ANSWERED! Naive Questions, Easy Answers - EBay Bucks on Coin Purchases - Who Absorbs Costs?
winesteven
Posts: 4,950 ✭✭✭✭✭
As a buyer, I just negotiated a “Make Offer” price on a coin for $700, and “earned” $70 in eBay Bucks to be used in January 2020 on a subsequent purchase.
1. Does the seller of this $700 coin take any hit? My guess is no.
2. When I buy a coin and use that $70 in eBay Bucks in January, will that seller take any hit? My guess is also no.
3. Will eBay be absorbing that $70 out of their pocket/profits/fees collected by making sure that seller gets the full selling price? My guess is yes.
Please advise/confirm.
Thanks.
A day without fine wine and working on your coin collection is like a day without sunshine!!!
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
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Comments
Ebay absorbs as a marketing issue.
So:
1) No
2) No
3) Yes
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Check your math---you earned $7 rather than $70 on a $700 purchase.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
No, they had 10% eBay Bucks for a two day period that I activated, rather than the normal 1%, so I “earned” $70. I wait for those specials to make my eBay purchases.
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
all sellers take a hit when ebay collects their sales commission
some sellers take a hit when they list their item for sale
Dang! How can you not take advantage of a deal like that.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
There is no deduction to me as a seller if a buyer receives, uses, or whatever ebay bucks. I cannot even see it. I sell, money from (mostly paypal) shows up, then I ship something. I don't know if the buyer used a credit card through paypal, used cash in paypal, Gold Coin of the Realm, whatever, it is invisible to me.
For the international visibility and sales, I am OK with the 8% I get charged.
It’s away of giving back. Sort of like dividend payments from stocks.
BTW, the Bay’s custoner service calls their “bank” the “Teeasury.” When they are unable to charge a buyer or seller due to no-fault in transaction between the two the $ comes from the aforementioned.