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 Replies: 24 / Views: 2,622 |
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Pillar of the Community
Russian Federation
1557 Posts |
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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Pillar of the Community
 United States
7933 Posts |
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
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Pillar of the Community
United States
2520 Posts |
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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Pillar of the Community
United States
5661 Posts |
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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Pillar of the Community
United States
2520 Posts |
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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Pillar of the Community
Australia
1333 Posts |
: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. |
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Pillar of the Community
 Russian Federation
1557 Posts |
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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Pillar of the Community
United States
7933 Posts |
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
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Pillar of the Community
Russian Federation
1557 Posts |
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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Pillar of the Community
United States
7933 Posts |
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
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Pillar of the Community
Russian Federation
1557 Posts |
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 ? |
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Valued Member
United States
309 Posts |
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Valued Member
United States
309 Posts |
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. |
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Pillar of the Community
Russian Federation
1557 Posts |
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
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Valued Member
United States
309 Posts |
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". |
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Pillar of the Community
Russian Federation
1557 Posts |
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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Replies: 24 / Views: 2,622 |
Posted 07/07/2021 12:03 am
