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I won't accept paypal for anything over $1000
packers88
Posts: 558
I just don't want to be at paypal's mercy if I get some jack.... who is looking for a free lunch and decides to file a dispute by making something up like the coin wasn't as described and it becomes my word against his. I'm sorry, but I could never see myself selling a $5000 coin or for that matter a $1500 coin knowing that the risk is out there and from what I read on various messages boards paypal will side with the buyer more times than not. I was just wondering if anyone else has concerns about accepting paypal for large amounts or am I just being overly cautious??
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Paypal commission + Ebay commission can really eat up your profits!
Not only are there the chargeback issues, but the fees are probably heinous at that level.
I love the convenience of PayPal but wouldn't use it for big-ticket transactions if I were the seller. Fortunately I am not in that league.
Collector since 1976. On the CU forums here since 2001.
I alway photograph the packing slip with the coin or coins and also the coins inside the package. One time a guy asked the number of my PCGS coin probably knowing a sold a lot of them at the time. I quickly sent him a picture of the coin I sent him with the number and packing slip clearly visible. He did this after saying he never received it. I also copied the tracking informtion that showed he received it. That was the end of it.
You can't be too careful.
That's my take on it.
I will accept paypal for over $1000 as, at that level, I think I get more bidders if they can use a credit card for the purchase.
I like having more bidders which likely lead to a higher price for my auctions
I just try to be careful....confirmed/verified, etc.
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
i have no problem as a seller or buyer using a check and
waiting, zomg, an extra 7 days to get the stuff.
i do not care to sell to an impatient twit who will probably be
the type to cause trouble anyway.
That's my take on it."
I agree with you and everything else being equal in terms of feedback and longevity on ebay I would much rather go with someone who accepts paypal as opposed to someone who only accepts checks, but this is only from a buying perspective; however if SELLER A (who only accepts checks) had a 300 fb rating that was 100% and SELLER B (who accepts paypal) had a 25 fb rating that was 100%, I would probably go with SELLER A just because he has likely shipped in excess of 500 products without any complaints, so first the odds of an issue ever occuring are very slim and second if one did occur I would think that he would want to keep this perfect record and make me happy. If I instigated a paypal dispute with SELLER B who accepts paypal I'm not even sure if I would win anyways since it would be my word against his. Plus I have found the best deals from people who only accept checks, but NO I will never send a check to somebody unless they have been on ebay for at least a year and have a fb score of 100 or more and 100% or very close to 100%.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>I will accept paypal for over $1000 as, at that level, I think I get more bidders if they can use a credit card for the purchase.
I like having more bidders which likely lead to a higher price for my auctions
I just try to be careful....confirmed/verified, etc. >>
Good points, there. If one were willing to suck it up and take the fees and the risk, the added convenience to the potential buyer(s) just might result in more bids and, as a result, a better return to the seller, if we're talkin' auctions, here.
I know I like to have the credit card option out there if I am making bigger buys.
Collector since 1976. On the CU forums here since 2001.
PayPal states that sellers are OK as long as they ship to the address provided on the transaction page but also goes on to state that (what is it...$200- $300??) the seller MUST use Signature Confirmation. even if using USPS Insurance - which is sorta being redundant, don't you think?
At any rate, the amount PayPal TAKES does add up to quite a bit. Couple this with all the eBay fees and buyers trying to get things for next to nothing, that ballpark total of about 10% DOES HURT!
Once an item gets to a certain figure - NO PAYPAL except for e-checks with the protection (for the buyer) of PayPal still being in place. $500 item/ PayPal TAKES right at $15, ebay FVF is right at $25! Oh. and then insertion fees, picture fees, Gallery fees - unless you use Auctiva or Photobucket - STILL adds up to a nice chunk of change.
E-Check thru PayPal - $5 flat fee.
Bye Bye Profit!
I like having more bidders which likely lead to a higher price for my auctions
I just try to be careful....confirmed/verified, etc. >>
<<Good points, there. If one were willing to suck it up and take the fees and the risk, the added convenience to the potential buyer(s) just might result in more bids and, as a result, a better return to the seller, if we're talkin' auctions, here.
I know I like to have the credit card option out there if I am making bigger buys. >>
I also agree with this, but what I tend to do on large sales is get some good comparable sales and then do a minumum bid and buy it now really close to the going rate on ebay. For example, if I've seen 3 previous sale for $1500, $1425, and $1550 I would probably do a minumum bid of $1450 and a buy it now of $1500. Yes, if you are letting it ride and starting an auction off at .01 for a coin you expect to get a few thousand dollars for then it is suicidal not to accept paypal, but if you can get a feel for the going rate for a coin you can price it accordingly and save 3.5 to 4% of the final sale price if you cut out paypal fees by only accepting checks. If you do $100,000 a year in coin sales that can add up to almost $4000 in saved paypal fees and I can think of many things to do with $4000 like stick it in an IRA. So what if the auction ends in no bids you only risked like $5 or $6 in listing fees. I don't do this much in sales, but even at $50,000 that is still about $2000 in savings. Once again, as long as your are willing to price it fairly and start with minumum bids close to what you want to get then it seems more prudent to me to not accept paypal on large transactions. Of course, you do need a strong fb record to get buyers to trust you.
But I wouldn't be surprised if accepting PayPal on a $2000 item resulted in getting at least $60 more for it.
It would even be better if you could steer buyers toward an e-check. I know you have to accept PayPal in all its forms to accept it as payment on eBay, but would it be against the rules to give something like a 1% "rebate" after the fact to someone who used an e-check? For example, if someone paid $2000 through PayPal, it would be about a $60 hit if they used a credit card instead of an e-check. Using an e-check would save $55. Would it run afoul of the rules to accept any form of PayPal, but split the savings with the buyer by giving them a $20 "rebate" back into the buyer's PayPal account if they pay by e-check?
You would be accepting all forms of payment and eBay/PayPal got all the fees they were entitled to, but the seller would just be giving an incentive for a lower-cost option.
<< <i>I don't care for the fact that you cannot ascertain whether or not buyers have confirmed addresses till AFTER you've already begun to print your shipping label. >>
Huh? You can see right on the payment details page if the address is confirmed or not before you start the label process.
Furthermore, if this is such a big deal, just change your PayPal preferences to not accept payments from buyers with unconfirmed addresses. Voila! Problem solved.
Funny how there is this incessant ranting about PayPal taking 2.9%, but no one seems to have a problem with merchant accounts taking a similar percentage plus a monthly fee...
I've bought and sold countless items above the $1,000 level via PayPal without issue. As someone else mentioned, many of the purchases (in either direction) would not have been made without PayPal, without the ability to fund via credit card...
Don't like it, don't use it. Simple.
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<< <i>I don't care for the fact that you cannot ascertain whether or not buyers have confirmed addresses till AFTER you've already begun to print your shipping label. >>
Set your payment receiving preferences to reject payments from users with unconfirmed addresses. Problem solved.
Fact: Accepting credit cards increases revenue. This is indisputable.
Russ, NCNE
the buyer sign for the it. If you rely on Paypal (Ebay) to protect you from unscrupulous buyers, you will be very disappointed.
<< <i>$500 item/ PayPal TAKES right at $15, ebay FVF is right at $25! >>
On $500, PayPal is $11.30, and the final value fee is $16.75.
Russ, NCNE
<< <i>So I accept paypal on everything but give a 2% discount to buyers off ebay that pay by check or MO. Ebay of course won't let me do this... >>
eBay allows you to give a discount to buyers who pay you by your preferred form of payment.
<< <i>
<< <i>$500 item/ PayPal TAKES right at $15, ebay FVF is right at $25! >>
On $500, PayPal is $11.30, and the final value fee is $16.75.
Russ, NCNE >>
On an auction, yes. On a $500 eBay Stores item, the FVF is $27.75. (just clarifying)
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<< <i>It would even be better if you could steer buyers toward an e-check. I know you have to accept PayPal in all its forms to accept it as payment on eBay, but would it be against the rules to give something like a 1% "rebate" after the fact to someone who used an e-check? For example, if someone paid $2000 through PayPal, it would be about a $60 hit if they used a credit card instead of an e-check. Using an e-check would save $55. Would it run afoul of the rules to accept any form of PayPal, but split the savings with the buyer by giving them a $20 "rebate" back into the buyer's PayPal account if they pay by e-check?
You would be accepting all forms of payment and eBay/PayPal got all the fees they were entitled to, but the seller would just be giving an incentive for a lower-cost option. >>
I list in my auctions that I "accept some types of online payment (ask a question if you want to know which ones)" but never specifically mention paypal. I have two paypal accounts - one set up to accept credit/debit cards, and one that doesn't (so no fees for paypal transactions). At the end of the auction, I let the buyer know that I'll accept non-credit/debit card paypal at no extra cost, or will accept credit/debit card paypal if they'll cover the 3% fee (I also mention that I accept personal check or money orders). If they want to pay with paypal, they just let me know if it's by a debit/credit card or not, then I submit the ebay invoice to them that's linked to the correct paypal account of mine (adding the 3%, if necessary, on the invoice). So far I've only had one guy complain about this a while back, telling me he was going to pay by paypal with a credit card and no extra fees (for like a $5 auction), citing ebay's policy of accepting all forms of paypal with no surcharges... I simply told him that at no point in my auction did I specifically state I accepted paypal so if he didn't want to cover the 3% fee, he could waste a stamp and send me a check or money order... the guy ended up sending a money order......... but he's the only one that's had any sort of problem with how I handle paypal in my auctions.
full tilt poker: speedracer75 (look me up on sharkscope or officialpokerrankings)
<< <i><< $500 item/ PayPal TAKES right at $15, ebay FVF is right at $25! >>
On $500, PayPal is $11.30, and the final value fee is $16.75.
Russ, NCNE >>
On an auction, yes. On a $500 eBay Stores item, the FVF is $27.75. (just clarifying) >>
Holy crap! Store owners are getting bent over.
Russ, NCNE
<< <i>So far I've only had one guy complain about this a while back, telling me he was going to pay by paypal with a credit card and no extra fees (for like a $5 auction), citing ebay's policy of accepting all forms of paypal with no surcharges... I simply told him that at no point in my auction did I specifically state I accepted paypal so if he didn't want to cover the 3% fee, he could waste a stamp and send me a check or money order... the guy ended up sending a money order......... but he's the only one that's had any sort of problem with how I handle paypal in my auctions. >>
Be glad he didn't report you. Whether or not you mention your surcharge policy in the auction it is still a violation of both the eBay and PayPal TOS to charge one.
Russ, NCNE
<< <i>I list in my auctions that I "accept some types of online payment (ask a question if you want to know which ones)" but never specifically mention paypal. I have two paypal accounts - one set up to accept credit/debit cards, and one that doesn't (so no fees for paypal transactions). At the end of the auction, I let the buyer know that I'll accept non-credit/debit card paypal at no extra cost, or will accept credit/debit card paypal if they'll cover the 3% fee (I also mention that I accept personal check or money orders). If they want to pay with paypal, they just let me know if it's by a debit/credit card or not, then I submit the ebay invoice to them that's linked to the correct paypal account of mine (adding the 3%, if necessary, on the invoice). So far I've only had one guy complain about this a while back, telling me he was going to pay by paypal with a credit card and no extra fees (for like a $5 auction), citing ebay's policy of accepting all forms of paypal with no surcharges... I simply told him that at no point in my auction did I specifically state I accepted paypal so if he didn't want to cover the 3% fee, he could waste a stamp and send me a check or money order... the guy ended up sending a money order......... but he's the only one that's had any sort of problem with how I handle paypal in my auctions. >>
Just so you know, it's not an eBay rule, but rather a PayPal rule, clearly specified in the user agreement. If that buyer had gotten upset, you could have found your PayPal account shut down. Not specifying PayPal in the text of the auction has nothing to do with it.
Here are the relevant sections from the PayPal user agreement:
4.7 No Surcharges. You agree that you will not impose a surcharge or any other fee for accepting PayPal as a payment method. You may charge a handling fee in connection with the sale of goods or services, as long as the handling fee does not operate as a surcharge and is not higher than the handling fee you charge for non-PayPal transactions.
4.8 No Splitting Payments. You may not split payments between a Personal Account and a Premier or Business Account by directing buyers paying with a credit card to send payments to your Premier or Business Account, and buyers paying with their Balance or bank account to send payments to your Personal Account. If you do so, we will charge you the Fees that would have applied to a Business or Premier Account.
I'm not sayin', I'm just sayin'...
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<< <i>Be glad he didn't report you. Whether or not you mention your surcharge policy in the auction it is still a violation of both the eBay and PayPal TOS to charge one.
Russ, NCNE >>
Just checked ebay's policy on surcharges, and you're indeed right... thought I had found a way around ebay policy by not stating that I specifically accepted paypal. I guess I could just drop accepting CC's altogether and just mention I can accept non-credit/debit card paypal... or I could just add $1 or so to all my S/H costs, which will probably help even things out over the long run...
full tilt poker: speedracer75 (look me up on sharkscope or officialpokerrankings)
<< <i>I guess I could just drop accepting CC's altogether and just mention I can accept non-credit/debit card paypal... >>
Can't do that either. If you accept PayPal, you must accept all forms.
Russ, NCNE
<< <i>Just so you know, it's not an eBay rule, but rather a PayPal rule, clearly specified in the user agreement. If that buyer had gotten upset, you could have found your PayPal account shut down. Not specifying PayPal in the text of the auction has nothing to do with it.
Here are the relevant sections from the PayPal user agreement:
4.7 No Surcharges. You agree that you will not impose a surcharge or any other fee for accepting PayPal as a payment method. You may charge a handling fee in connection with the sale of goods or services, as long as the handling fee does not operate as a surcharge and is not higher than the handling fee you charge for non-PayPal transactions.
4.8 No Splitting Payments. You may not split payments between a Personal Account and a Premier or Business Account by directing buyers paying with a credit card to send payments to your Premier or Business Account, and buyers paying with their Balance or bank account to send payments to your Personal Account. If you do so, we will charge you the Fees that would have applied to a Business or Premier Account.
I'm not sayin', I'm just sayin'... >>
Thanks for the info... I've (obviously) never bothered to read the user agreement... sounds like the best course of action (that follows both ebay and paypal user agreements) would just be to tack on $1 to all of my S/H costs or to just stop accepting CC paypal payments altogether. I think I can still safely tell buyers that I can accept non-credit/debit card payments (no extra fees), right?
full tilt poker: speedracer75 (look me up on sharkscope or officialpokerrankings)
<< <i>Thanks for the info... I've (obviously) never bothered to read the user agreement... sounds like the best course of action (that follows both ebay and paypal user agreements) would just be to tack on $1 to all of my S/H costs or to just stop accepting CC paypal payments altogether. I think I can still safely tell buyers that I can accept non-credit/debit card payments (no extra fees), right? >>
Nope. If you accept PayPal, you accept PayPal. Period. The only methods you may deny are E-checks or payments from people with unconfirmed addresses; both of these are configurable via settings in your PayPal account.
[Edit: Also, inflating shipping costs to compensate for fees is considered a no-no by many. The best method is to factor fees along with your other business costs into the starting or asking prices for your items.]
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<< <i>
<< <i>I guess I could just drop accepting CC's altogether and just mention I can accept non-credit/debit card paypal... >>
Can't do that either. If you accept PayPal, you must accept all forms.
Russ, NCNE >>
Even if the auction states I can accept some forms of online payment (I don't list which ones)? This would be akin to only having a personal paypal account... it's not my fault that personal accounts don't accept credit/debit cards. I only inform the buyer after the auction is over that I can accept non-credit/debit card paypal... I'm just giving the buyer another means to pay for the auction that I didn't list in the auction as an accepted form of payment.
By the way, thanks to both of you for the info regarding this... I'm going to try and straighten out how I can handle paypal with my auctions that doesn't go against ebay or paypal user agreements...
full tilt poker: speedracer75 (look me up on sharkscope or officialpokerrankings)
<< <i>Even if the auction states I can accept some forms of online payment (I don't list which ones)? This would be akin to only having a personal paypal account... it's not my fault that personal accounts don't accept credit/debit cards. I only inform the buyer after the auction is over that I can accept non-credit/debit card paypal... I'm just giving the buyer another means to pay for the auction that I didn't list in the auction as an accepted form of payment.
By the way, thanks to both of you for the info regarding this... I'm going to try and straighten out how I can handle paypal with my auctions that doesn't go against ebay or paypal user agreements... >>
I understand the logic behind your position, however the PayPal user agreement specifically prohibits this. You're wanting to find a way around having to pay PayPal fees, and PayPal of course does not want you to do this.
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<< <i>I am also concerned with accepting a phony money order/cashiers check. This concerns me even more.
You can't be too careful. >>
Ditto, There are a lot of bad checks and sometimes you won't know until after 6-9 months. There is no recourse when this happens.
At least with Pay-Pal if you use signature confirmation they will often side with the seller.
<< <i>Nope. If you accept PayPal, you accept PayPal. Period. The only methods you may deny are E-checks or payments from people with unconfirmed addresses; both of these are configurable via settings in your PayPal account.
[Edit: Also, inflating shipping costs to compensate for fees is considered a no-no by many. The best method is to factor fees along with your other business costs into the starting or asking prices for your items.] >>
So if I only had a personal paypal account (I know I mentioned already that I have both types of accounts, but for argument's sake), I couldn't even tell buyers that I could accept some types of paypal payment? That seems kind of retarded...
Regarding S/H, I know what you mean about S/H fees... as it is, I don't think I overly inflate them (I typically list S/H as $2.99, which I think is less than what most of other sellers S/H costs are). As a buyer, I make it a point to steer clear of any auction that's obviously charging insane S/H costs... but I don't think an increase to $3.99 is overly out of line either...
full tilt poker: speedracer75 (look me up on sharkscope or officialpokerrankings)
<< <i>So if I only had a personal paypal account (I know I mentioned already that I have both types of accounts, but for argument's sake), I couldn't even tell buyers that I could accept some types of paypal payment? That seems kind of retarded... >>
You have to remember: PayPal is looking after THEIR bottom line, not yours. The idea is that if you have a personal account and someone wants to pay you via credit card, then the solution is for you to upgrade your PayPal account to a premier account, thus paying fees on ALL incoming payments, thus increasing their bottom line.
No one ever said it was fair, but if you want to use the service, you have to abide by the rules.
P.S. I honestly don't know why PayPal hasn't just done away with personal accounts entirely. That would make things much simpler...
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<< <i>You have to remember: PayPal is looking after THEIR bottom line, not yours. The idea is that if you have a personal account and someone wants to pay you via credit card, then the solution is for you to upgrade your PayPal account to a premier account, thus paying fees on ALL incoming payments, thus increasing their bottom line.
No one ever said it was fair, but if you want to use the service, you have to abide by the rules.
P.S. I honestly don't know why PayPal hasn't just done away with personal accounts entirely. That would make things much simpler... >>
Paypal's bottom line probably looks a whole lot better than mine, that's for sure...
Another question... now assuming I accept paypal (in all it's glorious forms), would it be within the rules to ask the buyer by what method they're sending the paypal payment, and then provide them an ebay invoice that's linked to the paypal account of my choosing (i.e. I'd put in the personal account for non-CC, and the business account for CC)?
full tilt poker: speedracer75 (look me up on sharkscope or officialpokerrankings)
That is within the TOS as I will still accept my STATED shipping charges/price but I offer a discount for other methods.
Only had a few take me up on it so far and that is fine as well.
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
<< <i>
<< <i><< $500 item/ PayPal TAKES right at $15, ebay FVF is right at $25! >>
On $500, PayPal is $11.30, and the final value fee is $16.75.
Russ, NCNE >>
On an auction, yes. On a $500 eBay Stores item, the FVF is $27.75. (just clarifying) >>
Holy crap! Store owners are getting bent over.
Russ, NCNE >>
Yes! And it really hurts!
But, we do get a listing fee break of 1 cent to list an item and there are other cheap fees but it doesn't come close to those EBay Store Final Value fees!
The name is LEE!
<< <i>Another question... now assuming I accept paypal (in all it's glorious forms), would it be within the rules to ask the buyer by what method they're sending the paypal payment, and then provide them an ebay invoice that's linked to the paypal account of my choosing (i.e. I'd put in the personal account for non-CC, and the business account for CC)? >>
Nope. See above responses. That's splitting payments; prohibited under section 4.8.
The bottom line is that if you are going to accept PayPal, you're going to have to accept credit card payments and pay the fees.
If the 2.9% is going to kill you, then something is wrong with your pricing.
I find the eBay fees to be far more onerous than PayPal. It's not even close.
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<< <i>So if I only had a personal paypal account (I know I mentioned already that I have both types of accounts, but for argument's sake), I couldn't even tell buyers that I could accept some types of paypal payment? That seems kind of retarded... >>
How do you think PayPal makes money. They want you to convert to a Premium account so they can make money.
I also was doing what you did and mentioned it here on the forum. Boy did I get flamed! You seemed to have survived with just a scratch.
I guess the Board has mellowed somewhat.
<< <i>How do you think PayPal makes money. They want you to convert to a Premium account so they can make money.
I also was doing what you did and mentioned it here on the forum. Boy did I get flamed! You seemed to have survived with just a scratch.
I guess the Board has mellowed somewhat. >>
And I'm thankful for the lack of flaming...
Thanks again to all for the responses...
full tilt poker: speedracer75 (look me up on sharkscope or officialpokerrankings)
I should have been a little clearer regarding this statement. As shown below it depends on the type account one has. I have the 2.9% plus.30 per transaction rate because it's a Premier Business Account, so I just rounded it off the 3% of $500, the example used, and came up with the $15 in PP fees alone.
They (PP) take this 3% off the sale price AND the S/H together therefore in the event I charge (for illustrative purposes) $15 S/H and provide USPS Insurance AND Signature Confirmation, in accordance with their guidelines, in essence (PP) takes the $15 I've charge for S/H, leaving me/ us to forfeit what we have charged and having to pay S/H out of pocket.
Fees
--------------------------------------------------------------------------------
Personal Account Premier/Business Account
Open an Account Free Free
Send Money Free Free
Withdraw Funds Free for bank accounts in the U.S
Fees for other withdrawal options Free for bank accounts in the U.S
Fees for other withdrawal options
Add Funds Free Free
Receive payments funded by PayPal Balance, PayPal Instant Transfer or PayPal eCheck Free 1.9% to 2.9% + $0.30 USD
Receive payments funded by Credit Card, Debit Card or Buyer Credit 4.9% + $0.30 USD (limit of 5 transactions per 12 month period)** for domestic or U.S. transactions
2% + applicable Fees Fees for cross border payments
4.9% plus $0.30 USD for card payments received using PayPal on Skype 1.9% to 2.9% + $0.30 USD
******************************************************************************************
And this is the Final Value fee structure on auction style listings:
Final Value Fees
Closing Price
Final Value Fee
Item not sold
No Fee
$0.01 - $25.00
5.25% of the closing value
$25.01 - $1,000.00
5.25% of the initial $25.00 ($1.31), plus 3.25% of the remaining closing value balance ($25.01 to $1,000.00)
Equal to or Over $1000.01
5.25% of the initial $25.00 ($1.31), plus 3.25% of the initial $25.01 - $1,000.00 ($31.69), plus 1.50% of the remaining closing value balance ($1000.01 - closing value
EVEN WORSE THAN I FIRST ALLUDED TO THEREBY MAKING THE FVF ON A $500 AUCTIONED ITEM, OF WHICH EBAY IMPOSES THESE FEES ON THE ACTUAL SALE PRICE ALONE (Not including S/H like PayPal) 5.25% of the initial $25.00 ($1.31), PLUS 3.25% of the remaining closing value balance ($25.01 to $1,000.00).
Anyway we choose to look at this one thing is certain, eBay is going to get theirs, hand over fist, all day, every day!
Even if an item does NOT sell they are STILL going to make money on insertion, Gallery and picture fees, provided you do not use an entity such as Auctiva or Photobucket.
If we use eBay Picture Services and dress listings up with BOLD or Featured Gallery (or more) eBay and PayPal certainly TAKE a HUGE chunk out of our slim profit margins, provided we are fortunate to sell in Black Figures. Sell or not, when you take into consideration how many listings are inserted all day/ every day, it becomes abundantly clear just how staggering an amount eBay rakes in constantly.
<< <i>EVEN WORSE THAN I FIRST ALLUDED TO THEREBY MAKING THE FVF ON A $500 AUCTIONED ITEM, OF WHICH EBAY IMPOSES THESE FEES ON THE ACTUAL SALE PRICE ALONE (Not including S/H like PayPal) 5.25% of the initial $25.00 ($1.31), PLUS 3.25% of the remaining closing value balance ($25.01 to $1,000.00). >>
Which, as I said, comes to $16.75, not the $25 you stated.
Russ, NCNE
<< <i> should have been a little clearer regarding this statement. As shown below it depends on the type account one has. I have the 2.9% plus.30 per transaction rate because it's a Premier Business Account >>
I also have a Premier account. Right now I'm paying 2.2% plus 30c.
Russ, NCNE
<< <i>
<< <i> should have been a little clearer regarding this statement. As shown below it depends on the type account one has. I have the 2.9% plus.30 per transaction rate because it's a Premier Business Account >>
I also have a Premier account. Right now I'm paying 2.2% plus 30c.
Russ, NCNE >>
I pay the 2.9% as well....isn't volume part of what drops it lower? Russ, you do a lot of volume
For people using ebay/paypal as a business (if you aren't just selling dupes or the occassional flip, I think you are likely using it as a business), then you need to understand the costs and figure if it is worthwhile for you to do it or not.
For me, as a hobbyist selling dupes/mistakes, or the occassional flip, I'm not complaining. I don't have the collector base near me to sell well and the dealers certainly won't pay what a collector would. Interestingly enough, with only a few exceptions, most of my sales are to east coast people (NY and FL are the popular ones).
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
I have been tossing around the idea of only accepting paypal.....I have no problem paying 3% for the service, not to mention the protection offered.....
Alan
<< <i>If an Ebay auction winner uses a stolen credit card for paypal payment and gets the shipped merchandise.. who is out the the money , Paypal or the seller ? >>
If the item is not shipped to the billing address of the credit card, ("confirmed" in PayPal lingo), the seller is out the money. This is the way it is with any internet credit card transaction regardless of who the merchant processing service is.
Russ, NCNE