<< <i>That sucks. I'm usually a proponent of eBay, but this no check and money order thing is an absolute joke. Sellers are going to leave in droves and buyers won't be far behind. What a friggin' joke. >>
I don’t do much with ebay, but it certainly sounds like they are forcing everyone to run payments through their ebay-owned system, thereby collecting an extra fee for the “non service.” I do not use Paypal now and will not use it in the future – a credit card merchant account is much easier and usually cheaper to maintain.
It would appears that ebay is actually increasing the risk of loss by sellers and discouraging contact between buyer and seller.
<< <i>I feel really bad for sellers like Flacoin that sell heavily internationally and do not accept PayPal. They'll drive alot of these good guys away. >>
good point...I didn't think of that.
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
IIRC, did they try this in Australia, and it got kabashed? I guess they think they have more political clout here to make it happen, or they are just stupidly arrogant -- either certainly is a possibility.
I accept all forms of payment, and after finally accepting pay-pal some time back. I have noticed that 97% of folks pay with pay-pal anyway. However, I do as well have a few folks who dont, and will not sign up. They will probably go elsewhere to buy once this goes into affect. I am also worried at the dreaded Pay-pal chargeback on large item purchase from dishonest folks. Also, some coins I sell are mid 4 figure and higher and I just dont have the profit margin to give all that extra money up out of the profit margin.
The one positive I can think of is potentially getting more buying opportunity locally in the shop. Over the past few years many people elect to try and sell thier coins themselves instead of taking them to thier local dealer and use E-bay. Now that they will have to go an extra step and sign up with pay-pal and meet all the new requirments, not to mention have recorded sales may elect not to go that route and sell to there local dealer such as myself.
<< <i> It would appears that ebay is actually increasing the risk of loss by sellers and discouraging contact between buyer and seller. >>
I didn't think of this but ebay is working hard to eliminate the ability of buyers and sellers to communicate. They know that when buyers and sellers get each other's contact info sales happen off ebay. --Jerry
<< <i> It would appears that ebay is actually increasing the risk of loss by sellers and discouraging contact between buyer and seller. >>
I didn't think of this but ebay is working hard to eliminate the ability of buyers and sellers to communicate. They know that when buyers and sellers get each other's contact info sales happen off ebay. --Jerry >>
Take a look at the Ioffer site. They eliminate buyers & sellers exchanging contact info or sellers redirecting buyers. They've picked-up the 3-4 million listings per day that feebay has lost.
I mostly stopped using Paypal when ebay took them over. I'm at the post office often enough to have no problem buying a USPS money order. Not being offered a check or money order payment option = no more of my business for ebay. Let the new ebay CEO run ebay down into the ground. I really don't care anymore.
<< <i> It would appears that ebay is actually increasing the risk of loss by sellers and discouraging contact between buyer and seller. >>
I didn't think of this but ebay is working hard to eliminate the ability of buyers and sellers to communicate. They know that when buyers and sellers get each other's contact info sales happen off ebay. --Jerry >>
Didn't eBay already announce that later this year they were going to do away with the ability for buyers and sellers to communicate outside of eBay Messages, i.e., eliminating email addresses alltogether?
Granted, that doesn't prevent someone from sending a message saying "Hey, drop me a note at blah@freakinghotmail.com to discuss this further", but my guess is that eBay will either (1) parse messages and strip out email addresses, or (2) make it a NARU-able offense.
Well you don;t really have to put the @ sign in there to get the addy info and this would not surprise me in the least.
I find that eBay now appears to be more interested in increasing their bottom line instead of addressing their actual bread and butter: Sellers
No Sellers = No Buyers = No FVF's (which are a lot more than listing fees) = No PayPal Fees.
I do like the 30 day BIN structure though and the 12% FVF simply brings it up to par with what a store owner pays right now. However, if they increase the Store Front FVF's then I'll just close down the store and that will be yet another $16 they won't get every month.
Sales have sucked lately anyway...............
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
Like any massive company (Walmart, Microsoft, Google, etc....) that is hugely profitable, Ebay will do what they want and The Market will adjust to them (never the other way around...that's capitalism baby!).
<< <i>When Ebay banned Google Checkout in 2006, they were promptly sued in Federal court under the Sherman Antitrust Act. (Malone v. Ebay, Inc.) Ebay testified that Google Checkout was not banned because it was a competitor to Ebay's Paypal, which would have been illegal, but rather because it was "not safe" because it was "too new."
Yet the August 2008 revised Ebay rules state:
What about Google Checkout, Checkout by Amazon or Amazon Flexible Payment Services? Will these payment methods be offered?
No. The electronic payment methods available on eBay already provide security and protections and are already used by the vast majority of our buyers and sellers... Google's and Amazon's products and services compete with eBay on a number of levels, so we are not going to allow them on eBay.
This is a real smoking gun...the 18 1/2 minute gap...the stained blue dress...Ebay admits that they are banning competing online credit card payment services because they might offer better protection, lower rates, or a higher level of service...to the ebay SELLERS who actually PAY for the service! >>
Don't get your panties in a wad Frank. If eBay issued a press release saying that, I would agree with you. Right now, it's just some know-nothing manager's web page and email. She doesn't speak for the company, she's just pushing product.
What Ebay once was, is not what ebay is now. The atmosphere they once had enabled them to expand their market and see huge growth way back when. These things are now being methodically stripped away from the current venue. They have really lost touch from the origins in my opinion.
My ratio of "hours of viewing" to "things of interest" has grown to the point it is hardly worth even spending anytime on ebay these days for me. Folks seem to just seek out other venues for selling/buying personal items. Sure, I will sell things on occasion, but my activity on ebay (where they make their commisions) has dwindled to nearly nil.
It's too bad really. But good things come and go....
<< <i>Oh, and for those who think this ISN'T a bad move, this month alone I've deposited $4468.83 in checks and money orders....
So.....are you implying that that $4,500 would disappear into thin air if people were forced to pay via an online solution? If so, that's a bit of a reach.
Dave >>
Of course, most of that revenue would still have come in since, in the absence of the mail payer, the underbidder would have won. But, that is not the point. The customers disappear. Two of my regular mail payers have already told me they're done with eBay, and the announcement is only a day old. If the "new eBay" is all about the buyer, why have the made a change that negatively impacts the buyer? The answer is simple. It's a fee grab.
<< <i>Oh, and for those who think this ISN'T a bad move, this month alone I've deposited $4468.83 in checks and money orders. It will hurt anybody selling in the collectibles categories.
Russ, NCNE >>
Russ, I suspect you pointed this out to your eBay rep. Have they responded? >>
Yep, I have a call in to him. Haven't heard back yet, but that isn't surprising since he's likely swamped right now.
The customers disappear. Two of my regular mail payers have already told me they're done with eBay, and the announcement is only a day old. If the "new eBay" is all about the buyer, why have the made a change that negatively impacts the buyer? The answer is simple. It's a fee grab.
I have seen very few changes on ebay the last few years that did not end up having some type of negative impact on either buyers or sellers. In either case this ends up having the same net result-a negative result. If you drive buyers away or sellers away it impacts both.
its a "fee grab" is spot on! Are any of the actions ebay has taken in the past few years not driven by the "fee grab" factor, or "positioning" themselves for a future fee grab?
much like when you see folks in the coin shop trying to sell their silverware in a roaring sliver market, my mother is starting to frequent ebay, and other folks I know that would never consider it before.....it's time to get out!! The old timer users are dissapearing and being replaced by LLBean shoppers...
Of course, most of that revenue would still have come in since, in the absence of the mail payer, the underbidder would have won. But, that is not the point. The customers disappear. Two of my regular mail payers have already told me they're done with eBay, and the announcement is only a day old. If the "new eBay" is all about the buyer, why have the made a change that negatively impacts the buyer? The answer is simple. It's a fee grab.
I understand a bit more now, but I still think your assumition is flawed, at least concerning 'the the underbidder would have won' portion. Given the news rules, I would expect many of your buyers to just 'give in', and use PayPal. I mean, given it's free, from a Buyer's prespective, I don't see the the big deal. No lives are lost. Of course, I'm assuming they want your products. So in this situaltion, it would clearly not be just your underbidders winning these auctions.
Is it a fee grab? Sure is it. Capitalism 101.
Dave
Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
I tried to pay with paypal last night. It said I had to choose another form of funding.
I called customer service. They said there was a security program that randomly chooses transactions and you have to use another funding source.
At the time I wanted to put the purchase on my 0% card and not draw from my bank.
Tough elmo paypal said. The rep said I had three options. Draw from my checking account, add another CC or send a check/money order. I asked the lady if there was a problem with my card.
No, she replied, just a security procedure PayPal has in place. What the heck is that about????
<< <i>What's to stop the buyer and seller from making private payment arrangements outside of the eBay venue? >>
Nothing.
And if eBay doesn't think buyers and sellers will figure this out, they're bigger fools than I would ever have thought.
1. Bidder wins auction. 2. Seller emails payment info, with no option for checks/money orders. 3. Bidder asks if he can pay by check. 4. Seller says sure. 5. Seller files for a FVF refund for cancelled transaction due to "mutual agreement" with buyer's cooperation. 6. Buyer and seller transact deal outside of eBay. 7. No feedback (read: no record of the transaction) is left on eBay. 8. eBay forfeits the FVFs. 9. Buyer gets coins. 10. Seller gets money.
Not that I'm advocating using this method, mind you...
<< <i> It would appears that ebay is actually increasing the risk of loss by sellers and discouraging contact between buyer and seller. >>
I didn't think of this but ebay is working hard to eliminate the ability of buyers and sellers to communicate. They know that when buyers and sellers get each other's contact info sales happen off ebay. --Jerry >>
Didn't eBay already announce that later this year they were going to do away with the ability for buyers and sellers to communicate outside of eBay Messages, i.e., eliminating email addresses alltogether?
Granted, that doesn't prevent someone from sending a message saying "Hey, drop me a note at blah@freakinghotmail.com to discuss this further", but my guess is that eBay will either (1) parse messages and strip out email addresses, or (2) make it a NARU-able offense.
Greetings, citizen. Are you well? >>
Are they also going to eliminate the ability to communicate thru PayPal too? After you get the info thru PP you can simply refund the payment and do it any other way that you and the other party agree on. Unless you can get coins for 30% back of bid its going to be almost impossible to make money on eBay. I don't even see why you would waste effort on items under $100.
<< <i>I do not do high volume selling on eBay but I've always accepted check, money order and PayPal. I can't remember the last time the buyer DIDN'T use PayPal. >>
<< <i>I do not do high volume selling on eBay but I've always accepted check, money order and PayPal. I can't remember the last time the buyer DIDN'T use PayPal. >>
I agree ... I offer PayPal, along with M.O. & checks, but I would guess that only 1 in 100 does not pay via PayPal. As such, in my case, it will not make a difference. >>
Most people use it out of force of habit I suppose; then again it doesn't cost the buyer anything to use it. As a buyer I don't mind using it, but as a seller I'd hate it.
<< <i>I tried to pay with paypal last night. It said I had to choose another form of funding.
I called customer service. They said there was a security program that randomly chooses transactions and you have to use another funding source.
At the time I wanted to put the purchase on my 0% card and not draw from my bank.
Tough elmo paypal said. The rep said I had three options. Draw from my checking account, add another CC or send a check/money order. I asked the lady if there was a problem with my card.
No, she replied, just a security procedure PayPal has in place. What the heck is that about????
PayPal SUCKS >>
This has to do more with feebay / PayPal boosting their margins. The card you used prolly has a higher transaction fee for the processor (PayPal). You'll find that the next wave of revenue enhancement in the money hungry duopoly will be that buyers won't be able to use a CC with cash back, points, etc. because it PP will incure higher transaction costs...or they will raise the fees to sellers again.
No mention of items that cost more than 10,000 dollars. Is ebay/paypal going to discourage this? Most paypal customers purchase limit is 10K. Everytime I have had a paypal transaction over 10K, the buyer had to send multiple smaller payments to get it to work. Lucky for me they liked what i sold them. Opinions/Observations/Suggestions welcome.
have not read all posts, so sorry if brought up already---
there have been plenty of studies and surveys on the average age of coin collectors
the average coin collector is over 50 years old, and lots of them do not have paypal accounts-----most of the check and money order payments we receive are from the older crowd.
it would be a very bad move for ebay to require paypal payments for the coin sector.
Guys I've used ebay for many years on and off. Haven't been paying too much attention lately as I have not bought or sold anything lately. Seems like ebay really has changed a lot from what it used to be and really has a strangle hold on sellers and what they can or cannot do such as leaving negative feedback.
My question is this, I have read that many sellers have been fed up with ebay...........what site are they using to sell now?
Are there other big auction sites besides ebay?
Thanks
Successful Buying and Selling transactions with:
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
Correct me if I'm wrong, but I believe that the Paypay vig even for Premier business accounts is 2.8% of the amount being processed, with no ceiling on the amount that carries that vig on instant payments. But on e-check payments, the flat fee of $5.00 per transaction is a loser for Paypay for amounts above $180. So if my assumption is correct, what do you think would be the net effect if nearly everyone suddenly decided to use the e-check method of payment? Conversely, I've always suspected that Payvig makes up for the flat fee by the extended period that most e-checks take to complete the transfer from one account to another. It's called a float. Russ, you around?
<< <i>Correct me if I'm wrong, but I believe that the Paypay vig even for Premier business accounts is 2.8% of the amount being processed, with no ceiling on the amount that carries that vig on instant payments. But on e-check payments, the flat fee of $5.00 per transaction is a loser for Paypay for amounts above $180. So if my assumption is correct, what do you think would be the net effect if nearly everyone suddenly decided to use the e-check method of payment? Conversely, I've always suspected that Payvig makes up for the flat fee by the extended period that most e-checks take to complete the transfer from one account to another. It's called a float. Russ, you around? >>
It costs them about 30¢ to process an echeck so I don't think they'll go belly-up by charging $5. No meaningful float involved. Four business days is about how long the check clearing process takes.
The checkbox options for checks/money orders no longer appear on eBay's listing form. Here's something from the General Announcements page:
Paperless Payments Required eBay's new Paperless Payments policy will roll-out this week. That means sellers will no longer be able to list an item without one of the approved electronic payment methods: PayPal, credit or debit card payment to a seller's merchant account, or ProPay. You can also offer Pay on Pickup in addition to these payment methods. If you don’t already, you should add at least one of the approved electronic payment methods to your listings immediately so they aren't blocked when you relist. Once the new policy rolls-out, prohibited payment methods will no longer be displayed in the Payment Details section of the item page.
Yes it has, and many quality sellers are done with ebay, at least until they come out of the drug induced coma they seem to have been operating under as of late. The system worked before. Chalk it up to corporate greed.
The checkbox options for checks/money orders no longer appear on eBay's listing form. Here's something from the General Announcements page:
Paperless Payments Required eBay's new Paperless Payments policy will roll-out this week. That means sellers will no longer be able to list an item without one of the approved electronic payment methods: PayPal, credit or debit card payment to a seller's merchant account, or ProPay. You can also offer Pay on Pickup in addition to these payment methods. If you don’t already, you should add at least one of the approved electronic payment methods to your listings immediately so they aren't blocked when you relist. Once the new policy rolls-out, prohibited payment methods will no longer be displayed in the Payment Details section of the item page. >>
What's stopping a seller from contacting the winning bidder and stating he/she can pay via money order or personal check if preferred? I'm pro-technology, but 100% electronic payments is borderline "Big Brother".
The fact that 85% of your sales must go through their monetary system(paypal) or they'll know you're pulling a fast one and flag your account. Good luck!
<< <i>The fact that 85% of your sales must go through their monetary system(paypal) or they'll know you're pulling a fast one and flag your account. Good luck! >>
You don't have to accept PayPal at all if you have a merchant account that buyers can pay through online.
Comments
<< <i>That sucks. I'm usually a proponent of eBay, but this no check and money order thing is an absolute joke. Sellers are going to leave in droves and buyers won't be far behind. What a friggin' joke. >>
Yup...what he said.
It would appears that ebay is actually increasing the risk of loss by sellers and discouraging contact between buyer and seller.
<< <i>I feel really bad for sellers like Flacoin that sell heavily internationally and do not accept PayPal. They'll drive alot of these good guys away. >>
good point...I didn't think of that.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
When I watched their video and/or glanced through their new rules, I did notice a specific statement to that effect.
I knew it would happen.
I accept all forms of payment, and after finally accepting pay-pal some time back. I have noticed that 97% of folks pay with pay-pal anyway. However, I do as well have a few folks who dont, and will not sign up. They will probably go elsewhere to buy once this goes into affect. I am also worried at the dreaded Pay-pal chargeback on large item purchase from dishonest folks. Also, some coins I sell are mid 4 figure and higher and I just dont have the profit margin to give all that extra money up out of the profit margin.
The one positive I can think of is potentially getting more buying opportunity locally in the shop. Over the past few years many people elect to try and sell thier coins themselves instead of taking them to thier local dealer and use E-bay. Now that they will have to go an extra step and sign up with pay-pal and meet all the new requirments, not to mention have recorded sales may elect not to go that route and sell to there local dealer such as myself.
Jim
<< <i> It would appears that ebay is actually increasing the risk of loss by sellers and discouraging contact between buyer and seller. >>
I didn't think of this but ebay is working hard to eliminate the ability of buyers and sellers to communicate. They know that when buyers and sellers get each other's contact info sales happen off ebay. --Jerry
<< <i>
<< <i> It would appears that ebay is actually increasing the risk of loss by sellers and discouraging contact between buyer and seller. >>
I didn't think of this but ebay is working hard to eliminate the ability of buyers and sellers to communicate. They know that when buyers and sellers get each other's contact info sales happen off ebay. --Jerry >>
Take a look at the Ioffer site. They eliminate buyers & sellers exchanging contact info or sellers redirecting buyers. They've picked-up the 3-4 million listings per day that feebay has lost.
``https://ebay.us/m/KxolR5
<< <i>I think this is great news. >>
I mostly stopped using Paypal when ebay took them over. I'm at the post office often enough to have no problem buying a USPS money order. Not being offered a check or money order payment option = no more of my business for ebay. Let the new ebay CEO run ebay down into the ground. I really don't care anymore.
<< <i>
<< <i> It would appears that ebay is actually increasing the risk of loss by sellers and discouraging contact between buyer and seller. >>
I didn't think of this but ebay is working hard to eliminate the ability of buyers and sellers to communicate. They know that when buyers and sellers get each other's contact info sales happen off ebay. --Jerry >>
Didn't eBay already announce that later this year they were going to do away with the ability for buyers and sellers to communicate outside of eBay Messages, i.e., eliminating email addresses alltogether?
Granted, that doesn't prevent someone from sending a message saying "Hey, drop me a note at blah@freakinghotmail.com to discuss this further", but my guess is that eBay will either (1) parse messages and strip out email addresses, or (2) make it a NARU-able offense.
Greetings, citizen. Are you well?
1/2 Cents
U.S. Revenue Stamps
I find that eBay now appears to be more interested in increasing their bottom line instead of addressing their actual bread and butter: Sellers
No Sellers = No Buyers = No FVF's (which are a lot more than listing fees) = No PayPal Fees.
I do like the 30 day BIN structure though and the 12% FVF simply brings it up to par with what a store owner pays right now. However, if they increase the Store Front FVF's then I'll just close down the store and that will be yet another $16 they won't get every month.
Sales have sucked lately anyway...............
The name is LEE!
<< <i>When Ebay banned Google Checkout in 2006, they were promptly sued in Federal court under the Sherman Antitrust Act. (Malone v. Ebay, Inc.) Ebay testified that Google Checkout was not banned because it was a competitor to Ebay's Paypal, which would have been illegal, but rather because it was "not safe" because it was "too new."
Yet the August 2008 revised Ebay rules state:
What about Google Checkout, Checkout by Amazon or Amazon Flexible Payment Services? Will these payment methods be offered?
No. The electronic payment methods available on eBay already provide security and protections and are already used by the vast majority of our buyers and sellers... Google's and Amazon's products and services compete with eBay on a number of levels, so we are not going to allow them on eBay.
This is a real smoking gun...the 18 1/2 minute gap...the stained blue dress...Ebay admits that they are banning competing online credit card
payment services because they might offer better protection, lower rates, or a higher level of service...to the ebay SELLERS who actually PAY for the service! >>
Don't get your panties in a wad Frank. If eBay issued a press release saying that, I would agree with you. Right now, it's just some know-nothing manager's web page and email. She doesn't speak for the company, she's just pushing product.
Free Trial
Australia rejects eBay PayPal only change
Free Trial
My ratio of "hours of viewing" to "things of interest" has grown to the point it is hardly worth even spending anytime on ebay these days for me. Folks seem to just seek out other venues for selling/buying personal items. Sure, I will sell things on occasion, but my activity on ebay (where they make their commisions) has dwindled to nearly nil.
It's too bad really. But good things come and go....
<< <i>Oh, and for those who think this ISN'T a bad move, this month alone I've deposited $4468.83 in checks and money orders....
So.....are you implying that that $4,500 would disappear into thin air if people were forced to pay via an online solution? If so, that's a bit of a reach.
Dave >>
Of course, most of that revenue would still have come in since, in the absence of the mail payer, the underbidder would have won. But, that is not the point. The customers disappear. Two of my regular mail payers have already told me they're done with eBay, and the announcement is only a day old. If the "new eBay" is all about the buyer, why have the made a change that negatively impacts the buyer? The answer is simple. It's a fee grab.
Russ, NCNE
<< <i>
<< <i>Oh, and for those who think this ISN'T a bad move, this month alone I've deposited $4468.83 in checks and money orders. It will hurt anybody selling in the collectibles categories.
Russ, NCNE >>
Russ, I suspect you pointed this out to your eBay rep. Have they responded? >>
Yep, I have a call in to him. Haven't heard back yet, but that isn't surprising since he's likely swamped right now.
Russ, NCNE
Despite all the many adverse changes impacting sellers, the stock price is now less than half of what it was 3 years ago at $24 and change.
I expect we'll see $12 per share a lot sooner than we'll see it reach it's peak again.
I have seen very few changes on ebay the last few years that did not end up having some type of negative impact on either buyers or sellers. In either case this ends up having the same net result-a negative result. If you drive buyers away or sellers away it impacts both.
its a "fee grab" is spot on! Are any of the actions ebay has taken in the past few years not driven by the "fee grab" factor, or "positioning" themselves for a future fee grab?
much like when you see folks in the coin shop trying to sell their silverware in a roaring sliver market, my mother is starting to frequent ebay, and other folks I know that would never consider it before.....it's time to get out!! The old timer users are dissapearing and being replaced by LLBean shoppers...
I understand a bit more now, but I still think your assumition is flawed, at least concerning 'the the underbidder would have won' portion. Given the news rules, I would expect many of your buyers to just 'give in', and use PayPal. I mean, given it's free, from a Buyer's prespective, I don't see the the big deal. No lives are lost. Of course, I'm assuming they want your products. So in this situaltion, it would clearly not be just your underbidders winning these auctions.
Is it a fee grab? Sure is it. Capitalism 101.
Dave
But it does suck to force people's hand, particularly as the fee structure for larger purchases is rather bloodthirsty.
I can certainly understand it if people are angry by removal of convential payment options.
Collector since 1976. On the CU forums here since 2001.
Business as usual on eBay for the cheaper stuff which forms the bulk of my inventory.
BST only for the rare events when I sell a $500+ coin.
BST is the greatest! Yay, PCGS/CU!
Collector since 1976. On the CU forums here since 2001.
I called customer service. They said there was a security program that randomly chooses
transactions and you have to use another funding source.
At the time I wanted to put the purchase on my 0% card and not draw from my bank.
Tough elmo paypal said. The rep said I had three options. Draw from my checking account, add
another CC or send a check/money order. I asked the lady if there was a problem with my card.
No, she replied, just a security procedure PayPal has in place. What the heck is that about????
PayPal SUCKS
<< <i>What's to stop the buyer and seller from making private payment arrangements outside of the eBay venue? >>
Nothing.
And if eBay doesn't think buyers and sellers will figure this out, they're bigger fools than I would ever have thought.
1. Bidder wins auction.
2. Seller emails payment info, with no option for checks/money orders.
3. Bidder asks if he can pay by check.
4. Seller says sure.
5. Seller files for a FVF refund for cancelled transaction due to "mutual agreement" with buyer's cooperation.
6. Buyer and seller transact deal outside of eBay.
7. No feedback (read: no record of the transaction) is left on eBay.
8. eBay forfeits the FVFs.
9. Buyer gets coins.
10. Seller gets money.
Not that I'm advocating using this method, mind you...
<< <i>I thought I was hallucinating. It is real. >>
I thought it was a parody site on how ebay could finish running off the remaining buyers and sellers.
<< <i>
<< <i>
<< <i> It would appears that ebay is actually increasing the risk of loss by sellers and discouraging contact between buyer and seller. >>
I didn't think of this but ebay is working hard to eliminate the ability of buyers and sellers to communicate. They know that when buyers and sellers get each other's contact info sales happen off ebay. --Jerry >>
Didn't eBay already announce that later this year they were going to do away with the ability for buyers and sellers to communicate outside of eBay Messages, i.e., eliminating email addresses alltogether?
Granted, that doesn't prevent someone from sending a message saying "Hey, drop me a note at blah@freakinghotmail.com to discuss this further", but my guess is that eBay will either (1) parse messages and strip out email addresses, or (2) make it a NARU-able offense.
Greetings, citizen. Are you well? >>
Are they also going to eliminate the ability to communicate thru PayPal too? After you get the info thru PP you can simply refund the payment and do it any other way that you and the other party agree on. Unless you can get coins for 30% back of bid its going to be almost impossible to make money on eBay. I don't even see why you would waste effort on items under $100.
<< <i>I do not do high volume selling on eBay but I've always accepted check, money order and PayPal. I can't remember the last time the buyer DIDN'T use PayPal. >>
I agree, over 95% use paypal already.
<< <i>
<< <i>I do not do high volume selling on eBay but I've always accepted check, money order and PayPal. I can't remember the last time the buyer DIDN'T use PayPal. >>
I agree ... I offer PayPal, along with M.O. & checks, but I would guess that only 1 in 100 does not pay via PayPal. As such, in my case, it will not make a difference. >>
... nevermind, there ain't no problems.
Wanted :
Camel jockey to lead my cart full of straw to market.
``https://ebay.us/m/KxolR5
<< <i>I tried to pay with paypal last night. It said I had to choose another form of funding.
I called customer service. They said there was a security program that randomly chooses
transactions and you have to use another funding source.
At the time I wanted to put the purchase on my 0% card and not draw from my bank.
Tough elmo paypal said. The rep said I had three options. Draw from my checking account, add
another CC or send a check/money order. I asked the lady if there was a problem with my card.
No, she replied, just a security procedure PayPal has in place. What the heck is that about????
PayPal SUCKS >>
This has to do more with feebay / PayPal boosting their margins. The card you used prolly has a higher transaction fee for the processor (PayPal). You'll find that the next wave of revenue enhancement in the money hungry duopoly will be that buyers won't be able to use a CC with cash back, points, etc. because it PP will incure higher transaction costs...or they will raise the fees to sellers again.
there have been plenty of studies and surveys on the average age of coin collectors
the average coin collector is over 50 years old, and lots of them do not have
paypal accounts-----most of the check and money order payments we receive
are from the older crowd.
it would be a very bad move for ebay to require paypal payments for the coin sector.
My question is this, I have read that many sellers have been fed up with ebay...........what site are they using to sell now?
Are there other big auction sites besides ebay?
Thanks
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
Conversely, I've always suspected that Payvig makes up for the flat fee by the extended period that most e-checks take to complete the transfer from one account to another. It's called a float. Russ, you around?
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
<< <i>Correct me if I'm wrong, but I believe that the Paypay vig even for Premier business accounts is 2.8% of the amount being processed, with no ceiling on the amount that carries that vig on instant payments. But on e-check payments, the flat fee of $5.00 per transaction is a loser for Paypay for amounts above $180. So if my assumption is correct, what do you think would be the net effect if nearly everyone suddenly decided to use the e-check method of payment?
Conversely, I've always suspected that Payvig makes up for the flat fee by the extended period that most e-checks take to complete the transfer from one account to another. It's called a float. Russ, you around? >>
It costs them about 30¢ to process an echeck so I don't think they'll go belly-up by charging $5.
No meaningful float involved. Four business days is about how long the check clearing process takes.
<< <i>eBay going to 100% electronic payments. >>
Did this actually happen?
<< <i>Did this actually happen? >>
The checkbox options for checks/money orders no longer appear on eBay's listing form. Here's something from the General Announcements page:
Paperless Payments Required
eBay's new Paperless Payments policy will roll-out this week. That means sellers will no longer be able to list an item without one of the approved electronic payment methods: PayPal, credit or debit card payment to a seller's merchant account, or ProPay. You can also offer Pay on Pickup in addition to these payment methods. If you don’t already, you should add at least one of the approved electronic payment methods to your listings immediately so they aren't blocked when you relist. Once the new policy rolls-out, prohibited payment methods will no longer be displayed in the Payment Details section of the item page.
<< <i>
<< <i>eBay going to 100% electronic payments. >>
Did this actually happen? >>
Yes it has, and many quality sellers are done with ebay, at least until they come out of the drug induced coma they seem to have been operating under as of late. The system worked before. Chalk it up to corporate greed.
<< <i>
<< <i>Did this actually happen? >>
The checkbox options for checks/money orders no longer appear on eBay's listing form. Here's something from the General Announcements page:
Paperless Payments Required
eBay's new Paperless Payments policy will roll-out this week. That means sellers will no longer be able to list an item without one of the approved electronic payment methods: PayPal, credit or debit card payment to a seller's merchant account, or ProPay. You can also offer Pay on Pickup in addition to these payment methods. If you don’t already, you should add at least one of the approved electronic payment methods to your listings immediately so they aren't blocked when you relist. Once the new policy rolls-out, prohibited payment methods will no longer be displayed in the Payment Details section of the item page. >>
What's stopping a seller from contacting the winning bidder and stating he/she can pay via money order or personal check if preferred? I'm pro-technology, but 100% electronic payments is borderline "Big Brother".
<< <i>What's stopping a seller from contacting the winning bidder and stating he/she can pay via money order or personal check if preferred? >>
As long as a seller doen't mind the risk of somehow getting caught doing that, nothing.
<< <i>The fact that 85% of your sales must go through their monetary system(paypal) or they'll know you're pulling a fast one and flag your account. Good luck! >>
You don't have to accept PayPal at all if you have a merchant account that buyers can pay through online.