Paypal question??

ChicagoGlen

I asked the other day a question regarding accepting paypal when selling my 1969 topps psa set. I have a normal verified account. If my auction sells, will I be able to accept a $2000 plus payment through this account? Do I have to sign up for a new type of account? If so where? Any help from one of you big sellers would help allot.

Thanks,

Glen

acowa

You can take unlimited cash transfers...just no credit cards.


Regards,


Alan

ChicagoGlen

What has to be done to accept credit cards?

Mintstate

You need to upgrade to a Premier account. Once you do that though, Paypal gets a cut of all your Paypal payments. It doesnt matter if they pay with a credit card or not.

Richard

Virtualizard

Glen,

Assuming your set sells for $2,000 and you decide to accept a credit card payment through Paypal, know that Paypal will take a $58.30 cut of your sale.

And remember, like Richard said, if you upgrade your membership to the Premier level, there is no turning back and you will be charged a fee for every transaction as a seller.

That said, I did it several years ago, and I really don't have a problem with the fees knowing up front what it's going to cost. I just don't accept Paypal on high dollar items (over $1000). I don't know if that has hurt me or not.

JEB.

GoSoxBoSox

I also did not accept credit card payments through paypal because I hated paying the fees.

But as of late I have changed that policy. I now believe the fees are worth paying because people prefer to pay by credit card because of the fraud protection they get for free through the credit card bank. I strong feel that I get more bidders since I started to accept credit cards. Maybe not on every auction but I think I come out ahead in the end.

Tom

marty

I accept credit cards directly for my regular mail order business. I offer this for eBay buyers also. Most of them will still use PayPay rather than calling me. I think that they can stay removed from the personal contact, and they can do it anytime that they want. I get some of my PayPal fees back because of their credit card giving me 1.5% back on all credit card purchases. This would cut my total fees to $28.30 on JEB's senerio.

qualitycards

<< <i>That said, I did it several years ago, and I really don't have a problem with the fees knowing up front what it's going to cost. I just don't accept Paypal on high dollar items (over $1000). >>


JEB - Its more worthwhile to me to accept $1000+ transactions via Paypal then the smaller $ ones. Now and then I sell ungraded modern cards and start them at $2 or $3 each, and when someone wins any at that level and pays thru Paypal, theres not much left after eBay gets its 2 cuts and Paypal gets its 1. At least w/ a $2000 transaction, $50 off the top end is nominal. It would be $300 for the larger auction houses, so to me its a bargain...jay

roastedcat

People that don't accept creditcard thru Paypal always lose my business. I'm always buying expensive stuff, and recently spent a ton of money on a PSA/DNA autographed Ball of Jimmy Foxx and Hack Wilson. I usually paypal the seller w/ a creditcard, knowing I'm insured. When they don't accept credit, I don't bid on there auctions and most of the time there stuff either never sells or nobodys met the reserve. Who cares about the fee, if your lucky enough to get a buyer that will pay that high, sell it.

I accept creditcards through paypal all the time, most of the people pay instantly and I just ship the item off next day. The fees aren't that much considering the amount that you recieve. And I've sold a bunch of Big ticketed items to people who could only afford the item with a creditcard through paypal. There are a few that will send a cashier's check from their bank, but their taking that risk sending it to me in an envelope with a 34 cent stamp.

I think everyone who sells on ebay should accept a Creditcard with their paypal, your just losing money that you could have made. You probley could have made a ton of money off me.

Jery

RobE

Until a few days ago I was charged the merchant rate which I no longer qualify for since I hadn't been selling for the last few months.The Merchant rate was like 2.2% + $.30 but it's something like 2.9% + .30

I'll use the Paypal debit card any chance I get to get that 1.5% cash back when shipping,paying ebay fees, or getting gas.As well, keeping a balance in your account allows you to earn 1.04% every 7 business days or so.When you first were able to earn a return on your balance I remeber it being 1.92%.Pennies on the dollar but at the end of the year it adds up.

I wonder if Paypal is a part of those companies who promise cash back to their customers who make it look like they are but really not.

Anybody know what I'm talking about?I caught the headline on the news but didn't see the story.