posted on September 28, 2000 09:28:34 PM new
I just received a 'cash bonus' of 11 cents from PayPal. It's in my account history. I've spent the last 30 minutes trying to find out what it is for. Any one know?
posted on September 29, 2000 09:39:22 AM new
One of the sellers you paid is either a Premier or a Business member. That's PayPal's latest scheme to get buyers to insist on using it (Did I say that out loud? )
~~MouseSlayer is not a cat =^..^= ~~
Yes, I'm MouseSlayer everywhere. It's a great name, so I use it!
posted on September 29, 2000 01:37:59 PM new
mzalez -
Pay pal is losing money on CC transactions so they charge business accounts 1.9% ... and then turn around and hand over 1% of that to some buyers.
posted on September 30, 2000 07:59:36 AM new
Thanks for the answers mouseslayer and abacaxi.
I'm shocked. It doesn't make sense at all. A 1% kick back isn't enticing to a buyer, and only serves to take advantage of the seller. It forces the seller to accept a lower price for their merchandise. All these little chips here and there add up and reduce profit.
I'd like to see PayPal just stop the practice and let the sellers keep their 1%. If there was a way to discover whose 11 cents I have, I'd send it back to them.
posted on October 1, 2000 05:22:48 AM new
I found about about this the other day just browsing through paypals site.
As a business member I wasn't too happy about this.
I mean really what a great deal Paypal charges me 1.9% (+ .25 or higher as of oct 1st) then gives back 1% to the buyer (who which at the same time I am trying to encourage to use something else....)
BLAH!
You know my idea of an auction is start them low let the bidding begin. With all these fees bidders are not going to be seeing these low dollar starting bids.
[br] On a dollar item ebay gets listing fee and commision. Paypal gets 1.9% + .25 cents. You do the math You gotta pray at least 2 or more people start bidding and the item goes off the wall. Yes it's not smart to list all items at 1.00 or so but my point is if you end up adding all the fees in to cover your butt buyers are gonna start seeing a lot of higher prices and go away
[p]PS:Anyone want to give me directions to the warehouse where all the merchandise is free.
posted on October 1, 2000 11:15:45 AM new
Not to mention that they don't explain to the buyer why they got or who they got it from, so it's of almost no value to the seller.
I got 41 cents for ~something~ I'm not about to change what I bid on for that.
~Please~ I mostly bid on things that I can't find anyplace else, they are unique. It's not like there are 14 duplicates of this antique I just found and I'm trying to decide which of these duplicates I'm going to bid on. If that happens, I'm going to go to the one that isn't bid up as high.
Payment options have to be really outlandish for it to make or break a deal. I'm far more concerned about the quality of the item and if it's what it looks to be on the auction ad.
This scheme was not thought through.
Please PayPal - make it simple and cheap for the sellers - I want more items on Ebay to choose between and making it hard for them discourages that. Make your dimes on multiple transactions, not more on each.
posted on October 1, 2000 02:55:59 PM newmzalez the 1% didn't come out of the seller's pocket, it came out of PayPal's. Of course PayPal took it from the seller first...In other words that .11 cents didn't come out of the payment you sent to the seller. I hope I was clear?
~~MouseSlayer is not a cat =^..^= ~~
Yes, I'm MouseSlayer everywhere. It's a great name, so I use it!
(Did I say that out loud? 
)