posted on November 14, 2007 11:49:54 AM new
If someone pays you with PayPal with a bank balance transfer do you have to pay a percentage of the sale as well as the 40 cent fee for using PayPal? Or is the percentage paid only on credit card payments?
On a sale of 2.75 how much would it cost to accept PayPal with a bank transfer?
posted on November 14, 2007 01:12:45 PM new
If you use PayPal to receive funds - on either a Business or Premier account level - you are paying the percentage - depending on your volume in the previous month. In addition to that, you pay the flat per-transaction fee. I thought that was $0.30 ea.
It doesn't matter where the balance comes from.
Wayne
Never explain -- Your friends do not need it and your enemies will not believe you anyway.
~ Elbert Hubbard
If her payment is one of the following:
PayPal Balance
/or/
PayPal Instant Transfer
/or/
PayPal eCheck (eChecks are bank transfers from checking account)...
Then you have NO transaction fee...
If she pays with:
Credit Card, Debit Card or Buyer Credit
,then there's a whole bunch of fees, hogsnarggle, etc:
4.9% + $0.30 USD (limit of 5 transactions per 12 month period)** for domestic or U.S. transactions
2% + applicable Fees Fees for cross border payments
4.9% plus $0.30 USD for card payments received using PayPal on Skype
IOW: your question:
"On a sale of 2.75 how much would it cost to accept PayPal with a bank transfer ?"
The ANSWER is $0.00
Also NOTE: "Personal accounts may not receive payments funded by credit card, debit card or Buyer Credit for eBay or eBay Express transactions without upgrading to Premier or Business accounts."
posted on November 14, 2007 01:58:18 PM newEASY WAY TO REMEMBER ABOUT PERSONAL ACCOUNTS:
If buyer pays you with:
PayPal Balance, PayPal Instant Transfer or PayPal eCheck, you have NO fees...
HOWEVER,
if buyer pays you with:
Credit Card, Debit Card or Buyer Credit , then you end up with OOOOODLES of fees...
NB: NONE of the above two posts has anything to do with Premier or Business Accounts, which involve complicated formulae charging one for the air that one breathes...
posted on November 14, 2007 02:35:05 PM new
Sorry for the confusion. I guess I assumed since you do more than just a few transactions in a 12 month period - you would probably have a Premier or Business account with PayPal. Hell, I have a number of buyers who have Premier accounts now.
So - Tom's right - as I mentioned that in my original post that my comment was based on having a Premier or Business account.
Do you know what level of PayPal account you have?
Wayne
Never explain -- Your friends do not need it and your enemies will not believe you anyway.
~ Elbert Hubbard
posted on November 14, 2007 09:05:11 PM new
Tom & Wayne, I thought I had a personal account, but I now see I have a premier account. That happened automatically when I accepted a CC payment.
posted on November 15, 2007 06:27:24 PM new
Tom, I remember that one time return & I'll bet it's no more.
I'll look around & see what I can find.
Accepting a CC payment made the switch automatic.
Sometimes I think I should just give in & raise my postage about .50 to cover PayPal..
And, I don't see where keeping my postage low has really helped sales anyway.
posted on November 15, 2007 06:44:54 PM new"Sometimes I think I should just give in & raise my postage about .50 to cover PayPal.. And, I don't see where keeping my postage low has really helped sales anyway."
I think that makes a great deal of sense from a business perspective, especially if one's customers are purchasing low-priced items.
For the buyer, PP is quick, easy, and FREE.
MAILING a money order or check is none of these...
Ya have to hunt up an envelope and then the 1st class postage (is what, now? $0.40??). Then spend $0.50 to $1.00 for a MO? (some banks in JAX charge $5 (!!) for money orders now). Then ya have to hand address the envelope & remember to drop it off, yada,yada,etc,etc...
The customer could end up spending $0.50 to $2 (or maybe even more) overall to pay for a $3 to $10 item? I think the vast majority of TODAY'S buyers would opt for the QUICK EASY FREE auctions...
posted on November 16, 2007 06:37:23 PM new
Can't argue with you guys about the possibility of not accepting PayPal hurting my sales. But I can tell you one thing & that is if you like & want what I'm selling you have to buy from me because no one else on eBay has the stamps I'm selling other than a stray that shows up now & then.
When I send my EOA email I tell buyers if they are in a hurry just let me know & I will mail their stamp even before I receive payment. I also encourage them not to spend extra on a MO because I mail the day or day after I receive payment & never hold checks.
posted on November 16, 2007 06:56:05 PM new
Last year,a bidder wrote me a personal check to the tune of 385 dollars.
I shipped the day I received her check and the check bounced!
Never again will I ship the same day a personal check arrives in the mail and I prefer MO over personal check for that kind of money!
*
Lets all stop whining !
*
posted on November 16, 2007 10:12:42 PM new
hwa...Sorry to hear something like that. A really dirty trick.
I would never ship something that expensive without a check clearing, in fact I wouldn't accept a personal check in that amount. I've been told that there is no guarantee a check will clear in 10 days, could take much longer.
I've accepted almost two thousand checks, only two bounced, both made good, but only one paid the 10.00 fee my bank charged for the NSF. Of course both checks were for under 10.00.
The checks I accept are small almost always under 10.00 so the risk is small & I only accept checks for my stamps if I sell something more expnsive, which is rare, I do not mention checks in my auction, only MO's
I find hobby people to be very honest & most are friendly.
