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 Replies: 17 / Views: 2,604 |
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Valued Member
United States
143 Posts |
Alright, I'm still learning these tricks.
I saw a $3,000 item listed as 'Paypal from bank account only because of the high credit card fees.'
How do I know if a CC is used? I thought Paypal just hit you the big fee all the time. Is bank account use fee-free?
Thanks,
Seth
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Forum Dad
 United States
24165 Posts |
The seller is using a smokescreen.
Sellers' get charged the same fee no matter how it's funded unless you have a personal account. 3 grand would bounce you out of personal immediately so that's irrelevant.
The seller doesn't want a cruddy card because it's another way for the buyer to get their money back. Paypal could stand by the seller originally, but if the buyer gets a CC chargeback, Paypal will run from the seller real quick and take the money back.
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Valued Member
United States
70 Posts |
If I remember from some of my ebay sales, you actually do get less from PayPal when the buyer uses a credit card. If I sold something for 50.00 and the buyer paid with funds sitting in his PayPal account or a bank account...I got most of the 50.00 credited to my account. If the buyer paid with a credit card I got FAR LESS. |
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Forum Dad
United States
24165 Posts |
quote:
If I remember from some of my ebay sales, you actually do get less from PayPal when the buyer uses a credit card.
Nope. You're probably 2.9% plus 30¢ per transaction regardless of how it's funded. It's based only on your monthly sales, nothing else.... Monthly Sales Price Per Transaction
$0.00 USD-$3,000.00 USD 2.9% + $0.30 USD
$3,000.01 USD-$10,000.00 USD 2.5% + $0.30 USD
$10,000.01 USD-$100,000.00 USD 2.2% + $0.30 USD
> $100,000.00 USD 1.9% + $0.30 USD Now, here's the kicker, you may be a business account and not even know it. They don't explain it to you. You cannot accept cruddy cards with a personal account. Personal accounts are free up to an accepting limit. If you receive a credit card payment on a personal account, they temporarily accept it from the payor and ask you, the payee, if you want the money. BUT, they don't tell you that all future payment will be subject to a fee if you take it. They state it as a simple yes or no question. If you noticed a change in fees as you mention above, this probably happened to you. |
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Rest in Peace
United States
2684 Posts |
Bobby is right when it comes to a large transaction - PayPal would switch you to a Premier or Business account. For small transactions with Personal PP accounts when credit/debit cards are used, the fee to the recipient is 4.9% plus 30¢ (limit of 5 transactions in a 12 MONTH period); for Premier/Business accounts, the fee is 1.9% to 2.9% plus 30¢, the same as if the money were withdrawn directly from a PP balance. I don't know what the cutoff is from Personal to Premier/Business accounts. PayPal does not permit credit card payments for Personal accounts for ebay transactions. Anyone who uses ebay on more than just a minimal casual basis is almost forced to have a Premier or Business account if s/he is going to accept PayPal. I was switched automatically many years ago; I do not know if the automatic switch is still done or if PayPal just blocks an account when it reaches or goes over the Personal account limits. I know of no means by which a seller can determine if his/her PayPal payment originated from a buyer's PayPal balance or credit/debit card or bank account. The "details" for an ebay transaction merely shows that the money was paid and how much PayPal deducted for its fees. Any seller who states "no credit cards for PayPal" is bluffing. Regardless of the fees, PayPal is certainly a convenient and expedient means for receiving or sending payments. I have lately been having a LOT of problems with buyers sending checks or money orders: it's taking weeks in some instances and 50% of the time, buyers don't notify me that a check is on the way (don't even have the courtesy to send me an email letting me know by what means they will be paying). I expect I will return to PayPal-only payments in the near future. I consider the fees a cost of doing business and take them into account when setting prices, determining profit margins (if any), and deduction costs for consignments (mostly Boy Scout patches). |
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Forum Dad
United States
24165 Posts |
If you have any doubts about how convenient Paypal is to buyers, stop taking it for a while and watch your sale prices go in the toilet.  |
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Rest in Peace
United States
2684 Posts |
I added checks and money orders in addition to PayPal a couple months ago and have watched my prices drop. It's almost as if the "quality" (for lack of a better term) of buyers to my auctions dropped when I added checks and MOs. I thought I would attract more buyers if I accepted all forms of payment (but no cash - I've had this problem also in the past). Seems just the opposite happened. Go figure.
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Valued Member
United States
156 Posts |
I do not have a store and had a basic paypal account. I had a buyer use a C. Card and I accepted it and the second time someone used a credit card I was forced by paypal to upgrade to a remier account. The rule at paypal is if you are going to use them and ebay connected to buy and sell you have no choice but to take a credit ard and upgrade to a higher account type. With higher fee's grrrr The sad part about the higher account is thing's like my brother in law sent me 175.00 and paypal charged me the receiver over 5 bux to get it. The only free on paypal for me now is bank transfer's and paying ebay fee's and buying. Do you consider ebay a monopoly? Edited by coldshot
01/27/2007 12:44 pm
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Forum Dad
United States
24165 Posts |
quote:
The only free on paypal for me now is bank transfer's and paying ebay fee's and buying
Get the debit card and use it to pay your ebay fees and get 1% back. Do not hit the Paypal button, use the Paypal card as a credit card. In fact you get 1% back any time you use it and don't put your PIN in. quote:
Do you consider ebay a monopoly?
Not even close. There's thousands of other auction sites. |
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Valued Member
United States
156 Posts |
I saw an auction site that in the last few second's of the auction snipers would hit and the timer would reset to 15 seconds and the bid war was on. I will find it again but most of the items were jewelry. But it is a good thing to reset the time like that. Gives the seller more money and the sniping is gone...
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Pillar of the Community
United States
1083 Posts |
Since I don't bid until the last five seconds ther is never a delay in my Paypal payments. They are made within five minutes. I always use a credit card on any coin purchase over $50 (I pay the balance in full every month). To me that is free buyer's insurance as I can dispute the charge if the coin is never received, or if the seller fails to honor his refund policy. However, I have never had to do this because I buy from sellers with good feedback and with a refund policy. I have heard from sellers that some dishonest buyers will claim they didn't receive the coin and charge back the item, when in fact they are just stealing. I hope that is a rare occurance, but most sellers should use a tracking number when shipping. Hopefully ebay would accept that as proof the item was shipped and delivered. Certainly the credit card company (if the seller could deal with the card company directly) would accept it and cancel the charge back. Amazingly almost all the ebay problems would not exist given honest, truthful, communicative buyers and sellers. I can always dream. |
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Forum Dad
United States
24165 Posts |
quote:
But it is a good thing to reset the time like that.
Well, Yahoo has automatic extensions as a per auction option for sellers. Almost none of them use it, certainly no experienced Yahooers, because buyers don't like it and won't bid. So no, it's not a good thing and that's why ebay hasn't done it. |
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Rest in Peace
United States
2684 Posts |
quote:
But it is a good thing to reset the time like that. Gives the seller more money and the sniping is gone...
As a buyer, I use a sniper since they give me an advantage over those bidders who think they might buy a coin for less than it's worth. As a seller, I love snipes for the same reason: the buyers are bidding realistic prices and I sell my coins for what they are worth. quote:
I have heard from sellers that some dishonest buyers will claim they didn't receive the coin and charge back the item, when in fact they are just stealing. I hope that is a rare occurance, but most sellers should use a tracking number when shipping.
It's gotten bad enough that I use Delivery Confirmation on ALL sales. On sales over $50, I use Signature Confirmation and insurance is mandatory. I absorb the SC cost, but I'm saving in the long run on time, arguments, legal fees, Postal charges and paperwork, and everything else involved in a "lost parcel" dispute. There's just too many people out there who are ethically challenged. |
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Forum Dad
United States
24165 Posts |
quote:
It's gotten bad enough that I use Delivery Confirmation on ALL sales. On sales over $50, I use Signature Confirmation and insurance is mandatory.
If it's a Paypal transaction, you must use DC or Paypal will immediately back the buyer in any dispute over receipt. Also in a Paypal transaction, if it's over $250 you must use Signature Confirmation or they will not back you. |
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Valued Member
 United States
143 Posts |
quote:
If it's a Paypal transaction, you must use DC or Paypal will immediately back the buyer in any dispute over receipt. Also in a Paypal transaction, if it's over $250 you must use Signature Confirmation or they will not back you.
You mean the signature they do when they pick up the $250 insured package isn't good enough?
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Forum Dad
United States
24165 Posts |
quote:
You mean the signature they do when they pick up the $250 insured package isn't good enough?
Nope. It needs to be trackable on-line. The insurance signature is not. |
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Replies: 17 / Views: 2,604 |
Posted 01/26/2007 6:46 pm
