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If I sell a very expensive coin on ebay ..........
ctf_error_coins
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.... can I get secure payment with no threat of a charge back???? I accept Paypal, but I would not want that as an option, or would I?? Most of what I sell now is less that $200 and paypal works fine for this.
How can you be sure that you are paid without a charge back?? Can you request to be paid only with a cashiers check and how long before you know the ck is good??? Any of you have any experiences with selling a 20K coin on ebay and getting paid safely??
TIA
How can you be sure that you are paid without a charge back?? Can you request to be paid only with a cashiers check and how long before you know the ck is good??? Any of you have any experiences with selling a 20K coin on ebay and getting paid safely??
TIA
0
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Chargebacks have occured all the way from immediately to as much as 9 month after the auction depending upon the buyers particular situation.
As for cashiers checks, those can float bad bunds for as much as 4 to 6 weeks so there are no guarantee's there.
To me, the only sure guranatee is cash or trade of equal value OR in dealing with a reputable dealer and let him deal with it.
IF you know you customer (on the eBay side) that may very well provide you with the guarantee's you need. If your buyer is an unknown then the outcome of the transaction could equally be unknown.
Not trying to be negative here, just stating what I've heard.
The name is LEE!
<< <i>You cannot request being paid by anything but Paypal. A buyer can offer to pay by check or money order, but you can't request it. If you're so worried about a chargeback, I wouldn't use eBay. >>
I agree.
The name is LEE!
<< <i>You cannot request being paid by anything but Paypal. A buyer can offer to pay by check or money order, but you can't request it. If you're so worried about a chargeback, I wouldn't use eBay. >>
You can accept credit cards on ebay without accepting paypal, but wouldn't do you any good if you're trying to eliminate possibility of a chargeback. Your only chance of selling on ebay without a chargeback is to completely close down all associated accounts (ebay, paypal and bank) after the sale.
"A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."
Is it an issue of needing funds quick? If 3-4 months is alright, a big auction house is probably best bet (no guarantees there either as they could go belly-up)
How are you sure coin is worth $20K?
<< <i>if you remove the money from your paypal account right away- then does a charge back still work? >>
They'll pull the money anyway and leave you a negative balance.
Why sell a $20,000 coin on eBay? There must be a dealer willing to buy it, or an auction company that would love to have it as a consignment. eBay and PayPal fees alone must be astronomical.
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<< <i>Why sell a $20,000 coin on eBay? There must be a dealer willing to buy it, or an auction company that would love to have it as a consignment. eBay and PayPal fees alone must be astronomical. >>
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Ive sold coins in the 10k range on ebay no problems. I dont worry about charge backs as long as you follow paypal. You are going to have over 1k in fees on that transaction. Depending on what the coin is I would check here first. If the coin was something I was interested in I would purchase the coin..
<< <i>if you remove the money from your paypal account right away- then does a charge back still work? >>
Not if you close the paypal account before the chargeback. The only recourse the buyer has is to come after you legally. If you delivered what he paid for then you've got no worry. If he's a scammer he won't be coming after you legally. By closing your paypal account (while it is in good standing) you take paypal out of the "claims" loop.
"A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."
<< <i>
<< <i>if you remove the money from your paypal account right away- then does a charge back still work? >>
They'll pull the money anyway and leave you a negative balance.
Why sell a $20,000 coin on eBay? There must be a dealer willing to buy it, or an auction company that would love to have it as a consignment. eBay and PayPal fees alone must be astronomical. >>
Quite the opposite. If you start the auction with a low opening bid, the fees (including paypal) from a $20k sale would be less than $1000 (under 5%).
Most people would be willing to pursue legal action over $20k. Over $500 most would not.
<< <i>
<< <i>if you remove the money from your paypal account right away- then does a charge back still work? >>
Not if you close the paypal account before the chargeback. The only recourse the buyer has is to come after you legally. If you delivered what he paid for then you've got no worry. If he's a scammer he won't be coming after you legally. By closing your paypal account (while it is in good standing) you take paypal out of the "claims" loop. >>
I would venture to guess that anytime you suffer a chargeback wether it is 25 dollars or 25k and you pull or close your paypal account i do not believe they will say oh well and let it go. They have your info and i am sure they can tag your credit.
I have never understood the mentality of pulling all the funds or closing an account to try to avoid a chargeback. Chargebacks suck but that is just the cost of doing business.
I would not personally sale any coin over 1k on ebay anymore. I have sold coins as high as 4k in the past but no more. You can do as well or better selling in other venues.
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"A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."
What is the coin for sale?? No comment and it is not for sale, but I was looking into options for selling an expensive coin. Is it worth 20K, I think it's worth more than that.
My idea was to put it up on ebay for moon money Like 40 - 50K with a best offer option. Just a fishing expedition really. But I would not want to sell it without knowing for sure the payment was secure.
With an ebay listing, I am sure I would get more views and possibly someone that would have to have that coin.
I could also put it on my website, but zero traffic there as compared to ebay.
An auction company may be the way to go with this one IF I ever decide to sell.
Just looking at all my options. For now the coin stays in my collection but just wanted to know the safest and best way to sell such a coin.
San Diego, CA
<< <i>Quite the opposite. If you start the auction with a low opening bid, the fees (including paypal) from a $20k sale would be less than $1000 (under 5%). >>
Isn't this one of the things changing with the "improved, lower fee structure" in March? I think once that kicks in, total eBay+PP vig on 20K will be 12.5% instead of 5%.
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<< <i>Use escrow. >>
Is escrow an option on ebay?. Can you request only escrow?
San Diego, CA
<< <i>My idea was to put it up on ebay for moon money Like 40 - 50K with a best offer option. >>
IMHO auctions like this do not get a lot of respect...
as if your shooting for $20K, $50K is so far out that no genuine EBay'R is going to even bother making a realistic offer without feeling like they are lowballing.
Include: "Feel free to call me if you have any questions about this coin."
"A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."
<< <i>You have to remember also, and no disrespect intended, who are you that I would send you 20 grand for a coin ? >>
Good point. Sell a bunch of $100+ coins to build up some feedback and then sell a $20,000+ coin. I sure would be suspicious. Of course, you could allow the use of an escrow service to give the bidders some confidence.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
30 day BINs are not that expensive if no sale
and if sells, would cover fees
just don't spend the money until they leave feedback
just remember if the listing is totally bogus/unrealistic, it may affect your other sales
<< <i>if you remove the money from your paypal account right away- then does a charge back still work? >>
Sure, if you take money out of your checking account then you don't have to pay the checks you write either...
<< <i>
<< <i>if you remove the money from your paypal account right away- then does a charge back still work? >>
Not if you close the paypal account before the chargeback. The only recourse the buyer has is to come after you legally. If you delivered what he paid for then you've got no worry. If he's a scammer he won't be coming after you legally. By closing your paypal account (while it is in good standing) you take paypal out of the "claims" loop. >>
Uhhhhh ................... Right!
But then you also eliminate the possibility of ever using that account again and if that account is associated with your eBay store then you've just created a whole new bunch of headaches!
Sure, you could open a new bank account, open a new paypal account, create a new email account to tie them all together and then get a business charge card to fund the eBay/PayPal thing but, man, thats a lot of headaches over just selling it at a professional auction house.
The name is LEE!
<< <i>Thanks guys for the info.
What is the coin for sale?? No comment and it is not for sale, but I was looking into options for selling an expensive coin. Is it worth 20K, I think it's worth more than that.
My idea was to put it up on ebay for moon money Like 40 - 50K with a best offer option. Just a fishing expedition really. But I would not want to sell it without knowing for sure the payment was secure.
With an ebay listing, I am sure I would get more views and possibly someone that would have to have that coin.
I could also put it on my website, but zero traffic there as compared to ebay.
An auction company may be the way to go with this one IF I ever decide to sell.
Just looking at all my options. For now the coin stays in my collection but just wanted to know the safest and best way to sell such a coin. >>
Ah man!
Are you thinking of selling that IKE struck on a nickel planchet already??
The name is LEE!
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<< <i>You have to remember also, and no disrespect intended, who are you that I would send you 20 grand for a coin ? >>
I do agree with you on this as I would want to be sure the buyer gets the coin. How do you make SURE the transaction is secure for both the buyer and seller?
My feedback is 100% with over ten years on ebay so you would think I would be ok to buy from.
As to the coin in question, I have had many offers already and I am not looking to sell it.
However I would sell it for moon money or if my financial situation requires that I do so.
<< <i>As to the coin in question, I have had many offers already and I am not looking to sell it.
However I would sell it for moon money or if my financial situation requires that I do so. >>
So what is the whole point of this thread
<< <i>
<< <i>As to the coin in question, I have had many offers already and I am not looking to sell it.
However I would sell it for moon money or if my financial situation requires that I do so. >>
So what is the whole point of this thread
The point of the thread to find out if there is a 100% secure way to sell an expensive coin on ebay?
That's all I was asking.
I like to know all of my options even if I never use make use of any of those options.
I like as much information on a subject as possible, thus the thread.
<< <i> The point of the thread to find out if there is a 100% secure way to sell an expensive coin on ebay? >>
There is no 100% secure way to do anything. If you can't deal with uncertainties, then a dealer you trust can probably help you. --jerry
<< <i>
<< <i> The point of the thread to find out if there is a 100% secure way to sell an expensive coin on ebay? >>
There is no 100% secure way to do anything. If you can't deal with uncertainties, then a dealer you trust can probably help you. --jerry >>
That's what I was thinking. There is even risk dealing with a dealer (ask Roadrunner). The lowest risk sale would be cash in person at a coin show. Of course, you could get mugged before or after the transaction and be out the money.
<< <i>So the Ike on the Dime planchet is worth $20k+ now? IIRC the other thread indicated a value of $15k or so. >>
Did I mispell nickel again??
As for large sale items, put them on your web site. Require wire transfers for anything over $5,000. If accepting Certified Checks, require a specific period of time for the check to clear. Same thing for Money Orders.
Folks spending that kind of money will certainly understand and work with you. APMEX does it all the time and last I heard, they were doing ok!
The name is LEE!
<< <i>Where the other thread ended up it wasn't clear if the seller was delivering the coin. So you got the error coin? Did you post the denouement in another thread? --Jerry >>
No kidding. I read all 5 or 6 pages of that emotional roller-coaster and never saw the end of the story.