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Pay pal fees
Aug 7, 2012 09:30 PM
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Hello,
Just sold something for $608.40 and buyer wants to pay with pay pal, how much will the fee be on this? I've been through the 'Fees' area and can't make head nor tail of it all. Any idea? Thanks.
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(1 of 37)
Re: Pay pal fees
Aug 7, 2012 09:47 PM
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30 cents + 2.4% of the total value transferred....the item value + postage.
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(2 of 37)
Re: Pay pal fees
Aug 7, 2012 11:51 PM
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Roughly $15.
If you're going my way, I'll go with you - Guess
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(3 of 37)
Re: Pay pal fees
Aug 8, 2012 12:45 PM
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In any case you have no choice, you have to accept PP, and you are not allowed to ask for the fee from the buyer.
However, I cannot see anything that you sold?
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(4 of 37)
Re: Pay pal fees
Aug 8, 2012 01:45 PM
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Thanks.
To SupaNova, i don't have to accept paypal, i think i do have a choice. I think most buyers like it as it offers some sort of insurance (which probably doesn't cover anything) and they pay no fees. I think paypal is another ebay con myself.
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(5 of 37)
Re: Pay pal fees
Aug 8, 2012 02:25 PM
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kaboodle110 wrote:
Thanks.
To SupaNova, i don't have to accept paypal, i think i do have a choice. I think most buyers like it as it offers some sort of insurance (which probably doesn't cover anything) and they pay no fees. I think paypal is another ebay con myself.
You do indeed have a choice of payment methods offered. But unless it is a car or boat (pretty much) then one of those methods has to be an ebay approved 'safe' method. Either Paypal, Paymate or a merchant credit card facility.
Paymate is not particularly liked by buyers as, inter alia, it costs $50 for them to initiate a claim.
Banks charge for merchant credit card facilities, just like Paypal.
If you're going my way, I'll go with you - Guess
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(6 of 37)
Re: Pay pal fees
Aug 8, 2012 03:10 PM
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kaboodle110 wrote:
Thanks.
To SupaNova, i don't have to accept paypal, i think i do have a choice. I think most buyers like it as it offers some sort of insurance (which probably doesn't cover anything) and they pay no fees. I think paypal is another ebay con myself.
Considering that you do not offer other safe methods in your listing, YES, you do have to accept PP. If you refuse or try to ad PP fees to the total, the buyer can report you and you will end up with violation against your ID.
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(7 of 37)
Re: Pay pal fees
Aug 8, 2012 04:58 PM
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kaboodle110 wrote:
To SupaNova, i don't have to accept paypal, i think i do have a choice. . . . .
. . . . I think paypal is another ebay con myself.
You can build the PayPal fee into a Buy-It-Now priced item as you do not need to give anyone a breakdown of how you arrived at the Buy-It-Now price, not even eBay.
As for PayPal being an eBay con . . . . I think eBay would be a whole lot smaller if they did not insist on sellers offering at least one safe method of payment. Unscupulous sellers would simply not send items or they would not describe them properly, buyers would leave in droves, . . . . . . eBay has the amount of 'traffic' that it does BECAUSE of PayPal. PayPal allows for safe purchases from international sellers. If I could only buy things the USA using bank deposit or Western Union then I would not simply not buy from the USA.
Yes, buyers don't pay to use PayPal, but they do use it because it gives them a safety net.
I, for one, encourage all my buyyers to use PayPal . . . . and I have a lot of repeat buyers who eventually offer to use bnak deposit to save me fees as they know they can trust me.
"if a story doesn't make sense . . . . then it is not true" - Judge Judy
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(8 of 37)
Re: Pay pal fees
Aug 8, 2012 04:59 PM
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buyyers=buyers
bnak=bank
good thing we don't get posting violations for spelling mistakes!
"if a story doesn't make sense . . . . then it is not true" - Judge Judy
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(9 of 37)
Re: Pay pal fees
Aug 9, 2012 02:04 AM
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Paymate is not particularly liked by buyers as, inter alia, it costs $50 for them to initiate a claim.
It is not particularly liked by sensible sellers either. the fees are marginally higher and they offer NO seller protection against a genuine chargeback for fraudulent card use even if you have cast iron proof of delivery.
My problem lies in reconciling my gross habits with my net income.
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(10 of 37)
Re: Pay pal fees
Aug 9, 2012 01:47 PM
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If your original listing says paypal on it then you have to accept it otherwise ebay will suspend you or ban you pemanently, not to mention if the buyer puts in a complaint then you will also have a non performing seller violation as well as negative feedback.If your original listing has another payment method(paymate/merchant credit card) then you are fine-cash on pickup is not enough-someone can even pay you by paypal for a pickup item(you would be really stuffed then)
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(11 of 37)
Re: Pay pal fees
Aug 9, 2012 03:56 PM
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brindabellawinter wrote:
someone can even pay you by paypal for a pickup item(you would be really stuffed then)
PayPal offers NO BUYER PROTECTION for items that are picked up. If a buyer wants to pay for a pickup item by PayPal because it gives them buyer protection then they are misguided. Sellers can accept PayPal for pickup items, but my view is that pickup items should only ever be paid for with cash. If the item isn't as described then the buyer can walk away without handing over any cash. No claim process necessary.
"if a story doesn't make sense . . . . then it is not true" - Judge Judy
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(12 of 37)
Re: Pay pal fees
Aug 10, 2012 12:25 AM
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LOTB the problem is not with buyer protection but the fact that the seller has no protection against a bank chargeback.
Although it is very rarely reported on the boards that this has happened there have been a few cases.
I do know of at least one that was resolved after the seller reported the fraudster to the local police who 'suggested' to the buyer that they paid up and another one from many years ago when the seller happened to have a bunch of motorbike riding mates with a love of baseball!
My problem lies in reconciling my gross habits with my net income.
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(13 of 37)
Re: Pay pal fees
Mar 7, 2013 04:48 PM
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Being forced to accept papypal is definately a con, its just a convenient way to squeeze extra fees out of sellers. Then paypal are able to hang onto your money for an extra few days to earn interest on it.
Ebay and other auction sites existed well before paypal and millions of transctions were completed without any hassles.
Sellers should be free to decline paypal as a method of payment and if buyers do not want to pay by other means such as direct deposit then don't bid.
Given the option I would never accept paypal.
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(14 of 37)
Re: Pay pal fees
Mar 7, 2013 06:05 PM
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Nobody is forced to accept Paypal. As long as they offer Paymate or a merchant credit card facility and are happy with reduced sales, given most eBay buyers seem to prefer the protection paying with Paypal affords them.
This thread is 7 months old. Did you really need to bump it?
If you're going my way, I'll go with you - Guess
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(15 of 37)
Re: Pay pal fees
Mar 10, 2013 11:05 AM
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I agree. mandatory PayPal is just another way of them squeezing some more revenue ( I just sold a guitar for $590 and got charged $46 - I think you've made enough eBay!).
Having PayPal as a payment option is great, however, if you don't want to get slugged with the extra fees you should have the option not to offer it. As you said, i f the buyers don't like it, they can always shop elsewhere.
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(16 of 37)
Re: Pay pal fees
Mar 10, 2013 11:26 AM
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neon_blade wrote:
As you said, i f the buyers don't like it, they can always shop elsewhere.
Yes and most would. But the same can be said about sellers, if you do not like the eBay rules you are most welcome not to sell here. Their playground their rules.
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(17 of 37)
Re: Pay pal fees
Mar 10, 2013 12:06 PM
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If you are getting hundreds of dollars for your items do you really think that buyers would have bid so high it they did not know they could have buyer protection? There may also be buyers who do not have that much ready cash so can only bid if they can use a credit card.
If you don't want to use Paypal then don't, use Paymate and lose buyers hand over fist.
If it is a pick up item then there is a very easy way of avoiding Paypal payments which I am not going to explain yet again on a zombie thread!
My problem lies in reconciling my gross habits with my net income.
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(18 of 37)
Re: Pay pal fees
Mar 10, 2013 12:50 PM
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I do agree that the way ebay and paypal are set up is primarily to earn ebay as many $$ as possible. Obviously. They are in it for profit and paypal provides a substantial amount of the companies overall profit.
To say it's not is very naive. Even if you offer another of the approved payment methods your listing will state 'this has no paypal buyer protection'. Technically correct, but also designed to put the fear in buyers.
I have tried other approved payment methods on ebay but you do not sell anything due to the common notion that nothing else is truly safe. So back to paypal I go.
Despite what posters here say, bank deposit can have protection, especially if funded via creditcard or debit card. Even without cc or dc funding you can reverse a payment if you contact your bank (I know, I've done it).
The assumption that you are going to get ripped off if you pay via bank deposit is unfounded if you use a seller with a good track record. I often receive bank deposits and far prefer it - I save on fees and don't have to wait for the money to transfer into my account. It makes no different in the way I treat the customer. I still post promptly. I do still have my feedback to protect afterall.
Most of the posters on here have been repeating the same advice for years, which is basically cut and pastes from ebay and paypal websites.
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(19 of 37)
Re: Pay pal fees
Mar 10, 2013 01:26 PM
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pinktoedannie wrote:
How do you find a bank deposit with a credit or debit card?
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(20 of 37)
Re: Pay pal fees
Mar 10, 2013 01:57 PM
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I just choose to transfer funds online from credit card balance or debit card balance. Via my online banking account. It's no different to transfering funds from a savings account.
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(21 of 37)
Re: Pay pal fees
Mar 10, 2013 03:08 PM
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That would be seen as a cash advance from your credit card, an expensive option, usually double+ interest rate as well, and you will pay interest on the amount from the moment you withdraw it, and in many situations you will still pay the higher price on that transaction until your CC account it paid out in full. thought it worth mentioning.
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(22 of 37)
Re: Pay pal fees
Mar 10, 2013 04:10 PM
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pinktoedannie wrote:
I do agree that the way ebay and paypal are set up is primarily to earn ebay as many $$ as possible. Obviously. They are in it for profit and paypal provides a substantial amount of the companies overall profit.
PP was not set up by eBay; it was acquired by the same group later on. It was set up to provide service and to make money, just as any other business is. I imagine most sellers are here to make money.
pinktoedannie wrote:
Even if you offer another of the approved payment methods your listing will state 'this has no paypal buyer protection'. Technically correct, but also designed to put the fear in buyers.
It does not put fear into me, what puts me off buying from people who do not offer PP is that
A- i have a PP account and find it convenient way to pay (more often than not, I have money in my PP account)
B - if seller rather pays higher paymate fees than offer PP, that is what makes me think that if there is a problem they will be less than helpful. Although, now that Paymate dropped the fee for claims, there is still limit on how much you are protected for.
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(23 of 37)
Re: Pay pal fees
Mar 10, 2013 04:26 PM
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Very simple for me .
No paypal =no bid.
Sellers I get to know ---Bank deposit is great.
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