posted on February 17, 2004 10:40:22 AM
When you go to a major retailer on the internet such as Wal-Mart or Macys etc, as soon as you see the item you want and put in your credit card information and hit purchase , the transactions is over you bought it and the retailer has been paid.
Ebay should change there system as soon as the gavel comes down on the high bidder his credit card needs to be charged right at the end of the auction and the seller gets paid right then and there .Therefore the deadbeats and idiots would think twice if they new there credit card gets charged if they win.
Is this to much to ask maybe so buit i think it would work.
posted on February 17, 2004 10:45:10 AM
except there are a decent number of people who don't or won't use a credit card, or even debit card.
Then there are those who will be using someone else's credit card (like their parents) and a chargeback will be done, and then you will be out the money and the merchandise.
Then there are those who would NEVER give ebay their credit card and permission to charge it if the auction is complete.
It wouldn't work, and would reduce the number of people who would bid. Heck, I wouldn't feel comfortable giving that info to ebay WITH my permission to have my card automatically charged if I won...
posted on February 17, 2004 01:49:37 PM
Ebayvet - while I know there are some that will not or do not use credit cards, I have had a pleasant surprise regarding how low those numbers are. I stopped using PayPal last Monday in favor of my own merchant account and 95% of my sales have gone thru the merchant acount and withing 24 of end of auction. I was even surprised at the numbers.
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If it's really "common" sense, why do so few people actually have it?
posted on February 17, 2004 02:47:19 PM
Fenix - What credit card company did you opt with? I've been searching around for another credit card merchant for my office supply company (not an eBay business) and the rates are so high, that it doesn't really make it worth it. Most rates I've found are around 4.5% in my area. So for my supply business, it's tough to be competitive when the markup isn't terribly high to begin with. Especially when my biggest competitor is Staples.
posted on February 17, 2004 03:37:42 PM
Costco provides card processing (fronts for a card processor, actually) for its Executive Members. Don't recall the rates but they were much less than 4.5%. May not work for non-swiped transactions. You've always got to check that.
posted on February 17, 2004 04:11:45 PM
cantwin, you should always remember that Ebay is 100% for the buyer. They have enough sellers, Ebay courts the buyers only. The only time Ebay comes down on a buyer is when that buyer starts costing Ebay money. Ebay is a very tough place to sell unless you are willing to put up with getting pushed around by Ebay, other sellers, and buyers. That is just my thoughts and who the heck cares anyway.
posted on February 17, 2004 04:24:42 PM
besides the discount rate,there is also a transaction fee,minimum discount fee,statement fee,batch header fee,AVS fee,then within discount rate,there is so called tier1 and tier 2.
chargeback fee can vary from 10-55 dollars.
there may be a term of a year minimum.
so make sure you take all that into consideration
-sig file -------the lobster in the boiling pot of water who tries to prevent the others from climbing out.
posted on February 17, 2004 04:28:22 PM
also ask how many days does it take to deposit your proceeds and if there is any kind of perpetual reserve??
if you do 1k or more a month with paypal,it is 2.2% plus 30 cents transaction fee,which is competitive with merchant accounts.
if you have a paypal debit card which you use as a credit card to go shopping,paypal rebates 1 1/2 % to you.
-sig file -------the lobster in the boiling pot of water who tries to prevent the others from climbing out.
posted on February 17, 2004 04:39:42 PM
I went thru CardService Int. using AuthorizeNet as my gateway since AuctionWorks has a portal to them preprogrammed into their checkout and storefront. My rate is 2.25 plus 25 cents per trandsaction with a $20 monthly fee. I don't have a statement fee since no statement is generated, I can access it all online. The turn around time is 24 to 48 hours on funds being deposted into my account. There is no reserve amount.
Stop - the thing is that now I do not have to deal with PayPals flaky refund policy or deal with the possibility of them locking up my account because I have higher than usual income one month. I am looking at doing some dealings in higher end items and would rather not be forced to jump thru PayPals hoops with no promise that they will not simply arbitrarily decide not to unlock an account simply because by average transaction fee increased suddenly.
Oh yeah - I have a miles card linked to the account my sales are deposited to - I'll take those over 1.2%
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If it's really "common" sense, why do so few people actually have it?
[ edited by Fenix03 on Feb 17, 2004 04:42 PM ]
posted on February 17, 2004 11:36:40 PM
I don't know what the answer is to the original question, bur I have used P/P since its beginning & have never had a problem. Maybe that is because I follow the rules. I use my P/P debit card for paying for postage, gas for my car & other business related things. Whenever it gets to $500.00, I have a trnsfr to my business checking acct. Anytime I read that someone has been frozen in P/P, I know damn well that they have not followed the rules. IMHO they are at fault, not PayPal.
posted on February 18, 2004 12:28:19 AM
Sanmar - I have two friends that had accounts locked during the Christmas season because of "unusual activity". The only thing they were doing differently was they ramped up the numbers of their listings and were getting higher bids. One got it unlocked after about a week, the other is still playing the game. Their trials and tribulations and a pretty pretty postcard inspired my decision .
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If it's really "common" sense, why do so few people actually have it?
