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Coin Pricing On Ebay And Taxes

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Valued Member
Russian Federation
372 Posts
 Posted 07/06/2021  1:21 pm Show Profile   Check Slerk's eBay Listings Bookmark this topic Add Slerk to your friends list Get a Link to this Message
I know that some forum members are engaged in selling their coin collection. How do you set the price for coins, for delivery ?
What percentage does ebay and paypal take when selling? How much profit do you pledge?
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 Posted 07/06/2021  9:32 pm  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
1. I set my selling prices after doing research on recent sales of comparable coins on eBay.
2. I usually price my coins and my shipping costs separately (i.e., not "Free Shipping."). I charge shipping costs equal to my real postage cost plus eBay fees of 13%, plus no more than $0.05. So, for low value items shipped inside U.S. I charge $0.65.
3. eBay now takes about 12.6% as commission and for processing payment. Paypal is no longer allowed as a payment option in the U.S.
4. I do not pledge anything through eBay.
Edited by tdziemia
07/06/2021 9:34 pm
Pillar of the Community
United States
1942 Posts
 Posted 07/07/2021  12:03 am  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply

Quote:
Paypal is no longer allowed as a payment option in the U.S.
I just paid for an order a few hours ago with PayPal. Just now I clicked on a half dozen or so different listings and every one of them had PayPal down as an accepted form of payment...so, this statement confuses me a bit as my search settings excludes everything except United States. I'm not buying coins from abroad.....too risky.
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United States
3331 Posts
 Posted 07/07/2021  12:26 am  Show Profile   Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
Buyers can still use PayPal to purchase items, but eBay sellers will be required to use eBay instead of PayPal to receive payments.
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 Posted 07/07/2021  01:13 am  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply

Quote:
Buyers can still use PayPal to purchase items, but eBay sellers will be required to use eBay instead of PayPal to receive payments
Now I understand... This is that Ebay Mangled Payments that I've been reading about....
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Australia
1094 Posts
 Posted 07/07/2021  02:31 am  Show Profile   Check ryurazu's eBay Listings Bookmark this reply Add ryurazu to your friends list Get a Link to this Reply
:P ebay say my account has been restricted, due in part to me not updating my banking details. HAHA no Ebay AU (Australia) already has my banking details, so not bother to update them as a seller. meh, plus it say that restriction includes not being able to list, which is still untrue for me so I just ignore it. :) and even if they do I just move to another platform, don't really care.

Ebay take a percentage fee that includes the delivery fee of the item, paypal also take a cut but that depends on your business relation with ebay and paypal. As a bottom tier user I think in total 12.5-12.9% its suppose to be a flat fee per transaction with a percentage on top 0.2c for paypal 2.5% and 10% for ebay.
Valued Member
Russian Federation
372 Posts
 Posted 07/07/2021  03:36 am  Show Profile   Check Slerk's eBay Listings Bookmark this reply Add Slerk to your friends list Get a Link to this Reply
Can I give you some examples? I use the free shipping feature (ebay promotes such a policy). I usually add 20% to the ads (20% is the fees of ebay+paypal) But these are very rough figures. Also, as far as I know, ebay and paypal take%, but not below the "figure". Is that true?
My example: I bought a coin for $ 0.10+$ 1 delivery= $ 1.10. These are my expenses. How much should I add % from ebay and paypal, so as not to go into the negative?
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 Posted 07/07/2021  07:23 am  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
Here is an example of the break-even calcluation:

My fees are 12.7% + $0.30 transaction fee.

So to break even on an item I bought for $1.10, I solve this algebraic equation:

0.873 X - $0.3 = $1.10.

You must then "round up" to make sure you do not lose, giving an answer of $1.61.

If you use 20% for your fees, you will get $1.75

If I were to offer Free Shipping, I would need to add $0.65 because this is my cost of one stamp plus one envelope, plus 12.7% fees.


And, thanks, @zurie, for correcting/clarifying my comment on paypal. Indeed, I misspoke.
Edited by tdziemia
07/07/2021 07:38 am
Valued Member
Russian Federation
372 Posts
 Posted 07/07/2021  07:52 am  Show Profile   Check Slerk's eBay Listings Bookmark this reply Add Slerk to your friends list Get a Link to this Reply

Quote:
So to break even on an item I bought for $1.10, I solve this algebraic equation:

0.873 X - $0.3 = $1.10.
.

Where is 0.873 from ?
$1.61+20%= $ 1.93, but not 1.75. Did I miss something ?
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 Posted 07/07/2021  08:08 am  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
0.873 because my fees are 12.7%.

If you want to use 20%, then your calculation is
0.8 X - $0.30 = $1.10
which gives X = $1.75

Valued Member
Russian Federation
372 Posts
 Posted 07/07/2021  08:45 am  Show Profile   Check Slerk's eBay Listings Bookmark this reply Add Slerk to your friends list Get a Link to this Reply
Did I understand correctly that $ 1.75 will give me the opportunity to pay all the fees of ebay and paypal + will cover the delivery of$ 1 and I will not remain in the red ?
Valued Member
United States
309 Posts
 Posted 07/07/2021  08:53 am  Show Profile   Check Singer's eBay Listings Bookmark this reply Add Singer to your friends list Get a Link to this Reply
Here' a very helpful tool for eBay and Paypal Fees.

https://finalfeecalc.com/
Valued Member
United States
309 Posts
 Posted 07/07/2021  09:03 am  Show Profile   Check Singer's eBay Listings Bookmark this reply Add Singer to your friends list Get a Link to this Reply
And just like that the calculator changed!

Last night and for as long as I have been using it, it merged PayPal and eBay fees. Now it's separating them as Managed Payments are the new method.

Valued Member
Russian Federation
372 Posts
 Posted 07/07/2021  09:18 am  Show Profile   Check Slerk's eBay Listings Bookmark this reply Add Slerk to your friends list Get a Link to this Reply
What is "AMOUNT AFTER FEES"? I specified a price of 1.75, PayPal takes $ 0.33 and indicates " AMOUNT AFTER FEES: $0.67"
I'm even more confused.
Edited by Slerk
07/07/2021 09:37 am
Valued Member
United States
309 Posts
 Posted 07/07/2021  09:46 am  Show Profile   Check Singer's eBay Listings Bookmark this reply Add Singer to your friends list Get a Link to this Reply
Slerk,


I am presuming you do not have an eBay store. So with a cost of $1.10 and .65 to ship the coin, you would need a price of $2.35 to break even. The "free shipping" on eBay is to the buyer. Seller always pays actual shipping charges when he offers "free shipping".
Valued Member
Russian Federation
372 Posts
 Posted 07/07/2021  09:49 am  Show Profile   Check Slerk's eBay Listings Bookmark this reply Add Slerk to your friends list Get a Link to this Reply
I think I realized my mistake. It is necessary to put dots, not commas. But I still didn't understand the value of AMOUNT AFTER FEES
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