This thread is certainly an eye-opener. I've always paid 'gift' when buying from someone on here. Never really thought of any complications further down the line, just thought I was doing the seller a favour by them not getting any paypal fees
I have always paid gift too and never once had a problem though. I think there are warning signs when buying anything that you should also be aware of. The A+ list is great but it is not always a good thing for large purchases/sales since some people have only traded small items(under$100).
I really dont mind paypal fees....its those damn ebay fees, some crazy amounts, especially if anyone tries to sell vinyl or books ~25% !!!
To sell a record on ebay is 10%. If you get paid by paypal, it's 3%. so 13% total fee is very accurate.
they've recently changed their fees - for books, music, dvd's - 13% for the initial $50, plus 5% remaining balance, for fixed price listings, then add all the other fees (insertion, upgrades, paypal, etc)
Auction style listings FVF is a little more i think. They keep changing their rates around.
Either way, the bill i would receive from them at the end of the month when i sold only records would come close to 25% after everything. I stopped selling records on ebay last year, so it might have gone up or down in fees. It's just not worth it for me to give ebay so much money.
I would rather offer the same records here minus their fees, so i get the same amount in the end, but someone here in the pit saves a few bucks and gets records at better prices.
I really dont mind paypal fees....its those damn ebay fees, some crazy amounts, especially if anyone tries to sell vinyl or books ~25% !!!
To sell a record on ebay is 10%. If you get paid by paypal, it's 3%. so 13% total fee is very accurate.
they've recently changed their fees - for books, music, dvd's - 13% for the initial $50, plus 5% remaining balance, for fixed price listings, then add all the other fees (insertion, upgrades, paypal, etc)
Auction style listings FVF is a little more i think. They keep changing their rates around.
Either way, the bill i would receive from them at the end of the month when i sold only records would come close to 25% after everything. I stopped selling records on ebay last year, so it might have gone up or down in fees. It's just not worth it for me to give ebay so much money.
I would rather offer the same records here minus their fees, so i get the same amount in the end, but someone here in the pit saves a few bucks and gets records at better prices.
It must be more when the records are more than $50 then but mine were all under that. I try to sell the good ones(pearl jam) around here as well though.
The buyer can also now opt to pay the fees instead of charging them to the seller. Honestly, I think if everyone on this board could operate on the honor system (as they have with "gift" purchases) and use this opt-in method for fees, it would benefit both the buyer and seller as both would have a sort of insurance on their transaction.
i believe the fee's should go to the seller as a "cost of doing business"
i hate when i see an ad that has fee's marked as buyer to pay....imo, the seller needs to set a price that he is comfortable with inclusive of fee's.
My point was more toward the "transaction protection" end vs. "who pays what and how" end. As a buyer, I don't mind paying an extra buck or two to have the insurance factor, in case the item gets lost, stolen, or never shipped, I'm then protected in getting a refund. Gift payments don't provide that protection.
I don't really look at Paypal fees as "cost of doing business" from one individual to another. It's kind of a pain in the ass, really. My main point is that, as a buyer, if you want protection, it might be an idea to cover the fee yourself. I kind of see it as buying shipping insurance, which is something the seller should never have to cover.
Good judgment is a key factor in who a person should buy from/sell to/trade with. I always check the BST thread before PMing someone about a possible purchase. If their name is on the list, I have faith that I'm probably good to purchase from that person. I've found, in this forum, that good people vouch for other good people and we have a pretty good system & code of honor. Gift payments are hardly a problem here as they may be with other outlets, but it's always a good thing to have buyer/seller protection.
go to expressobeans.com
search for a thread called "curious"
an established member. with good feedback. successful transactions. many people vouched after he was outed but before he was heard from. thousands lost. and this is just one story.
honestly, as a buyer, for a seller to ask for or demand a gift payment sends up a red flag. they're asking me to not protect myself. why? for 3 dollars, or 9? i feel that as a seller, if i tell people i don't want them to send gift payments because THEY are not protected, that maybe they'll actually have a little more trust in the transaction knowing that they have recourse...
oh, and generally, i've found that between ebay and paypal fees, most items cost an average of 18-22% of the final price to sell. my experience.
ebay isn't evil people are
The South is Much Obliged
0
81
Needing a ride to Forest Hills and a ounce of weed. Please inquire within. Thanks. Or not. Posts: 58,276
go to expressobeans.com
search for a thread called "curious"
an established member. with good feedback. successful transactions. many people vouched after he was outed but before he was heard from. thousands lost. and this is just one story.
honestly, as a buyer, for a seller to ask for or demand a gift payment sends up a red flag. they're asking me to not protect myself. why? for 3 dollars, or 9? i feel that as a seller, if i tell people i don't want them to send gift payments because THEY are not protected, that maybe they'll actually have a little more trust in the transaction knowing that they have recourse...
oh, and generally, i've found that between ebay and paypal fees, most items cost an average of 18-22% of the final price to sell. my experience.
I recently tried opening a claim through PayPal to try and get a refund for an item that I paid for, but never recieved. I found out that you can only open a claim if you sent payment for "goods" or "services". If you send payment as "gift" you are not allowed to open a claim.
If you want your purchases protected, only send payments for "services" or "goods". I'm sure any good seller will understand this situation, and can adjust their prices accordingly.
Also keep in mind that claims must be opened within 45 days of the transaction date. After the 45 day period is up, you will not be able to get a refund for your purchases.
Cheers and Happy Trading!
yeah it's true, you can;t get a refund, so be careful out there... however... since i'm a reputable trader here i will never accept anything other than gift unless the buyer pays the fees.
Comments
I have always paid gift too and never once had a problem though. I think there are warning signs when buying anything that you should also be aware of. The A+ list is great but it is not always a good thing for large purchases/sales since some people have only traded small items(under$100).
they've recently changed their fees - for books, music, dvd's - 13% for the initial $50, plus 5% remaining balance, for fixed price listings, then add all the other fees (insertion, upgrades, paypal, etc)
Auction style listings FVF is a little more i think. They keep changing their rates around.
Either way, the bill i would receive from them at the end of the month when i sold only records would come close to 25% after everything. I stopped selling records on ebay last year, so it might have gone up or down in fees. It's just not worth it for me to give ebay so much money.
I would rather offer the same records here minus their fees, so i get the same amount in the end, but someone here in the pit saves a few bucks and gets records at better prices.
It must be more when the records are more than $50 then but mine were all under that. I try to sell the good ones(pearl jam) around here as well though.
I don't really look at Paypal fees as "cost of doing business" from one individual to another. It's kind of a pain in the ass, really. My main point is that, as a buyer, if you want protection, it might be an idea to cover the fee yourself. I kind of see it as buying shipping insurance, which is something the seller should never have to cover.
Good judgment is a key factor in who a person should buy from/sell to/trade with. I always check the BST thread before PMing someone about a possible purchase. If their name is on the list, I have faith that I'm probably good to purchase from that person. I've found, in this forum, that good people vouch for other good people and we have a pretty good system & code of honor. Gift payments are hardly a problem here as they may be with other outlets, but it's always a good thing to have buyer/seller protection.
search for a thread called "curious"
an established member. with good feedback. successful transactions. many people vouched after he was outed but before he was heard from. thousands lost. and this is just one story.
honestly, as a buyer, for a seller to ask for or demand a gift payment sends up a red flag. they're asking me to not protect myself. why? for 3 dollars, or 9? i feel that as a seller, if i tell people i don't want them to send gift payments because THEY are not protected, that maybe they'll actually have a little more trust in the transaction knowing that they have recourse...
oh, and generally, i've found that between ebay and paypal fees, most items cost an average of 18-22% of the final price to sell. my experience.
ebay isn't evil people are
The South is Much Obliged
yeah it's true, you can;t get a refund, so be careful out there... however... since i'm a reputable trader here i will never accept anything other than gift unless the buyer pays the fees.