Home› Precious Metals

Bullion Dealers & PayPal

70sToppsGuy70sToppsGuy Posts: 90
in Precious Metals
I was checking various bullion dealers online, and noticed not one accepts PayPal (at least that I could find). In fact, I did find a couple articles that said bullion dealers that DO take PayPal charge up to 30% over spot, since there is an added risk with PayPal (vs. a credit card).

In any event, I try to avoid using a cc, and would like to use PayPal. Just curious, if anyone knows of a bullion dealer that takes PayPal without crazy markup ?

Thanks in advance

Comments

  • Coins101Coins101 Posts: 2,602 ✭✭✭
    Why use PayPal over a CC?
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Credit cards and paypal charge heavy fees. In the world of precious metals, margins are razor thin (or should be if you shop around). It kind of sucks, but if you're not buying locally the best thing is to pay via check or wire transfer. That's one of the reasons I buy locally. I hate waiting.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • OPAOPA Posts: 17,126 ✭✭✭✭✭
    The only bullion dealers that accept paypal are those that also sell on eBay. Scottsdale is one of them, but don't expect to pay anywhere near spot. All of their auctions start at $.99 but usually end up 30%+ over spot.
    Welcome to the real world.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • BAJJERFANBAJJERFAN Posts: 31,097 ✭✭✭✭✭


    << <i>Credit cards and paypal charge heavy fees. In the world of precious metals, margins are razor thin (or should be if you shop around). It kind of sucks, but if you're not buying locally the best thing is to pay via check or wire transfer. That's one of the reasons I buy locally. I hate waiting. >>




    PayPal echecks only cost $5 max to accept. Right now I can't even find an option for using echecks if I try to pay with PP.
    theknowitalltroll;
  • 70sToppsGuy70sToppsGuy Posts: 90


    << <i>Why use PayPal over a CC? >>



    I like not having a CC balance, for one. And two, PayPal is mostly my play money. I also sell sports cards and memorabilia, so all my sales money goes into PayPal, which in turn, I use to buy things I want.

    On a side note, thanks for the Scottsdale Silver info. I did use them after all, and with PayPal. They have a sale of misc 1oz silver bars for slightly over spot with free shipping on any size order.

  • dontippetdontippet Posts: 2,609 ✭✭✭✭


    << <i>

    << <i>Why use PayPal over a CC? >>



    I like not having a CC balance, for one. And two, PayPal is mostly my play money. I also sell sports cards and memorabilia, so all my sales money goes into PayPal, which in turn, I use to buy things I want.

    On a side note, thanks for the Scottsdale Silver info. I did use them after all, and with PayPal. They have a sale of misc 1oz silver bars for slightly over spot with free shipping on any size order. >>



    Why not use a credit card, get 1% cash back or miles, and pay off your credit card bill with your Paypal account. Sounds complicated, but it would work.
    > [Click on this link to see my ebay listings.](https://www.ebay.com/sch/i.html?_nkw=&amp;_in_kw=1&amp;_ex_kw=&amp;_sacat=0&amp;_udlo=&amp;_udhi=&amp;_ftrt=901&amp;_ftrv=1&amp;_sabdlo=&amp;_sabdhi=&amp;_samilow=&amp;_samihi=&amp;_sadis=15&amp;_stpos=61611&amp;_sargn=-1&saslc=1&amp;_salic=1&amp;_fss=1&amp;_fsradio=&LH_SpecificSeller=1&amp;_saslop=1&amp;_sasl=mygirlsthree3&amp;_sop=12&amp;_dmd=1&amp;_ipg=50&amp;_fosrp=1)
    >

    Successful transactions on the BST boards with rtimmer, coincoins, gerard, tincup, tjm965, MMR, mission16, dirtygoldman, AUandAG, deadmunny, thedutymon, leadoff4, Kid4HOF03, BRI2327, colebear, mcholke, rpcolettrane, rockdjrw, publius, quik, kalinefan, Allen, JackWESQ, CON40, Griffeyfan2430, blue227, Tiggs2012, ndleo, CDsNuts, ve3rules, doh, MurphDawg, tennessebanker, and gene1978.
  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>Why not use a credit card, get 1% cash back or miles, and pay off your credit card bill with your Paypal account. Sounds complicated, but it would work. >>



    That is what I do plus you have the advantage to use your CC chargeback if there is an issue and PayPal drops the ball. But, if I am buying in person, I buy with cash (cash talks) or use a check if the deal is better (on-line). Time doesn't matter as it just goes into the stack.
  • fiveNdimefiveNdime Posts: 1,088 ✭✭


    << <i> pay off your credit card bill with your Paypal account. Sounds complicated, but it would work. >>


    not that complicated. image

    just be sure to sell more than you buy image
    BST transactions: guitarwes; glmmcowan; coiny; nibanny; messydesk
Sign In or Register to comment.