Rich,
you will not notice this, unless you do the math. I would have to look up their exact limits, but the principle is this:
You make less than $5000 in a month, they will charge you 2,9% the next month
Over $5,000 but under $20,000, the fee is 2,2%
Over $20,000, it‘s 1,9%
Bigshot sellers will save nothing from this, but the vast majority of Paypal clients will pay more. Small amounts for most single transactions, so small that most recipients won‘t even notice, but a very nice increase in revenue in the big scale.
And since we‘re at it: For those of you who make currency payments with Paypal, one thing you NEVER NEVER NEVER want to do is to allow Paypal to do the currency conversion for you.
This is of course their default setting for any payment, so you want to change this to ‚let the credit card company determine the exchange rate‘.
Here‘s why: Aside from their lousy exchange rate, which is much worse than the rate your credit card company gives you, Paypal charges an ‚exchange fee‘, ranging from 4% to 8%, depending on currency, so you end up paying about 6-10% more, and that‘s serious money. Most credit card companies charge about 2% for the exchange, if you use a currency broker, you can bring this down to 0.3%.
Helmut
Gesendet: Samstag, 24. April 2021 um 04:54 Uhr
Von: "MPB warehouse" <[email protected]>
An: [email protected]
Betreff: Re: [MOPO] selling on everyone's fav ... eeeekbay
Von: "MPB warehouse" <[email protected]>
An: [email protected]
Betreff: Re: [MOPO] selling on everyone's fav ... eeeekbay
"So if you have a slow month, they will punish you with higher fees."
I don't even know what that is Helmut. I don't believe I have seen such an effect on my transactions.
I wonder if that doesn't affect the USA?
Rich
On 4/23/2021 5:59 AM, Helmut Hamm wrote:
I stopped selling on ebay when they started to talk about their 'managed payments' and other new 'seller requirements' a couple of years ago and I never looked back.It's still a darn shame, as ebay used to be such a great place for both buyers and sellers. That was a LONG time ago, of course. Now it's nothing but another money grabbing scheme for the empty suits and their bottomless corporate greed. And yes, the ebay bank seems the next logical step.As to Paypal: Like ebay, they also manage to find new ways to reach deeper in our pockets. Their last 'improvement' now has the commission based on previous month's turnaround. So if you have a slow month, they will punish you with higher fees.HelmutAm 23.04.2021 um 05:34 schrieb MPB warehouse <[email protected]>:I stopped selling on ebay in 2005 and since then have only sold online via my site or Facebook posts (done lots of money by facebook)When I sell on my own site, I have no fees other than paypal.I couldn't be happier. Of course, I've had a serious internet presence since my first website in 1994 ( www.comic-art.com ) and so I was already positioned right to be able to go my own way.RichOn 4/22/2021 4:50 PM, Susan Heim wrote:Yes, ebay changed it's system back in August. If you want to sell on ebay in the U.S., you have to now be a part of their managed payment plan. They told me they are systamatically going to that system for everycountry in the world within the next two years. So, the buyer's fund for your item no longer go to Paypal, the go to ebay and ebay keeps the funds for 3 days before they send it directly toyour bank account which takes another 3 days. The percentage of what they take went up a bit and they take their fees on the item price + sales tax + shipping. So, if you sold an item for$100 and the sale tax was $9 and the shipping was $15, you are going to pay fees on $124. I talked to someone at ebay and asked "how can you charge me fees on the sales tax that I never see".I was basically told, that's the way it is.So, that's the scoop.SueHollywood Poster FramesHollywood Posters
From: MoPo List <[email protected]> on behalf of Moviemem Original Movie Posters <[email protected]>
Sent: Thursday, April 22, 2021 11:32 PM
To: [email protected] <[email protected]>
Subject: Re: [MOPO] selling on everyone's fav ... eeeekbayCreative accounting at its best. It’s like charging a fee on postage costs.
Regards
John
John ReidMoviemem Original Movie PostersPO Box 92ElanoraQld 4221AustraliaPhone: 0414 720 369
From: MoPo List [mailto:[email protected]] On Behalf Of allen day
Sent: 23 April, 2021 9:28 AM
To: [email protected]
Subject: Re: [MOPO] selling on everyone's fav ... eeeekbay
Hi all,
As life rolls on, I have decided to start giving away / throwing away / consigning / selling on eeekbay whatever I own ... that my wife and daughter are not interested in collecting / keeping, (which just happens to be damn near everything).
I looked into the transaction details on some items previously sold. I noticed what appears to be some accounting errors, so natch, I contacted and found out:
When a buyer pays for an item sold on eeekbay, they are (most likely) charged a local tax to be paid by the buyer, and that tax is also added to the final value of the item, and then the seller is charged whatever percentage fee on the added final value fee.
Creative accounting?
New math?
Thoughts?
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