Ebay has a spotted history, for sure. But they have a wide reach and they are a good pathway to selling lesser posters. I like the managed payments better than what went before. The accounting is simpler, for sure.
The credit card companies, on the other hand, are now keeping their fees for RETURNED sales. They did not do this at one time, but about a year ago they started. And this bleeds into all processors, too. (Ebay returns the final value fees which include their commission for finding a buyer and all other charges and costs.) Paypal, for example. Let's say one sells a $2000 poster via paypal, that the buyer paid for with a credit card. And then the poster is returned. Let's say your merchant fee for credit cards is 2.5%. VISA / MASTERCARD keeps $50. Let's say your cost for the poster was $1000. After this, it is effectively $1050. American Express also does this, whether you are a direct AMEX customers or whether you process their cards through a third party (like Paypal). This happened to me with a $4500 poster. ($94.50) I was livid. I managed to talk paypal into refunding the money, but they told me in no uncertain terms that if it happened again they were keeping the money. I was angry with Paypal, and so I went to Chase (my bank) to set up alternate credit card processing. Chase does it too. But the Chase employee told me, it's not Chase that is doing this, it's the credit card companies. A representative at AMEX claims that they have always done this, but I am skeptical. With VISA/MASTERCARD this practice went into effect over a year ago. Obviously, with a $50. item, this is no biggie to sellers, but there is NO CAP on this practice. I am surprised that I have not heard more from sellers about this. In my view, this is almost theft. But it's legal, because sellers agree to it in their credit card processing agreements, which I doubt that most sellers even read. It's not like VISA/MASTERCARD doesn't make TRILLIONS already. Really, this makes Ebay's stuff look like nothing. I am not sure if this is the same in every country, but it is in the U.S. IF ANYONE HAS DIFFERENT INFORMATION THAN THIS ABOUT THIS SUBJECT, I'D LOVE TO HEAR ABOUT IT. Kirby McDaniel movieart.com > On Jul 29, 2021, at 9:20 AM, Helmut Hamm <texasmu...@web.de> wrote: > > Yup, they charge their fees on the sale price, the shipping, the sales tax > AND (in Germany at least) an additional 'service fee' 35 Euro-Cents for every > transaction. And they will collect the money from the buyers and release it > to sellers at their leisure. Or not... > > Could somebody please come up with an ebay alternative? It sure is about time. > > I wonder if it is the pandemic, these new ebay 'seller improvements' or > something else, but I hardly see anything worth bidding on ebay anymore. Or > is it just me? > > Helmut > > >> Am 29.07.2021 um 02:40 schrieb Susan Heim <filmfantast...@msn.com >> <mailto:filmfantast...@msn.com>>: >> >> That's been happening for most ebay sellers in the U.S. since last August. >> Ebay changed their system and in order to sell on ebay you had to become >> part of >> their managed payment program. They are instituting it all over the world, >> just gradually. For instance, I had a buyer from Ireleand where they don't >> have >> that system yet and they had to actually log onto the U.S. ebay to pay for >> the item....the fees were increased and now the percentage you pay is >> whatever >> percent you have on your account for the item price, it's sale tax and it's >> shipping. There is also now an international fee if someone outside the >> U.S. purchases >> your item.....that's the scoop. >> >> Sue >> HollywoodPosterFrames.com <http://hollywoodposterframes.com/> >> HollywoodPosters.com <http://hollywoodposters.com/> >> (800) 463-2994 >> >> From: MoPo List <mopo-l@LISTSERV.AMERICAN.EDU >> <mailto:mopo-l@LISTSERV.AMERICAN.EDU>> on behalf of Alan Heimann >> <alanheim...@gmail.com <mailto:alanheim...@gmail.com>> >> Sent: Wednesday, July 28, 2021 10:13 PM >> To: MoPo-L@LISTSERV.AMERICAN.EDU <mailto:MoPo-L@LISTSERV.AMERICAN.EDU> >> <MoPo-L@LISTSERV.AMERICAN.EDU <mailto:MoPo-L@LISTSERV.AMERICAN.EDU>> >> Subject: [MOPO] ebay Payments >> >> Have a few items on ebay ..revised them today ..was notified that payments >> will now go directly to my checking account rather than into my PayPal >> account ...so whatdoesbuyer actually choose ..thanks Alan >> To unsubscribe from the MoPo-L list, click the following link: >> https://listserv.american.edu/scripts/wa-american.exe?SUBED1=MoPo-L&A=1 >> <https://listserv.american.edu/scripts/wa-american.exe?SUBED1=MoPo-L&A=1> >> To unsubscribe from the MoPo-L list, click the following link: >> https://listserv.american.edu/scripts/wa-american.exe?SUBED1=MoPo-L&A=1 >> <https://listserv.american.edu/scripts/wa-american.exe?SUBED1=MoPo-L&A=1> > > To unsubscribe from the MoPo-L list, click the following link: > https://listserv.american.edu/scripts/wa-american.exe?SUBED1=MoPo-L&A=1 > <https://listserv.american.edu/scripts/wa-american.exe?SUBED1=MoPo-L&A=1> Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: lists...@listserv.american.edu In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content.
