I bought a few models from a guy on 400scale hangar so sent him money through paypal, i normally just send as payment for goods but today i noticed the category above the usual options of purchases and personal .
if you go to purchases this gives you option of paying for goods,services,ebay items ,if you go to personal this gives you option of paying for gift, personal money owed or something else,
thinking this option must change the amount of fees the person recieving the money pays i tried personal/ personal money owed (i wanted the seller to get as much of the payment as possible without paypal takeign a huge chunk ) and it asked if i wanted to pay $1,70 fee or pass to person recieving money
(this $1.70 fee was equal to 1% of money sending)
not knowing if this would only cost the reciever $1.70 to recieve the payment or if paypal would take its normal monies plus this 1% i just opted for purchases/goods
does anybody know what paypal charges for these personal circumstances, surely if it is only 1% of the money being sent we should all start sending money to each other - retailers this way and stop paypal and ebays money grab.
i used to send my retailer payment by paypal every month but opted to help him by giveing my cc# to cream whenever i buy something.
Haveing just sold items on ebay for over $550 i now know how much paypal takes from its users and how much retaielrs must lose by all of us useing paypal, sure retailers are running a buisness and may be able to afford paypal fees but are many of them makeing the hundred of millions ebay and paypal do ????
I can tell you that Ebay owns Paypal. You will be charged automatically for any funds deposited into your account, period....regardless of what type of payment you are receiving. All fees are fixed.
Your money made on Ebay will all be charged a fee as soon as it is paid into your Paypal account. You cannot prevent this.
FYI: In regards to Ebay....they have a "NEW" rule. One can no longer be paid with a check or Money Order. This further enables them to make sure they get their piece of the pie. That does not include Ebay listing fees and final value fees. The impact of how expensive ebay has become is reflected in the number of listings present. They have gone waaaay down...despite an inexpensive "Ebay Store" promotion. Only the really big sellers make huge money.....ex. Buchair NYC does quite well..JPF Just Plane Fun, etc...
Paypal does have a schedule of fees and how they're applied. You can also call them directly.
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Last edited by Junkcollector; 08-28-2008 at 04:10 PM.
In regards to Ebay....they have a "NEW" rule. One can no longer be paid with a check or Money Order.
Boy, I tell ya, they are becoming worse and worse. I have a few items I need to put on there, but once those have (hopefully) sold, no more selling on eBay for me.
They tried to force EBay buyers and sellers in Australia to use Paypal exclusively, but ran afoul of the consumer protection agency, the ACCC, who slapped them down after taking it to the courts and winning.
EBay / Paypal is licking their wounds and talking about another approach, however the courts down here were pretty supportive of the ACCC.
Unicorn
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I bought a few models from a guy on 400scale hangar so sent him money through paypal, i normally just send as payment for goods but today i noticed the category above the usual options of purchases and personal .
if you go to purchases this gives you option of paying for goods,services,ebay items ,if you go to personal this gives you option of paying for gift, personal money owed or something else,
thinking this option must change the amount of fees the person recieving the money pays i tried personal/ personal money owed (i wanted the seller to get as much of the payment as possible without paypal takeign a huge chunk ) and it asked if i wanted to pay $1,70 fee or pass to person recieving money
(this $1.70 fee was equal to 1% of money sending)
not knowing if this would only cost the reciever $1.70 to recieve the payment or if paypal would take its normal monies plus this 1% i just opted for purchases/goods
does anybody know what paypal charges for these personal circumstances, surely if it is only 1% of the money being sent we should all start sending money to each other - retailers this way and stop paypal and ebays money grab.
i used to send my retailer payment by paypal every month but opted to help him by giveing my cc# to cream whenever i buy something.
Haveing just sold items on ebay for over $550 i now know how much paypal takes from its users and how much retaielrs must lose by all of us useing paypal, sure retailers are running a buisness and may be able to afford paypal fees but are many of them makeing the hundred of millions ebay and paypal do ????
How much does one get charged for money deposited to your bank account?
Transfers are free.
3.5% fee is charged when money is received by a seller from a buyer.
Peewee
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They tried to force EBay buyers and sellers in Australia to use Paypal exclusively, but ran afoul of the consumer protection agency, the ACCC, who slapped them down after taking it to the courts and winning.
EBay / Paypal is licking their wounds and talking about another approach, however the courts down here were pretty supportive of the ACCC.
Unicorn
I wonder what we in the United States can do about this. Ebay admin rules with an iron fist.
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I wonder what we in the United States can do about this. Ebay admin rules with an iron fist.
I'm not sure anything can be done. Can you force a business to accept a variety of payment methods? I'm guessing you can't since stores exist that accept cash only. So if those terms are unacceptable we're free to shop elsewhere.
I'm not sure anything can be done. Can you force a business to accept a variety of payment methods? I'm guessing you can't since stores exist that accept cash only. So if those terms are unacceptable we're free to shop elsewhere.
Probably not...... Hopefully this will open the door for new competition that would like to serve a broader market. Many customers have requested paying via Check/Money Order in the past. Recapturing that profit potential would help sales.
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Probably not...... Hopefully this will open the door for new competition that would like to serve a broader market. Many customers have requested paying via Check/Money Order in the past. Recapturing that profit potential would help sales.
Which was one of the arguments made against PayPal's activities.
It was argued that by attempting to force consumers to use PayPal to the exclusion of all other payment methods, EBay was engaging in anti-competitive behaviour and trying to enforce monopoly pricing.
Of course EBay claimed that they had fewer complaints from users who used PayPal for transactions, but the Australian Competition and Consumer Commission wasn't wearing that at all, especially as EBay was unable to provide any statistics to back that claim up.
In the end the ACCC rued that EBay must continue to offer alternatives to PayPal.
Go ACCC!.
Unicorn
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It is by will alone I set my mind in motion.
It is by the juice of sapho that thoughts acquire speed,
the lips acquire stains, the stains become a warning.
It is by will alone I set my mind in motion.
I wonder what we in the United States can do about this. Ebay admin rules with an iron fist.
Steele et al. v. PayPal, Inc. et al., Civil Action No. 1:05-CV-01720 (ILG)(VVP)
Notice from Federal Court. Please Read.
You may be eligible to receive a benefit from a class action settlement if you funded a PayPal transaction using a source other than your credit card between February 1, 2004 and the present.
A federal court has directed that this notice be sent to inform you of a proposed class action settlement. Records show that you may be eligible to receive a benefit under the proposed settlement.
The settlement will resolve a lawsuit against eBay Inc. and PayPal, Inc. (collectively, "Defendants") involving claims arising out of representations in the PayPal User Agreement regarding PayPal's policies and practices for responding to refund requests from those customers who pay for transactions through PayPal using funds from funding sources other than credit cards. Under the settlement, Defendants have agreed to establish a settlement fund of $3.5 million to pay claims to potential class members
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i also got this email message peewee, didnt ebay sell paypal to a bank or another company, i dont mind useing paypal as its fast and easy but there percentage is rip off because they get you in everyway , a retailer would have to pay paypal about $15 plus on my monthly order where as it may only cost $1 to process a credit card.
i also got this email message peewee, didnt ebay sell paypal to a bank or another company, i dont mind useing paypal as its fast and easy but there percentage is rip off because they get you in everyway , a retailer would have to pay paypal about $15 plus on my monthly order where as it may only cost $1 to process a credit card.
I pay 3.5%. I do not know if a cc is lower than that.
Peewee
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Haveing just sold items on ebay for over $550 i now know how much paypal takes from its users and how much retaielrs must lose by all of us useing paypal, sure retailers are running a buisness and may be able to afford paypal fees but are many of them makeing the hundred of millions ebay and paypal do ????
Why do you think retailers are losing money? I'm sure retailers are adding the paypal fees in the price of the items already.....at least a smart one would.
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im sure retailers can look after there self but we could always save each other a few bucks too. its not just retailers who sell on ebay stores or accept paypal for there websites its the collectors who are bored with a certain model or need to sell off a part of there collection
im sure retailers can look after there self but we could always save each other a few bucks too. its not just retailers who sell on ebay stores or accept paypal for there websites its the collectors who are bored with a certain model or need to sell off a part of there collection
Yes, it's very admirable of you to think of us collectors,but I was just quoting your retailer part of the post. If your idea can save the common person some bucks...why not? I think paypal is a scam anyways, it's a buyer's best friend and a seller's worst enemy.
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