Off topic slightly when sellers put “I am not a coin expert so opinions of grades are my own. I can only attest that the coin is genuine...” might as well advertise as cleaned coin and save the drama
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
I posted a good reply to this thread 3 hours ago that disappeared.
The buyer responded to my message. Many of the points above were mentioned. He was not aware of the cost I would incur with the return. We had a nice cordial back and forth between us.
The buyer Cancelled the Return
I then messaged him with an apology and explained I had recently had a dealer take advantage of the ebay policies which are becoming Amazonian style on an expensive coin he was trying to resell. I offered to make him a deal on something else if he was so inclined
Perhaps you should refrain from selling on eBay if you feel compelled to send emails like this one. I don't see any point to it and it makes you sound like you're whining.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
After doing eBay for 20 years, my No1 100% turn off from a seller is when they state in their auction that they want the buyer to leave feedback 1st. That's almost always a weak seller.
YMMV
Makes no sense since eBay allows returns at will so why would you not consider the deal complete until AFTER the buyer receives it and is happy with it?
@JBK said:
Everyone seems to have some kind of valid point, I can't quite decide who to side with.
It seems that many support the blocking but might not send that notice. However, might it be beneficial to let the bidder know why he lost bidding privileges?
I try very hard not to have buyer's remorse. I study the pictures and description and ask for more information if needed. One time I asked so many follow-up questions about a silver medal that the seller finally politely suggested that I might want to consider not buying the item. In the end I did buy it and I loved it.
But returning a $70 slabbed coin that was properly described, knowing the cost it would incur to the seller?
How many have had a blocked bidder ask why they are blocked?
@Mgarmy said:
Off topic slightly when sellers put “I am not a coin expert so opinions of grades are my own. I can only attest that the coin is genuine...” might as well advertise as cleaned coin and save the drama
Even worse, if he's "not a coin expert", how can he guarantee that it is genuine?
@JBK said:
Everyone seems to have some kind of valid point, I can't quite decide who to side with.
It seems that many support the blocking but might not send that notice. However, might it be beneficial to let the bidder know why he lost bidding privileges?
I try very hard not to have buyer's remorse. I study the pictures and description and ask for more information if needed. One time I asked so many follow-up questions about a silver medal that the seller finally politely suggested that I might want to consider not buying the item. In the end I did buy it and I loved it.
But returning a $70 slabbed coin that was properly described, knowing the cost it would incur to the seller?
How many have had a blocked bidder ask why they are blocked?
Me. I had one guy ask me about 3 times. Every couple years he'd find something of mine he wanted and ask why eBay wouldn't let him buy it. when I reminded him of what happened and why it was blocked, he said "Thank God, I wouldn't want to do business with you anyway." LOL
The specific reply aside, I imagine that a lot of eBay dealers have horror stories that the rest of us could not even imagine.
Honestly, I've done almost 70,000 transactions on eBay. I have about 3 or 4 minor inconveniences per year (so maybe 80 total) and no real "horror stories".
Back in the day, there was the occasional bounced check. There's returns - part of doing business. There are lost packages - part of doing business. But in 70,000 transactions, I've had no scams and no real disasters. There's just been a few minor inconveniences that I expected as part of doing business.
Baj-
It makes sense if you knew what type of material I purchase, how much of it is for sale & my lack of desire to shift through the stuff below my standard.
For instance: if I was a Ferrari buyer then I would want all books & records with the car. I would expect them without asking. Any intelligent seller would understand that. If I had to ask for that then I can tell you that the seller is not for me. That's an example of my reasoning. I could cite you others but I hope you get the idea.
It is very inconvenient for me to return anything so I limit my purchases from sellers who have habits that I do not agree with. I'm looking for a seller who knows what they have, is able to positively describe it & is assured that I'll be pleased with the transaction.
I don't by coins on ebay but the seller who states: 'make up your mind on the condition from looking at my photos' just wouldn't be my type of coin seller.
Don’t step over dollars to save cents. This advice has usually served me well in business. Sometimes it’s hard to swallow but the math usually adds up.
@amwldcoin said:
I would like to say this. In my 22 years on ebay, and purchase of probably well over 10,000 coins I can count how many coins I have returned on 1 hand. The only way I return a coin is if it is a big value difference and I thought the seller was misleading.
You're a dealer, right? Cost you pay, and price you sell for, and how long in inventory are very important to you, right?
Now, did you sell to a collector? Haven't people told collectors NOT to settle but make sure they get actual quality? No matter what the holder says?
Maybe it would be better to only sell to dealers?
As for the message in the OP? I suggest pasting it in all your auctions. I'm sure potential bidders would appreciate. I know I would
I hesitate to respond to your post as they always strike me as antidealer and and unreasonable buyer!
I would say a minimum of 70% of my ebay purchases were as a collector! Yes I am a collector, probably more so than a dealer. I do not have to sell coins to survive. I consider myself a well earned semi retired and hope I never retire! To put my purchases in perspective. I was an avid collector of world coins. When I stopped collecting World Coins I had over 35,000 different coins. And no the majority of it was not pound lot stuff! Even now I'm a collector of my dear Barber Halves. Several members here can attest when there is a Barber Half on ebay I'm no holes barred with what I am willing to pay for a coin I want for my collection.
The changes in fees in the last 5 years give or take a bit are as follows on a $100.00 sale.
5 years ago FVF fees were 6%(something wants to say 5% but I do not remember)
Top Rated Seller Discount was 20% and did not require free shipping or returns. I did change over to free shipping and it did improve my sales. Funny thing was I just adjusted my price to cover the shipping. The shipping was $1.61(I'm thinking it might have been less)
Paypal Fees were 2.2% + 30 cents.
The cost to sell a $100.00 coin was $7.30 or $8.91 with free shipping.
The cost of a return was $0.00 or $1.61 with free shipping. No one offered free returns then and it was not expected.
Now the FVF fess are 6.12%
The Top Rated Seller discount is 10% and requires free shipping and returns.
The shipping costs average around $2.95.
The non refundable Paypal Fess are 2.9% + 30 cents.
The cost to sell a $100.00 coin is $9.10(see below also) plus the Paypal fees on Sales Tax when collected.
The cost for returns on a %100.00 coin is $9.10
The cost for me to list 2500 coins per month was $59.99 for my Ebay store. The cost is now $249.99
On top of everything else when ebay instituted all these changes they also changed the search engine and dropped being net-neutral. This change reduced my gross sales from $200K a year to around $60K a year instantly! Thankfully I have many customers with the where with all to contact me off ebay. Ebay is nothing more than an easy way to get my offerings on the WWW!
You are correct, I should change my store listing terms to reflect a restocking fee and not allow free returns. I am waiting for the next seller update to see if ebay is going to get off their Amazonian High Horse.
This will be a lot of work for me because my terms are listed in the Body of my Description. I can not bulk edit this and I have well over 3000 listings I would need to update which is a time consuming prospect.
While maybe some of the sellers here disagree with me. I can tell you I know many more sellers than are members here and we are all on the same page.
The camels back is about to break, at least for me and many other sellers I know.
@amwldcoin said:
I would like to say this. In my 22 years on ebay, and purchase of probably well over 10,000 coins I can count how many coins I have returned on 1 hand. The only way I return a coin is if it is a big value difference and I thought the seller was misleading.
You're a dealer, right? Cost you pay, and price you sell for, and how long in inventory are very important to you, right?
Now, did you sell to a collector? Haven't people told collectors NOT to settle but make sure they get actual quality? No matter what the holder says?
Maybe it would be better to only sell to dealers?
As for the message in the OP? I suggest pasting it in all your auctions. I'm sure potential bidders would appreciate. I know I would
@johnny9434 said:
Ebay should allow a restocking fee in all due fairness. Jmo
I certainly agree with your statement but I personally would not buy from a seller that has a restocking fee. A little weird .... right
no, not weird. id do the same
That is the issue. It's the fundamental hypocrisy seen every time this topic comes up: people as seller complain about the exact thing they demand as buyers.
Really, who would buy a coin fron a stranger on the internet that had no return privilege?
@johnny9434 said:
Ebay should allow a restocking fee in all due fairness. Jmo
I certainly agree with your statement but I personally would not buy from a seller that has a restocking fee. A little weird .... right
no, not weird. id do the same
That is the issue. It's the fundamental hypocrisy seen every time this topic comes up: people as seller complain about the exact thing they demand as buyers.
Really, who would buy a coin fron a stranger on the internet that had no return privilege?
@johnny9434 said:
Ebay should allow a restocking fee in all due fairness. Jmo
I certainly agree with your statement but I personally would not buy from a seller that has a restocking fee. A little weird .... right
no, not weird. id do the same
That is the issue. It's the fundamental hypocrisy seen every time this topic comes up: people as seller complain about the exact thing they demand as buyers.
Really, who would buy a coin fron a stranger on the internet that had no return privilege?
@johnny9434 said:
Ebay should allow a restocking fee in all due fairness. Jmo
I certainly agree with your statement but I personally would not buy from a seller that has a restocking fee. A little weird .... right
no, not weird. id do the same
That is the issue. It's the fundamental hypocrisy seen every time this topic comes up: people as seller complain about the exact thing they demand as buyers.
Really, who would buy a coin fron a stranger on the internet that had no return privilege?
Me, every day.
We agree here. Well not every day for me, but sure, a PCGS graded coin on Ebay. No problem. And if it turns out to be a fake coin or holder, other buyer protection is available.
I always appreciate the discriminate coin buyer. But Ebay is not the place for him. Looking for just the right toning or luster or mirrors, get on a plane or hire someone to inspect auction lots or move to Dallas.
A 5% restock fee is the way to go on Ebay. If that scares off a buyer, good. better than the seller taking a hit on a finicky customer.
Come on coin..really are you a trump or Rockefeller? Hop a plane to look at a coin? Must be nice. Maybe I will solve cold fusion on the way
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
@johnny9434 said:
Ebay should allow a restocking fee in all due fairness. Jmo
I certainly agree with your statement but I personally would not buy from a seller that has a restocking fee. A little weird .... right
no, not weird. id do the same
That is the issue. It's the fundamental hypocrisy seen every time this topic comes up: people as seller complain about the exact thing they demand as buyers.
Really, who would buy a coin fron a stranger on the internet that had no return privilege?
Me, every day.
We agree here. Well not every day for me, but sure, a PCGS graded coin on Ebay. No problem. And if it turns out to be a fake coin or holder, other buyer protection is available.
I always appreciate the discriminate coin buyer. But Ebay is not the place for him. Looking for just the right toning or luster or mirrors, get on a plane or hire someone to inspect auction lots or move to Dallas.
A 5% restock fee is the way to go on Ebay. If that scares off a buyer, good. better than the seller taking a hit on a finicky customer.
You guys are all fudging the point. You'll buy the coin only because you can file a chargeback or ebay claim which COSTS THE SELLER THE SAME AS A RETURN.
No one here would buy a coin from a stranger on the internet that had no refund possibility at all. If you say yes, it's either a $5 coin or you're lying.
@johnny9434 said:
Ebay should allow a restocking fee in all due fairness. Jmo
I certainly agree with your statement but I personally would not buy from a seller that has a restocking fee. A little weird .... right
no, not weird. id do the same
That is the issue. It's the fundamental hypocrisy seen every time this topic comes up: people as seller complain about the exact thing they demand as buyers.
Really, who would buy a coin fron a stranger on the internet that had no return privilege?
Me, every day.
We agree here. Well not every day for me, but sure, a PCGS graded coin on Ebay. No problem. And if it turns out to be a fake coin or holder, other buyer protection is available.
I always appreciate the discriminate coin buyer. But Ebay is not the place for him. Looking for just the right toning or luster or mirrors, get on a plane or hire someone to inspect auction lots or move to Dallas.
A 5% restock fee is the way to go on Ebay. If that scares off a buyer, good. better than the seller taking a hit on a finicky customer.
You guys are all fudging the point. You'll buy the coin only because you can file a chargeback or ebay claim which COSTS THE SELLER THE SAME AS A RETURN.
No one here would buy a coin from a stranger on the internet that had no refund possibility at all. If you say yes, it's either a $5 coin or you're lying.
Maybe that is the way you do business, not me.
I know what I am buying. I can't even remember the last time I returned a coin since it has been sooo many years ....
@johnny9434 said:
Ebay should allow a restocking fee in all due fairness. Jmo
I certainly agree with your statement but I personally would not buy from a seller that has a restocking fee. A little weird .... right
no, not weird. id do the same
That is the issue. It's the fundamental hypocrisy seen every time this topic comes up: people as seller complain about the exact thing they demand as buyers.
Really, who would buy a coin fron a stranger on the internet that had no return privilege?
Me, every day.
We agree here. Well not every day for me, but sure, a PCGS graded coin on Ebay. No problem. And if it turns out to be a fake coin or holder, other buyer protection is available.
I always appreciate the discriminate coin buyer. But Ebay is not the place for him. Looking for just the right toning or luster or mirrors, get on a plane or hire someone to inspect auction lots or move to Dallas.
A 5% restock fee is the way to go on Ebay. If that scares off a buyer, good. better than the seller taking a hit on a finicky customer.
You guys are all fudging the point. You'll buy the coin only because you can file a chargeback or ebay claim which COSTS THE SELLER THE SAME AS A RETURN.
No one here would buy a coin from a stranger on the internet that had no refund possibility at all. If you say yes, it's either a $5 coin or you're lying.
Maybe that is the way you do business, not me.
I know what I am buying. I can't even remember the last time I returned a coin since it has been sooo many years ....
You are ignoring the real possibility that the coin you are looking at is NOT the one you would receive. I personally believe that 99.9% of people on ebay are honest. Nonetheless, I would never send significant money to anyone that I could not charge back if needed.
That fraud insurance is why people want the ebay guarantee and pay with CCs. It is simple common sense and cheap insurance.
I dare you to only send cash through the mail for all your ebay purchases for the next 6 months. I DOUBLE DARE you.
@johnny9434 said:
Ebay should allow a restocking fee in all due fairness. Jmo
I certainly agree with your statement but I personally would not buy from a seller that has a restocking fee. A little weird .... right
no, not weird. id do the same
That is the issue. It's the fundamental hypocrisy seen every time this topic comes up: people as seller complain about the exact thing they demand as buyers.
Really, who would buy a coin fron a stranger on the internet that had no return privilege?
Me, every day.
We agree here. Well not every day for me, but sure, a PCGS graded coin on Ebay. No problem. And if it turns out to be a fake coin or holder, other buyer protection is available.
I always appreciate the discriminate coin buyer. But Ebay is not the place for him. Looking for just the right toning or luster or mirrors, get on a plane or hire someone to inspect auction lots or move to Dallas.
A 5% restock fee is the way to go on Ebay. If that scares off a buyer, good. better than the seller taking a hit on a finicky customer.
You guys are all fudging the point. You'll buy the coin only because you can file a chargeback or ebay claim which COSTS THE SELLER THE SAME AS A RETURN.
No one here would buy a coin from a stranger on the internet that had no refund possibility at all. If you say yes, it's either a $5 coin or you're lying.
Maybe that is the way you do business, not me.
I know what I am buying. I can't even remember the last time I returned a coin since it has been sooo many years ....
You are ignoring the real possibility that the coin you are looking at is NOT the one you would receive. I personally believe that 99.9% of people on ebay are honest. Nonetheless, I would never send significant money to anyone that I could not charge back if needed.
That fraud insurance is why people want the ebay guarantee and pay with CCs. It is simple common sense and cheap insurance.
I dare you to only send cash through the mail for all your ebay purchases for the next 6 months. I DOUBLE DARE you.
Weird, just weird, man.
Send cash thru the mail, WTF are you talking about, break out the bong, you really need it.
I have bought tens of thousands of coins off of the bay, not one time was I sent a coin not pictured.
@johnny9434 said:
Ebay should allow a restocking fee in all due fairness. Jmo
I certainly agree with your statement but I personally would not buy from a seller that has a restocking fee. A little weird .... right
no, not weird. id do the same
That is the issue. It's the fundamental hypocrisy seen every time this topic comes up: people as seller complain about the exact thing they demand as buyers.
Really, who would buy a coin fron a stranger on the internet that had no return privilege?
Me, every day.
We agree here. Well not every day for me, but sure, a PCGS graded coin on Ebay. No problem. And if it turns out to be a fake coin or holder, other buyer protection is available.
I always appreciate the discriminate coin buyer. But Ebay is not the place for him. Looking for just the right toning or luster or mirrors, get on a plane or hire someone to inspect auction lots or move to Dallas.
A 5% restock fee is the way to go on Ebay. If that scares off a buyer, good. better than the seller taking a hit on a finicky customer.
You guys are all fudging the point. You'll buy the coin only because you can file a chargeback or ebay claim which COSTS THE SELLER THE SAME AS A RETURN.
No one here would buy a coin from a stranger on the internet that had no refund possibility at all. If you say yes, it's either a $5 coin or you're lying.
Maybe that is the way you do business, not me.
I know what I am buying. I can't even remember the last time I returned a coin since it has been sooo many years ....
You are ignoring the real possibility that the coin you are looking at is NOT the one you would receive. I personally believe that 99.9% of people on ebay are honest. Nonetheless, I would never send significant money to anyone that I could not charge back if needed.
That fraud insurance is why people want the ebay guarantee and pay with CCs. It is simple common sense and cheap insurance.
I dare you to only send cash through the mail for all your ebay purchases for the next 6 months. I DOUBLE DARE you.
Weird, just weird, man.
Send cash thru the mail, WTF are you talking about, break out the bong, you really need it.
I have bought tens of thousands of coins off of the bay, not one time was I sent a coin not pictured.
Weird.
Do you only buy fire insurance because you know your house is going to burn down?
People buy on ebay because they can have confidence that ebay or PayPal will back them on a problem. This has been discussed 10,000 times on this site before. Now, you might be the one simple soul who would send envelopes of cash through the mail. Most normal people know better than to risk it. That's why ebay has buyer protections. That's why credit cards have buyer protections. That's why buyers like sellers who offer no hassle returns. NO ONE is offering those things out of a sense of Christian charity. They do it despite the costs because the market demands it.
I personally believe the folks that will not buy from me if I charge a restocking fee are not the type of folks I want to do business with. If I make a mistake in a listing or something is off with my picture sure...return all in on me! But if you have buyers remorse or are just overly picky to the point you will always find something wrong I think you should foot the whole bill shipping both ways and paypal fees!
@ErrorsOnCoins said:
Enjoy your day arguing with everyone on this forum, because you are always right every single time
I need a bong hit now, geez.
Dude, mirror.
I'm only arguing with you.
I've started a poll. If it turns out that the majority agree with you, I will NEVER disagree with you again. No matter what you say.
I chime in on two or three threads a day on things I know about.
You chime in on every thread because you know everything about everything.
Actually, I chime in on about 20% of threads. And I don't claim to be the final word on anything. i'm always willing to be proven wrong, hence the poll. But OBVIOUSLY, if I post something, it is because I believe it to be true.
@derryb said:
Why not say something like this in the listing before you make the sale:
"Paypal no longer refunds it's paypal fee to sellers when a paypal paid item is returned to the seller. Any refund will be reduced by the 2.9% paypal fee that we are charged to process your payment to us."
Thats a good paragraph. It would be even better without the apostrophe.
@amwldcoin said:
That will not work until ebay allows restocking fees.
@derryb said:
Why not say something like this in the listing before you make the sale:
"Paypal no longer refunds it's paypal fee to sellers when a paypal paid item is returned to the seller. Any refund will be reduced by the 2.9% paypal fee that we are charged to process your payment to us."
It will work at reducing the chances of a return when the buyer thinks he will loose 2.9%. Who knows, maybe even ebay will allow the reduction in refund.
Note the text below the chart: "If your item was fulfilled by a third-party seller, you may be charged up to 20% restocking fee even if you return the item in original condition within the return window."
I had the winning bid about ten years ago in an auction picturing an attractive, lustrous brown uncirculated copper piece. I received a VG (at best) example. Maybe it doesn't happen every day that somebody ships something that is, without a doubt, not the item that was pictured, but it does happen.
Comments
Off topic slightly when sellers put “I am not a coin expert so opinions of grades are my own. I can only attest that the coin is genuine...” might as well advertise as cleaned coin and save the drama
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
Update
I posted a good reply to this thread 3 hours ago that disappeared.
The buyer responded to my message. Many of the points above were mentioned. He was not aware of the cost I would incur with the return. We had a nice cordial back and forth between us.
The buyer Cancelled the Return
I then messaged him with an apology and explained I had recently had a dealer take advantage of the ebay policies which are becoming Amazonian style on an expensive coin he was trying to resell. I offered to make him a deal on something else if he was so inclined
This is the kind of letter I would write just to blow off steam...and then delete.
Perhaps you should refrain from selling on eBay if you feel compelled to send emails like this one. I don't see any point to it and it makes you sound like you're whining.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Wow...this is a tough crowd!
The specific reply aside, I imagine that a lot of eBay dealers have horror stories that the rest of us could not even imagine.
Makes no sense since eBay allows returns at will so why would you not consider the deal complete until AFTER the buyer receives it and is happy with it?
How many have had a blocked bidder ask why they are blocked?
Even worse, if he's "not a coin expert", how can he guarantee that it is genuine?
Me. I had one guy ask me about 3 times. Every couple years he'd find something of mine he wanted and ask why eBay wouldn't let him buy it. when I reminded him of what happened and why it was blocked, he said "Thank God, I wouldn't want to do business with you anyway." LOL
Honestly, I've done almost 70,000 transactions on eBay. I have about 3 or 4 minor inconveniences per year (so maybe 80 total) and no real "horror stories".
Back in the day, there was the occasional bounced check. There's returns - part of doing business. There are lost packages - part of doing business. But in 70,000 transactions, I've had no scams and no real disasters. There's just been a few minor inconveniences that I expected as part of doing business.
Baj-
It makes sense if you knew what type of material I purchase, how much of it is for sale & my lack of desire to shift through the stuff below my standard.
For instance: if I was a Ferrari buyer then I would want all books & records with the car. I would expect them without asking. Any intelligent seller would understand that. If I had to ask for that then I can tell you that the seller is not for me. That's an example of my reasoning. I could cite you others but I hope you get the idea.
It is very inconvenient for me to return anything so I limit my purchases from sellers who have habits that I do not agree with. I'm looking for a seller who knows what they have, is able to positively describe it & is assured that I'll be pleased with the transaction.
I don't by coins on ebay but the seller who states: 'make up your mind on the condition from looking at my photos' just wouldn't be my type of coin seller.
Ebay should allow a restocking fee in all due fairness. Jmo
Everyone is a big business man, till they are not. Heh
Not worth messaging buyers with complaints, might get a negative feedback.
On another note, the new ebay fees and taxes is making it difficult to realize a decent profit on small to mid ticket items.
Ebay needs an "ANGER MANAGMENT" program for sellers.
Don’t step over dollars to save cents. This advice has usually served me well in business. Sometimes it’s hard to swallow but the math usually adds up.
You're a dealer, right? Cost you pay, and price you sell for, and how long in inventory are very important to you, right?
Now, did you sell to a collector? Haven't people told collectors NOT to settle but make sure they get actual quality? No matter what the holder says?
Maybe it would be better to only sell to dealers?
As for the message in the OP? I suggest pasting it in all your auctions. I'm sure potential bidders would appreciate. I know I would
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
As soon as Amazon allows a restocking fee, Walmart.com and Target.com will have one. Then, eBay will allow it.
I hesitate to respond to your post as they always strike me as antidealer and and unreasonable buyer!
I would say a minimum of 70% of my ebay purchases were as a collector! Yes I am a collector, probably more so than a dealer. I do not have to sell coins to survive. I consider myself a well earned semi retired and hope I never retire! To put my purchases in perspective. I was an avid collector of world coins. When I stopped collecting World Coins I had over 35,000 different coins. And no the majority of it was not pound lot stuff! Even now I'm a collector of my dear Barber Halves. Several members here can attest when there is a Barber Half on ebay I'm no holes barred with what I am willing to pay for a coin I want for my collection.
@Coinstartled should like this.
The changes in fees in the last 5 years give or take a bit are as follows on a $100.00 sale.
5 years ago FVF fees were 6%(something wants to say 5% but I do not remember)
Top Rated Seller Discount was 20% and did not require free shipping or returns. I did change over to free shipping and it did improve my sales. Funny thing was I just adjusted my price to cover the shipping. The shipping was $1.61(I'm thinking it might have been less)
Paypal Fees were 2.2% + 30 cents.
The cost to sell a $100.00 coin was $7.30 or $8.91 with free shipping.
The cost of a return was $0.00 or $1.61 with free shipping. No one offered free returns then and it was not expected.
Now the FVF fess are 6.12%
The Top Rated Seller discount is 10% and requires free shipping and returns.
The shipping costs average around $2.95.
The non refundable Paypal Fess are 2.9% + 30 cents.
The cost to sell a $100.00 coin is $9.10(see below also) plus the Paypal fees on Sales Tax when collected.
The cost for returns on a %100.00 coin is $9.10
The cost for me to list 2500 coins per month was $59.99 for my Ebay store. The cost is now $249.99
On top of everything else when ebay instituted all these changes they also changed the search engine and dropped being net-neutral. This change reduced my gross sales from $200K a year to around $60K a year instantly! Thankfully I have many customers with the where with all to contact me off ebay. Ebay is nothing more than an easy way to get my offerings on the WWW!
You are correct, I should change my store listing terms to reflect a restocking fee and not allow free returns. I am waiting for the next seller update to see if ebay is going to get off their Amazonian High Horse.
This will be a lot of work for me because my terms are listed in the Body of my Description. I can not bulk edit this and I have well over 3000 listings I would need to update which is a time consuming prospect.
While maybe some of the sellers here disagree with me. I can tell you I know many more sellers than are members here and we are all on the same page.
The camels back is about to break, at least for me and many other sellers I know.
@amwldcoin That is a potent message and I have nothing to add.
2500 listings a month is all in. No one here can question your commitment to the business.
I certainly agree with your statement but I personally would not buy from a seller that has a restocking fee. A little weird .... right
Successful BST transactions with lordmarcovan, Moldnut, erwindoc
no, not weird. id do the same
That is the issue. It's the fundamental hypocrisy seen every time this topic comes up: people as seller complain about the exact thing they demand as buyers.
Really, who would buy a coin fron a stranger on the internet that had no return privilege?
Me, every day.
a lot of people do. a lot of others dont
We agree here. Well not every day for me, but sure, a PCGS graded coin on Ebay. No problem. And if it turns out to be a fake coin or holder, other buyer protection is available.
I always appreciate the discriminate coin buyer. But Ebay is not the place for him. Looking for just the right toning or luster or mirrors, get on a plane or hire someone to inspect auction lots or move to Dallas.
A 5% restock fee is the way to go on Ebay. If that scares off a buyer, good. better than the seller taking a hit on a finicky customer.
Come on coin..really are you a trump or Rockefeller? Hop a plane to look at a coin? Must be nice. Maybe I will solve cold fusion on the way
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
You guys are all fudging the point. You'll buy the coin only because you can file a chargeback or ebay claim which COSTS THE SELLER THE SAME AS A RETURN.
No one here would buy a coin from a stranger on the internet that had no refund possibility at all. If you say yes, it's either a $5 coin or you're lying.
Maybe that is the way you do business, not me.
I know what I am buying. I can't even remember the last time I returned a coin since it has been sooo many years ....
You are ignoring the real possibility that the coin you are looking at is NOT the one you would receive. I personally believe that 99.9% of people on ebay are honest. Nonetheless, I would never send significant money to anyone that I could not charge back if needed.
That fraud insurance is why people want the ebay guarantee and pay with CCs. It is simple common sense and cheap insurance.
I dare you to only send cash through the mail for all your ebay purchases for the next 6 months. I DOUBLE DARE you.
Weird, just weird, man.
Send cash thru the mail, WTF are you talking about, break out the bong, you really need it.
I have bought tens of thousands of coins off of the bay, not one time was I sent a coin not pictured.
Weird.
Do you only buy fire insurance because you know your house is going to burn down?
People buy on ebay because they can have confidence that ebay or PayPal will back them on a problem. This has been discussed 10,000 times on this site before. Now, you might be the one simple soul who would send envelopes of cash through the mail. Most normal people know better than to risk it. That's why ebay has buyer protections. That's why credit cards have buyer protections. That's why buyers like sellers who offer no hassle returns. NO ONE is offering those things out of a sense of Christian charity. They do it despite the costs because the market demands it.
Enjoy your day arguing with everyone on this forum, because you are always right every single time
I need a bong hit now, geez.
I personally believe the folks that will not buy from me if I charge a restocking fee are not the type of folks I want to do business with. If I make a mistake in a listing or something is off with my picture sure...return all in on me! But if you have buyers remorse or are just overly picky to the point you will always find something wrong I think you should foot the whole bill shipping both ways and paypal fees!
That's my MO as a buyer.
Dude, mirror.
I'm only arguing with you.
I've started a poll. If it turns out that the majority agree with you, I will NEVER disagree with you again. No matter what you say.
I chime in on two or three threads a day on things I know about.
You chime in on every thread because you know everything about everything.
Actually, I chime in on about 20% of threads. And I don't claim to be the final word on anything. i'm always willing to be proven wrong, hence the poll. But OBVIOUSLY, if I post something, it is because I believe it to be true.
Thats a good paragraph. It would be even better without the apostrophe.
Liberty: Parent of Science & Industry
The buyer will also lose 2.9%.
Liberty: Parent of Science & Industry
By the way, just to prove that I'm willing to admit being wrong, I refer you to this thread where I actually admitted you were right and I was wrong.
https://forums.collectors.com/discussion/comment/12501194#Comment_12501194
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Amazon does allow a restocking fee, it is just very rarely used. https://www.amazon.com/gp/help/customer/display.html?nodeId=201819300
Note the text below the chart: "If your item was fulfilled by a third-party seller, you may be charged up to 20% restocking fee even if you return the item in original condition within the return window."
I had the winning bid about ten years ago in an auction picturing an attractive, lustrous brown uncirculated copper piece. I received a VG (at best) example. Maybe it doesn't happen every day that somebody ships something that is, without a doubt, not the item that was pictured, but it does happen.