclusion years ago and that's part of the reason they allow all this to go on - because a transaction is a transaction and the more the more the merrier. Forcing integrity into the process only inhibits volume.
kept trying to convey in another thread that the true fee percentage was 13.5%+ (depending which state) when it was all said and done, not the 12.5% as advertised by ebay.
isn't this what stockx is?
i think the major complaint w stockx is payment time. from the time you ship, it gets there, it gets "authenticated", processed for reshipping, your payment gets initiated and actually gets to your institution runs up to three weeks.
no chargebacks are nice, if it truly is that. curious what would happen if a scammer claims unauthorized use?
As a Store subscriber and Top rated seller on managed payments, not counting the 30 cents per transaction fee, my fees are between 10.5(no tax state) to 11.5%(California).
I have been satisfied with managed payments. I do not sell modern so I don't deal with the headaches you guys do. I sold a couple lebron's that I bought in a deal and or course got a return request when the price dropped. and then sold again without issue for $300 less. I had no issue getting my final value fee back on the original sale.
It seems the biggest problems are in the ultra modern where there is a big chunk of the investors using the free option of returns. If a buyer is willing to do that , flat out scamming you can't be too far down the line when they already have questionable morals
i'm all those things as well. 13.5%+ and sucks. well, did.
luckily i've found a consignor not entrenched in fbi investigations w decent customer service and banged out a flat fee below what ebay is charging either of us. did pretty decently on a small test run. so no more headaches. a nice side perk is that they still have access to the psa economy sub level.
you might have been in the initial wave and have the lower percent for now. apparently there was also an option, albeit very brief, if you enrolled and did not like the program that you could opt out. of course this might also explain that lower percentage point.
I'd be in; I don't list real high end stuff on ebay for the many reasons above
I have to much S**t; so if you working on sets or are a player/team collector, send me your want list, with conditions desired. Keep in mind I have a another job so please allow me a few days to respond.
I am so confused where the 13.5%+ keeps coming from. When I go to ebay, not logged into my account and search help, this is what comes up with fees for managed payments sellers
as confused as i with the 10.5%. of course if you aren't logged in to your account, maybe you skipped over this message? i don't know. perhaps cards, like musical instruments are on different fee schedule? i do know that i don't sell much baby stuff though.
wouldn't rock the boat if you truly are getting 10.5%. i can assure you, all of us in the 13.5%+ boat aren't in cahoots against you.
here's the published rate i found. factor in the $.30 auto fee, the fact that you are charged the fee on buyers state sales tax and any applicable shipping charges and for avg $100 sales you are at the 13.5% rate. 13.5%+ if headed to cali.
and yes, i see the non-store disclaimer. which get to my frustrations of being told that at the end of each month i would get reimbursed 1% by a regular ol ebay rep. i have yet to get someone on the line w "managed payments" or get a phone call back as promised to get said reimbursement.
I said I wasn't logged in to point out it wasn't specific to my account. If I log in, it is the same. so you aren't on managed payments and it is costing you 13.5% . It seemed like we were talking about the fees for managed payments sellers as that was the focus of this thread. The rate I am paying isn't because I'm special, all managed payment store scribers pay the same thing.
you circled the correct thing , 12.35% all in. If you are a store subscriber, it is 11.5% all in , and then you get a 10% discount as a top rated seller. and cards are on the same schedule as antiques , art and baby items in case you were planning to list your diaper genie
I am paying less than paypal + the old ebay fee now in almost all cases. also if you give a full refund , you get the whole fee back, not like paypal that keeps their fee even if the buyer paid and immediately asks for a refund because they changed their mind.
the money is in my bank in 2 days almost all the time after payment. at first I was worried it would be longer but once you get going it isn't really a negative as you get a regular string of deposits. kind of like constantly sending in subs so that you get regular pops once you get past the initial 8 month wait
the one thing I have found that sucks with managed payments is if you have an order for multiple items and refund a single item, they don't give you the fee back. this will be addressed at some point I suspect.
we are talking about managed payments. and i am most certainly enrolled.
not that i need to, but look familiar? not sure where you got lost or why you think this is some big conspiracy. again, i would show you my seller hub for my managed payments enrollment, but guess what? that hasn't been made available to me either.
finally, if you look at the post right above your last one, it specifically shows and tells you exactly how it comes out to the 13.5% FOR THOSE ENROLLED IN MANAGED PAYMENTS.. i also explained the "supposed 1% fee reimbursement" at the end of each month that i have failed to receive in the last 5 months. at this point i just have to assume you are just trolling.
ok, guess sucks to be you and I can't argue that eBay doesn't like you and is taking advantage of you.
for everyone else who is trying to understand managed payments,
I can calculate to the penny my fees as laid out in the ebay fee section that you all can see for store subscribers in managed payments and it is less than before based on ebay's documentation. they take the 11.5% - 1% + 30 cents out of each transaction and credit my account the balance.
so worst case scenario I sell a card to a high 9% tax county in CA for 100
100*9% = 9
109 * 11.5% = 12.54
12.54 * 10% = 1.25 credit back for top rated
30 cent fee( this really shouldn't be included in the % calc but I will include it, it's actually cheaper since paypal was charging 40 cents a transaction)
end result
100 - 12.54 + 1.25 - .30 = 88.41
(100 - 88.41 ) / 100 = 11.59%(including the 30 cent fee, 11.29% no including it)
I'm not familiar with this site but it sounds like what I was thinking. It make sense that it would take a while to get the seller the funds since the sold product has to be authenticated first. This is good intel though. If a viable option exists, why do not more sellers go there and why has stockx not become more widely known?
it just launched last year i think. or at least added cards as an option to sell. i believe you can only list graded cards as well. it could take off, i just think the comparable fees of ebay coupled w a two-three weeks payout schedule is why it hasn't taken off i guess.
exactly what i and others have been trying to convey. we can do basic math as well and it's funny how everyone else comes up w that 13.5% figure.
and yes, you rule. you are the supreme ebay fee master.
thanks man, as always such a nice pleasant informative discussion when you are involved. why would anyone try to add any info to the boards when you have it all.
well when it comes to my fees on ebay, i'm pretty sure i'm a little more informed than you. just like you are with yours. you just failed to comprehend what was clearly explained both in words and basic pictorial form numerous times through numerous threads by numerous people. to the point it got old. heck, just recently somehow you thought that i wasn't even in managed payments. that was my favorite part. i can just picture ya saying to yourself "what an idiot" only to realize just how easily confused you are and the back fire. it's all there. reread it. and perhaps next time, re-read it first and fully comprehend it prior to making a fool of yourself.
other than that and an attempt to steer us away from anymore jabs, how about the washington football team?
Gets old..... When was this last discussed. 2 months ago? Guess it’s gettin old. ..... you are preaching that it doesn’t work. I am giving new people reading this thread the knowledge it does work.
Posting on this board is a waste when no one can speak without getting attacked by you. So if I have anything to share, I’ll keep it to myself going forward because getting attacked by you is getting old as well......
Congratulations, You are supreme cu board master
who else is only getting charged 10.5% - 11.5% actually in ebay managed payments here, please raise your hand?
(i'll wait)
in the meantime, keep informing folks of false facts. and correct me if i'm wrong here, but wasn't the convo respawned by you w/ something along the lines of "i just don't get how folks are getting charged 13.5%" to which it was explained to you (again). your question was also posed right after ANOTHER member stated his bottom line was 13.5% as well.
in the end, you asked a question that was already previously discussed but you still didn't like the answers w proof, got confused again and started hurling insults.
but yes you are special. and i'm not saying you're "special ed" kinda special either or taking a jab. if you are getting 10.5% i'm proud of you seriously. i sure wish i were. but i am not. and neither is anyone else that's been enrolled or fixing to be enrolled. perhaps just accept that you are special and appreciate it vs becoming argumentative because i can assure you as time goes on more and more people will be posting about their true, non-special 13.5% rate. just like i did months ago and someone else did today. we call this a "trend". 😉
we good?
yes Marcellas. yeah , we good (sorry couldn't resist the movie reference)
I am on a private board where other sellers seem to agree with what I am saying. not to get back into arguing
**honestly for everyone's sanity on this matter , it would be interesting to post snips of their transaction log because if enough people's logs look like yours and not mine , you should file with the BBB or bring it to a class action attorney. **
this is some recents with high and low dollar sales, take off the 30 cents and all are around the 11% range, rarely do I get anyone who doesn't pay tax
My most recent sale was 10.56%. $14.79 total fees on a $140 sale. Benefited from the buyer being in Oregon with no sales tax. Normally somewhere in the 11% to 12% range.
to steer this in a more productive direction, can you go further into just how you get the 1% store discount (or whatever your percentage rate was for you when you enrolled)?
is it done automatically on each item sold or do you actually get a deposit at the end/beginning of each month or is it a credit towards next months fees or what?
it comes off each transaction before I get my deposit. Here is the detail of the first transaction from the log I posted
you get the $.30 fee credited back too?
no , don't get the 30 cent creditied
original FVF was $26.09(sale plus shipping was 214.25, tax was 12.60). 23.48 is the adjusted fee plus the 30 cent fee
gotcha. trying to find that fee breakdown page. as of now, what i have available is pretty elementary as i still don't have a sellers hub page like before. i basically have a window on quarter of a page that basically just shows the last few items what sold, what i was paid and when payouts are initiated. no answers yet when that proper page layout/full sellers hub will be available.
i can generate a individual report but that can take up to 48hrs. to get.
lemme ask another question, are your shipping fees taken out of your payment or are those paid via paypal or charged to your monthly account?
because right now, it's taking them out of my balance but also seems to be charging me via monthly invoice like the good old days when you paid your fees:
(this just started this month outta the blue)
I'm going to agree with everyone. Everyone is showing tons and tons of complicated numbers etc........ This whole process seems 10X harder than it needs to be. It is truly complicated for real. Sometimes people/companies overwhelm you with a million bits of info so that they can scam you because you simply can't keep up with a million different fees on each transaction. Charging fees on shipping, taxes and everything else does not help either. I consider myself reasonably well educated; but when a company makes a million changes I can not keep up with them all. Blurry shows where they are invoicing the shipping..... that is not what was supposed to happen. It is supposed to be deducted from the amount received. So that is obviously something different and confusing. Folks getting that 10% top rated discount have to offer 1 day shipping and "FREE" 30 day returns from my understanding. Forget that crap.
And just to be clear in case I wasn't......I pay more in fees than I did before and the process is 600000 times more confusing.
Considering how brutal shipping is... especially with eBay's GSP international shipping (expensive and very slow)... it is cruel to charge a fee on shipping. Talk about greed and death by a thousand fees.
More data for the discussion. I’m one of those complaining about higher fees. I’m definitely not a top seller, as you can tell by the limited number of sales. Here’s my breakdown for the month:
Sale Date: 26 December
Destination: Canada
Total: $155.00
Fee: $22.00
Percent: 14.19
Sale Date: 14 December
Destination: Australia
Total: $1,350.00
Fee: $182.30
Percent: 13.50
Sale Date: 11 December
Destination: Massachusetts
Total: $238.50
Fee: $31.57
Percent: 13.24
Sale Date: 5 December
Destination: Florida
Total: $60.00
Fee: $7.71
Percent: 12.85
Sale Date: 5 December
Destination: Minnesota
Total: $55.00
Fee: $7.60
Percent: 13.82
Sale Date: 2 December
Destination: New York
Total: $300.00
Fee: $40.36
Percent: 13.45
Add it all up and the combined fee is $291.54 on $2,158.50 in sales, translating to 13.51 percent. Not a huge difference in the end: about $10 more than I’d have paid under the old structure and $20 more than I should be paying based on the advertised 12.45 figure. But that, combined with the fact the funds don’t show up in my bank account for four days instead of being available in my PayPal instantly, and I’m not thrilled. Maybe it’s just random luck because I happen to be selling to buyers in high-sales tax locales? But New York has a relatively low sales tax, yet I was hit with 13.45 percent.
Once again I’ll state eBay wants so desperately to be Amazon. That does not work for commodities. Invest in other sites with your listing and buying where you can.
Maybe it’s just random luck because I happen to be selling to buyers in high-sales tax locales? But New York has a relatively low sales tax, yet I was hit with 13.45 percent.
I think the people in New York City paying 8.75% sales tax would disagree with this statement LOL
The state sales tax rate is only 4 percent. That’s quite low. That doesn’t include local taxes, though. New York City piles on. Not applicable here, though, as the buyer isn’t in the city.
that was a joke.
I believe as a non-store non Top Rated seller in managed payments, you are paying 12.35% on the total which will get you to 13+% almost every time except for Florida, Oregon and a few others. They are really pushing you to the store and to accept free returns to get the 10% discount if you sell any kind of volume
I believe I run over 13%;
date, gross, fee, net
Dec 28 2020 09:02:07
$50.00
-$6.34
$43.66
Dec 28 2020 05:57:53
$31.20
-$4.10
$27.10
Dec 27 2020 22:45:10
$31.20
-$4.13
$27.07
Dec 27 2020 21:24:15
$22.20
-$2.97
$19.23
Dec 27 2020 09:47:19
$29.25
-$3.87
$25.38
I have to much S**t; so if you working on sets or are a player/team collector, send me your want list, with conditions desired. Keep in mind I have a another job so please allow me a few days to respond.