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 Replies: 26 / Views: 5,252 |
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Pillar of the Community
United States
6370 Posts |
Maybe the buyer should pay the extra 3% for his/her own security. It's not like any multi-thousand dollar coins are sold here; I wouldn't mind paying an extra $3-5 on a $100 coin if I knew that my purchase has been protected.
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Pillar of the Community
United States
7375 Posts |
I wouldn't mind paying the 3% extra for the 'goods and services' option ....relatively cheap insurance. The one I love is when sellers want to sidestep all the fees and won't offer the buyer any discount. They will say something like, '..if we do it through paypal, I can save the seller fees.' And I say something like, '..why don't we split the difference and each save X% since I'm giving up buyer protection.'.....and then they don't want to do the deal.  Edited by edweather
10/17/2014 4:56 pm
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Bedrock of the Community
United States
10982 Posts |
When a seller states, "PayPal Gift" or "No fee PayPal" as the only accepted method of payment I scratch my head.  Why wouldn't they accept a USPS M.O. or Certified Check as payment since they are "no fee" also?  I was going to buy some coins last year on another forum from a seller I had never done business with and they refused to accept anything other than PayPal Gift so I passed mainly because I was concerned of non-delivery.  Anyways, as an aside: A fellow who I did some large deals with a few years ago told me he was stiffed for several thousand dollars sending PP Gift to a scam seller. He called PayPal to explain what happened and they refunded the money to him! This was close to a five-figure refund. Pretty amazing he got "Buyer Protection" from PayPal using PayPal Gift. |
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Moderator
 United States
16679 Posts |
He was lucky. Pure and simple.
swcoin.ecrater.com
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Pillar of the Community
United States
2049 Posts |
Quote:
Especially when there's no other fees here at all. It's the epitome of selfishness. Yup, so many want everything for free these days it seems. My guess is that those who complain about the fees have never owned a business as their sole income (sorry, but doing it on the side outside of your regular job is not what I am referring to). How would you feel as a business owner if people were trying to cheat you out of honest revenue? If people don't like the fees associated with ebay or Paypal, then go set up your own similar sites and offer the service, lol. |
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Moderator
United States
189596 Posts |
As a buyer, I would be more than happy to pay the fee. I am the one gaining the most from it.
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Pillar of the Community
Canada
2124 Posts |
I could be wrong, but I think that the main "issue" here for sellers are not the fees but the buyers protection policy.
If you read many different blogs, sellers argue that if there is a dispute, Paypal almost sure will side with the buyer.
Now, the new Paypal policy indicates that buyers using PayPal to purchase items will enjoy a six-month return window.
The 3% fee is not relevant, as a seller can add that fee to the price so the buyer is paying it anyway.
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Pillar of the Community
United States
2049 Posts |
Quote:
could be wrong, but I think that the main "issue" here for sellers are not the fees but the buyers protection policy.
If you read many different blogs, sellers argue that if there is a dispute, Paypal almost sure will side with the buyer.
Now, the new Paypal policy indicates that buyers using PayPal to purchase items will enjoy a six-month return window.
The 3% fee is not relevant, as a seller can add that fee to the price so the buyer is paying it anyway. Yes and no. There are plenty that are trying to get around either side paying the 3% fee. In other words, they want the payment service to be free. The buyer protection policy is another issue, although important. As a buyer, I would want that protection and am willing to pay the 3% fee to ensure I get that (on top of doing what's right anyway, and not trying to cheat Paypal out of their service fee). The 6-month return policy has to do with items sold on ebay if I am not mistaken but I may be wrong. A seller on this forum or other venues should be able to offer whatever return policy they are comfortable with, regardless of payment method. The seller can add the 3% fee as long as it's disclosed as such up front. They can't add it on the backend after an auction has ended or after an initial agreement was done. Saying "oh by the way, you are responsible for the 3% PP fee even though we had already agreed that the price was $xx.xx" doesn't fly and is a bait and switch IMO. |
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Pillar of the Community
United States
4211 Posts |
I would also not have a problem with paying an extra 3% to the seller. I was at a coin show yesterday and took cash for most transactions. Then (of course) I saw a coin I "had to have" lol. I knew I didn't have enough cash left, so I asked the seller if he would split the transaction into 1/2 cash and 1/2 debit card. I offered to pay the extra 3% on the debit card transaction and he was pleased that I offered. Now, I may not have but I could tell by the price of the coin he did not have a big markup.
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Pillar of the Community
Canada
2124 Posts |
Hmmmm 3% is way too much the debit transaction fee, that would be for the credit card. Debit cards fee are at maximum 0.5%.
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Pillar of the Community
United States
623 Posts |
PayPal actually changed the terminology to personal payment. And...the personal payment has to be funded by a balance or a bank account. Both of which incur no cost to PayPal. So, to say you're cheating PayPal is false. Further, what about payments you make (say for an ebay purchase) and you use your balance? Does Paypal move the money for free although there is no cost? Does it reduce the cost to the seller? NO WAY! Someone mentioned above about PayPal siding with the buyer. I have to agree 100%. I had PayPal side with a buyer although I provided emails which contained 18mp pictures of the coins taken with my DSLR. I spoke to Paypal about the incident and they said "well you can always resell the coins so we are siding with the buyer." Also, someone above mentioned checks and money orders. Well, there are multiple issues. 1: You have to wait for the check...if the person even sends it. 2: Does the account have sufficient funds? I am very close to a bank branch manager and they can't even tell me if a check has cleared. 3: There are tons of fake money orders. Paypal personal payment or payment with protection. Should be up to the individuals doing the transaction. Just my 2 cents. Edited by Russ789
11/18/2014 01:42 am
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Replies: 26 / Views: 5,252 |
First Page
Posted 10/17/2014 4:53 pm
